HEART OF AMERICA FOUNDATION

EIN: 522034127 501(c)(3) Community Improvement

WASHINGTON, DC

Total Revenue
$17,062,886
Total Expenses
$16,553,614
Total Assets
$21,540,338
Net Assets
$6,274,643
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1997
Legal Domicile
DC
Principal Officer
JILL HEATH
Phone
2023476278
Tax Period
2024-01-01 to 2024-12-31

HEART OF AMERICA FOUNDATION, founded in 1997, is a mid-sized nonprofit in the Community Improvement sector that reported $17.1M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

SEE PART III, LINE 1.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $16,289,536
Program Service Revenue $98,915
Investment Income $656,626
Other Revenue $17,809
TOTAL REVENUE $17,062,886

Expense Breakdown

Grants Paid $310,349
Salaries & Benefits $4,616,818
Fundraising Expenses $680,914
Program Expenses $14,675,979
Other Expenses $11,626,447
TOTAL EXPENSES $16,553,614

Year-over-Year Comparison

2024 2023 Change
Revenue $17,062,886 $15,517,475 +0.1%
Expenses $16,553,614 $14,151,541 +0.2%
Net Income $509,272 $1,365,934 -0.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
12
Independent Members
11
Employees
58
Volunteers
2482

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$270,323
Total Directors
12
$270,323
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JILL HEATH PRESIDENT 60.00
Officer Director
$260,000 $10,323 $270,323
KAREN DUNCAN CHAIRPERSON 2.00
Officer Director
$0 $0 $0
ERIC SCHEWEIKERT TREASURER 1.00
Officer Director
$0 $0 $0
KELLY BOZARTH BOARD MEMBER 0.50
Director
$0 $0 $0
HOWARD BYCK BOARD MEMBER 0.50
Director
$0 $0 $0
MARY CHRIST-ERWIN BOARD MEMBER 0.50
Director
$0 $0 $0
MARCIA BULLARD BOARD MEMBER 0.50
Director
$0 $0 $0
STEVE KAUFMAN BOARD MEMBER 0.50
Director
$0 $0 $0
TERRY MCDONOUGH BOARD MEMBER 0.50
Director
$0 $0 $0
SCOTT NELSON BOARD MEMBER 0.50
Director
$0 $0 $0
LATANYA MCDADE BOARD MEMBER 0.50
Director
$0 $0 $0
YOLI STANCIL BOARD MEMBER 0.50
Director
$0 $0 $0
BELINDA HARRIS VICE PRESIDENT, DEVELOPMENT 50.00
Highest
$170,000 $27,572 $197,572
TOM HELWIG SENIOR VICE PRESIDENT, OPERATIONS 50.00
Highest
$190,000 $7,061 $197,061
KATHRYN SORESTAD VICE PRESIDENT, GOVERNMENT AFFAIRS 50.00
Highest
$162,500 $16,908 $179,408
HETAL PATEL VICE PRESIDENT, FINANCE 50.00
Highest
$166,500 $6,599 $173,099
PAM BRYDEN VICE PRESIDENT, HR AND ADMIN 50.00
Highest
$164,500 $6,480 $170,980
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $17,062,886 $16,553,614 $21,540,338 $509,272
2023 $15,517,475 $14,151,541 $19,858,884 $1,365,934
2022 $15,349,861 $14,502,679 $19,101,550 $847,182
2021 $13,311,439 $11,771,440 $21,952,714 $1,539,999
2020 $9,148,332 $8,316,897 $16,063,091 $831,435
2019 $3,824,763 $6,105,781 $13,729,603 $-2,281,018
2018 $5,270,890 $4,009,597 $3,789,662 $1,261,293
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