Warm Hearth Foundation Inc

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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

1992

Legal Domicile

Phone

5409611712

Tax Period

2023-10-01 to 2024-09-30

Warm Hearth Foundation Inc, founded in 1992, is a small nonprofit in the Human Services sector that reported $746K in total revenue in fiscal year 2023. Expenses of $709K left a modest 5% surplus.

Mission

WARM HEARTH FOUNDATION RECEIVES AND ADMINISTERS SUPPORTING FUNDS FOR THE PURPOSES OF RESIDENTS OF WARM HEARTH VILLAGE AS FOLLOWS: (A) HOUSING SERVICES TO ELDERLY AND HANDICAPPED AS PROVIDED BY TROLINGER HOUSE, INC., NEW RIVER HOUSE, INC., NEW CENTURY HOUSING, INC., AND WARM HEARTH, INC., (B) NON-PROFIT NURSING HOME AND ASSISTED LIVING CARE AS PROVIDED BY NRV NURSING CENTER, INC. AND SHOWALTER CENTER, INC.

Program Service Accomplishments

Program 1

Expenses: $573,343

THE CORPORATION RECEIVES AND ADMINISTERS CHARITABLE CONTRIBUTIONS FOR THE SUPPORT OF WARM HEARTH VILLAGE, A SENIORS HOUSING COMMUNITY IN BLACKSBURG, VIRGINIA. WARM HEARTH VILLAGE PROVIDES ELDERLY AND HANDICAPPED PERSONS WITH AFFORDABLE HOUSING. THE CORPORATION PROVIDES SUPPORT TO EIGHT AFFILIATED ORGANIZATIONS WHICH COMPRISE WARM HEARTH VILLAGE, PROVIDING HOUSING TO APPROXIMATELY 350 PERSONS.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $641,712

Program Service Revenue $311

Investment Income $22,704

Other Revenue $81,539

TOTAL REVENUE $746,266

Expense Breakdown

Grants Paid $260,788

Salaries & Benefits $0

Fundraising Expenses $83,865

Program Expenses $573,343

Other Expenses $447,748

TOTAL EXPENSES $708,536

Year-over-Year Comparison

	2023	2022	Change
Revenue	$746,266	$780,258	0.0%
Expenses	$708,536	$538,828	+0.3%
Net Income	$37,730	$241,430	-0.8%

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

250

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

$343,178

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Karen Hanks	Secretary	0.5	Officer Director	$0	$0	$0
Mike Spears	Treasurer	0.5	Officer Director	$0	$0	$0
Thomas Pierce	President	0.5	Officer Director	$0	$0	$0
Richard Shepherd	Trustee	0.5	Director	$0	$0	$0
Savanna Dyer	Trustee	0.5	Director	$0	$0	$0
Molly Nevitt	CFO	0.5	Officer	$0	$3,923	$152,169
William Lester	President and CEO	0.5	Officer	$0	$5,248	$191,009
Alison Trigg	Showalter Admin	0.5	Highest	$0	$499	$106,033
Kevin Sands	RN Director	0.5	Highest	$0	$3,140	$109,889
Shaunna Andrews	Director of Nursing	0.5	Highest	$0	$2,061	$105,746
Tambra Dixon	VP of Philanthropy	0.5	Highest	$0	$3,317	$123,498
Walter Williams	Director of Network Services	0.5	Highest	$0	$3,292	$110,755

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	$746,266	$708,536	$4,027,224	$37,730
2023	$780,258	$538,828	$3,485,543	$241,430
2022	$569,564	$350,140	$3,186,690	$219,424
2021	$579,475	$387,827	$3,025,481	$191,648
2020	$974,302	$357,270	$3,061,773	$617,032
2019	$500,941	$350,111	$2,343,883	$150,830
2018	$361,118	$295,975	$2,266,913	$65,143