HEART FOR ORPHANS INC (EIN 541769288) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2007

Legal Domicile

Principal Officer

NANCY HATHAWAY

Phone

7572203457

Tax Period

2023-01-01 to 2023-12-31

HEART FOR ORPHANS INC, founded in 2007, is a small nonprofit in the Human Services sector that reported $363K in total revenue in fiscal year 2018. Expenses of $347K left a modest 4% surplus.

Mission

TRANSFORM THE LIVES OF ORPHANS THROUGH THE LOVE OF GOD AND FAMILY. WE PROVIDE SMALL, FAMILY-STYLE, CHRIST-CENTERED HOMES FOR ORPHANS IN UKRAINE, BELARUS, AND KENYA. WE HAVE A SPECIAL FOCUS ON AGED-OUT ORPHAN TEENS (16-21 YEARS.)

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $443,572

Program Service Revenue $0

Investment Income $13,567

Other Revenue $-9,878

TOTAL REVENUE $447,261

Expense Breakdown

Grants Paid $2,253

Salaries & Benefits $182,766

Fundraising Expenses $77,155

Program Expenses $364,665

Other Expenses $336,307

TOTAL EXPENSES $521,326

Year-over-Year Comparison

	2023	2022	Change
Revenue	$447,261	$654,109	-0.3%
Expenses	$521,326	$479,944	+0.1%
Net Income	$-74,065	$174,165	-1.4%

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

Volunteers

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NANCY HATHAWAY	PRESIDENT	30.00	Officer Director	$0	$0	$0
STEPHEN HATHAWAY	DIRECTOR	1.50	Director	$0	$0	$0
STEVEN DE MIK	TREASURER &	1.50	Officer Director	$0	$0	$0
VANCE STALLINGS	DIRECTOR	1.50	Director	$0	$0	$0
REBECCA WENGER	SECRETARY	1.50	Officer Director	$0	$0	$0
ANN WILSON	DIRECTOR	1.50	Director	$0	$0	$0

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	No data	No data	No data	No data
2023	$447,261	$521,326	$1,072,289	$-74,065
2023	$447,261	$521,326	$1,072,289	$-74,065
2022	$654,109	$479,944	$1,148,980	$174,165
2021	$344,725	$476,572	$988,108	$-131,847
2021	$344,725	$476,572	$988,108	$-131,847
2020	$1,121,695	$360,165	$1,127,787	$761,530
2020	$1,121,695	$360,165	$1,127,787	$761,530
2019	$295,378	$344,202	$343,741	$-48,824
2019	$295,378	$344,202	$343,741	$-48,824
2018	$363,164	$347,011	$389,473	$16,153

HEART FOR ORPHANS INC