Heart of Brevard (EIN 561721004) - Form 990 Financial Analysis & Trantor Score

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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

1990

Legal Domicile

Principal Officer

J Nicole Bentley

Phone

8288843278

Tax Period

2024-07-01 to 2025-06-30

Heart of Brevard, founded in 1990, is a small nonprofit in the Community Improvement sector that reported $589K in total revenue in fiscal year 2024. Revenue surged 57% from the prior year, signaling strong growth momentum. Expenses of $501K left a modest 15% surplus.

Mission

Heart of Brevard is creating a gathering place for the community, strengthening the economic vitality of the downtown Brevard district and preserving and sustaining our rich heritage.

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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 (2024)

Revenue Breakdown

Contributions & Grants $453,843

Program Service Revenue $27,924

Investment Income $7,203

Other Revenue $99,614

TOTAL REVENUE $588,584

Expense Breakdown

Grants Paid $9,000

Salaries & Benefits $167,856

Fundraising Expenses $11,315

Program Expenses $432,836

Other Expenses $323,665

TOTAL EXPENSES $500,521

Year-over-Year Comparison

	2024	2023	Change
Revenue	$588,584	$375,666	+0.6%
Expenses	$500,521	$444,515	+0.1%
Net Income	$88,063	$-68,849	-2.3%

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

302

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

$100,189

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jessica Bentley	Executive Director	40.00	Officer	$88,397	$11,792	$100,189
Adam Perkins	President	4.00	Officer Director	$0	$0	$0
Sheila Carland	1st Vice President	4.00	Officer Director	$0	$0	$0
Paul Wilander	2nd Vice President	4.00	Officer Director	$0	$0	$0
Anna Davis	Treasurer	4.00	Officer Director	$0	$0	$0
Taylor Singer	Secretary	4.00	Officer Director	$0	$0	$0
Emrie Carlton-Jackson	Board Member	2.00	Director	$0	$0	$0
Maureen Copelof	Board Member	2.00	Director	$0	$0	$0
Tamika Hunter	Board Member	2.00	Director	$0	$0	$0
Nory LeBrun	Board Member	2.00	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
2025	$588,584	$500,521	$287,733	$88,063
2024	$375,666	$444,515	$195,327	$-68,849
2023	$335,338	$342,283	$265,701	$-6,945
2022	$278,826	$241,586	$273,560	$37,240
2021	$221,890	$196,991	$249,220	$24,899

Heart of Brevard