CLUB OF HEARTS INC (EIN 586056698) - 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

1953

Legal Domicile

Principal Officer

JEREMY SPRADLIN

Phone

4045063030

Tax Period

2023-01-01 to 2023-12-31

CLUB OF HEARTS INC, founded in 1953, is a small nonprofit in the Community Improvement sector that reported $659K in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year.

Mission

PROVIDE A MEANS FOR EMPLOYEES AND RETIREES TO DONATE TO CHARITY AND NONPROFIT RELATED SERVICES.

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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 $656,493

Program Service Revenue $0

Investment Income $2,228

Other Revenue $0

TOTAL REVENUE $658,721

Expense Breakdown

Grants Paid $665,507

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $665,507

Other Expenses $0

TOTAL EXPENSES $665,507

Year-over-Year Comparison

	2023	2022	Change
Revenue	$658,721	$704,961	-0.1%
Expenses	$665,507	$866,795	-0.2%
Net Income	$-6,786	$-161,834	-1.0%

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

N/A

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
JEREMY SPRADLIN	CHAIRMAN	1.00	Officer Director	$0	$0	$0
LATREVIA WATTERS	VICE CHAIR	1.00	Officer Director	$0	$0	$0
HANNAH WARNER	SECRETARY	1.00	Director	$0	$0	$0
CHRIS DANDREA	MANAGEMENT	1.00	Director	$0	$0	$0
ADDISON REAGAN	DIRECTOR	1.00	Director	$0	$0	$0
MARION OWEN PHILLIPS	DIRECTOR	1.00	Director	$0	$0	$0
DENNA MOULTRY	DIRECTOR	1.00	Director	$0	$0	$0
KENNEETH POOLE	DIRECTOR	1.00	Director	$0	$0	$0
MARIE SPAIN	DIRECTOR	1.00	Director	$0	$0	$0
EBONY ROWELL	DIRECTOR	1.00	Director	$0	$0	$0
JAMES HYLTON	TREASURER	1.00	Director	$0	$0	$0
KATIE WEAVER	DIRECTOR	1.00	Director	$0	$0	$0
HUNTER H MCCLESKEY	DIRECTOR	1.00	Director	$0	$0	$0
WOODY ROZIER	DIRECTOR	1.00	Director	$0	$0	$0
CHARLIE H ROSS	COH PROJECT MANAGER	1.00	Officer	$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	$658,721	$665,507	$364,160	$-6,786
2022	$704,961	$866,795	$370,946	$-161,834
2021	$724,254	$615,563	$532,781	$108,691
2020	$704,442	$881,015	$429,650	$-176,573
2019	$896,409	$941,412	$599,623	$-45,003
2018	$1,014,883	$1,028,872	$698,240	$-13,989

CLUB OF HEARTS INC