MENDING HEARTS INC

EIN: 731697900 501(c)(3) Mental Health

NASHVILLE, TN

Total Revenue
$7,478,566
Total Expenses
$5,241,720
Total Assets
$10,068,468
Net Assets
$8,209,606
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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
2004
Legal Domicile
TN
Principal Officer
KATRINIA FRIERSON
Phone
6153851696
Tax Period
2023-07-01 to 2024-06-30

MENDING HEARTS INC, founded in 2004, is a community nonprofit in the Mental Health sector that reported $7.5M in total revenue in fiscal year 2023. Revenue surged 57% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.2M, a strong 30% operating margin.

Mission

HELP WOMEN RESTORE THEIR LIVES FROM ADDICTION THROUGH TREATMENT PROGRAMS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $6,838,185
Program Service Revenue $600,973
Investment Income $31,074
Other Revenue $8,334
TOTAL REVENUE $7,478,566

Expense Breakdown

Grants Paid $10,820
Salaries & Benefits $2,591,813
Fundraising Expenses $242,073
Program Expenses $4,090,911
Other Expenses $2,639,087
TOTAL EXPENSES $5,241,720

Year-over-Year Comparison

2023 2022 Change
Revenue $7,478,566 $4,758,971 +0.6%
Expenses $5,241,720 $3,803,864 +0.4%
Net Income $2,236,846 $955,107 +1.3%
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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Governance

Voting Members
10
Independent Members
10
Employees
58
Volunteers
50

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
7
$453,972
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KIM JAMES CHAIR 0.69
Officer Director
$0 $0 $0
ABBY SPARKS VICE CHAIR 0.69
Officer Director
$0 $0 $0
KRISTINA KALB SECRETARY (END 2/24) 0.69
Officer Director
$0 $0 $0
RACHEL GERRING TREASURER 0.92
Officer Director
$0 $0 $0
YVONNE SULLIVAN DIRECTOR 0.35
Director
$0 $0 $0
CHRIS JENKINS DIRECTOR 0.35
Director
$0 $0 $0
JAMIE LEDDIN DIRECTOR 0.35
Director
$0 $0 $0
KATHRYN MOORE DIRECTOR 0.35
Director
$0 $0 $0
DEW TINNIN DIRECTOR 0.35
Director
$0 $0 $0
GINGER WELLS DIRECTOR 0.35
Director
$0 $0 $0
HALEY ZAPOLSKI DIRECTOR 0.35
Director
$0 $0 $0
BRYAN HECKMAN DIRECTOR (END 3/24) 0.35
Director
$0 $0 $0
TRACIE HINSON COO 40.00
Officer
$79,157 $10,235 $89,392
HEATHER MCBEE EXECUTIVE DIRECTOR 40.00
Officer
$106,466 $10,235 $116,701
KATRINIA FRIERSON PRESIDENT & CEO 40.00
Officer
$230,915 $16,964 $247,879
TAMARA CARROLL NURSE PRACTITIONER 40.00
Highest
$116,466 $0 $116,466
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 $7,478,566 $5,241,720 $10,068,468 $2,236,846
2023 $4,758,971 $3,803,864 $7,002,696 $955,107
2022 $3,809,664 $3,220,585 $5,569,699 $589,079
2021 $3,141,061 $2,654,277 $5,233,366 $486,784
2020 $3,272,001 $2,342,626 $4,657,966 $929,375
2019 $2,896,921 $1,734,644 $3,712,388 $1,162,277
2018 $1,804,267 $1,498,885 $2,584,089 $305,382
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