Hearth Foundation Inc (EIN 742516152) - 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

1988

Legal Domicile

Phone

5202079350

Tax Period

2022-07-01 to 2023-06-30

Hearth Foundation Inc, founded in 1988, is a micro nonprofit in the Housing & Shelter sector that reported $58K in total revenue in fiscal year 2022. Revenue decreased 8% compared to the prior year. Expenses of $116K exceeded revenue, resulting in a 100% operating deficit.

Mission

To provide safe and affordable housing for low-income families.

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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 (2022)

Revenue Breakdown

Contributions & Grants $6,507

Program Service Revenue $51,379

Investment Income $88

Other Revenue $0

TOTAL REVENUE $57,974

Expense Breakdown

Grants Paid $0

Salaries & Benefits $39,822

Fundraising Expenses $2,393

Program Expenses $71,399

Other Expenses $75,899

TOTAL EXPENSES $115,721

Year-over-Year Comparison

	2022	2021	Change
Revenue	$57,974	$63,241	-0.1%
Expenses	$115,721	$92,658	+0.2%
Net Income	$-57,747	$-29,417	+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

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

$14,400

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Lynn Hellwig	CEO	10.00	Officer	$14,400	$0	$14,400
Carolyn Minor	Treasurer	1.00	Officer Director	$0	$0	$0
Mike Dalton	President	1.00	Officer Director	$0	$0	$0
Shawn Edgar	Director	1.00	Officer Director	$0	$0	$0
Paige Draper	Secretary	1.00	Officer Director	$0	$0	$0
Nicole Brule-Fisher	Director	1.00	Director	$0	$0	$0
Ignacio Castro	Vice President	1.00	Officer Director	$0	$0	$0
Lynn Hellwig	N/A	0.00		$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	$57,974	$115,721	$952,649	$-57,747
2022	$63,241	$92,658	$1,009,235	$-29,417
2021	$73,674	$109,667	$1,038,045	$-35,993
2020	$69,637	$100,197	$1,073,254	$-30,560
2019	$308,838	$111,609	$1,225,582	$197,229

Hearth Foundation Inc