CHILDREN AT HEART FOUNDATION INC

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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

2001

Legal Domicile

Principal Officer

TODD ROBERSON

Phone

5122553668

Tax Period

2023-01-01 to 2023-12-31

CHILDREN AT HEART FOUNDATION INC, founded in 2001, is a community nonprofit in the Education sector that reported $8.5M in total revenue in fiscal year 2023. Revenue fell 51% from the prior year — a significant decline worth monitoring. Net assets of $125.3M represent 177 months of operating reserves.

Mission

MANAGE ENDOWED FUNDS AND DISTRIBUTE OPERATIONAL GRANTS TO ENSURE LONG-TERM FINANCIAL STABILITY FOR A FAMILY OF NONPROFIT MINISTRIES.

Program Service Accomplishments

Program 1

Expenses: $8,256,560

THE CHILDREN AT HEART FOUNDATION (CAHF) ENSURES THE LONG-TERM FINANCIAL STABILITY OF A FAMILY OF NONPROFIT MINISTRIES, INCLUDING: CHILDREN AT HEART MINISTRIES, TEXAS BAPTIST CHILDREN'S HOME, MIRACLE FARM, AND GRACEWOOD. THESE MINISTRIES ARE DEDICATED TO TRANSFORMING THE LIVES OF VULNERABLE CHILDREN AND FAMILIES BY PROVIDING THEM WITH THE SUPPORT AND STRUCTURE THEY NEED TO FIND HOPE, HEAL, AND PUT THEIR LIVES BACK ON TRACK. CAHF SERVES THE MINISTRIES BY MANAGING ENDOWED FUNDS AND DISTRIBUTING GRANTS FOR OPERATIONAL SUPPORT.

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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 $2,658,947

Program Service Revenue $0

Investment Income $5,843,985

Other Revenue $7,834

TOTAL REVENUE $8,510,766

Expense Breakdown

Grants Paid $8,256,560

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $8,256,560

Other Expenses $173,420

TOTAL EXPENSES $8,429,980

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,510,766	$17,432,136	-0.5%
Expenses	$8,429,980	$7,473,082	+0.1%
Net Income	$80,786	$9,959,054	-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

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

$539,581

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAY WILLIAMS	CHAIRMAN & TRUSTEE	1.00	Officer Director	$0	$0	$0
HECTOR DE LEON	VICE CHAIRMAN & TRUSTEE	1.00	Officer Director	$0	$0	$0
CALVIN LEE	SECRETARY & TRUSTEE	1.00	Officer Director	$0	$0	$0
LINDA BEBEE	TRUSTEE	1.00	Director	$0	$0	$0
CHARLES BOYD	TRUSTEE(SERVED ALL OF 2023 BUT LEFT IN MARCH 2024)	1.00	Director	$0	$0	$0
BUDDY FERGUSON	TRUSTEE	1.00	Director	$0	$0	$0
TROY GADDIE	TRUSTEE	1.00	Director	$0	$0	$0
TODD ROBERSON	PRESIDENT	1.00	Officer	$0	$44,977	$290,154
KIRK KRIEGEL	EXECUTIVE VICE PRESIDENT	1.00	Officer	$0	$46,186	$249,427

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	$8,510,766	$8,429,980	$128,618,062	$80,786
2022	$17,432,136	$7,473,082	$127,346,785	$9,959,054
2021	$7,888,941	$6,717,359	$120,247,814	$1,171,582
2020	$9,530,233	$6,297,634	$102,689,727	$3,232,599
2019	$6,613,520	$7,012,360	$95,129,499	$-398,840
2018	$9,337,702	$6,588,257	$87,656,613	$2,749,445