HEARTS Veterans Museum of Texas (EIN 760605519) - 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

1999

Legal Domicile

Principal Officer

Kenneth Lee

Phone

9362955959

Tax Period

2018-01-01 to 2018-12-31

HEARTS Veterans Museum of Texas, founded in 1999, is a small nonprofit in the Arts, Culture & Humanities sector that reported $160K in total revenue in fiscal year 2018. Revenue fell 54% from the prior year — a significant decline worth monitoring. Net assets of $1.1M represent 86 months of operating reserves.

Mission

Help Americans remember and honor our veterans.

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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 (2018)

Revenue Breakdown

Contributions & Grants $100,776

Program Service Revenue $39,303

Investment Income $0

Other Revenue $19,901

TOTAL REVENUE $159,980

Expense Breakdown

Grants Paid $0

Salaries & Benefits $86,357

Fundraising Expenses $0

Program Expenses $65,505

Other Expenses $76,854

TOTAL EXPENSES $163,211

Year-over-Year Comparison

	2018	2017	Change
Revenue	$159,980	$344,114	-0.5%
Expenses	$163,211	$214,018	-0.2%
Net Income	$-3,231	$130,096	-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

Total Directors

$62,813

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kenneth Lee	President	20.00	Director	$0	$0	$0
Thomas Leeper	Director	20.00	Director	$0	$0	$0
Dennis Beal	President	20.00	Director	$0	$0	$0
Bette Nelson	Chairman	20.00	Director	$0	$0	$0
Jerry Nemec	Chairman	20.00	Director	$0	$0	$0
Tom Oleinik	Chairman	35.00	Director	$0	$0	$0
Tommy Fordyce	Director	40.00	Director	$31,733	$0	$31,733
Tara Burnett	Director	40.00	Director	$31,080	$0	$31,080
Charlotte Oleinik	Chairman	35.00	Director	$0	$0	$0
Madilene Loosier	Treasurer	20.00	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
2018	$159,980	$163,211	$1,143,063	$-3,231

HEARTS Veterans Museum of Texas