HEARTS Veterans Museum of Texas

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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

Liesa Hackett

Phone

9362955959

Tax Period

2025-01-01 to 2025-12-31

HEARTS Veterans Museum of Texas, founded in 1999, is a small nonprofit in the Arts, Culture & Humanities sector that reported $289K in total revenue in fiscal year 2025. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $272K left a modest 6% surplus.

Mission

To help American remember and honor our Veterans

Program Service Accomplishments

Program 1

Expenses: $119,415 Revenue: $69,114

To help every American remember through historical and educational presentaions of this nation

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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 (2025)

Revenue Breakdown

Contributions & Grants $211,647

Program Service Revenue $57,403

Investment Income $0

Other Revenue $20,000

TOTAL REVENUE $289,050

Expense Breakdown

Grants Paid $0

Salaries & Benefits $150,906

Fundraising Expenses $0

Program Expenses $119,415

Other Expenses $121,215

TOTAL EXPENSES $272,121

Year-over-Year Comparison

	2025	2024	Change
Revenue	$289,050	$251,508	+0.1%
Expenses	$272,121	$260,044	+0.0%
Net Income	$16,929	$-8,536	-3.0%

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

$61,044

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Tara Burnett	Director	40.00	Director	$61,044	$0	$61,044
Larry Bishop	President	20.00	Director	$0	$0	$0
Thomas Leeper	Vice President	20.00	Director	$0	$0	$0
Liesa Hackett	Secretary	20.00	Director	$0	$0	$0
Bette Nelson	Emeritus Director	20.00	Director	$0	$0	$0
Larry Bishop	Director	20.00	Director	$0	$0	$0
Les Hagan	Director	20.00	Director	$0	$0	$0
John Nixon	Director	20.00	Director	$0	$0	$0
Roger Burnett	Director	20.00	Director	$0	$0	$0
Jerald Vaughn	Director	20.00	Director	$0	$0	$0
Bobby Broneske	Director	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
2025	$289,050	$272,121	$1,015,717	$16,929
2018	$159,980	$163,211	$1,143,063	$-3,231