HEARTS CONNECTION (EIN 770490433) - 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

1997

Legal Domicile

Principal Officer

MATT GJERDE

Phone

6613289055

Tax Period

2024-07-01 to 2025-06-30

HEARTS CONNECTION, founded in 1997, is a small nonprofit in the Human Services sector that reported $584K in total revenue in fiscal year 2024. Revenue surged 29% from the prior year, signaling strong growth momentum. Expenses of $497K left a modest 15% surplus.

Mission

SUPPORT FOR SPECIAL NEEDS CHILDREN AND THEIR FAMILIES. H.E.A.R.T.S. CONNECTION PROVIDES A FAMILY RESCOURCE CENTER TO ASSIST FAMILIES WITH CHILDREN WITH SPECIAL NEEDS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $571,924

Program Service Revenue $0

Investment Income $0

Other Revenue $12,058

TOTAL REVENUE $583,982

Expense Breakdown

Grants Paid $0

Salaries & Benefits $358,136

Fundraising Expenses $6,534

Program Expenses $381,145

Other Expenses $138,409

TOTAL EXPENSES $496,545

Year-over-Year Comparison

	2024	2023	Change
Revenue	$583,982	$452,822	+0.3%
Expenses	$496,545	$427,649	+0.2%
Net Income	$87,437	$25,173	+2.5%

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

$63,999

Total Directors

$63,999

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATT GJERDE	PRESIDENT	1.00	Officer Director	$0	$0	$0
LEE KNOTTS	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ANA GOMEZ	SECRETARY	1.00	Officer Director	$0	$0	$0
STEFAN WAGGONER	TREASURER	1.00	Officer Director	$0	$0	$0
CARINA BURCIAGA	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTINE FRANCIS	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN GRAHAM	DIRECTOR OF ORGANIZATION	40.00	Officer Director	$63,999	$0	$63,999
SHAWN KENNEMER	DIRECTOR	1.00	Director	$0	$0	$0
BRINN LITTLE	DIRECTOR	1.00	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	$583,982	$496,545	$323,047	$87,437
2024	No data	No data	No data	No data
2023	$360,359	$337,614	$195,455	$22,745
2022	$337,419	$301,598	$229,170	$35,821
2021	$217,943	$221,638	$135,100	$-3,695
2020	$174,182	$232,971	$139,048	$-58,789
2019	$219,406	$232,833	$196,991	$-13,427
2018	$282,986	$299,078	$216,442	$-16,092

HEARTS CONNECTION