Heartspace Clinic (EIN 810810970) - 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

2015

Legal Domicile

Principal Officer

Laura Wacker

Phone

5734427856

Tax Period

2024-01-01 to 2024-12-31

Heartspace Clinic, founded in 2015, is a small nonprofit in the Mental Health sector that reported $251K in total revenue in fiscal year 2024. Revenue surged 74% from the prior year, signaling strong growth momentum. The organization ran a surplus of $52K, a strong 21% operating margin.

Mission

HeartSpace Clinic is a non-profit organization offering compassionate, trauma-informed training, consultation and direct services. We are committed to helping our community members build resilience when affected by acute and cumulative stress and trauma. We work with individuals, families, schools, groups and organizations.

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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 $217,111

Program Service Revenue $32,391

Investment Income $1,200

Other Revenue $0

TOTAL REVENUE $250,702

Expense Breakdown

Grants Paid $0

Salaries & Benefits $167,121

Fundraising Expenses $1,390

Program Expenses $185,979

Other Expenses $31,744

TOTAL EXPENSES $198,865

Year-over-Year Comparison

	2024	2023	Change
Revenue	$250,702	$144,355	+0.7%
Expenses	$198,865	$160,668	+0.2%
Net Income	$51,837	$-16,313	-4.2%

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

N/A

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Matt Gonzalez	Director	5.00	Director	$0	$0	$0
Laura Wacker	President	5.00	Officer	$0	$0	$0
Stephanie Drouin	Secretary	5.00	Officer	$0	$0	$0
Jill Graham	Treasurer	5.00	Officer	$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	$250,702	$198,865	$79,896	$51,837

Heartspace Clinic