Borrowed Hearts Foundation Inc

EIN: 811358951 501(c)(3) Human Services

Evansville, IN

Total Revenue
$154,459
Total Expenses
$171,664
Total Assets
$611,439
Net Assets
$584,228
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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
2016
Legal Domicile
IN
Tax Period
2023-01-01 to 2023-12-31

Borrowed Hearts Foundation Inc, founded in 2016, is a small nonprofit in the Human Services sector that reported $154K in total revenue in fiscal year 2023. Expenses of $172K exceeded revenue, resulting in a 11% operating deficit.

Mission

To lead the efforts in which every foster family attains the rights to clothing, hygiene, development, and a loving support system.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $154,260
Program Service Revenue $0
Investment Income $199
Other Revenue $0
TOTAL REVENUE $154,459

Expense Breakdown

Grants Paid $0
Salaries & Benefits $75,530
Fundraising Expenses $20,540
Program Expenses $90,387
Other Expenses $93,361
TOTAL EXPENSES $171,664

Year-over-Year Comparison

2023 2022 Change
Revenue $154,459 $154,459 N/A
Expenses $171,664 $163,946 +0.0%
Net Income $-17,205 $-9,487 +0.8%
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

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Governance

Voting Members
6
Independent Members
6
Employees
3
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
3
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Kasey Fuquay Board Member 0.00
Director
$0 $0 $0
Tamika Warren Board Member 0.00
Director
$0 $0 $0
Billye Beckham Executive Director 0.00
Director
$0 $0 $0
Ashley Hook Treasurer 0.00
Officer Director
$0 $0 $0
Gina Gibson President 0.00
Officer
$0 $0 $0
Daryl Marin Vice President 0.00
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 No data No data No data No data
2023 $154,459 $171,664 $611,439 $-17,205
2022 $179,522 $176,548 $642,433 $2,974
2021 $229,918 $115,181 $278,979 $114,737
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