Hearts of Wheels

EIN: 811570076 501(c)(3) Employment

Birmingham, AL

Total Revenue
$113,866
Total Expenses
$86,023
Total Assets
$70,343
Net Assets
$70,343
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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
AL
Phone
2057460935
Tax Period
2025-01-01 to 2025-12-31

Hearts of Wheels, founded in 2016, is a micro nonprofit in the Employment sector that reported $79K in total revenue in fiscal year 2021. Revenue surged 24% from the prior year, signaling strong growth momentum. The organization ran a surplus of $17K, a strong 22% operating margin.

Mission

Donate cars to at-risk youth through our Car Ownership and Mentoring Program

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $113,866
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $113,866

Expense Breakdown

Grants Paid $73,606
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $73,606
Other Expenses $12,417
TOTAL EXPENSES $86,023

Year-over-Year Comparison

2025 2024 Change
Revenue $113,866 $59,989 +0.9%
Expenses $86,023 $78,880 +0.1%
Net Income $27,843 $-18,891 -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

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Governance

Voting Members
8
Independent Members
N/A
Employees
N/A
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
4
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RODRICK INGRAM PRESIDENT 25
Officer
$0 $0 $0
LARRY SAVAGE FOUNDER 40
Officer
$0 $0 $0
KAMARA SAVAGE EXECUTIVE DIRECTOR 25
Officer
$0 $0 $0
SHERRI RADNEY TREASURER 1
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
2025 $113,866 $86,023 $70,343 $27,843
2024 $59,989 $78,880 $42,500 $-18,891
2023 $64,126 $37,373 $61,391 $26,753
2022 $46,535 $50,818 $34,637 $-4,283
2021 $78,698 $61,736 $38,905 $16,962
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