HEARTWOOD ALC

EIN: 812803042 501(c)(3) Education

AVONDALE ESTATES, GA

Total Revenue
$910,151
Total Expenses
$947,336
Total Assets
$157,359
Net Assets
$150,623
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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
GA
Phone
4044418822
Tax Period
2023-06-01 to 2024-05-31

HEARTWOOD ALC, founded in 2016, is a small nonprofit in the Education sector that reported $910K in total revenue in fiscal year 2023. Revenue surged 318% from the prior year, signaling strong growth momentum.

Mission

WE PROVIDED EDUCATIONAL SERVICES TO ABOUT 30 STUDENTS IN OUR COMMUNITY.

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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 $821,698
Program Service Revenue $85,568
Investment Income $15
Other Revenue $2,870
TOTAL REVENUE $910,151

Expense Breakdown

Grants Paid $0
Salaries & Benefits $62,325
Fundraising Expenses $5,700
Program Expenses $931,933
Other Expenses $885,011
TOTAL EXPENSES $947,336

Year-over-Year Comparison

2023 2022 Change
Revenue $910,151 $217,879 +3.2%
Expenses $947,336 $202,809 +3.7%
Net Income $-37,185 $15,070 -3.5%
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
4
Independent Members
7
Employees
2
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
0
$0
Total Directors
4
$37,359
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JULIA CORDERO EX-OFFICIO 40.00
Director
$37,359 $0 $37,359
MERCER CARLIN President 1.00
Director
$0 $0 $0
KATHRYN BRANNON VP INT. AFFAIRS 2.00
Director
$0 $0 $0
ABBY OULTON BOARD MEMBER 2.00
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
2024 $910,151 $947,336 $157,359 $-37,185
2023 $942,856 $927,786 $197,728 $15,070
2022 $227,211 $170,478 $189,472 $56,733
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