SAN ANTONIO, TX
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)HEARTS NEED ART, founded in 2016, is a small nonprofit that reported $114K in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year. Expenses of $177K exceeded revenue, resulting in a 56% operating deficit.
HEARTS NEED ART'S MISSION IS TO CREATE MOMENTS OF JOY, SELF-EXPRESSION, AND CONNECTION WITH THOSE FACING LIFE-ALTERING HEALTH CHALLENGES THROUGH ARTS ENGAGEMENT, ADVOCACY, AND INNOVATION. HEARTS NEED ART PROGRAMS POSITIVELY IMPACT THE HEALTHCARE EXPERIENCE BY REDUCING ANXIETY, DEPRESSION, AND FEELINGS OF ISOLATION.
ART CLASSES - PROVIDES VISUAL ARTS EXPERIENCES FOR PATIENTS AND CAREGIVERS IN THE HOSPITALS. HEARTS NEED ART PROVIDES ART KITS FOR NEWLY DIAGNOSED PATIENTS.
ARTIST DEVELOPMENT - HEARTS NEED ART PROMOTES TRAINING FOR PROFESSIONAL ARTISTS AND MUSICIANS ON HOW TO SAFELY WORK WITH PATIENTS AND CAREGIVERS IN A HEALTH CARE ENVIRONMENT. IN ADDTION TO AN...
ARTIST DEVELOPMENT - HEARTS NEED ART PROMOTES TRAINING FOR PROFESSIONAL ARTISTS AND MUSICIANS ON HOW TO SAFELY WORK WITH PATIENTS AND CAREGIVERS IN A HEALTH CARE ENVIRONMENT. IN ADDTION TO AN ORIENTATION FOR NEW ARTISTS, THE ORGANIZATION PROVIDES MONTHLY WORKSHOPS AND ONGOING TRAINING OPPORTUNITIES.
MUSIC - HEARTS NEED ART PROVIDES MUSIC PROGRAMS TO PATIENTS AND CAREGIVERS. BEDSIDE MUSIC OFFERS LIVE PERFORMANCES OF PREFERENTIAL MUSIC AND PROVIDES MUSIC INSTRUCTIONS FOR PATIENTS AND CAREGIVERS IN...
MUSIC - HEARTS NEED ART PROVIDES MUSIC PROGRAMS TO PATIENTS AND CAREGIVERS. BEDSIDE MUSIC OFFERS LIVE PERFORMANCES OF PREFERENTIAL MUSIC AND PROVIDES MUSIC INSTRUCTIONS FOR PATIENTS AND CAREGIVERS IN THE HOSPITAL. CORRIDOR CONCERTS PROVIDES LIVE PERFORMANCES IN COMMON AREA OF THE HOSPITAL FOR PATIENTS AND CAREGIVERS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $113,509 | $133,883 | -0.2% |
| Expenses | $176,572 | $372,096 | -0.5% |
| Net Income | $-63,063 | $-238,213 | -0.7% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| TRACY COWDEN | SECRETARY | 2.00 |
Director
|
$0 | $0 | $0 |
| LAUREL DIXON | PRESIDENT | 2.00 |
Director
|
$0 | $0 | $0 |
| AMANDA BUDYACH | TREASURER | 2.00 |
Director
|
$0 | $0 | $0 |
| CLAUDIA MARULANDA | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| CHELSEA FELLOWS | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| JAQUELANNE REAM | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| ELIZABETH ANDERSON | INTERIM EXECUTIVE DIRECTOR | 30.00 |
Officer
|
$8,750 | $0 | $8,750 |
| RICHARD WILMORE | FORMER EXECUTIVE DIRECTOR | 5.00 |
|
$16,949 | $0 | $16,949 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $113,509 | $176,572 | No data | $-63,063 |
| 2023 | $133,883 | $372,096 | $68,095 | $-238,213 |
| 2022 | $423,270 | $234,334 | $304,596 | $188,936 |
| 2021 | $220,512 | $186,747 | $116,118 | $33,765 |
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