Heart Gallery of Tampa Inc

EIN: 814802754 501(c)(3) Human Services

Tampa, FL

Total Revenue
$1,115,022
Total Expenses
$706,209
Total Assets
$1,518,253
Net Assets
$1,514,896
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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
2017
Legal Domicile
FL
Principal Officer
Keyur Patel
Phone
8139305345
Tax Period
2024-01-01 to 2024-12-31

Heart Gallery of Tampa Inc, founded in 2017, is a community nonprofit in the Human Services sector that reported $1.1M in total revenue in fiscal year 2024. Revenue surged 108% from the prior year, signaling strong growth momentum. The organization ran a surplus of $409K, a strong 37% operating margin.

Mission

Through photographic exhibits, the Heart Gallery of Tampa introduces our community to foster children awaiting adoptive families. We provide a platform to inspire our community to improve their quality of life and connect them with Forever Families.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,255,116
Program Service Revenue $0
Investment Income $49,668
Other Revenue $-189,762
TOTAL REVENUE $1,115,022

Expense Breakdown

Grants Paid $0
Salaries & Benefits $404,129
Fundraising Expenses $43,661
Program Expenses $621,241
Other Expenses $302,080
TOTAL EXPENSES $706,209

Year-over-Year Comparison

2024 2023 Change
Revenue $1,115,022 $537,075 +1.1%
Expenses $706,209 $589,264 +0.2%
Net Income $408,813 $-52,189 -8.8%
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
7
Independent Members
7
Employees
6
Volunteers
75

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
5
$82,730
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Trey Carswell Director 3.00
Director
$0 $0 $0
Nicole Hubbard Director 3.00
Director
$0 $0 $0
David Murray Chair 5.00
Officer Director
$0 $0 $0
Jennifer Renspie Secretary 3.00
Officer Director
$0 $0 $0
Amy Pezzicara Director 3.00
Director
$0 $0 $0
Natasha Nascimento Vice Chair 3.00
Officer Director
$0 $0 $0
Keyur Patel Treasurer 4.00
Officer Director
$0 $0 $0
Lindsay Hermida Executive Director 40.00
Officer
$82,730 $0 $82,730
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
2024 $1,115,022 $706,209 $1,518,253 $408,813
2023 $537,075 $589,264 $1,267,002 $-52,189
2022 $959,690 $505,635 $1,158,272 $454,055
2021 $490,504 $398,265 $853,094 $92,239
2020 $518,210 $343,232 $657,571 $174,978
2019 $286,495 $377,001 $481,378 $-90,506
2018 $469,245 $303,046 $517,686 $166,199
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