The HEART Center (EIN 821228469) - Form 990 Financial Analysis & Trantor Score

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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

Phone

8186136394

Tax Period

2024-01-01 to 2024-12-31

The HEART Center, 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 62% from the prior year, signaling strong growth momentum. The organization ran a surplus of $225K, a strong 21% operating margin.

Mission

RECREATIONAL THERAPY

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $537,460

Program Service Revenue $528,069

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,065,529

Expense Breakdown

Grants Paid $0

Salaries & Benefits $84,849

Fundraising Expenses $0

Program Expenses $840,782

Other Expenses $755,933

TOTAL EXPENSES $840,782

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,065,529	$657,468	+0.6%
Expenses	$840,782	$618,327	+0.4%
Net Income	$224,747	$39,141	+4.7%

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

Governance

Voting Members

Independent Members

Employees

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHELSEA HARDEN	Chairman	40.00	Officer Director	$0	$0	$0
WILLIAM HARDEN	Director	2.00	Officer Director	$0	$0	$0
SUSAN LOCKE	Director	1.00	Director	$0	$0	$0
MATIANA MITCHELL	Director	1.00	Director	$0	$0	$0
ANDREA ROBERTSON	Director	1.00	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	$1,065,529	$840,782	$506,693	$224,747
2023	$657,468	$618,327	$281,946	$39,141
2022	$704,754	$642,838	$242,804	$61,916

The HEART Center