CHARLIE'S HEART FOUNDATION

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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

Principal Officer

REBECCA HOLT

Phone

7045026005

Tax Period

2024-01-01 to 2024-12-31

CHARLIE'S HEART FOUNDATION, founded in 2017, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $315K in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Net assets of $667K represent 25 months of operating reserves.

Mission

EMPOWERING FAMILIES TO STAY TOGETHER WHEN FACED WITH DIFFICULT LIFE CIRCUMSTANCES.

Program Service Accomplishments

Program 1

Expenses: $286,500

TO SUPPORT SMALL NONPROFITS BY FUNDING INNOVATIVE PROGRAMS DESIGNED TO IMPROVE THE LIVES OF AT-RISK AND VULNERABLE 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $327,591

Program Service Revenue $0

Investment Income $19,299

Other Revenue $-32,084

TOTAL REVENUE $314,806

Expense Breakdown

Grants Paid $241,000

Salaries & Benefits $0

Fundraising Expenses $24,500

Program Expenses $286,500

Other Expenses $99,821

TOTAL EXPENSES $340,821

Year-over-Year Comparison

	2024	2023	Change
Revenue	$314,806	$278,805	+0.1%
Expenses	$340,821	$319,641	+0.1%
Net Income	$-26,015	$-40,836	-0.4%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
REBECCA HOLT	DIRECTOR/PRESIDENT	15.00	Officer Director	$0	$0	$0
MICHAEL HOLT	DIRECTOR/VP/TREASURER	10.00	Officer Director	$0	$0	$0
SARA HYDEN	BOARD MEMBER	1.00	Director	$0	$0	$0
SALLY LOFTIS	BOARD MEMBER	1.00	Director	$0	$0	$0
HEATHER WALLACE	SECRETARY	10.00	Officer Director	$0	$0	$0
DIANA MOSER-BURG	BOARD MEMBER	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	$314,806	$340,821	$667,285	$-26,015
2023	$278,805	$319,641	$655,431	$-40,836
2022	$293,100	$310,435	$638,251	$-17,335
2021	$538,540	$294,093	$750,141	$244,447
2020	$515,183	$234,780	$496,355	$280,403
2019	$197,367	$65,001	$228,802	$132,366