SPECIAL HEARTS FARM INC (EIN 823474757) - 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

Principal Officer

KATHY MEENA

Phone

4076549624

Tax Period

2024-01-01 to 2024-12-31

SPECIAL HEARTS FARM 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 20% from the prior year, signaling strong growth momentum. The organization ran a surplus of $423K, a strong 37% operating margin.

Mission

THE ORGANIZATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE, RELIGIOUS, EDUCATIONAL, OR SCIENTIFIC PURPOSES UNDER SECTION 501(C)3 OF THE INTERNAL REVENUE CODE OR CORRESPONDING SECTION OF ANY FUTURE TAX CODE. THE ORGANIZATION INTENDS TO CARRY OUT ITS EXEMPT PURPOSE BY SERVING INDIVIDUALS WITH DISABILITIES AND UNIQUE ABILITIES AND PROVIDING ADULT TRAINING, SUPPORTED EMPLOYMENT, AND POSSIBLE ENTREPRENEURIAL OPPORTUNITIES RELATED TO FARMING AND GARDENING EXPERIENCES.

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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 $327,155

Program Service Revenue $588,330

Investment Income $12,337

Other Revenue $207,256

TOTAL REVENUE $1,135,078

Expense Breakdown

Grants Paid $0

Salaries & Benefits $475,849

Fundraising Expenses $0

Program Expenses $550,878

Other Expenses $235,908

TOTAL EXPENSES $711,757

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,135,078	$942,489	+0.2%
Expenses	$711,757	$612,977	+0.2%
Net Income	$423,321	$329,512	+0.3%

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

280

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
BOBBY BEAGLES	DIRECTOR	0.00	Director	$0	$0	$0
JENNIFER ELLIOTT	VICE PRESIDE	15.00	Officer Director	$0	$0	$0
CLEM LAMARCHE	DIRECTOR	0.00	Director	$0	$0	$0
PAMELA MARTINI	DIRECTOR	0.00	Director	$0	$0	$0
KATHY MEENA	PRESIDENT	40.00	Officer Director	$0	$0	$0
ROB SPRINGER	DIRECTOR	0.00	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	$1,135,078	$711,757	$2,355,454	$423,321
2023	$942,489	$612,977	$2,000,403	$329,512
2023	$942,489	$612,977	$2,000,403	$329,512
2022	$811,211	$487,046	$1,481,944	$324,165
2021	$615,542	$385,230	$1,168,911	$230,312
2020	$308,330	$198,004	$310,359	$110,326
2019	$252,428	$188,885	$175,308	$63,543

SPECIAL HEARTS FARM INC