HEARTBEATS FOR PATCHES INC

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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

Principal Officer

JENNIFER RESNICK

Phone

3054954833

Tax Period

2023-01-01 to 2023-12-31

HEARTBEATS FOR PATCHES INC is a small nonprofit in the Youth Development sector that reported $183K in total revenue in fiscal year 2023.

Mission

SUPPORTING MEDICAL CARE FOR MEDICALLY FRAGILE UNDERPRIVILEDGED

Program Service Accomplishments

Program 1

Expenses: $153,367

THE ORGANIZATION SUPPORTS THE MEDICAL CARE FOR MEDICALLY FRAGILE UNDERPRIVILEDGED CHILDREN BY PARTICIPATING IN AND DONATING TO PPEC

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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 (2023)

Revenue Breakdown

Contributions & Grants $35,935

Program Service Revenue $0

Investment Income $0

Other Revenue $147,357

TOTAL REVENUE $183,292

Expense Breakdown

Grants Paid $132,814

Salaries & Benefits $0

Fundraising Expenses $24,381

Program Expenses $153,367

Other Expenses $54,398

TOTAL EXPENSES $187,212

Year-over-Year Comparison

	2023	2022	Change
Revenue	$183,292	N/A	N/A
Expenses	$187,212	N/A	N/A
Net Income	$-3,920	N/A	N/A

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
JENNIFER RESNICK	DIRECTOR	2.00	Officer Director	$0	$0	$0
SUSAN MALCA	DIRECTOR	2.00	Director	$0	$0	$0
ANN LYONS	DIRECTOR	2.00	Officer Director	$0	$0	$0
SALLY RUSSOMANNO	DIRECTOR	2.00	Director	$0	$0	$0
PAMELA RODRIGUEZ	DIRECTOR	2.00	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	No data	No data	No data	No data
2023	$183,292	$187,212	$36,175	$-3,920
2018	$73,219	$66,500	$8,313	$6,719