HEARTBEATS FOR PATCHES INC

EIN: 831148780 501(c)(3) Youth Development

MIAMI, FL

Total Revenue
$183,292
Total Expenses
$187,212
Total Assets
$36,175
Net Assets
$32,767
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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

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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 (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

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Governance

Voting Members
5
Independent Members
5
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
2
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
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
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