HEARTS CRI MICHIGAN INC RHONDA R T… - Form 990 Financial Data

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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

2019

Legal Domicile

Principal Officer

RHONDA R TRASK

Phone

8109860178

Tax Period

2024-01-01 to 2024-12-31

HEARTS CRI MICHIGAN INC RHONDA R TRASK, founded in 2019, is a micro nonprofit in the Human Services sector that reported $11K in total revenue in fiscal year 2024. Revenue fell 81% from the prior year — a significant decline worth monitoring. Expenses of $21K exceeded revenue, resulting in a 86% operating deficit.

Mission

TO CONNECT, RESOURCE AND INSPIRE ON BEHALF OF CHILDREN IN FOSTER CARE, AS WELL AS THOSE FROM AT-RISK, LOW INCOME HOUSEHOLDS OR COMMUNITIES, AND TO PARTNER WITH THOSE WORKING TO SAVE YOUNG PEOPLE FROM SEX TRAFFICKING.

Program Service Accomplishments

Program 1

VARIOUS OUTREACH EVENTS WERE ATTENDED AND HELD IN 2024 TO FURTHER OUR MISSION TO CONNECT, RESOURCE AND INSPIRE ON BEHALF OF CHILDREN.

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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 $11,351

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $11,351

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,647

Other Expenses $21,155

TOTAL EXPENSES $21,155

Year-over-Year Comparison

	2024	2023	Change
Revenue	$11,351	$60,189	-0.8%
Expenses	$21,155	$25,414	-0.2%
Net Income	$-9,804	$34,775	-1.3%

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

N/A

Volunteers

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
CARLTON D GREEN	TREASURER	1.00	Officer	$0	$0	$0
JEANNA ROSEN	SECRETARY	1.00	Officer	$0	$0	$0
RHONDA R TRASK	PRESIDENT	15.00	Officer	$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	$11,351	$21,155	$28,466	$-9,804
2023	$60,189	$25,414	$38,270	$34,775

HEARTS CRI MICHIGAN INC RHONDA R TRASK