HEARTBRIDGE FOUNDATION INC

EIN: 832415088 501(c)(3)

SPRING, TX

Total Revenue
$741,445
Total Expenses
$1,276,665
Total Assets
$166,382
Net Assets
$-461,293
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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
TX
Principal Officer
HOWARD TAILOR
Phone
7135283535
Tax Period
2020-01-01 to 2020-12-31

HEARTBRIDGE FOUNDATION INC, founded in 2019, is a small nonprofit that reported $741K in total revenue in fiscal year 2020. Expenses of $1.3M exceeded revenue, resulting in a 72% operating deficit.

Mission

HOUSING AND TRAINING FOR TROUBLED AND ABUSED BOYS.

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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 (2020)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $741,445
Investment Income $0
Other Revenue $0
TOTAL REVENUE $741,445

Expense Breakdown

Grants Paid $0
Salaries & Benefits $511,083
Fundraising Expenses $0
Program Expenses $1,218,974
Other Expenses $594,752
TOTAL EXPENSES $1,276,665

Year-over-Year Comparison

2020 2019 Change
Revenue $741,445 N/A N/A
Expenses $1,276,665 N/A N/A
Net Income $-535,220 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
10
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
0
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HOWARD TAYLOR HOUSTON, TX 77060 40.00
Director
$0 $0 $0
TABITHA TAYLOR HOUSTON, TX 77060 40.00
Director
$0 $0 $0
ERROL WILLIAMS HOUSTON, TX 77060 5.00
Director
$0 $0 $0
ALICIA FOSTER HOUSTON, TX 77060 5.00
Director
$0 $0 $0
HELENA WASHINGTON HOUSTON, TX 77060 5.00
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
2020 $741,445 $1,276,665 $166,382 $-535,220
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