KIND HEARTS FOR KIDS INC (EIN 833071312) - 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

2019

Legal Domicile

Principal Officer

NICOLE MITCHELL

Phone

8014039770

Tax Period

2024-01-01 to 2024-12-31

KIND HEARTS FOR KIDS INC, founded in 2019, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $103K in total revenue in fiscal year 2024. Revenue decreased 17% compared to the prior year. Expenses of $118K exceeded revenue, resulting in a 14% operating deficit.

Mission

THE PURPOSE OF THIS ORGANIZATION IS TO PROVIDE ITEMS AND/OR GIFTS TO CHILDREN/TEENS IN NEED DUE TO LIVING AND FINANCIAL CIRCUMSTANCES THROUGH FUNDRAISING, DONATIONS, GIFTS AND OTHER CONTRIBUTIONS BY PROVIDING BIRTHDAY, HOLIDAY AND GOODIE BAGS FOR CHILDREN SERVED BY DCF OFFICES IN HYANNIS, PLYMOUTH AND NEW BEDFORD. THE ORGANIZATION IS LOOKING INTO OPENING A 72-HOUR FOSTER CARE ENTRANCE HOUSE BY SEPTEMBER OF NEXT YEAR. SEVENTY-TWO HOURS REFERS TO THE TIME PERIOD DURING WHICH PARENTS OR GUARDIANS HAVE A LEGAL RIGHT TO A HEARING ON WHETHER THEIR CHILD WOULD BE IN THE FOSTER CARE. THE GOAL IS TO PROVIDE 24/7 CARE FOR YOUNGSTERS FRESHLY REMOVED FROM THEIR HOMES, SOMETIMES IN THE MIDDLE OF THE NIGHT, SO THEY DONT HAVE TO GO THROUGH MULTIPLE EMERGENCY PLACEMENTS OR WAIT IN STATE DEPARTMENT OF CHILDREN AND FAMILY SERVICES OFFICES WHILE PLACEMENTS ARE LOCATED. IDEALLY, THE ENTRANCE HOUSE WOULD BE ON THE UPPER CAPE IN THE BOURNE OR FALMOUTH AREA A FORMER SPECIAL EDUCATION TEACHER. IN ADDITION, TH

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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 $102,425

Program Service Revenue $0

Investment Income $0

Other Revenue $1,020

TOTAL REVENUE $103,445

Expense Breakdown

Grants Paid $0

Salaries & Benefits $16,658

Fundraising Expenses $2,849

Program Expenses $111,789

Other Expenses $101,094

TOTAL EXPENSES $117,752

Year-over-Year Comparison

	2024	2023	Change
Revenue	$103,445	$125,182	-0.2%
Expenses	$117,752	$111,237	+0.1%
Net Income	$-14,307	$13,945	-2.0%

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

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
NICOLE MITCHELL	EXECUTIVE DI	N/A	Officer Director	$0	$0	$0
CARLOS NEGRON	DIRECTOR	N/A	Officer Director	$0	$0	$0
LORRAINE SCHRATZ	BOARD ADVISO	N/A	Officer Director	$0	$0	$0
MAI-TAI KENNEDY	SECRETARY	N/A	Officer	$0	$0	$0
DARRIN MITCHELL	TREASURER	N/A	Officer	$0	$0	$0
KATHY RAYMOND	PRESIDENT	N/A	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	$103,445	$117,752	$31,235	$-14,307
2023	$125,182	$111,237	$55,663	$13,945
2022	$102,128	$86,265	$41,718	$15,863
2021	$84,599	$83,537	$25,855	$1,062
2020	$25,414	$18,574	$24,793	$6,840
2019	$40,314	$22,361	$17,953	$17,953

KIND HEARTS FOR KIDS INC