Inspired Hearts and Hands Inc (EIN 834023500) - 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

Phone

7242306378

Tax Period

2024-01-01 to 2024-12-31

Inspired Hearts and Hands Inc, founded in 2019, is a small nonprofit in the Human Services sector that reported $645K in total revenue in fiscal year 2024. Revenue surged 32% from the prior year, signaling strong growth momentum.

Mission

Conscientious, collaborative, and inspired stewards forcused on leveraging their collective hearts, hands, and dedicated resources to continuously enhance and impact the quality of life for individuals facing economic hardship and food insecurity

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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 $494,083

Program Service Revenue $0

Investment Income $1,031

Other Revenue $150,045

TOTAL REVENUE $645,159

Expense Breakdown

Grants Paid $0

Salaries & Benefits $73,210

Fundraising Expenses $13,864

Program Expenses $591,844

Other Expenses $570,025

TOTAL EXPENSES $643,235

Year-over-Year Comparison

	2024	2023	Change
Revenue	$645,159	$489,376	+0.3%
Expenses	$643,235	$428,610	+0.5%
Net Income	$1,924	$60,766	-1.0%

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

1019

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

$60,150

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mindy Schnitgen	Executive Director	40.00	Officer	$57,337	$0	$57,337
Kim McBride	Board Member	1.00	Officer	$2,813	$0	$2,813
Julie Demacio	Secretary	1.00	Director	$0	$0	$0
Jodie Halin	President	1.00	Officer Director	$0	$0	$0
Anne-Marie Megela	Treasurer	1.00	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	$645,159	$643,235	$477,674	$1,924
2023	$489,376	$428,610	$548,958	$60,766
2022	$376,955	$365,461	$118,681	$11,494
2021	$250,267	$203,564	$83,381	$46,703

Inspired Hearts and Hands Inc