Village HeartBEAT (EIN 834305640) - 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

2020

Legal Domicile

Principal Officer

Rev Jordan Boyd

Tax Period

2023-01-01 to 2023-12-31

Village HeartBEAT, founded in 2020, is a community nonprofit in the Diseases & Disorders sector that reported $1.2M in total revenue in fiscal year 2023. Revenue surged 334% from the prior year, signaling strong growth momentum. Expenses of $1.1M left a modest 12% surplus.

Mission

The Village HeartBEAT (Building Education & Accountability Together) program is a collaborative program organized to reduce risk-factors associated with cardiovascular disease (CVD) through Faith-Based Organizations (FBO) in Mecklenburg County. The overarching goal is to invest in FBOs as mutual business partners to adopt effective and sustainable policy, systems and environmental change (PSE) strategies to enhance healthier lifestyle choices, develop tobacco-free sites, implement sustainable physical activities and nutritional options. VHB incorporates a 10-month FBOs competition team challenge that uses a community-based framework to provide tools and resources to improve healthy outcomes.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,200,964

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,200,964

Expense Breakdown

Grants Paid $0

Salaries & Benefits $456,798

Fundraising Expenses $36,166

Program Expenses $847,478

Other Expenses $601,351

TOTAL EXPENSES $1,058,149

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,200,964	$276,508	+3.3%
Expenses	$1,058,149	$381,376	+1.8%
Net Income	$142,815	$-104,868	-2.4%

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

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

$89,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Joelle Dugue	Executive Dir.	40.00	Officer	$89,000	$0	$89,000
Rev Jordan Boyd	Chair	0.00	Officer Director	$0	$0	$0
Rev Dr Ricky Woods	Vice Chair	0.00	Officer Director	$0	$0	$0
Rev Dr Dennis Williams	Finance Chair	0.00	Officer Director	$0	$0	$0
Dr Sheldon Shipman	Director	0.00	Director	$0	$0	$0
Dr Cathey Jones	Director	0.00	Director	$0	$0	$0
Rev Donnie Garris	Director	0.00	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	$1,200,964	$1,058,149	$142,679	$142,815
2022	$276,508	$381,376	$1,360	$-104,868
2021	$206,161	$109,781	$100,805	$96,380

Village HeartBEAT