HEALING HEARTS RESCUE

EIN: 834485315 501(c)(3) Animal-Related

CRYSTAL, MN

Total Revenue
$609,471
Total Expenses
$394,867
Total Assets
$276,840
Net Assets
$255,030
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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
MN
Principal Officer
Laura Flaherty
Tax Period
2023-01-01 to 2023-12-31

HEALING HEARTS RESCUE, founded in 2019, is a small nonprofit in the Animal-Related sector that reported $609K in total revenue in fiscal year 2023. Revenue surged 51% from the prior year, signaling strong growth momentum. The organization ran a surplus of $215K, a strong 35% operating margin.

Mission

Rescue of abandoned dogs and cats for healing and finding a home.

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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 (2023)

Revenue Breakdown

Contributions & Grants $150,376
Program Service Revenue $458,837
Investment Income $258
Other Revenue $0
TOTAL REVENUE $609,471

Expense Breakdown

Grants Paid $0
Salaries & Benefits $19,377
Fundraising Expenses $0
Program Expenses $394,867
Other Expenses $375,490
TOTAL EXPENSES $394,867

Year-over-Year Comparison

2023 2022 Change
Revenue $609,471 $402,788 +0.5%
Expenses $394,867 $323,700 +0.2%
Net Income $214,604 $79,088 +1.7%
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
2
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
6
$18,000
Total Directors
2
$18,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Laura Flaherty Co-President 40.00
Officer Director
$12,000 $0 $12,000
Lacey Mantovani Co-President 25.00
Officer Director
$6,000 $0 $6,000
David Stamps Chairman of the Board 2.00
Officer
$0 $0 $0
Natalie Ratzlaff Secretary 2.00
Officer
$0 $0 $0
Lori Knisely Board Member 2.00
Officer
$0 $0 $0
Kathy Meyer Treasurer 2.00
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 No data No data No data No data
2023 $609,471 $394,867 $276,840 $214,604
2022 $402,788 $323,700 $247,681 $79,088
2021 $370,627 $324,405 $168,593 $46,222
2020 $354,317 $251,016 $135,357 $103,301
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