HEART OF BOARDWALK

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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

1989

Legal Domicile

Principal Officer

DAVID BARNES

Phone

3038308805

Tax Period

2022-07-01 to 2023-06-30

HEART OF BOARDWALK, founded in 1989, is a small nonprofit in the Human Services sector that reported $658K in total revenue in fiscal year 2022. Revenue fell 40% from the prior year — a significant decline worth monitoring. Expenses of $807K exceeded revenue, resulting in a 23% operating deficit.

Mission

TO TRANSFORM LIVES BY PROVIDING SUPPORTIVE MEMBER-CENTERED, CULTURALLY RESPONSIVE MENTAL HEALTH, WELLNESS AND RECOVERY SERVICES.

Program Service Accomplishments

Program 1

Expenses: $650,074 Revenue: $229,211

DROP-IN PROGRAM WHICH SERVES OVER 500 PEOPLE AND PROVIDES SOCIALIZATION, RECREATIONAL CLASSES, DENTAL & EYECARE, MEDICAL SCREENING, ADVOCACY AND HOMELESS OUTREACH FOR INDIVIDUALS WITH MENTAL ILLNESS. WE ALSO HAVE AN OUTPATIENT CLINIC WHICH PROVIDES COUNSELING, MEDICATION AND CRISIS MANAGEMENT TO INDIVIDUALS WITH MENTAL ILLNESS. THE CLINIC SERVES OVER 50 INDIVIDUALS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $408,825

Program Service Revenue $229,084

Investment Income $9,400

Other Revenue $10,996

TOTAL REVENUE $658,305

Expense Breakdown

Grants Paid $0

Salaries & Benefits $601,114

Fundraising Expenses $71,600

Program Expenses $650,074

Other Expenses $206,295

TOTAL EXPENSES $807,409

Year-over-Year Comparison

	2022	2021	Change
Revenue	$658,305	$1,095,262	-0.4%
Expenses	$807,409	$907,400	-0.1%
Net Income	$-149,104	$187,862	-1.8%

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

$93,947

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL LOTT-MANIER	PRESIDENT	4.00	Officer Director	$0	$0	$0
MARAH BELTZ	VICE PRESIDENT	4.00	Officer Director	$0	$0	$0
RANDI SMITH	SECRETARY	4.00	Officer Director	$0	$0	$0
AMANDA KEARNEY-SMITH	TREASURER	4.00	Officer Director	$0	$0	$0
BROOKE POWERS	IMMEDIATE PAST PRESIDENT	4.00	Officer Director	$0	$0	$0
DEB WANGERIN	BOARD MEMBER	2.00	Director	$0	$0	$0
HANNAH CAPLAN	BOARD MEMBER	2.00	Director	$0	$0	$0
JOSE REYES	BOARD MEMBER	2.00	Director	$0	$0	$0
TY SMITH	BOARD MEMBER	2.00	Director	$0	$0	$0
JIM GOEBELBECKER	EXECUTIVE DIRECTOR UNTIL OCT. 2022	40.00	Officer	$72,383	$0	$72,383
DAVID BARNES	EXECUTIVE DIRECTOR SINCE OCT. 2022	40.00	Officer	$17,775	$3,789	$21,564

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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$658,305	$807,409	$514,239	$-149,104
2022	$1,095,262	$907,400	$661,430	$187,862
2021	$927,800	$760,258	$527,147	$167,542
2020	$805,420	$827,335	$502,624	$-21,915
2019	$735,404	$819,819	$390,618	$-84,415
2018	$779,660	$762,354	$475,158	$17,306