HEART SONG INC

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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

Principal Officer

DENISE HANKS

Phone

3197599120

Tax Period

2023-01-01 to 2023-12-31

HEART SONG INC is a small nonprofit in the Human Services sector that reported $215K in total revenue in fiscal year 2023. Revenue surged 84% from the prior year, signaling strong growth momentum. The organization ran a surplus of $82K, a strong 38% operating margin.

Mission

PROVIDE ADULT DAY CENTER AND SENIOR CENTER FOR OLDER ADULTS IN SOUTHEAST IOWA.

Program Service Accomplishments

Program 1

Expenses: $133,457

PROVIDE ADULT DAY CENTER AND SENIOR CENTER FOR OLDER ADULTS IN SOUTHEAST IOWA.

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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 $210,840

Program Service Revenue $0

Investment Income $73

Other Revenue $4,214

TOTAL REVENUE $215,127

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $133,457

Other Expenses $133,457

TOTAL EXPENSES $133,457

Year-over-Year Comparison

	2023	2022	Change
Revenue	$215,127	$116,721	+0.8%
Expenses	$133,457	$105,451	+0.3%
Net Income	$81,670	$11,270	+6.2%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIFFINI BROCKWAY	DIRECTOR	N/A	Director	$0	$0	$0
ANIL DHUNA	DIRECTOR	N/A	Director	$0	$0	$0
TINA GOODWIN	DIRECTOR	N/A	Director	$0	$0	$0
KIM GRIMSHAW	SECRETARY	N/A	Officer Director	$0	$0	$0
CAROLE HALICKI	DIRECTOR	N/A	Director	$0	$0	$0
DENISE HANKS	EXECUTIVE DI	N/A	Officer Director	$0	$0	$0
JOELLEN HOTH	DIRECTOR	N/A	Director	$0	$0	$0
FRAN JACKSON	DIRECTOR	N/A	Director	$0	$0	$0
JANE RECHKEMMER	TREASURER	N/A	Officer Director	$0	$0	$0
TERESA SALINO-HUGG	DIRECTOR	N/A	Director	$0	$0	$0
DEAN VANTIGER	DIRECTOR	N/A	Director	$0	$0	$0
JEFF WALTERS	PRESIDENT	N/A	Officer 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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$215,127	$133,457	$388,985	$81,670
2022	$116,721	$105,451	$310,583	$11,270