TFG HEARTWOOD INC (EIN 843833603) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2019

Legal Domicile

Principal Officer

PETER DICKSON

Phone

6036781156

Tax Period

2023-01-01 to 2023-12-31

TFG HEARTWOOD INC, founded in 2019, is a small nonprofit in the Education sector that reported $176K in total revenue in fiscal year 2023. Revenue fell 56% from the prior year — a significant decline worth monitoring. Expenses of $272K exceeded revenue, resulting in a 55% operating deficit.

Mission

DEDICATED TO CRAFT AND TO EXCELLENCE IN TEACHING THE BUILDING ARTS AND OPEN TO YOUNG AND OLD, MEN AND WOMEN FROM ALL WALKS OF LIFE.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,305

Program Service Revenue $173,690

Investment Income $0

Other Revenue $512

TOTAL REVENUE $175,507

Expense Breakdown

Grants Paid $5,710

Salaries & Benefits $162,675

Fundraising Expenses $0

Program Expenses $164,490

Other Expenses $104,032

TOTAL EXPENSES $272,417

Year-over-Year Comparison

	2023	2022	Change
Revenue	$175,507	$394,630	-0.6%
Expenses	$272,417	$310,402	-0.1%
Net Income	$-96,910	$84,228	-2.2%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$113,400

Total Directors

$1,800

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREA WARCHAIZER	DIRECTOR	1.00	Director	$0	$0	$1,800
BRICE COCHRAN	DIRECTOR	1.00	Director	$0	$0	$0
CELESTE SCHAEFER-BERNARD	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
CHRISTINE BENSON	DIRECTOR	1.00	Director	$0	$0	$0
DENNIS MARCOM	PRESIDENT	1.00	Officer Director	$0	$0	$0
GRIGG MULLEN JR	DIRECTOR	1.00	Director	$0	$0	$0
PETER DICKSON	TREASURER	1.00	Officer Director	$0	$0	$0
STEPHEN MORRISON	CLERK	1.00	Officer Director	$0	$0	$0
NEIL GODDEN	EXECUTIVE DIRECTOR	20.00	Officer	$113,400	$0	$113,400

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
2023	$175,507	$272,417	No data	$-96,910
2022	$394,630	$310,402	$179,327	$84,228
2021	$274,205	$214,610	$90,114	$59,595

TFG HEARTWOOD INC