Kindred Hearts Foundation (EIN 874685680) - 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

2023

Legal Domicile

Principal Officer

Haley Bagnashi

Phone

5305391612

Tax Period

2022-07-01 to 2023-06-30

Kindred Hearts Foundation, founded in 2023, is a community nonprofit in the Human Services sector that reported $1.0M in total revenue in fiscal year 2022. The organization ran a surplus of $367K, a strong 36% operating margin.

Mission

Kindred Hearts Inc. mission is to uplift our most vulnerable children and families through vital postadoption support, fostering resilience and stability for both children and parents. By offering essential connections, therapy, and education, we not only empower families but also enrich and fortify our community.

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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 $11,265

Program Service Revenue $1,007,277

Investment Income $5

Other Revenue $0

TOTAL REVENUE $1,018,547

Expense Breakdown

Grants Paid $0

Salaries & Benefits $255,803

Fundraising Expenses $0

Program Expenses $579,275

Other Expenses $395,977

TOTAL EXPENSES $651,780

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,018,547	N/A	N/A
Expenses	$651,780	N/A	N/A
Net Income	$366,767	N/A	N/A

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

$36,515

Total Directors

$36,515

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Haley Bagnashi	President & ED	40.00	Officer Director	$23,296	$1,800	$25,096
Traci Baker	Vice President	40.00	Officer Director	$10,800	$619	$11,419
Nicholle Patrick	Vice President	2.00	Officer Director	$0	$0	$0
Sheri Wiggins	Secretary	2.00	Officer Director	$0	$0	$0
Joseph Burruss	Treasurer	2.00	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	$1,018,547	$651,780	$367,578	$366,767

Kindred Hearts Foundation