HEARTS FOR HEARTS INC (EIN 883461748) - 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

2022

Principal Officer

JAKE LEVINSKI

Phone

2088698784

Tax Period

2023-01-01 to 2023-12-31

HEARTS FOR HEARTS INC, founded in 2022, is a micro nonprofit in the Health Care sector that reported $8K in total revenue in fiscal year 2023. Revenue surged 119% from the prior year, signaling strong growth momentum. The organization ran a surplus of $5K, a strong 68% operating margin.

Mission

RELEIVE SOME OF THE FINANCIAL BURDEN ON FAMILIES BY PROVIDING HOUSING IN THE SALT LAKE CITY, UT AREA DURING THE RECOVERY PERIOD AFTER HEART SURGERY

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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 $6,853

Program Service Revenue $705

Investment Income $0

Other Revenue $0

TOTAL REVENUE $7,558

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,927

Other Expenses $2,408

TOTAL EXPENSES $2,408

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,558	$3,450	+1.2%
Expenses	$2,408	$407	+4.9%
Net Income	$5,150	$3,043	+0.7%

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

Governance

Voting Members

Independent Members

N/A

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
DONALD BATUBENGA	DIRECTOR	3.00	Director	$0	$0	$0
JOE EQUSQUIZA	DIRECTOR	2.00	Director	$0	$0	$0
MARY JO LARZELIER	DIRECTOR	3.00	Director	$0	$0	$0
JAKE LEVINSKI	DIRECTOR	5.00	Director	$0	$0	$0
TREVOR MELIGAN	DIRECTOR	3.00	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
2023	$7,558	$2,408	$8,193	$5,150

HEARTS FOR HEARTS INC