HEARTHSTONE GROUP (EIN 911707711) - 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

1996

Legal Domicile

Principal Officer

Eric Peterson

Phone

4062146013

Tax Period

2023-01-01 to 2023-12-31

HEARTHSTONE GROUP, founded in 1996, is a small nonprofit in the Housing & Shelter sector that reported $136K in total revenue in fiscal year 2023. Revenue fell 88% from the prior year — a significant decline worth monitoring. Expenses of $203K exceeded revenue, resulting in a 50% operating deficit.

Mission

Fostering of low-income housing and social services for elderly and handicapped persons.

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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 $0

Program Service Revenue $132,882

Investment Income $2,741

Other Revenue $0

TOTAL REVENUE $135,623

Expense Breakdown

Grants Paid $151,000

Salaries & Benefits $35,646

Fundraising Expenses $0

Program Expenses $202,831

Other Expenses $16,185

TOTAL EXPENSES $202,831

Year-over-Year Comparison

	2023	2022	Change
Revenue	$135,623	$1,098,789	-0.9%
Expenses	$202,831	$697,933	-0.7%
Net Income	$-67,208	$400,856	-1.2%

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

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

$28,322

Total Directors

$28,322

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mike Wornath	Exective Director	20.00	Officer Director	$0	$0	$19,513
Pastor Mike	President	1.00	Officer Director	$0	$0	$0
Rick Anderson	Vice President	1.00	Officer Director	$0	$0	$0
Eric Peterson	Exective Director	20.00	Officer Director	$0	$0	$8,809
Merrilee Valentine	Board Member	1.00	Director	$0	$0	$0
Tim German	Board Member	1.00	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
2024	No data	No data	No data	No data
2023	$135,623	$202,831	$569,936	$-67,208
2022	$1,098,789	$697,933	$634,443	$400,856
2018	$658,202	$153,432	$654,850	$504,770

HEARTHSTONE GROUP