GREAT HEARTS FLORIDA INC (EIN 920285718) - 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

Legal Domicile

Principal Officer

MATTHEW BUSHARD

Phone

6024387045

Tax Period

2024-07-01 to 2025-06-30

GREAT HEARTS FLORIDA INC, founded in 2022, is a micro nonprofit in the Education sector that reported $72K in total revenue in fiscal year 2024. Revenue fell 78% from the prior year — a significant decline worth monitoring. Expenses of $236K exceeded revenue, resulting in a 225% operating deficit.

Mission

TO OPERATE EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE PURPOSES OF ITS SUPPORTED ORGANIZATION, GREATHEARTS AMERICA, A 501(C)(3) PUBLIC CHARITY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $72,500

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $72,500

Expense Breakdown

Grants Paid $0

Salaries & Benefits $141,477

Fundraising Expenses $0

Other Expenses $94,088

TOTAL EXPENSES $235,565

Year-over-Year Comparison

	2024	2023	Change
Revenue	$72,500	$335,000	-0.8%
Expenses	$235,565	$353,189	-0.3%
Net Income	$-163,065	$-18,189	+8.0%

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

$1,168,251

Total Directors

$1,034,602

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAY HEILER	PRESIDENT	2.00	Officer Director	$0	$23,050	$456,750
DANIEL SCOGGIN	SECRETARY	2.00	Officer Director	$0	$25,882	$382,530
MATTHEW BUSHARD	TREASURER	2.00	Officer Director	$0	$17,237	$195,322
JASON DOUGHTY	DIR GROWTH &	40.00	Officer	$115,684	$17,965	$133,649

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	$72,500	$235,565	$4,134	$-163,065
2024	$335,000	$353,189	$14,261	$-18,189

GREAT HEARTS FLORIDA INC