Heartspring Legacy Foundation (EIN 920657491) - 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

2021

Legal Domicile

Phone

3166348700

Tax Period

2023-07-01 to 2024-06-30

Heartspring Legacy Foundation, founded in 2021, is a mid-sized nonprofit in the Education sector that reported $10.2M in total revenue in fiscal year 2023. The organization ran a surplus of $9.7M, a strong 95% operating margin.

Mission

TO FINANCIALLY SUPPORT THE VARIOUS ACTIVITIES AND PROJECTS OF ITS SOLE MEMBER, HEARTSPRING, INC.

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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 $9,376,239

Program Service Revenue $0

Investment Income $803,893

Other Revenue $0

TOTAL REVENUE $10,180,132

Expense Breakdown

Grants Paid $462,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $462,000

Other Expenses $35,195

TOTAL EXPENSES $497,195

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,180,132	N/A	N/A
Expenses	$497,195	N/A	N/A
Net Income	$9,682,937	$0	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

N/A

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

$381,175

Total Directors

$381,175

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CRYSTAL HOUGH	CFO HEARTSPRING - SEC./TREAS./DIRECTOR	1.0	Officer Director	$0	$13,719	$192,868
GREG HOWELL	CHAIRPERSON/DIRECTOR	1.0	Officer Director	$0	$0	$0
KENNY BUI	COO HEARTSPRING - SEC./TREAS. - END 04/2024	1.0	Officer Director	$0	$28,274	$188,307
ALAN HOWARTER	DIRECTOR	1.0	Director	$0	$0	$0
DONALD GLENN	DIRECTOR	1.0	Director	$0	$0	$0
JEREMY MACHAIN	EX-OFFICIO DIRECTOR	1.0	Director	$0	$0	$0
JOHN ENGELS	DIRECTOR	1.0	Director	$0	$0	$0
ROBERT HARBISON	DIRECTOR	1.0	Director	$0	$0	$0
ROGER ZELLERS	DIRECTOR	1.0	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	$10,180,132	$497,195	$10,415,612	$9,682,937

Heartspring Legacy Foundation