TFG HEARTWOOD INC (EIN 922419006) - 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

PETER DICKSON

Phone

6036781156

Tax Period

2023-01-04 to 2023-12-31

TFG HEARTWOOD INC, founded in 2023, is a small nonprofit in the Education sector that reported $338K in total revenue in fiscal year 2023. The organization ran a surplus of $135K, a strong 40% operating margin.

Mission

DEDICATED TO CRAFT AND TO EXCELLENCE IN TEACHING THE BUILDING ARTS AND OPEN TO YOUNG AND OLD, MEN AND WOMEN FROM ALL WALKS OF LIFE.

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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 $37,130

Program Service Revenue $182,763

Investment Income $105,629

Other Revenue $12,353

TOTAL REVENUE $337,875

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,800

Fundraising Expenses $0

Program Expenses $154,417

Other Expenses $200,976

TOTAL EXPENSES $202,776

Year-over-Year Comparison

	2023	2022	Change
Revenue	$337,875	N/A	N/A
Expenses	$202,776	N/A	N/A
Net Income	$135,099	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

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

$113,400

Total Directors

$1,800

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREA WARCHAIZER	DIRECTOR	1.00	Director	$1,800	$0	$1,800
BRICE COCHRAN	DIRECTOR	1.00	Director	$0	$0	$0
CELESTE SCHAEFER-BERNARD	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
CHRISTINE BENSON	DIRECTOR	1.00	Director	$0	$0	$0
DENNIS MARCOM	PRESIDENT	1.00	Officer Director	$0	$0	$0
GRIGG MULLEN JR	DIRECTOR	1.00	Director	$0	$0	$0
PETER DICKSON	TREASURER	1.00	Officer Director	$0	$0	$0
STEPHEN MORRISON	CLERK	1.00	Officer Director	$0	$0	$0
NEIL GODDEN	EXECUTIVE DIRECTOR	20.00	Officer	$0	$0	$113,400

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	$337,875	$202,776	$238,639	$135,099

TFG HEARTWOOD INC