Friends of HART Inc (EIN 931202971) - 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

MARLYS CARTER

Phone

5036937815

Tax Period

2023-07-01 to 2024-06-30

Friends of HART Inc, founded in 1996, is a small nonprofit in the Arts, Culture & Humanities sector that reported $185K in total revenue in fiscal year 2023. Revenue surged 103% from the prior year, signaling strong growth momentum. The organization ran a surplus of $99K, a strong 54% operating margin.

Mission

PRODUCED PLAYS AND PERFORMANCES FOR THE COMMUNITY USING RESOURCES OF OVER 400 VOLUNTEERS, ACTORS, STAGE CREWS AND ORGANIZERS

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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 $99,528

Program Service Revenue $0

Investment Income $134

Other Revenue $85,603

TOTAL REVENUE $185,265

Expense Breakdown

Grants Paid $418

Salaries & Benefits $21,999

Fundraising Expenses $0

Program Expenses $16,671

Other Expenses $63,400

TOTAL EXPENSES $85,817

Year-over-Year Comparison

	2023	2022	Change
Revenue	$185,265	$91,391	+1.0%
Expenses	$85,817	$56,245	+0.5%
Net Income	$99,448	$35,146	+1.8%

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

400

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

$9,250

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EMILY MARCUS	SECRETARY	1.00	Officer Director	$0	$0	$0
WILLIAM CRAWFORD	PRESIDENT	1.00	Officer Director	$0	$0	$0
MARLYS CARTER	TREASURER	1.00	Officer Director	$0	$0	$0
APRIL AASHEIM	VICE PRESIDENT	1.00	Director	$0	$0	$0
HARRIS BUTLER	ARTISTIC DIRECTOR	0.00	Director	$9,250	$0	$9,250

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	$185,265	$85,817	$216,241	$99,448

Friends of HART Inc