HEARTWOOD RESOURCES (EIN 931329192) - 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

2002

Legal Domicile

Principal Officer

ERICA MILLS

Phone

5416734909

Tax Period

2024-01-01 to 2024-12-31

HEARTWOOD RESOURCES, founded in 2002, is a small nonprofit in the Environment sector that reported $563K in total revenue in fiscal year 2024. Expenses of $538K left a modest 4% surplus.

Mission

TO PROVIDE LOW-COST BUILDING MATERIALS TO INDIVIDUALS BY SELLING RECYCLED BUILDING MATERIAL

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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 $7,500

Program Service Revenue $555,371

Investment Income $0

Other Revenue $0

TOTAL REVENUE $562,871

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $404,578

Other Expenses $538,277

TOTAL EXPENSES $538,277

Year-over-Year Comparison

	2024	2023	Change
Revenue	$562,871	$565,501	0.0%
Expenses	$538,277	$614,152	-0.1%
Net Income	$24,594	$-48,651	-1.5%

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

$170,269

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELENA LININGER	CHAIR	1.00	Officer Director	$0	$0	$0
BRITTANY WEERHEIM	VICE CHAIR	1.00	Officer Director	$0	$0	$0
STEVE LOSSLEY	TREASURER	1.00	Officer Director	$0	$0	$0
DEBORA LIGHTCAP	SECRETARY	1.00	Officer Director	$0	$0	$0
JACOB WINN	BOARD MEMBER	1.00	Director	$0	$0	$0
DAWN MILLS	BOARD MEMBER	1.00	Director	$0	$0	$0
ADAM ADAMSON	BOARD MEMBER	1.00	Director	$0	$0	$0
MARAJAN COESTER	BOARD MEMBER	1.00	Director	$0	$0	$0
ERICA MILLS	CEO	5.00	Officer	$0	$31,041	$170,269

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	$562,871	$538,277	$274,001	$24,594
2023	$565,501	$614,152	$296,607	$-48,651
2022	$618,517	$576,436	$327,134	$42,081
2020	$521,990	$423,049	$466,779	$98,941
2019	$587,334	$524,192	$355,650	$63,142
2018	$458,198	$488,922	$180,749	$-30,724

HEARTWOOD RESOURCES