HEART-SV (EIN 931656528) - 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

ARMANDO SANCHEZ

Phone

6502045640

Tax Period

2024-07-01 to 2025-06-30

HEART-SV, founded in 2023, is a small nonprofit in the Community Improvement sector that reported $393K in total revenue in fiscal year 2024. Expenses of $604K exceeded revenue, resulting in a 53% operating deficit.

Mission

HEART-SV'S MISSION IS TO ACQUIRE, FINANCE, OPERATE, AND SUSTAIN WORKFORCE AND OTHER PUBLIC BENEFIT HOUSING PROGRAMS THAT EXPAND ACCESS TO STABLE, AFFORDABLE HOMES FOR LOW- TO MODERATE-INCOME AND ESSENTIAL WORKERS IN THE REGION.

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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 $0

Program Service Revenue $380,306

Investment Income $12,644

Other Revenue $503

TOTAL REVENUE $393,453

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $547,951

Other Expenses $603,662

TOTAL EXPENSES $603,662

Year-over-Year Comparison

	2024	2023	Change
Revenue	$393,453	N/A	N/A
Expenses	$603,662	N/A	N/A
Net Income	$-210,209	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

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

$232,066

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL BROWNRIGG	CHAIR	1.00	Officer Director	$0	$0	$0
DIANE HOWARD	VICE CHAIR	1.00	Officer Director	$0	$0	$0
GLENN R SYLVESTER	TREASURER	1.00	Officer Director	$0	$0	$0
DAVE HOPKINS	DIRECTOR	1.00	Director	$0	$0	$0
JACK MATTHEWS	DIRECTOR	1.00	Director	$0	$0	$0
BART PANTOJA	DIRECTOR	1.00	Director	$0	$0	$0
KARYL ELDRIDGE	DIRECTOR	1.00	Director	$0	$0	$0
LARRY FRANZELLA	DIRECTOR	1.00	Director	$0	$0	$0
NANCY MAGEE	DIRECTOR	1.00	Director	$0	$0	$0
ELAN SCHEINMAN	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT MOREHEAD	DIRECTOR	1.00	Director	$0	$0	$0
ELAINE BREEZE	DIRECTOR	1.00	Director	$0	$0	$0
ANDERS FUNG	DIRECTOR	1.00	Director	$0	$0	$0
LISA DIAZ NASH	DIRECTOR	1.00	Director	$0	$0	$0
MARY BIER	DIRECTOR	1.00	Director	$0	$0	$0
NOELIA CORZO	DIRECTOR	1.00	Director	$0	$0	$0
CLIFF LENTZ	DIRECTOR	1.00	Director	$0	$0	$0
JAMES COLEMAN	DIRECTOR	1.00	Director	$0	$0	$0
SARA MCDOWELL	DIRECTOR	1.00	Director	$0	$0	$0
LISA GAUTHIER	DIRECTOR	1.00	Director	$0	$0	$0
ARMANDO SANCHEZ	EXECUTIVE DI	10.00	Officer	$0	$0	$232,066

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	$393,453	$603,662	$3,605,753	$-210,209

HEART-SV