HEARTOFDENVER (EIN 934428924) - 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

RUS HEISE

Phone

3036024981

Tax Period

2024-10-01 to 2025-09-30

HEARTOFDENVER, founded in 2023, is a small nonprofit that reported $102K in total revenue in fiscal year 2024. Revenue fell 95% from the prior year — a significant decline worth monitoring.

Mission

ADVANCE AND PROMOTE SOCIAL WELFARE FOR THE COMMUNITY BY FOSTERING EDUCATION, RESEARCH, AND COMMUNITY PARTNERSHIPS. DEDICATED TO THE COMMON GOOD OF THE PEOPLE OF COLORADO.

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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 $94,445

Program Service Revenue $0

Investment Income $7,769

Other Revenue $0

TOTAL REVENUE $102,214

Expense Breakdown

Grants Paid $81,250

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $104,186

Other Expenses $22,936

TOTAL EXPENSES $104,186

Year-over-Year Comparison

	2024	2023	Change
Revenue	$102,214	$2,251,381	-1.0%
Expenses	$104,186	$2,116,973	-1.0%
Net Income	$-1,972	$134,408	-1.0%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RUS HEISE	President	1.00	Officer Director	$0	$0	$0
JOSH HANFLING	Treasurer	1.00	Officer Director	$0	$0	$0
ENID WADE	Secretary	1.00	Officer 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	$102,214	$104,186	$132,436	$-1,972
2024	$2,251,381	$2,116,973	$134,408	$134,408

HEARTOFDENVER