EAST GRAND RAPIDS HEARTS OF GOLD (EIN 991284069) - 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

2024

Legal Domicile

Principal Officer

ELLEN CHERVENY

Phone

6164509544

Tax Period

2025-01-01 to 2025-12-31

EAST GRAND RAPIDS HEARTS OF GOLD, founded in 2024, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $103K in total revenue in fiscal year 2025. Expenses of $99K left a modest 4% surplus.

Mission

THE PURPOSE OR PURPOSES FOR WHICH THE CORPORATION IS ORGANIZED ARE: CREATE A COMMUNITY FUNDRAISER WHERE STUDENTS, PARENTS, EDUCATORS, ADMINISTRATORS AND COMMUNITY MEMBERS COME TOGETHER TO RAISE FUNDS AND GENERATE AWARENESS FOR A NONPROFIT ORGANIZATION IN THE GREATER GRAND RAPIDS, MI AREA. EAST GRAND RAPIDS HEARTS OF GOLD UNDERSCORES THE IMPORTANCE OF PHILANTHROPY AND MAKING A CONTRIBUTION TOWARDS THE WELFARE OF OTHERS. THE PROGRAM HAS BROUGHT ATTENTION TO THE CAPACITY OF EVERY INDIVIDUAL, REGARDLESS OF AGE, TO MAKE A POSITIVE DIFFERENCE.

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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 (2025)

Revenue Breakdown

Contributions & Grants $102,953

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $102,953

Expense Breakdown

Grants Paid $73,300

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $98,881

Other Expenses $25,653

TOTAL EXPENSES $98,953

Year-over-Year Comparison

	2025	2024	Change
Revenue	$102,953	N/A	N/A
Expenses	$98,953	N/A	N/A
Net Income	$4,000	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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SARAH CALNAN	TREASURER	5.00	Officer Director	$0	$0	$0
ELLEN CHERVENY	PRESIDENT	5.00	Officer Director	$0	$0	$0
KERRY HEGELE	SECRETARY	5.00	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	$102,953	$98,953	$4,000	$4,000

EAST GRAND RAPIDS HEARTS OF GOLD