Heartworks Inc
Rochester, Minnesota
Financial Health Score
9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.
Good
How This Organization Compares
Compared to 2 peers in Health Care with <$100K revenue
Working Capital Ratio (net assets ÷ expenses)
Financial Trends
5-Year Trend Analysis
Financial Health Indicators
Filing History
4 filings on record| Year | Revenue | Expenses | Assets | |
|---|---|---|---|---|
| 2023 | $8,360,311↑369% | $6,431,659↑479% | $3,130,188↑164% | — |
| 2022 | $1,782,113↑108% | $1,111,294↑207% | $1,184,023↑131% | — |
| 2021 | $856,840↑4531% | $361,616↑68911% | $513,204↑2754% | — |
| 2020 | $18,504 | $524 | $17,980 | — |
Frequently Asked Questions
What does Heartworks Inc do?▼
Heartworks Inc is a health care nonprofit organization based in Minnesota. It is classified under NTEE code E60 and is registered as a 501(c) tax-exempt organization with the IRS.
Is Heartworks Inc financially healthy?▼
Based on our 9-metric Financial Health Score model, Heartworks Inc has a score of 72/100 (Grade: B+). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.
How much revenue does Heartworks Inc generate?▼
Revenue data for Heartworks Inc is sourced from IRS filings. Detailed financial breakdowns may be available on the organization's Form 990.
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