Heart Walk Foundation
Heart Walk Foundation faces declining revenue and consistent deficit spending in recent years.
EIN: 201918290 · St George, UT · NTEE: P80 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $61K |
| Total Expenses | $100K |
| Program Spending | 80% |
| Net Assets | $164K |
| Transparency Score | 70/100 |
Is Heart Walk Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Heart Walk Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Heart Walk Foundation
Heart Walk Foundation (EIN: 201918290) is a nonprofit organization based in St George, UT, classified under NTEE code P80. The organization reported total revenue of $61K and total assets of $131K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Heart Walk Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Heart Walk Foundation is a micro nonprofit that has been operating for 21 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $67K |
| Total Expenses | $100K |
| Surplus / Deficit | $-33,165 |
| Total Assets | $164K |
| Net Assets | $164K |
| Operating Margin | -49.7% |
| Months of Reserves | 19.7 months |
Financial Health Grade: B
In 2023, Heart Walk Foundation reported a deficit of $33K with expenses exceeding revenue, holds 19.7 months of operating reserves (strong position).
Financial Trends
Over 12 years of filings (2011–2023), Heart Walk Foundation's revenue has grown at a compound annual growth rate (CAGR) of 2.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -23.1% | -2.1% | -16.8% |
| 2022 | -13.9% | +24.2% | +12.9% |
| 2020 | -17.2% | -15.9% | +11.5% |
| 2019 | +4.4% | +1100.3% | +18.2% |
| 2018 | -9.5% | -92.9% | +44.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Heart Walk Foundation with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Heart Walk Foundation allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $33K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that no officers or key employees receive salaries from the organization. This is a strong positive, suggesting that all funds are directed towards the organization's mission rather than administrative overhead for leadership.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Heart Walk Foundation's IRS 990 filings:
- Declining revenue trend: Revenue has fallen from $129,104 in 2017 to $66,785 in 2023.
- Consistent deficit spending: Expenses have exceeded revenue in multiple recent years (e.g., $99,950 expenses vs. $66,785 revenue in 2023; $102,135 expenses vs. $86,867 revenue in 2022).
- Recent asset drawdown: Assets decreased from $197,252 in 2022 to $164,087 in 2023, likely to cover operational deficits.
Strengths
The following positive indicators were identified for Heart Walk Foundation:
- Zero officer compensation: No salaries paid to officers, indicating efficient use of funds.
- No liabilities: The organization has reported $0 liabilities for most of the past decade, demonstrating strong financial management and no debt burden.
- Consistent IRS 990 filing history: 12 filings indicate a commitment to transparency and compliance.
- Significant asset growth over the long term: Assets grew from $35,379 in 2013 to $164,087 in 2023, despite recent declines.
Frequently Asked Questions about Heart Walk Foundation
Is Heart Walk Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Heart Walk Foundation (EIN: 201918290) some concerns. Mission Score: 70/100. 3 red flags identified, 4 strengths noted.
How does Heart Walk Foundation spend its money?
Heart Walk Foundation directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Heart Walk Foundation tax-deductible?
Heart Walk Foundation is registered as a tax-exempt nonprofit (EIN: 201918290). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Heart Walk Foundation's spending goes to programs?
Heart Walk Foundation directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Heart Walk Foundation compare to similar nonprofits?
With a transparency score of 70/100 (Good), Heart Walk Foundation is above average for NTEE category P80 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Heart Walk Foundation located?
Heart Walk Foundation is headquartered in St George, Utah and files with the IRS under EIN 201918290. It is classified under NTEE code P80.
How many years of IRS 990 filings does Heart Walk Foundation have?
Heart Walk Foundation has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $61K in total revenue.
Why has Heart Walk Foundation's revenue declined significantly since 2017?
The organization's revenue peaked at $129,104 in 2017 but has steadily decreased to $66,785 in 2023. This trend needs further investigation to understand the underlying causes, such as changes in fundraising strategies or donor base.
How does Heart Walk Foundation cover its expenses when they exceed revenue?
In 2023, expenses were $99,950 while revenue was $66,785, resulting in a deficit. Similarly, in 2022, expenses were $102,135 against $86,867 in revenue. This suggests the organization is drawing down its assets to cover operational costs, as evidenced by the asset decrease from $197,252 in 2022 to $164,087 in 2023.
What are the specific program activities funded by Heart Walk Foundation?
While the NTEE code P80 indicates 'Diseases, Disorders, Medical Disciplines, General,' the provided financial data does not detail the specific programs or services Heart Walk Foundation provides. Understanding these would help assess the impact of their spending.
What is the long-term sustainability plan given the current financial trends?
With declining revenue and consistent deficit spending in recent years, the organization's long-term financial sustainability could be at risk if these trends continue. A strategic plan to increase revenue or reduce expenses would be crucial.
Filing History
IRS 990 filing history for Heart Walk Foundation showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Heart Walk Foundation's revenue has grown by 27.8%, moving from $52K to $67K. Total assets increased by 201.9% over the same period, from $54K to $164K. Total functional expenses rose by 88.9%, from $53K to $100K. In its most recent filing year (2023), Heart Walk Foundation reported a deficit of $33K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $67K | $100K | $164K | $0 | — | View 990 |
| 2022 | $87K | $102K | $197K | $0 | — | View 990 |
| 2020 | $101K | $82K | $175K | $0 | — | View 990 |
| 2019 | $122K | $98K | $157K | $0 | — | View 990 |
| 2018 | $117K | $8K | $133K | $0 | — | View 990 |
| 2017 | $129K | $115K | $92K | $0 | — | View 990 |
| 2016 | $83K | $72K | $77K | $0 | — | View 990 |
| 2015 | $114K | $88K | $66K | $0 | — | View 990 |
| 2014 | $78K | $68K | $41K | $0 | — | View 990 |
| 2013 | $62K | $78K | $35K | $5K | — | View 990 |
| 2012 | $46K | $45K | $48K | $930 | — | View 990 |
| 2011 | $52K | $53K | $54K | $9K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $67K, expenses of $100K, and assets of $164K (revenue -23.1% year-over-year).
- 2022: Revenue of $87K, expenses of $102K, and assets of $197K (revenue -13.9% year-over-year).
- 2020: Revenue of $101K, expenses of $82K, and assets of $175K (revenue -17.2% year-over-year).
- 2019: Revenue of $122K, expenses of $98K, and assets of $157K (revenue +4.4% year-over-year).
- 2018: Revenue of $117K, expenses of $8K, and assets of $133K (revenue -9.5% year-over-year).
- 2017: Revenue of $129K, expenses of $115K, and assets of $92K (revenue +55.8% year-over-year).
- 2016: Revenue of $83K, expenses of $72K, and assets of $77K (revenue -27.1% year-over-year).
- 2015: Revenue of $114K, expenses of $88K, and assets of $66K (revenue +45.3% year-over-year).
- 2014: Revenue of $78K, expenses of $68K, and assets of $41K (revenue +25.8% year-over-year).
- 2013: Revenue of $62K, expenses of $78K, and assets of $35K (revenue +34.4% year-over-year).
- 2012: Revenue of $46K, expenses of $45K, and assets of $48K (revenue -11.4% year-over-year).
- 2011: Revenue of $52K, expenses of $53K, and assets of $54K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Heart Walk Foundation:
Data Sources and Methodology
This transparency report for Heart Walk Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.