2Hearts
Nonprofit profile at a glance
- EIN
- 383886498
- IRS 990-EZ coverage
- 2016–2022
- Forms available
- Form 990-EZ 2022, Form 990-N 2014
- Location
- Denver, CO, USA
- Phone
- 7202632593
- Rating
- 80
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Patient Services - Entertainment, Recreation
Reported finances
- Revenue
- $8,979
- Expenses
- $60,617
- Assets
- $39,418
Source: IRS Form 990-EZ. Selected filing: tax year 2022. Amounts in USD.
Leadership & pay
9 people listed
Executive titles in this filing
- Molly Wallrich BSN RN CPN (President)
People named in this filing
- Jamie Gulick MSW (Executive Dir.)
- Heather M Anderson (Executive Dir.)
- Molly Wallrich BSN RN CPN (President)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2022. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The mission of 2HEARTS is to provide an open and supportive environment for children and young adults with congential heart disease (CHD) and their families. 2HEARTS aims to minimize the emotional burden on youth with CHD by educating and supporting their journey from childhood to adulthood.
What it reported doing in 2022
Materials and Publications:2HEARTS created and distributes Parent Checklists. This checklist helps caregivers keep track of the many details and avenues that need to be pursued to ensure their child receives the best care possible. 2HEARTS also created a workbook which provides more detailed and comprehensive information for teens. 2HEARTS make these materials available for free at Childrens Hospital Colorado and at RockyMountain Childrens Hospital. 2HEARTS also makes them available to all camps that work with youth with CHD each summer.Additionally, with the help of cardiologists from Childrens Hospital Colorado and UCHealth, 2HEARTS created a CHD and dental hygiene brochure. 2HEARTS continues to make it a priority to focus on dental hygiene/good dental care for our teens and families with CHD. Colorado Childrens Hospital has seen a very high incidence of endocarditis in the last few years for CHD patients. This is an infection of the inner lining of the heart or heart valves. People with CHD are at a particularly high risk. It can be very dangerous. 2HEARTS make this brochure available for free at Childrens Hospital Colorado and at Rocky Mountain Childrens Hospital.Another 2HEARTS publication that provides education is the book, Connected at the Heart. At a 2HEARTS workshop, a group of teens with CHD wrote a story they wished theyd had as young children. The process has been very meaningful for the adolescents who wrote the stories, and the resulting book is now serving as a source of inspiration and hope for others who live with CHD. It continues to be distributed at hospitals in Colorado for free and available for purchase through Amazon and our website.
Operating model
- Revenue model
- Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 89
- Transparency & Controls: 82
- Sustainability: 17
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 70.1%; rating input score 70
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -575.1%; rating input score 3; 3rd percentile among comparable filings
- Total-asset coverage ratio: 0.65; rating input score 32; 32nd percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 12.5% per year; rating input score 100; 76th percentile among comparable filings
- Revenue growth: -11.8% per year; rating input score 0; 24th percentile among comparable filings
- Asset growth: -0.2% per year; rating input score 0; 38th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 70.1% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 3 filed program accomplishments · $42K in reported program spending
- Leadership: top reported pay $0 · 9 people listed
- Consistency: 6 of 6 current checks pass
- Schedules: 2 filed schedules
- Filing history: 6 filing years from 2016 to 2022
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- High — Sustainability: Operating margin scored 3/100.
- High — Growth: Revenue growth scored 0/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 32/100.
- High — Growth: Asset growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.