Matthews Hearts of Hope Inc

Nonprofit profile at a glance

EIN
453984506
IRS 990-EZ coverage
2015–2024
Forms available
Form 990-EZ 2024, Form 990-N 2014
Location
Sherman, CT, USA
Phone
8609577086
Rating
83
Verdict
STRONG
Rating confidence
Moderate
Sector
Health Support Services

Official website

Reported finances

Revenue
$25,376
Expenses
$40,640
Assets
$163,295
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

8 people listed

Executive titles in this filing

  • MARIE HATCHER (PRESIDENT/CO-FOUNDER)
  • MICHAEL HATCHER (VICE PRESIDENT/CO-FOUNDER)

People named in this filing

  • MICHAEL SYNDER MD (DIRECTOR)
  • KEVIN FERGUSON (DIRECTOR)
  • CHARLES TIMBERLAKE (DIRECTOR)

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 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The goals of matthew's hearts of hope are to raise awareness to the number one birth defect, congenital heart defects (chd), offer support to chd patients and their families, as well as raise funds for research. We fund promising chd being done by pediatric cardiology fellows at various chd programs in the northeast. Mhoh seeks to support chd warriors and their families, honor chd angels and make a real and lasting difference with this disease.

What it reported doing in 2024

We have delivered thousands of "hug a heart" pillows to morgan stanley children's hospital of New York, the children's hospital of philadephia, westchester medical center, boston children's hospital and Connecticut children's medical center. The "hug a heart" pillows not only help comfort chd warriors when they are in the hospital, they also help give the children something to hug and hold onto, to get some relief when coughing or some much needed rest. Our goal for our "hug a heart" pillows is to help take away some of the pain following surgery and the uneasiness of being in a hospital and to let these brave fighters know people are thinking and praying for their recovery.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 97% of its reported program spending out as grants.

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 program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 94
  • Transparency & Controls: 82
  • Sustainability: 43
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 84.1%; rating input score 84

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -60.2%; rating input score 11; 11th percentile among comparable filings
  • Total-asset coverage ratio: 4.02; rating input score 80; 80th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: -4.2% per year; rating input score 0; 37th percentile among comparable filings
  • Revenue growth: -7.3% per year; rating input score 0; 29th percentile among comparable filings
  • Asset growth: 6.4% per year; rating input score 100; 62nd percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 84.1% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 2 filed program accomplishments · $34K in reported program spending
  • Leadership: top reported pay $0 · 8 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 9 filing years from 2015 to 2024
  • 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.

  • High — Sustainability: Operating margin scored 11/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.