The Michael Wolk Heart Foundation Inc (EIN 133409988) - 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

1987

Legal Domicile

Tax Period

2021-09-01 to 2022-08-31

The Michael Wolk Heart Foundation Inc, founded in 1987, is a micro nonprofit in the Medical Research sector that reported $26K in total revenue in fiscal year 2021. Revenue fell 96% from the prior year — a significant decline worth monitoring. Expenses of $948K exceeded revenue, resulting in a 3549% operating deficit.

Mission

THE FOUNDATIONS GOAL IS TO IMPROVE PATIENT CARE BY ENCOURAGING PHYSICIANS TO ENTER THE CLINICIAL INVESTAGATIVE CAREERS AND THEREBY MAINTAIN THE PACE OF SIGNIFICANT GAINS IN CARDIOVASCULAR MEDICAL RESEARCH

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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 (2021)

Revenue Breakdown

Contributions & Grants $203,999

Program Service Revenue $0

Investment Income $-178,008

Other Revenue $0

TOTAL REVENUE $25,991

Expense Breakdown

Grants Paid $901,271

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $901,271

Other Expenses $47,121

TOTAL EXPENSES $948,392

Year-over-Year Comparison

	2021	2020	Change
Revenue	$25,991	$597,065	-1.0%
Expenses	$948,392	$469,612	+1.0%
Net Income	$-922,401	$127,453	-8.2%

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
LORIE SLUTSKY	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERT SPIEGEL	BOARD MEMBER	1.00	Director	$0	$0	$0
PETER STRIANO	BOARD MEMBER	1.00	Director	$0	$0	$0
EDWARD MARRAM	BOARD MEMBER	1.00	Director	$0	$0	$0
STEVEN RICHMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL SCHWARTZ	BOARD MEMBER	1.00	Director	$0	$0	$0
DOUG ALLEN	BOARD MEMBER	1.00	Director	$0	$0	$0
FRAYDUN MANOCHERIAN	BOARD MEMBER	1.00	Director	$0	$0	$0
GREG MANOCHERIAN	BOARD MEMBER	1.00	Director	$0	$0	$0
SCOTT WEINER	BOARD MEMBER	1.00	Director	$0	$0	$0
CHARLES YASSKY	BOARD MEMBER	1.00	Director	$0	$0	$0
BONIFACE ZAINO	BOARD MEMBER	1.00	Director	$0	$0	$0
BRUCE GALLAGER	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN GOLDEN	BOARD MEMBER	1.00	Director	$0	$0	$0
EDWARD BRAMSON	BOARD MEMBER	1.00	Director	$0	$0	$0
ABBY WOLK	BOARD MEMBER	2.00	Director	$0	$0	$0
MICHAEL ARATEN	BOARD MEMBER	0.00	Director	$0	$0	$0
FRANCIS GREENBURGER	BOARD MEMBER	1.00	Director	$0	$0	$0
GARY JACOB	BOARD MEMBER	1.00	Director	$0	$0	$0
LAWRENCE KATZ	BOARD MEMBER	1.00	Director	$0	$0	$0
LAWRENCE GREAV	BOARD MEMBER	1.00	Director	$0	$0	$0
NEIL GRABOIS	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL WOLK	PRESIDENT	1.00	Officer Director	$0	$0	$0
ROBERT WOLK	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
RICHARD GLAZER	TREASURER	1.00	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
2022	$25,991	$948,392	$2,295,225	$-922,401
2021	$597,065	$469,612	$2,664,426	$127,453
2020	$259,891	$73,397	$2,184,172	$186,494
2019	$444,435	$172,176	$1,843,624	$272,259
2018	$370,858	$107,811	$1,879,287	$263,047

The Michael Wolk Heart Foundation Inc