THE NAKED HEART FOUNDATION

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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

2004

Legal Domicile

Principal Officer

FRANCOIS CHATEAU

Phone

8452674800

Tax Period

2023-01-01 to 2023-12-31

THE NAKED HEART FOUNDATION, founded in 2004, is a community nonprofit in the International Affairs sector that reported $1.2M in total revenue in fiscal year 2023. Revenue surged 55088% from the prior year, signaling strong growth momentum. Expenses of $1.1M left a modest 10% surplus.

Mission

TO SUPPORT THE CONSTRUCTION OF MODERN PLAYGROUNDS PROVIDING A SAFEENVIRONMENT FOR CHILDREN TO PLAY AND TO SUPPORT FAMILIES WITH DISABLEDCHILDREN AND FAMILIES AND CHILDREN WITH SPECIAL CIRCUMSTANCES.

Program Service Accomplishments

Program 1

Expenses: $1,048,543

DURING THE YEAR ENDED DECEMBER 31, 2023, THE NAKED HEART FOUNDATIONSUPPORTED THROUGH GRANTS AFFILIATED ORGANIZATIONS WHO RESEARCH COMMUNITIESIN NEED OF PLAYGROUNDS FOR CHILDREN. THE FOUNDATION...

DURING THE YEAR ENDED DECEMBER 31, 2023, THE NAKED HEART FOUNDATIONSUPPORTED THROUGH GRANTS AFFILIATED ORGANIZATIONS WHO RESEARCH COMMUNITIESIN NEED OF PLAYGROUNDS FOR CHILDREN. THE FOUNDATION SUPPORTED THE DESIGNOF PLAYGROUNDS TO FIT THOSE NEEDS. MONEY WAS RAISED BY THE FOUNDATION TOSUPPORT THE CONSTRUCTION OF THE PLAYGROUNDS AND TO MAINTAIN THE PLAYGROUNGSFOR THE BENEFIT OF UNDERPRIVELEGED CHILDREN. THE FOUNDATION ALSO SUPPORTEDTHOSE AFFILIATED ORGANIZATIONS IN THEIR "EVERY CHILD DESERVES A FAMILY"PROGRAM WHICH AIMS to end the sad tradition of institutionalizing childrenwith special needs.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,190,114

Program Service Revenue $0

Investment Income $7,476

Other Revenue $0

TOTAL REVENUE $1,197,590

Expense Breakdown

Grants Paid $1,048,543

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,048,543

Other Expenses $27,712

TOTAL EXPENSES $1,076,255

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,197,590	$2,170	+550.9%
Expenses	$1,076,255	$298,709	+2.6%
Net Income	$121,335	$-296,539	-1.4%

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
FRANCOIS CHATEAU	Secretary	1.00	Officer Director	$0	$0	$0
NATALIA VODIANOVA	President & CEO	10.00	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
2025	No data	No data	No data	No data
2023	$1,197,590	$1,076,255	$142,573	$121,335
2021	$199,053	$811,669	$313,457	$-612,616
2020	$622,837	$76,788	$939,133	$546,049
2019	$577,005	$991,209	$378,523	$-414,204
2018	$480,625	$527,011	$792,726	$-46,386