QUIETMIND FOUNDATION

EIN: 233054677 501(c)(3) Health Care

EGG HARBOR, NJ

Total Revenue
$464,512
Total Expenses
$411,288
Total Assets
$82,822
Net Assets
$75,212
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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

Legal Domicile
PA
Principal Officer
MARVIN BERMAN
Phone
2674813987
Tax Period
2024-01-01 to 2024-12-31

QUIETMIND FOUNDATION is a small nonprofit in the Health Care sector that reported $465K in total revenue in fiscal year 2024. Expenses of $411K left a modest 11% surplus.

Mission

MEDICAL RESEARCH & CLINICAL TRIALS

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $464,512
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $464,512

Expense Breakdown

Grants Paid $0
Salaries & Benefits $60,539
Fundraising Expenses $0
Program Expenses $411,287
Other Expenses $350,749
TOTAL EXPENSES $411,288

Year-over-Year Comparison

2024 2023 Change
Revenue $464,512 N/A N/A
Expenses $411,288 N/A N/A
Net Income $53,224 N/A N/A
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

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Governance

Voting Members
1
Independent Members
N/A
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
0
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARVIN BERMAN President 40.00
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
2024 $464,512 $411,288 $82,822 $53,224
2021 $436,878 $415,668 $230,895 $21,210
2020 $308,394 $313,522 $122,877 $-5,128
2019 $396,799 $335,076 $81,394 $61,723
2018 $333,206 $393,161 $44,243 $-59,955
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