TAKE HEART ASSOCIATION PROJECT INC (EIN 260053157) - 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

2002

Legal Domicile

Principal Officer

Solomon M Musyimi

Phone

2818140141

Tax Period

2023-01-01 to 2023-12-31

TAKE HEART ASSOCIATION PROJECT INC, founded in 2002, is a small nonprofit in the Health Care sector that reported $745K in total revenue in fiscal year 2023. Revenue surged 316% from the prior year, signaling strong growth momentum.

Mission

To provide heart diagnostic testing, medication, surgery, surgery-related costs and accommodations for poor children in East Africa.

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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 $744,711

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $744,711

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $742,489

Other Expenses $747,121

TOTAL EXPENSES $747,121

Year-over-Year Comparison

	2023	2022	Change
Revenue	$744,711	$178,955	+3.2%
Expenses	$747,121	$187,859	+3.0%
Net Income	$-2,410	$-8,904	-0.7%

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

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
Thomas Kumenda MD	Director	5	Director	$0	$0	$0
Kae Dakin	Director	2	Director	$0	$0	$0
Irene Mutembui	Director	1	Director	$0	$0	$0
Michael Liske MD	Medical Advisor	0	Director	$0	$0	$0
Anne James Boyd MD	Advisory Board Member	0	Director	$0	$0	$0
Marilyn James	Advisory Board Member	0	Director	$0	$0	$0
Alexander MacNab	Advisory Board Member	3	Director	$0	$0	$0
Gretchen Miner	Board Member	1.00	Director	$0	$0	$0
Liza George	Board Member	1	Director	$0	$0	$0
Spencer Mitchell	Director	2.00	Director	$0	$0	$0
Karla Brown	Advisory Board Member	2	Director	$0	$0	$0
Wendy Mwandia	Advisory Member	1	Director	$0	$0	$0
Paul Ngugi	Advisory Board Member	1	Director	$0	$0	$0
Solomon Musyimi	President	10	Officer	$0	$0	$0
Barbara Ciconte	Secretary	3	Officer	$0	$0	$0
Brenda Greene Hall	Treasurer	5	Officer	$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	No data	No data	No data	No data
2023	$744,711	$747,121	$6,690	$-2,410

TAKE HEART ASSOCIATION PROJECT INC