KENTUCKY HEART FOUNDATION INC (EIN 260791997) - 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

2007

Legal Domicile

Principal Officer

SARA MARKS

Phone

6063241544

Tax Period

2022-10-01 to 2023-06-30

KENTUCKY HEART FOUNDATION INC, founded in 2007, is a micro nonprofit in the Medical Research sector that reported $660 in total revenue in fiscal year 2022. Revenue decreased 17% compared to the prior year. Expenses of $62K exceeded revenue, resulting in a 9350% operating deficit.

Mission

TO REDUCE THE IMPACT OF HEART AND VASCULAR DISEASE THROUGH RESEARCH, PREVENTION, AND EDUCATION.

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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 (2022)

Revenue Breakdown

Contributions & Grants $375

Program Service Revenue $0

Investment Income $285

Other Revenue $0

TOTAL REVENUE $660

Expense Breakdown

Grants Paid $0

Salaries & Benefits $58,121

Fundraising Expenses $0

Program Expenses $62,368

Other Expenses $4,247

TOTAL EXPENSES $62,368

Year-over-Year Comparison

	2022	2021	Change
Revenue	$660	$799	-0.2%
Expenses	$62,368	$106,345	-0.4%
Net Income	$-61,708	$-105,546	-0.4%

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

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

$5,783,585

Total Directors

Key Employees

$1,093,854

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID JONES	CHAIRMAN	0.25	Officer Director	$0	$0	$0
DR MARK NEWMAN	BOARD VICE-CHAIRMAN (UNTIL 12/31/22)	0.25	Officer Director	$0	$0	$0
STEPHEN ADDINGTON	DIRECTOR	0.25	Director	$0	$0	$0
MARK BIRDWHISTELL	DIRECTOR	0.25	Director	$0	$0	$0
TOM BURNETTE	DIRECTOR	0.25	Director	$0	$0	$0
CRAIG COLLINS	DIRECTOR	0.25	Director	$0	$0	$0
ERIC MONDAY	DIRECTOR	0.25	Director	$0	$0	$0
JOHN STEWART	DIRECTOR	0.25	Director	$0	$0	$0
PENNY COX	DIRECTOR	0.25	Director	$0	$0	$0
GINA DUGAS	DIRECTOR	0.25	Director	$0	$0	$0
ROBERT DIPAOLA	DIRECTOR	0.25	Director	$0	$0	$0
SHERYL MAHANEY UNTIL 113022	SECRETARY, VP/CHIEF LEGAL OFFICER	1.25	Officer	$0	$8,395	$1,526,527
AUTUMN MCFANN	TREASURER, SR VP/CFO/CAO	1.25	Officer	$0	$131,808	$2,028,936
SARA MARKS	PRESIDENT/CEO (BEG. 1/1/23)	1.25	Officer	$0	$142,949	$1,987,783
AMY SAUNDERS	ASSISTANT SECRETARY (STARTING 12/1/22)	0.25	Officer	$0	$12,371	$240,339
KRISTIE WHITLATCH	PRESIDENT/CEO (10/1/22-12/31/22)	1.25	Officer	$0	$0	$0
STEVEN CLIFTON	SECRETARY (STARTING 12/1/22)	0.25	Officer	$0	$0	$0
CHARBEL SALEM MD	MEDICAL DIRECTOR	10.00	Key Emp	$0	$94,176	$876,306
PATRICIA CORBITT	EXECUTIVE DIRECTOR	2.00	Key Emp	$0	$32,109	$217,548

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
2024	No data	No data	No data	No data
2023	$660	$62,368	$569,431	$-61,708
2022	$799	$106,345	$569,146	$-105,546
2021	$4,678	$165,862	$569,027	$-161,184
2020	$17,794	$135,933	$572,012	$-118,139
2019	$82,733	$98,643	$568,239	$-15,910
2018	$77,764	$138,982	$560,784	$-61,218

KENTUCKY HEART FOUNDATION INC