KARI'S HEART FOUNDATION INC (EIN 263504525) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2008

Legal Domicile

Principal Officer

JEFFREY W SCHOONDYKE

Phone

4239131171

Tax Period

2023-01-01 to 2023-12-31

KARI'S HEART FOUNDATION INC, founded in 2008, is a small nonprofit in the Diseases & Disorders sector that reported $242K in total revenue in fiscal year 2023. Revenue surged 92% from the prior year, signaling strong growth momentum. The organization ran a surplus of $60K, a strong 25% operating margin.

Mission

PROVIDE A WIDE RANGE OF PERSONAL, FINANCIAL, AND SOCIAL RESOURCES TO FAMILIES WHO ARE CURRENTLY EXPERIENCING A HEALTHCARE CRISIS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $172,286

Program Service Revenue $0

Investment Income $49

Other Revenue $69,260

TOTAL REVENUE $241,595

Expense Breakdown

Grants Paid $0

Salaries & Benefits $18,249

Fundraising Expenses $11,060

Program Expenses $167,608

Other Expenses $163,171

TOTAL EXPENSES $181,420

Year-over-Year Comparison

	2023	2022	Change
Revenue	$241,595	$125,614	+0.9%
Expenses	$181,420	$138,761	+0.3%
Net Income	$60,175	$-13,147	-5.6%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

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
REESE GREGORY	DIRECTOR	N/A	Director	$0	$0	$0
ROBERT GREGORY	DIR. OF BUSI	N/A	Director	$0	$0	$0
JEFFREY W SCHOONDYKE	PRESIDENT	N/A	Officer Director	$0	$0	$0
JEFFREY G SCHOONDYKE	DIRECTOR	N/A	Director	$0	$0	$0
JENNIFER M SCHOONDYKE	SECRETARY/TR	N/A	Officer Director	$0	$0	$0
KATHRYN SCHOONDYKE	DIR. OF MARK	N/A	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	No data	No data	No data	No data
2023	$241,595	$181,420	$75,082	$60,175
2022	$125,614	$138,761	$32,489	$-13,147
2021	$128,449	$147,007	$40,454	$-18,558
2020	$125,744	$109,793	$40,389	$15,951
2019	$102,842	$96,815	$47,526	$6,027
2018	$78,972	$75,306	$42,040	$3,666

KARI'S HEART FOUNDATION INC