INSTITUTE FOR HEALING OF MEMORIES - NORTH AMERICA (EIN 264684365) - 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

2009

Legal Domicile

Principal Officer

GLORIA HAGE

Phone

6463977652

Tax Period

2023-01-01 to 2023-12-31

INSTITUTE FOR HEALING OF MEMORIES - NORTH AMERICA, founded in 2009, is a small nonprofit in the Human Services sector that reported $147K in total revenue in fiscal year 2023. Revenue fell 33% from the prior year — a significant decline worth monitoring. Expenses of $202K exceeded revenue, resulting in a 37% operating deficit.

Mission

To contribute to the emotional and spiritual healing journey of individuals communities and nations to recover from trauma

🔒

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 $117,926

Program Service Revenue $29,135

Investment Income $0

Other Revenue $0

TOTAL REVENUE $147,061

Expense Breakdown

Grants Paid $50,000

Salaries & Benefits $112,863

Fundraising Expenses $1,588

Program Expenses $176,627

Other Expenses $39,304

TOTAL EXPENSES $202,167

Year-over-Year Comparison

	2023	2022	Change
Revenue	$147,061	$218,401	-0.3%
Expenses	$202,167	$206,742	0.0%
Net Income	$-55,106	$11,659	-5.7%

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

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

$99,226

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LINDA RICH	Chairperson	2.000	Officer Director	$0	$0	$0
PAUL FEUERSTEIN	Director	1.000	Director	$0	$0	$0
BOB COEN	Director	1.000	Director	$0	$0	$0
ANDREW RICE	Vice Chair	1.000	Officer Director	$0	$0	$0
GLORIA HAGE	Executive Director	40.00	Key Emp	$90,650	$8,576	$99,226
MICHAEL LAPSLEY	Director	1.000	Director	$0	$0	$0
KAREN EVENSON	Director	1.000	Director	$0	$0	$0
MAYOWA ALERO OBASAJU	Director	1.000	Director	$0	$0	$0
MARGARET FELL	Director Emeritus	1.000	Director	$0	$0	$0
STEPHEN KARAKASHIAN	Director Emeritus	1.000	Director	$0	$0	$0
LAJU OBASAJU	Treasurer	1.000	Officer Director	$0	$0	$0
PHYLLIS RODRIGUEZ	Director Emeritus	1.000	Director	$0	$0	$0
LUCY JANJIGIAN	Director	1.000	Director	$0	$0	$0
ZOE WILD	Director	1.000	Director	$0	$0	$0
HECTOR MATASCASTILLO	Director	1.000	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
2024	No data	No data	No data	No data
2023	$147,061	$202,167	$27,659	$-55,106
2022	$218,401	$206,742	$83,995	$11,659
2021	$205,802	$198,018	$85,975	$7,784
2020	$199,606	$188,576	$75,941	$11,030
2019	$225,670	$238,314	$123,521	$-12,644
2019	$207,491	$241,468	$100,889	$-33,977
2018	$231,551	$279,059	$85,035	$-47,508

INSTITUTE FOR HEALING OF MEMORIES - NORTH AMERICA