The Diveheart Foundation

🔒

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

2001

Legal Domicile

Principal Officer

Jimmy R Elliott

Phone

6309641983

Tax Period

2024-01-01 to 2024-12-31

The Diveheart Foundation, founded in 2001, is a small nonprofit in the Mental Health sector that reported $592K in total revenue in fiscal year 2024. Expenses of $513K left a modest 13% surplus.

Mission

The Diveheart Foundation provides barrier free activities and programs for individuals with disabilities as a way of rehabitation, vocational development and therapeutic support through scuba diving and snorkling services.

Program Service Accomplishments

Program 1

Expenses: $142,702 Revenue: $43,600

Diveheart conducts adaptive buddy and instructor training programs and facilities adaptive scuba programs around the world so adaptive dive teams can serve indigenous people in their communities who have disabilities. Diveheart conducts trips around the world for individuals to experience open water scuba diving.

Program 2

Expenses: $114,132 Revenue: $0

Diveheart provides education and outreach programs supporting aquatic activities for individuals with disabilities.

Program 3

Expenses: $113,010 Revenue: $0

Diveheart provides diving experiences for individuals through planned trips.

🔒

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 (2024)

Revenue Breakdown

Contributions & Grants $441,914

Program Service Revenue $88,139

Investment Income $61,488

Other Revenue $0

TOTAL REVENUE $591,541

Expense Breakdown

Grants Paid $0

Salaries & Benefits $138,210

Fundraising Expenses $13,334

Program Expenses $369,844

Other Expenses $375,054

TOTAL EXPENSES $513,264

Year-over-Year Comparison

	2024	2023	Change
Revenue	$591,541	$606,081	0.0%
Expenses	$513,264	$505,306	+0.0%
Net Income	$78,277	$100,775	-0.2%

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

178

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

$80,550

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jimmy Ray Elliott	President	40.00	Officer Director	$0	$0	$0
Tinamarie Hernandez	Executive Director	40.00	Key Emp	$80,550	$0	$80,550
Ronald Francis Rispoli	Vice President	10.00	Director	$0	$0	$0
Bill Bogdan	Disability Liaison	40.00	Director	$0	$0	$0
Sean Baker	Director	5.00	Director	$0	$0	$0
Steve Woodham	Director	5.00	Director	$0	$0	$0
Nora Bolke	Director	5.00	Director	$0	$0	$0
Rachel Crane	Director of Education & Training	20.00	Highest	$4,593	$0	$4,593
Denise Brown	Office Manager	20.00	Highest	$21,790	$0	$21,790
Dan Koors	Treasurer	5.00	Director	$0	$0	$0
Jessica Collins	Social Media & Marketing	5.00	Highest	$20,800	$0	$20,800
Corissa Leung	Director	5.00	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	$591,541	$513,264	$1,601,133	$78,277
2020	$732,271	$515,337	$1,301,673	$216,934