FRIENDS OF HEART (EIN 365048894) - 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

2023

Legal Domicile

Principal Officer

JANET SILVER

Phone

7312173238

Tax Period

2023-01-01 to 2023-12-31

FRIENDS OF HEART, founded in 2023, is a small nonprofit that reported $107K in total revenue in fiscal year 2023. Expenses of $100K left a modest 6% surplus.

Mission

TOGETHER, WE PLAN TO BRING CUTTING-EDGE TECHNOLOGY AND FORWARD-THINKING IDEAS TO JACKSON BY PLACING AVIVE'S INTELLIGENT AEDS ACROSS THE CITY AND DEPLOYING THEIR FIRST-OF-ITS-KIND CARDIAC ARREST RESPONSE TECHNOLOGY. MOST IMPORTANTLY, WE PLAN TO WORK WITH THE CITIZENS OF JACKSON TO CREATE A CULTURE OF SAVING LIVES FROM CARDIAC ARREST THROUGH FREE TRAINING AND EDUCATIONAL RESOURCES SO THAT EVERYONE IS PREPARED TO SAVE A LIFE.

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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 $85,167

Program Service Revenue $0

Investment Income $115

Other Revenue $21,369

TOTAL REVENUE $106,651

Expense Breakdown

Grants Paid $66,328

Salaries & Benefits $18,496

Fundraising Expenses $0

Program Expenses $100,223

Other Expenses $15,399

TOTAL EXPENSES $100,223

Year-over-Year Comparison

	2023	2022	Change
Revenue	$106,651	N/A	N/A
Expenses	$100,223	N/A	N/A
Net Income	$6,428	N/A	N/A

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

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
ROBERT ARRINGTON	PRESIDENT	1.00	Officer Director	$0	$0	$0
TRACY CASE	DIRECTOR	1.00	Director	$0	$0	$0
VAL EXUM	DIRECTOR	1.00	Director	$0	$0	$0
JANET SILVER	SECRETARY	1.00	Officer Director	$0	$0	$0
MARK TAYLOR	DIRECTOR	1.00	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
2023	$106,651	$100,223	$6,433	$6,428

FRIENDS OF HEART