FOUNDATION FOR HEART SCIENCE LTD (EIN 391956427) - 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

2012

Legal Domicile

Principal Officer

MARY E BAKER RN

Phone

4142573321

Tax Period

2025-01-01 to 2025-12-31

FOUNDATION FOR HEART SCIENCE LTD, founded in 2012, is a micro nonprofit in the Medical Research sector that reported $65K in total revenue in fiscal year 2025. Revenue fell 83% from the prior year — a significant decline worth monitoring. Expenses of $146K exceeded revenue, resulting in a 124% operating deficit.

Mission

THE FOUNDATION FOR HEART SCIENCE IS A NOT-FOR-PROFIT CORPORATION ESTABLISHED IN THE STATE OF WISCONSIN FOR THE PURPOSE OF SUPPORTING RESEARCH INTO THE EFFECTIVE TREATMENT AND CURE OF CONGENITAL AND ACQUIRED HEART DISEASE.

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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 (2025)

Revenue Breakdown

Contributions & Grants $10,104

Program Service Revenue $0

Investment Income $55,246

Other Revenue $0

TOTAL REVENUE $65,350

Expense Breakdown

Grants Paid $126,875

Salaries & Benefits $0

Fundraising Expenses $11,619

Program Expenses $128,442

Other Expenses $19,209

TOTAL EXPENSES $146,084

Year-over-Year Comparison

	2025	2024	Change
Revenue	$65,350	$386,080	-0.8%
Expenses	$146,084	$207,287	-0.3%
Net Income	$-80,734	$178,793	-1.5%

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

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
DAVID J BAKER	DIRECTOR	N/A	Director	$0	$0	$0
CARL BROWN	DIRECTOR	N/A	Director	$0	$0	$0
ELIZABETH A BAKER PHD	DIRECTOR	N/A	Director	$0	$0	$0
JOHN E BAKER PHD	PRES. & TREA	N/A	Officer Director	$0	$0	$0
MARY E BAKER RN	VP & SECRETA	N/A	Officer 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	$65,350	$146,084	$1,023,772	$-80,734
2024	$386,080	$207,287	$1,049,601	$178,793
2023	$903,727	$32,919	$870,808	$870,808

FOUNDATION FOR HEART SCIENCE LTD