HEALING ACTION NETWORK INC (EIN 454398011) - 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

KATIE RHOADES

Phone

8777572337

Tax Period

2023-01-01 to 2023-12-31

HEALING ACTION NETWORK INC, founded in 2012, is a community nonprofit in the Mental Health sector that reported $2.3M in total revenue in fiscal year 2023. Revenue surged 65% from the prior year, signaling strong growth momentum. The organization ran a surplus of $694K, a strong 30% operating margin.

Mission

HEALING ACTION IS COMMITTED TO COMBATTING COMMERCIAL SEXUAL EXPLOITATION THROUGH A MULTI-SYSTEM APPROACH OF CREATING AWARENESS BY SHARING OUR EXPERIENCE, STRENGTH, AND HOPE WITH OTHERS, ADVOCACY WITH AND ON BEHALF OF SURVIVORS FOR PROGRAMS AND SERVICES NEEDED TO EMPOWER THEM, AND HEALING ACTION TO CREATE SPACES WHERE ALL CAN THRIVE.

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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 $2,332,130

Program Service Revenue $5,029

Investment Income $0

Other Revenue $1,890

TOTAL REVENUE $2,339,049

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,005,168

Fundraising Expenses $180,443

Program Expenses $1,257,403

Other Expenses $640,283

TOTAL EXPENSES $1,645,451

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,339,049	$1,416,171	+0.7%
Expenses	$1,645,451	$1,426,172	+0.2%
Net Income	$693,598	$-10,001	-70.4%

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

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

$81,924

Total Directors

$81,924

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TAMI BUNTGEN	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
KEITH WESSELSCHMIDT	BOARD TREASURER	1.00	Officer Director	$0	$0	$0
MARGIE BORGES	SECRETARY	1.00	Officer Director	$0	$0	$0
AMY BILYEU	DIRECTOR	1.00	Director	$0	$0	$0
ARIEL EPULLE	DIRECTOR	1.00	Director	$0	$0	$0
VERONICA DURDELLO LCSW	DIRECTOR	1.00	Director	$0	$0	$0
CARLOTTA BURTON	DIRECTOR	1.00	Director	$0	$0	$0
KATIE RHOADES	EXECUTIVE DIRECTOR/OFFICER	45.00	Officer Director	$74,176	$7,748	$81,924

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	$2,339,049	$1,645,451	$1,387,467	$693,598
2022	$1,416,171	$1,426,172	$439,676	$-10,001
2021	$1,281,387	$1,217,985	$550,790	$63,402
2020	$863,083	$1,102,436	$403,281	$-239,353
2019	$692,106	$824,838	$436,885	$-132,732

HEALING ACTION NETWORK INC