BARKANN FAMILY HEALING HEARTS FOUNDATION

EIN: 461116386 501(c)(3) Philanthropy & Grantmaking

NEWTOWN SQUARE, PA

Total Revenue
$284,446
Total Expenses
$249,825
Total Assets
$47,256
Net Assets
$47,256
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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
PA
Principal Officer
ELLEN BARKANN
Phone
2155106608
Tax Period
2024-01-01 to 2024-12-31

BARKANN FAMILY HEALING HEARTS FOUNDATION, founded in 2012, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $284K in total revenue in fiscal year 2024. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $250K left a modest 12% surplus.

Mission

THE BARKANN FAMILY HEALING HEARTS FOUNDATION PROVIDES FINANCIAL ASSISTANCE TO LOCAL ORGANIZATIONS AND FAMILIES THROUGHOUT THE DELAWARE VALLEY WHO SEEK TO OVERCOME THE FINANCIAL BURDENS OF ILLNESS AND SUDDEN LOSS OF 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $40,602
Program Service Revenue $0
Investment Income $0
Other Revenue $243,844
TOTAL REVENUE $284,446

Expense Breakdown

Grants Paid $114,984
Salaries & Benefits $96,000
Fundraising Expenses $77,931
Program Expenses $114,984
Other Expenses $38,841
TOTAL EXPENSES $249,825

Year-over-Year Comparison

2024 2023 Change
Revenue $284,446 $230,149 +0.2%
Expenses $249,825 $222,816 +0.1%
Net Income $34,621 $7,333 +3.7%
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

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Governance

Voting Members
11
Independent Members
11
Employees
N/A
Volunteers
10

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
5
$96,000
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ELLEN BARKANN PRESIDENT 15.00
Officer Director
$0 $0 $0
EMILY BARKANN SECRETARY 0.50
Officer Director
$0 $0 $0
MATTHEW BARKANN BOARD MEMBER 0.50
Director
$0 $0 $0
HENRY ALTSCHULER BOARD MEMBER 0.50
Director
$0 $0 $0
MICHAEL BARKANN BOARD MEMBER 4.00
Director
$0 $0 $0
JOEL ROSENBERG BOARD MEMBER 0.50
Director
$0 $0 $0
ED WALLACE BOARD MEMBER 0.50
Director
$0 $0 $0
PAT WATERS BOARD MEMBER 0.50
Director
$0 $0 $0
SUSAN BARKANN VICE PRESIDENT 0.50
Officer Director
$0 $0 $0
JOSEPH COOPERSMITH TREASURER 1.00
Officer Director
$0 $0 $0
MARK MAGGI BOARD MEMBER 0.50
Director
$0 $0 $0
MICHAEL BARNES EXECUTIVE DIRECTOR 40.00
Officer
$96,000 $0 $96,000
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 $284,446 $249,825 $47,256 $34,621
2023 $230,149 $222,816 $12,635 $7,333
2022 $164,344 $188,448 $14,268 $-24,104
2021 $184,205 $189,820 $38,372 $-5,615
2020 $205,005 $168,160 $43,987 $36,845
2019 $188,267 $201,163 $7,142 $-12,896
2018 $206,616 $222,246 $20,038 $-15,630
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