HEARTRIGHT FOUNDATION INC (EIN 465589501) - 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

2014

Legal Domicile

Principal Officer

JOHN ANGELONIDES

Phone

9166791555

Tax Period

2023-01-01 to 2023-12-31

HEARTRIGHT FOUNDATION INC, founded in 2014, is a micro nonprofit in the Human Services sector that reported $38K in total revenue in fiscal year 2023. Revenue fell 84% from the prior year — a significant decline worth monitoring. Expenses of $90K exceeded revenue, resulting in a 137% operating deficit.

Mission

THE HEARTRIGHT FOUNDATION WAS CREATED TO PROVIDE VALUABLE GROWTH OPPORTUNITIES TO PEOPLE WITH DEVELOPMENTAL DISABILITIES THAT THEY MIGHT NOT OTHERWISE HAVE.

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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 $38,003

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $38,003

Expense Breakdown

Grants Paid $80,213

Salaries & Benefits $0

Fundraising Expenses $4,356

Program Expenses $80,213

Other Expenses $9,777

TOTAL EXPENSES $89,990

Year-over-Year Comparison

	2023	2022	Change
Revenue	$38,003	$231,146	-0.8%
Expenses	$89,990	$89,253	+0.0%
Net Income	$-51,987	$141,893	-1.4%

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

N/A

Independent Members

N/A

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
CHRISTINE BAGLEY	SECRETARY	2.00	Officer	$0	$0	$0
LYNN FULLER	SECRETARY	2.00	Officer	$0	$0	$0
STACY SISSON	PRESIDENT	2.00	Officer	$0	$0	$0
ANNA SHANDS	VICE PRESIDENT	2.00	Officer	$0	$0	$0
JOYCE NEELY	SEARGENT AT ARMS	2.00	Officer	$0	$0	$0
JOHN ANGELONIDES	TREASURER	2.00	Officer	$0	$0	$0
JOHN ANGELONIDES	CFO	2.00	Officer	$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	$38,003	$89,990	$488,675	$-51,987
2022	$231,146	$89,253	$540,662	$141,893
2021	$277,679	$14,160	$398,769	$263,519

HEARTRIGHT FOUNDATION INC