HEALTHY MINDS INNOVATIONS INC (EIN 471196006) - 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

STEPHEN ARNOLD

Phone

6084924184

Tax Period

2023-07-01 to 2024-06-30

HEALTHY MINDS INNOVATIONS INC, founded in 2014, is a community nonprofit that reported $4.6M in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. The organization ran a surplus of $709K, a strong 15% operating margin.

Mission

TRANSLATING SCIENCE INTO TOOLS TO CULTIVATE AND MEASURE WELL-BEING, WITH A VISION TO MAKE PLANET EARTH A KINDER, WISER, AND MORE COMPASSIONATE PLACE TO LIVE.

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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 $1,341,111

Program Service Revenue $3,232,044

Investment Income $38,706

Other Revenue $483

TOTAL REVENUE $4,612,344

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,332,238

Fundraising Expenses $89,492

Program Expenses $2,898,592

Other Expenses $1,571,200

TOTAL EXPENSES $3,903,438

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,612,344	$4,991,534	-0.1%
Expenses	$3,903,438	$5,054,962	-0.2%
Net Income	$708,906	$-63,428	-12.2%

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

$688,579

Total Directors

$26,125

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEPHEN ARNOLD	CHAIRMAN OF THE BOARD	10.00	Officer Director	$0	$0	$0
RICHARD DAVIDSON	VICE CHAIR	4.00	Officer Director	$0	$0	$0
GREG LYNCH	SECRETARY AND TREASURER	4.00	Officer Director	$0	$0	$0
LISETTE COOPER	DIRECTOR	2.00	Director	$0	$0	$0
TONI SIKES	DIRECTOR	2.00	Director	$0	$0	$0
DAVID LUBAR	DIRECTOR	2.00	Director	$0	$0	$0
JULIAN THAYER	DIRECTOR	2.00	Director	$0	$0	$0
GOLBIE KAMAREI	DIRECTOR	2.00	Director	$0	$0	$0
GREGG FERGUS	DIRECTOR	2.00	Director	$0	$0	$0
SHOBHINA CHHEDA	DIRECTOR	2.00	Director	$0	$0	$0
NEAL RAJDEV	DIRECTOR	10.00	Director	$26,125	$0	$26,125
ANDREW BURROUGHS	CHIEF EXPERIENCE OFFICER	40.00	Officer	$148,100	$31,350	$179,450
DAVID ELDERBROCK	CHIEF TECHNOLOGY OFFICER	40.00	Officer	$162,696	$20,919	$183,615
RAQUEL TATAR	CHIEF SCIENCE & OPERATIONS OFFICER	40.00	Officer	$123,652	$26,862	$150,514
CHRISTINA GLAVAS	CHIEF EXECUTIVE OFFICER	40.00	Officer	$175,000	$0	$175,000
NICOLE FITE	CHIEF OF STAFF	40.00	Highest	$135,452	$13,124	$148,576
GEORGE XAVIER	DATA ENGINEER	40.00	Highest	$121,625	$8,311	$129,936
MICHAEL GORDON	DIRECTOR OF STRATEGIC INITIATIVES	40.00	Highest	$108,353	$16,168	$124,521

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
2024	$4,612,344	$3,903,438	$3,868,306	$708,906
2023	$4,991,534	$5,054,962	$3,240,416	$-63,428
2022	$3,825,213	$6,015,104	$3,070,291	$-2,189,891
2021	$4,272,719	$4,661,329	$5,514,455	$-388,610
2020	$6,421,318	$4,598,838	$6,122,350	$1,822,480
2019	$5,469,048	$4,223,109	$3,613,217	$1,245,939
2018	$3,128,476	$3,522,674	$2,267,993	$-394,198

HEALTHY MINDS INNOVATIONS INC