HEATHER ABBOTT FOUNDATION

EIN: 472475200 501(c)(3) Philanthropy & Grantmaking

NEWPORT, RI

Total Revenue
$362,921
Total Expenses
$440,825
Total Assets
$785,084
Net Assets
$785,084
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
RI
Principal Officer
HEATHER J ABBOTT
Phone
4012139952
Tax Period
2023-07-01 to 2024-06-30

HEATHER ABBOTT FOUNDATION, founded in 2014, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $363K in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $441K exceeded revenue, resulting in a 21% operating deficit.

Mission

OUR MISSION IS TO PROVIDE CUSTOMIZED PROSTHESES TO THOSE WHO HAVE SUFFERED LIMB LOSS THROUGH TRAUMATIC CIRCUMSTANCES.

Program Service Accomplishments

Program 1
Expenses: $385,953

GRANTS TO INDIVIDUALS - BECAUSE SO FEW SPECIALIZED PROSTHETIC DEVICES ARE COVERED BY HEALTH INSURANCE, THE HEATHER ABBOTT FOUNDATION PROVIDES GRANTS TO INDIVIDUALS WHO HAVE SUFFERED LIMB LOSS THROUGH...

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GRANTS TO INDIVIDUALS - BECAUSE SO FEW SPECIALIZED PROSTHETIC DEVICES ARE COVERED BY HEALTH INSURANCE, THE HEATHER ABBOTT FOUNDATION PROVIDES GRANTS TO INDIVIDUALS WHO HAVE SUFFERED LIMB LOSS THROUGH TRAUMA. EIGHTY-EIGHT (88) INDIVIDUALS WERE AWARDED WITH SPECIALIZED PROSTHETIC DEVICES IN THE FISCAL YEAR. GRANT APPLICANTS COMPLY WITH A FORMAL GRANT APPLICATION PROCESS AS DESCRIBED ON THE FOUNDATION'S WEBSITE.

Program 2
Expenses: $8,719 Revenue: $0

RAISE AWARENESS - THE FOUNDATION AIMS TO RAISE AWARENESS OF THE GENERAL PUBLIC AS TO THE ONGOING STRUGGLES OF THOSE WHO HAVE SUFFERED TRAUMATIC LIMB LOSS THROUGH REGULAR FUNDRAISING EVENTS AND...

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RAISE AWARENESS - THE FOUNDATION AIMS TO RAISE AWARENESS OF THE GENERAL PUBLIC AS TO THE ONGOING STRUGGLES OF THOSE WHO HAVE SUFFERED TRAUMATIC LIMB LOSS THROUGH REGULAR FUNDRAISING EVENTS AND PARTICIPATION IN MARATHONS AND OTHER ATHLETIC/RUNNING EVENTS. THE FOUNDATION ALSO COMMISSIONED AND RELEASED PROFESSIONALLY PRODUCED AWARENESS VIDEOS DOCUMENTING FOUR (4) OF OUR PROSTHESIS BENEFICIARIES IN THIS FISCAL YEAR. THE VIDEOS WERE HIGHLIGHTED AT A FUNDRAISER AS WELL AS BEING UPLOADED TO HAF'S YOUTUBE CHANNEL AND SOCIAL MEDIA PLATFORMS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $383,137
Program Service Revenue $0
Investment Income $17,501
Other Revenue $-37,717
TOTAL REVENUE $362,921

Expense Breakdown

Grants Paid $385,953
Salaries & Benefits $0
Fundraising Expenses $2,025
Program Expenses $394,672
Other Expenses $54,872
TOTAL EXPENSES $440,825

Year-over-Year Comparison

2023 2022 Change
Revenue $362,921 $300,861 +0.2%
Expenses $440,825 $247,383 +0.8%
Net Income $-77,904 $53,478 -2.5%
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

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Governance

Voting Members
6
Independent Members
6
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
3
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HEATHER J ABBOTT DIRECTOR/CEO/PRES 10.00
Officer Director
$0 $0 $0
CYNTHIA LIMA DIRECTOR/CHAIRMAN 2.00
Director
$0 $0 $0
JAMES BANKS DIRECTOR/SECRETARIAT 2.00
Officer Director
$0 $0 $0
MALINA JACOBOWITZ DIRECTOR/VICE PRES 2.00
Officer Director
$0 $0 $0
KEVIN HORST BOARD DIRECTOR 5.00
Director
$0 $0 $0
LAURIE RICE BOARD DIRECTOR 2.00
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 No data No data No data No data
2024 $362,921 $440,825 $785,084 $-77,904
2023 $300,861 $247,383 $817,236 $53,478
2022 $240,336 $105,075 $754,003 $135,261
2021 $89,745 $61,045 $642,820 $28,700
2020 $280,183 $124,133 $559,333 $156,050
2019 $223,637 $117,026 $408,448 $106,611
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