HEALING HEADBANDS PROJECT INC (EIN 472792432) - 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

2015

Legal Domicile

Principal Officer

BARBARA GRAPSTEIN

Phone

9175392988

Tax Period

2024-01-01 to 2024-12-31

HEALING HEADBANDS PROJECT INC, founded in 2015, is a micro nonprofit in the Health Care sector that reported $72K in total revenue in fiscal year 2024. Revenue surged 30% from the prior year, signaling strong growth momentum. Expenses of $89K exceeded revenue, resulting in a 24% operating deficit.

Mission

TO INSPIRE OTHERS TO DEVELOP A HEALING MINDSET BY INTEGRATING LAUGHTER WITH ART. TO VISIT PATIENTS WITH SERIOUS ILLNESSES AND PROVIDE LAUGHTER THERAPY AND AN OPPORTUNITY TO RECEIVE CUSTOM HEADBANDS CREATED FROM PATIENTS' PAINTINGS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $38,894

Program Service Revenue $0

Investment Income $38,475

Other Revenue $-5,491

TOTAL REVENUE $71,878

Expense Breakdown

Grants Paid $2,194

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $88,923

Other Expenses $86,729

TOTAL EXPENSES $88,923

Year-over-Year Comparison

	2024	2023	Change
Revenue	$71,878	$55,464	+0.3%
Expenses	$88,923	$58,296	+0.5%
Net Income	$-17,045	$-2,832	+5.0%

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

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
BARBARA GRAPSTEIN	PRESIDENT	35.00	Officer Director	$0	$0	$0
STEVE GRAPSTEIN	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
CHARLOTTE DE LEON	SECRETARY/TREASURER	5.00	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
2024	$71,878	$88,923	$1,029,394	$-17,045
2023	$55,464	$58,296	$944,781	$-2,832
2022	$9,754	$30,090	$838,977	$-20,336
2021	$84,668	$66,863	$999,581	$17,805
2020	$-7,737	$83,607	$921,746	$-91,344
2019	$194,959	$122,090	$998,331	$72,869
2018	$635,755	$102,999	$854,834	$532,756

HEALING HEADBANDS PROJECT INC