HEALTHY MINDS HEALTHY LIVES FOUNDA… - Form 990 Financial Data

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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

Phone

9184970881

Tax Period

2024-01-01 to 2024-12-31

HEALTHY MINDS HEALTHY LIVES FOUNDATION, founded in 2015, is a small nonprofit in the Human Services sector that reported $892K in total revenue in fiscal year 2024. Revenue fell 87% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $889K, a strong 100% operating margin.

Mission

To support behavioral health and community-based initiatives through fundraising and development activities.

Program Service Accomplishments

Program 1

During the tax year, the organization conducted fundraising and development activities related to a planned capital project intended to support behavioral health and community service initiatives...

During the tax year, the organization conducted fundraising and development activities related to a planned capital project intended to support behavioral health and community service initiatives. Activities included donor outreach, grant funding coordination, and project planning efforts associated with the proposed facility and related services.

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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 $800,000

Program Service Revenue $0

Investment Income $92,288

Other Revenue $0

TOTAL REVENUE $892,288

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $3,391

TOTAL EXPENSES $3,391

Year-over-Year Comparison

	2024	2023	Change
Revenue	$892,288	$6,858,287	-0.9%
Expenses	$3,391	$21,265	-0.8%
Net Income	$888,897	$6,837,022	-0.9%

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

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
DURAND CROSBY	Pres/CEO 12/24	1.00	Officer Director	$0	$0	$0
RICH EDWARDS	Treasurer 12/24	1.00	Officer Director	$0	$0	$0
PAM MULVANEY	Secretary 12/24	1.00	Officer Director	$0	$0	$0
ALLIE FRIESEN	Director	1.00	Officer Director	$0	$0	$0
ELWOOD SKIP LEONARD	Director	1.00	Officer Director	$0	$0	$0
CHRISTINA GREEN	Director	1.00	Officer Director	$0	$0	$0
HEATH HAYES	Director 12/24	1.00	Officer 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	$892,288	$3,391	No data	$888,897
2023	$6,858,287	$21,265	$6,841,019	$6,837,022
2022	$2	$350	$3,997	$-348
2021	$116	$350	$4,345	$-234
2020	$500	$350	$4,579	$150

HEALTHY MINDS HEALTHY LIVES FOUNDATION