HEALING ARTS INSTITUTE OF SOUTH FLORIDA (EIN 474660407) - 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

Phone

9546449567

Tax Period

2024-10-01 to 2025-09-30

HEALING ARTS INSTITUTE OF SOUTH FLORIDA, founded in 2015, is a community nonprofit in the Mental Health sector that reported $1.3M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $1.3M left a modest 4% surplus.

Mission

TO ELIMINATE THE STIGMA ATTACHED TO RECEIVING MENTAL HEALTH SERVICES BY WAY OF PROVIDING CULTURALLY COMPETENT LOW COST OR NO COST MENTAL HEALTH 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 $1,320,024

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,320,024

Expense Breakdown

Grants Paid $0

Salaries & Benefits $977,034

Fundraising Expenses $0

Program Expenses $1,232,726

Other Expenses $295,113

TOTAL EXPENSES $1,272,147

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,320,024	$1,190,796	+0.1%
Expenses	$1,272,147	$1,185,040	+0.1%
Net Income	$47,877	$5,756	+7.3%

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

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
DR THELMA TENNIE	PRESIDENTCEO	70.00	Director Key Emp	$0	$0	$0
SENECA SMITH	DIRECTOR	10.00	Director	$0	$0	$0
TYSHEIKA SHAW	CHAIR	4.00	Director	$0	$0	$0
DR HOWARD JONES	SECRETARY	2.00	Director	$0	$0	$0
LAURA DOLIN	VICE CHAIR	2.00	Director	$0	$0	$0
DR CARLA FARRELL	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	$1,320,024	$1,272,147	$132,289	$47,877
2024	$1,190,796	$1,185,040	$379,404	$5,756
2023	$1,097,473	$1,196,742	$506,897	$-99,269
2022	$767,690	$758,722	$540,354	$8,968
2020	$220,243	$122,188	$149,705	$98,055
2019	$542,118	$539,624	$18,382	$2,494
2018	$635,644	$611,143	$71,429	$24,501

HEALING ARTS INSTITUTE OF SOUTH FLORIDA