Blue Lips Foundation (EIN 474689048) - 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

Meredith Wilharber

Phone

5155089349

Tax Period

2023-01-01 to 2023-12-31

Blue Lips Foundation, founded in 2015, is a micro nonprofit in the Medical Research sector that reported $60K in total revenue in fiscal year 2023. Revenue fell 73% from the prior year — a significant decline worth monitoring. Net assets of $869K represent 173 months of operating reserves.

Mission

The Blue Lips Foundation funds researchers dedicated to bringing pulmonary hypertension patients to an early diagnosis and provides grant funding to patients with unmet financial needs.

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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 $60,108

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $60,108

Expense Breakdown

Grants Paid $25,850

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $33,972

TOTAL EXPENSES $59,822

Year-over-Year Comparison

	2023	2022	Change
Revenue	$60,108	$224,073	-0.7%
Expenses	$59,822	$29,390	+1.0%
Net Income	$286	$194,683	-1.0%

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
Meredith Wilharber	Director	20	Director	$0	$0	$0
Randy Wilharber	Director	5	Director	$0	$0	$0
Erica Vinyard	Director	5	Director	$0	$0	$0
Derek Hetland	Director	5	Director	$0	$0	$0
Amy Varcoe	Director	5		$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
2023	$60,108	$59,822	$868,761	$286

Blue Lips Foundation