PROJECT HEART (EIN 474824100) - 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

TYLER THAYER

Phone

6158660167

Tax Period

2021-01-01 to 2021-12-31

PROJECT HEART, founded in 2015, is a micro nonprofit in the Medical Research sector that reported $48K in total revenue in fiscal year 2021. Revenue fell 31% from the prior year — a significant decline worth monitoring.

Mission

PROJECT HEART EXISTS TO FUND CHD RESEARCH TO IMPROVE SURGICAL OUTCOMES FOR CHILDREN WITH HEART DEFECTS. WE WANT TO SEE TREATMENTS REFINED TO RESULT IN QUICKER RECOVERY TIMES, SHORTER HOSPITAL STAYS, AND MORE AND MORE CHILDREN LIVING LONG INTO ADULTHOOD. MUCH RESEARCH IS STILL NEEDED TO HELP THOUSANDS OF CHILDREN ACROSS THE NATION LIVING WITH CHD. WHEN YOU DONATE TO CHD RESEARCH, YOU CHANGE LIVES.

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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 (2021)

Revenue Breakdown

Contributions & Grants $47,928

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $47,928

Expense Breakdown

Grants Paid $21,000

Salaries & Benefits $0

Fundraising Expenses $3,103

Program Expenses $41,580

Other Expenses $31,180

TOTAL EXPENSES $52,180

Year-over-Year Comparison

	2021	2020	Change
Revenue	$47,928	$69,282	-0.3%
Expenses	$52,180	$93,107	-0.4%
Net Income	$-4,252	$-23,825	-0.8%

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
TYLER THAYER	PRESIDENT/TR	15.00	Officer	$0	$0	$0
ERICA THAYER	VICE PRESIDE	25.00	Officer	$0	$0	$0
BRIANNA SHANK	BOARD OF DIR	1.00	Officer	$0	$0	$0
CONNOR SHANK	BOARD OF DIR	1.00	Officer	$0	$0	$0
MEAGAN HOOPER	BOARD OF DIR	1.00	Officer	$0	$0	$0
THOMAS DOYLE	BOARD OF DIR	1.00	Officer	$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
2021	$47,928	$52,180	$84,404	$-4,252
2020	$69,282	$93,107	$88,656	$-23,825
2019	$155,603	$171,594	$112,481	$-15,991
2018	$196,107	$135,693	$127,972	$60,414

PROJECT HEART