Heineman-Robicsek Foundation Inc (EIN 566023076) - 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

1959

Legal Domicile

Phone

7042484843

Tax Period

2023-01-01 to 2023-12-31

Heineman-Robicsek Foundation Inc, founded in 1959, is a community nonprofit that reported $5.9M in total revenue in fiscal year 2023. Revenue surged 260% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.1M, a strong 69% operating margin.

Mission

To Provide research opportunities to acquire knowledge of the developments in medical care. To deliver used/refurbished medical equipment and offer educational assistance globally to promote sustainable health care and improve living standards in undeserved communities.

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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 $5,698,211

Program Service Revenue $0

Investment Income $178,380

Other Revenue $14,400

TOTAL REVENUE $5,890,991

Expense Breakdown

Grants Paid $1,200,906

Salaries & Benefits $226,747

Fundraising Expenses $0

Program Expenses $1,655,580

Other Expenses $393,922

TOTAL EXPENSES $1,821,575

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,890,991	$1,635,571	+2.6%
Expenses	$1,821,575	$1,303,137	+0.4%
Net Income	$4,069,416	$332,434	+11.2%

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

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

$53,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Theresa Johnson	Executive Dir.	25.00	Officer	$51,500	$1,500	$53,000
Daniel G Aceti	Treasurer/Secre	1.00	Officer Director	$0	$0	$0
Mr Anders Bergendahl	Board Member	1.00	Officer Director	$0	$0	$0
Mrs Maria Bergendahl	Board Member	1.00	Director	$0	$0	$0
Mr James J Bissell	Board Member	1.00	Director	$0	$0	$0
Christopher HA Cecil	Board Member	1.00	Director	$0	$0	$0
John C Cedarholm MD FACC	Board Member	1.00	Director	$0	$0	$0
Carlos Cruz DDS	Board Member	1.00	Director	$0	$0	$0
John M Fedor MD	Board Member	1.00	Director	$0	$0	$0
Charles F Furr Jr	Board Member	1.00	Director	$0	$0	$0
Dr Norris B Harbold Jr	Board Member	1.00	Director	$0	$0	$0
Mr Michael C Tarwater	Board Member	1.00	Director	$0	$0	$0
Ms Marilyn Heineman	Board Member	1.00	Director	$0	$0	$0
Mrs June Heineman-Morris	Board Member	1.00	Director	$0	$0	$0
Mr James ES Hynes	Board Member	1.00	Director	$0	$0	$0
Ms Stella Los de Paiz	Board Member	1.00	Director	$0	$0	$0
Jeko M Madjarov MD	Board Member	1.00	Director	$0	$0	$0
Mr James C Olsen	Chairman	1.00	Officer Director	$0	$0	$0
Mr Fernando Paiz	Vice President	1.00	Officer Director	$0	$0	$0
Mr John CM Robicsek	Board Member	1.00	Director	$0	$0	$0
Steven A Robicsek MD PhD	President	1.00	Officer Director	$0	$0	$0
Mr Manuel Rodriguez	Board Member	1.00	Officer Director	$0	$0	$0
Geoffrey A Rose MD	Board Member	1.00	Director	$0	$0	$0
Dr Michael Schur	Board Member	1.00	Director	$0	$0	$0
Richard M Thigpen	Board Member	1.00	Director	$0	$0	$0
Mr Robert A Wheeler	Board Member	1.00	Director	$0	$0	$0
Dr Eric Skipper	Board Member	1.00	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	No data	No data	No data	No data
2023	$5,890,991	$1,821,575	$11,321,797	$4,069,416
2022	$1,635,571	$1,303,137	$6,277,536	$332,434
2021	$5,065,349	$4,803,093	$7,695,245	$262,256
2020	$1,968,264	$1,927,291	$7,055,993	$40,973
2019	$1,335,821	$1,343,981	$6,470,955	$-8,160
2018	$2,078,696	$1,367,451	$6,002,938	$711,245

Heineman-Robicsek Foundation Inc