HEALING FLATS 1 (EIN 612004137) - 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

2021

Legal Domicile

Principal Officer

CHEN MELLEMA

Phone

9522128934

Tax Period

2022-01-01 to 2022-12-31

HEALING FLATS 1, founded in 2021, is a small nonprofit in the Health Care sector that reported $111K in total revenue in fiscal year 2022. Revenue fell 48% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $99K, a strong 89% operating margin.

Mission

HEALING FLATS IS A NON-PROFIT ORGANIZATION WHOSE GOAL IS TO HELP PROVIDE COMFORTABLE AND AFFORDABLE ACCOMMODATIONS FOR OUT-OF-TOWN MAYO CLINIC, ROCHESTER, MN, PATIENT PROCEDURES THAT REQUIRE LONG-TERM STAY (1-6 WEEKS).

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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 (2022)

Revenue Breakdown

Contributions & Grants $101,972

Program Service Revenue $9,387

Investment Income $122

Other Revenue $0

TOTAL REVENUE $111,481

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $11,890

Other Expenses $12,415

TOTAL EXPENSES $12,415

Year-over-Year Comparison

	2022	2021	Change
Revenue	$111,481	$213,086	-0.5%
Expenses	$12,415	$7,682	+0.6%
Net Income	$99,066	$205,404	-0.5%

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

N/A

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
CHEN MELLEMA	PRESIDENT	N/A	Officer	$0	$0	$0
BONNIE BUSKIRK	TREASURER	N/A	Officer	$0	$0	$0
SUSAN CHARLES	VICE PRESIDE	N/A	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
2022	$111,481	$12,415	$304,470	$99,066
2021	$213,086	$7,682	$205,404	$205,404

HEALING FLATS 1