HEALTHSTAR FOUNDATION

EIN: 621871558 501(c)(3) Health Care

MORRISTOWN, TN

Total Revenue
$5,530
Total Expenses
$22,998
Total Assets
$152,686
Net Assets
$152,686
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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
2001
Legal Domicile
TN
Principal Officer
MICHAEL GULLEY
Phone
4235222088
Tax Period
2020-01-01 to 2020-12-31

HEALTHSTAR FOUNDATION, founded in 2001, is a micro nonprofit in the Health Care sector that reported $6K in total revenue in fiscal year 2020. Revenue fell 71% from the prior year — a significant decline worth monitoring. Expenses of $23K exceeded revenue, resulting in a 316% operating deficit.

Mission

THE MISSION OF THE HEALTHSTAR FOUNDATION IS TO INFLUENCE THE OVERALL WELL BEING AND WELFARE OF THE CITIZENS OF OUR COMMUNITY THROUGH CHARITABLE ENDOWMENTS

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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%)

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Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $4,500
Program Service Revenue $0
Investment Income $1,030
Other Revenue $0
TOTAL REVENUE $5,530

Expense Breakdown

Grants Paid $22,150
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $22,150
Other Expenses $848
TOTAL EXPENSES $22,998

Year-over-Year Comparison

2020 2019 Change
Revenue $5,530 $18,822 -0.7%
Expenses $22,998 $24,669 -0.1%
Net Income $-17,468 $-5,847 +2.0%
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

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Governance

Voting Members
3
Independent Members
N/A
Employees
N/A
Volunteers
3

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
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JENNIFER WILSON CHAIRMAN 1
Officer
$0 $0 $0
MICHAEL GULLEY TREASURER 1
Officer
$0 $0 $0
DON QUILLIAMS BOARD MEMBER 0.5
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
2020 $5,530 $22,998 $152,686 $-17,468
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