WILLIAMS HEART FOUNDATION

EIN: 753064056 501(c)(3) Medical Research

NORTHFIELD, IL

Total Revenue
$42,907
Total Expenses
$214,509
Total Assets
$950,913
Net Assets
$950,913
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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
2002
Legal Domicile
IL
Principal Officer
RANDALL E WILLIAMS
Phone
8475425740
Tax Period
2024-01-01 to 2024-12-31

WILLIAMS HEART FOUNDATION, founded in 2002, is a micro nonprofit in the Medical Research sector that reported $43K in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $215K exceeded revenue, resulting in a 400% operating deficit.

Mission

TO DEVELOP, FINANCE, CONDUCT AND OTHERWISE EXPLOIT MEDICAL RESEARCH DEDICATED TO THE HUMAN HEART AND RELATED FUNCTIONS OF THE PULMONARY SYSTEM ALONG WITH PREPARING, PUBLISHING AND DISSEMINATING ACADEMIC AND OTHER MATERIALS SETTING FORTH THE OUTCOMES OF SUCH RESEARCH, EDUCATING THE PUBLIC AND OTHER MEDICAL PERSONNEL AND UNDERTAKING ANY AND ALL ACTIVITIES INCIDENTAL OR RELATED THERETO INCLUDING PROVIDING RELATED HEALTHCARE SERVICES.

Program Service Accomplishments

Program 1
Expenses: $183,406 Revenue: $42,907

CONTINUED MARKETING AND PROMOTION OF THE ORGANIZATIONS MISSION AND ONGOING IDENTIFICATION AND EVALUATION OF APPROPRIATE PROJECTS TO FUND IN ACCORDANCE WITH THAT MISSION.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $42,907
Other Revenue $0
TOTAL REVENUE $42,907

Expense Breakdown

Grants Paid $0
Salaries & Benefits $209,022
Fundraising Expenses $0
Program Expenses $183,406
Other Expenses $5,487
TOTAL EXPENSES $214,509

Year-over-Year Comparison

2024 2023 Change
Revenue $42,907 $36,266 +0.2%
Expenses $214,509 $209,675 +0.0%
Net Income $-171,602 $-173,409 0.0%
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
4
Independent Members
4
Employees
2
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
3
$150,000
Total Directors
5
$150,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RANDALL E WILLIAMS MD PRESIDENT 40.00
Officer Director
$150,000 $0 $150,000
LISA MAZUR SECRETARY 0.00
Officer Director
$0 $0 $0
LYNN NICHOLAS TREASURER 0.00
Officer Director
$0 $0 $0
JOSEPH ANTHONY CAPRINI MD DIRECTOR 0.00
Director
$0 $0 $0
DAVID CELLA PHD DIRECTOR 0.00
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
2025 No data No data No data No data
2024 $42,907 $214,509 $950,913 $-171,602
2023 $36,266 $209,675 $789,388 $-173,409
2022 $41,346 $237,317 $962,797 $-195,971
2021 $173,664 $264,192 $1,158,768 $-90,528
2020 $-86,872 $265,187 $1,249,296 $-352,059
2019 $70,164 $465,466 $1,601,355 $-395,302
2018 $212,239 $460,191 $1,996,658 $-247,952
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