HEARTFULNESS INSTITUTE

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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

2016

Legal Domicile

Principal Officer

NARENDRA KINI

Phone

9258990995

Tax Period

2023-01-01 to 2023-12-31

HEARTFULNESS INSTITUTE, founded in 2016, is a community nonprofit in the Human Services sector that reported $2.1M in total revenue in fiscal year 2023. Revenue surged 49% from the prior year, signaling strong growth momentum. Expenses of $3.6M exceeded revenue, resulting in a 74% operating deficit.

Mission

TO ORGANIZE CONFERENCES, EVENTS AND WORKSHOPS WITH KEYNOTE SPEAKERS AND SPOTLIGHT SESSIONS OFFERED TO THE PUBLIC TO LEARN AND EXPERIENCE HEARTFULNESS RELAXATION AND MEDITATION. TO PROMOTE WELLNESS FOR EVERYDAY STRESS RELIEF AND IMPROVED PERFORMANCE THROUGH MEDITATION.TO COLLABORATE AND IMPACT SCHOOLS, COLLEGES, CORPORATIONS, LIBRARIES AND MEDICAL ESTABLISHMENTS TO PRACTICE MEDITATION AND REDUCE STRESS.

Program Service Accomplishments

Program 1

Expenses: $3,482,310 Revenue: $184,355

HEARTFULNESS RELAXATION AND MEDITATION PROGRAMS WERE OFFERED AS PART OF CORPORATE WELLNESS PROGRAMS. VARIOUS WELLNESS EVENTS AND CONSCIOUS LIVING WORKSHOPS AT HEARTFULNESS CENTERS, SCHOOLS, AND...

HEARTFULNESS RELAXATION AND MEDITATION PROGRAMS WERE OFFERED AS PART OF CORPORATE WELLNESS PROGRAMS. VARIOUS WELLNESS EVENTS AND CONSCIOUS LIVING WORKSHOPS AT HEARTFULNESS CENTERS, SCHOOLS, AND COMMUNITY CENTERS AS WELL AS IN YOGA CENTERS WITH SIMILAR PURPOSE OF PROMOTING WELLNESS. ORACLE, BLUE CROSS BLUE SHIELD, DOMINION ENERGY, CITIBANK, AMAZON, GOOGLE, AND MICROSOFT ARE SOME OF THE ORGANIZATIONS THAT AVAILED OF OUR PROGRAM. EVENTS WERE ALSO HELD VIRTUALLY ON SOCIAL MEDIA PLATFORMS. DIGITAL CLASSES, DIGITAL JOURNALS, AND VIDEO SUBSCRIPTIONS ARE OFFERED ONLINE.OVER 250 CORPORATIONS NATIONWIDE AVAILED OF THESE FREE WEBINARS AND INTRODUCTORY SESSIONS. ADDITIONALLY SESSIONS WERE CONDUCTED FOR SCHOOLS AND COMMUNITY CENTERS ALSO VIA WEBINARS FOR STRESS RELIEF AND RELAXATION. GRANTS WERE ALSO PROVIDED TO SAHAJ MARG SPIRITUALITY FOUNDATION IN INDIA TO PROMOTE SPIRIRUALITY AND HEARFULNESS MEDITAON, WELLBEING AND POSITIVE LIFESTYLE CHANGES, WHICH IS ALSO THE MISSION OF THE ORGANIZATION.COLLABORATE WITH POLICY MAKERS AND GOVT OFFICIALS TO BRING MEDITATION INTO MAINSTREAM OF THE SOCIETY.COLLABORATE WITH COMMUNITY GROUPS, ORGANIZATIONS AND CULTURAL ENTITIES TO ENABLE AWARENESS AND ADOPTION OF HEARTFULNESS MEDITATION.

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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 $1,709,364

Program Service Revenue $184,355

Investment Income $164,282

Other Revenue $0

TOTAL REVENUE $2,058,001

Expense Breakdown

Grants Paid $2,750,000

Salaries & Benefits $0

Fundraising Expenses $10,384

Program Expenses $3,482,310

Other Expenses $837,929

TOTAL EXPENSES $3,587,929

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,058,001	$1,376,878	+0.5%
Expenses	$3,587,929	$634,188	+4.7%
Net Income	$-1,529,928	$742,690	-3.1%

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
JAYARAM THIMMAPURAM	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTOPHER THOMAS MILLS	DIRECTOR	1.00	Director	$0	$0	$0
KAMINI KHANJEE	DIRECTOR	1.00	Director	$0	$0	$0
UDAYKUMAR ADDANKI	DIRECTOR	1.00	Director	$0	$0	$0
GIRISH DIXIT	PRESIDENT	5.00	Officer	$0	$0	$0
BALAJI IYER	VICE PRESIDENT	10.00	Officer	$0	$0	$0
NARENDRA KINI	SECRETARY	30.00	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
2024	No data	No data	No data	No data
2023	$2,058,001	$3,587,929	$3,334,638	$-1,529,928
2022	$1,376,878	$634,188	$4,874,330	$742,690
2021	$2,344,282	$478,395	$4,090,930	$1,865,887
2020	$1,024,068	$300,116	$2,162,459	$723,952
2019	$920,692	$397,800	$1,439,812	$522,892
2018	$941,624	$543,545	$975,873	$398,079