PATRICK SCHOONOVER HEART FOUNDATION (EIN 811763675) - 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

2015

Legal Domicile

Principal Officer

MICHAEL J SCHOONOVER

Phone

6512836756

Tax Period

2023-01-01 to 2023-12-31

PATRICK SCHOONOVER HEART FOUNDATION, founded in 2015, is a small nonprofit in the Health Care sector that reported $202K in total revenue in fiscal year 2023. Revenue surged 185% from the prior year, signaling strong growth momentum. The organization ran a surplus of $156K, a strong 77% operating margin.

Mission

THE FOUNDATION WAS CREATED TO HELP PROTECT YOUNG ADULTS IN THE COMMUNITY FROM SUDDEN CARDIAC ARREST ("SCA") BY PROVIDING PROGRAMS THAT PERMIT EARLY DETECTION OF HEART DEFECTS AND CARDIOVASCULAR CONDITIONS, ACCESS TO DEFIBRILLATION AND EDUCATION THAT INCREASES AWARENESS. THE FOUNDATION WORKS COLLABORATIVELY WITH MEDICAL PROFESSIONALS AND OTHER ORGANIZATIONS TO IDENTIFY HEART DEFECTS AND ELIMINATE SCA IN YOUNG ADULTS BY ORGANIZING AND FACILITATING YOUTH HEART SCREENINGS AND TRAINING STUDENTS TO PERFORM "HANDS ONLY" CARDIOPULMONARY RESUSCITATION ("CPR") AND TO USE AUTOMATED EXTERNAL DEFIBRILLATORS ("AED").

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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 $200,826

Program Service Revenue $0

Investment Income $0

Other Revenue $728

TOTAL REVENUE $201,554

Expense Breakdown

Grants Paid $5,388

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $44,243

Other Expenses $40,112

TOTAL EXPENSES $45,500

Year-over-Year Comparison

	2023	2022	Change
Revenue	$201,554	$70,793	+1.8%
Expenses	$45,500	$55,477	-0.2%
Net Income	$156,054	$15,316	+9.2%

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

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
MICHAEL J SCHOONOVER	PRESIDENT	10.00	Officer Director	$0	$0	$0
GAYLE B SCHOONOVER	VICE PRESIDE	10.00	Officer Director	$0	$0	$0
ANDREW J MUNTIFERING	TREASURER	0.50	Officer Director	$0	$0	$0
GEORGE H SINGER	SECRETARY	0.50	Officer Director	$0	$0	$0
KIMBERLY K HARKINS	DIRECTOR	0.50	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
2023	$201,554	$45,500	$291,067	$156,054

PATRICK SCHOONOVER HEART FOUNDATION