IAMHEART INC (EIN 812101269) - 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

1998

Legal Domicile

Tax Period

2023-09-01 to 2024-08-31

IAMHEART INC, founded in 1998, is a small nonprofit in the Human Services sector that reported $867K in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year.

Mission

Teach meditation personal healing and self spirituality

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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 $162,942

Program Service Revenue $701,357

Investment Income $3,196

Other Revenue $0

TOTAL REVENUE $867,495

Expense Breakdown

Grants Paid $0

Salaries & Benefits $357,207

Fundraising Expenses $0

Program Expenses $693,794

Other Expenses $548,927

TOTAL EXPENSES $906,134

Year-over-Year Comparison

	2023	2022	Change
Revenue	$867,495	$978,290	-0.1%
Expenses	$906,134	$973,705	-0.1%
Net Income	$-38,639	$4,585	-9.4%

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

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

$154,032

Total Directors

Key Employees

$138,992

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Susanna Bair	President	40.00	Officer	$95,040	$0	$95,040
Gerred Clarke	CEO	40.00	Key Emp	$80,000	$0	$80,000
Puran Bair	Vice President and Treasurer	40.00	Officer Key Emp	$58,992	$0	$58,992
Linda Turner	Director	5.00	Director	$0	$0	$0
Steven Winn	Chairman of the Board	5.00	Director	$0	$0	$0
Dee Oneill	Director	5.00	Director	$0	$0	$0
Frank Cluck	Director	5.00	Director	$0	$0	$0
Susan Shawn	Secretary	0.00	Officer	$0	$0	$0
John Carpenter	Treasurer	5.00		$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	$867,495	$906,134	$245,749	$-38,639
2023	$978,290	$973,705	$300,191	$4,585
2022	$870,948	$995,040	$385,184	$-124,092
2021	$924,954	$922,505	$440,342	$2,449
2018	$960,192	$980,452	$170,105	$-20,260

IAMHEART INC