CLARAS HEART

EIN: 813258196 501(c)(3)

Memphis, TN

Total Revenue
$30
Total Expenses
$159
Total Assets
N/A
Net Assets
$-1,544
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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
TN
Principal Officer
ANGELA HUGHES
Phone
2408931670
Tax Period
2020-01-01 to 2020-12-31

CLARAS HEART, founded in 2016, is a micro nonprofit that reported $30 in total revenue in fiscal year 2020. Revenue surged 50% from the prior year, signaling strong growth momentum. Expenses of $159 exceeded revenue, resulting in a 430% operating deficit.

Mission

HUMAN SERVICE

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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 $30
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $30

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $159
TOTAL EXPENSES $159

Year-over-Year Comparison

2020 2019 Change
Revenue $30 $20 +0.5%
Expenses $159 $394 -0.6%
Net Income $-129 $-374 -0.7%
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
1
Independent Members
N/A
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
1
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANGELA HUGHES DIRECTOR 010.00
Officer 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
2020 $30 $159 No data $-129
2019 $20 $394 No data $-374
2018 No data $969 No data No data
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