JOE BERETTA FOUNDATION

EIN: 813849103 501(c)(3) Diseases & Disorders

MOUNT JULIET, TN

Total Revenue
$421,605
Total Expenses
$157,590
Total Assets
$573,425
Net Assets
$573,425
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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
Phone
6158527804
Tax Period
2023-01-01 to 2023-12-31

JOE BERETTA FOUNDATION, founded in 2016, is a small nonprofit in the Diseases & Disorders sector that reported $422K in total revenue in fiscal year 2023. Revenue surged 115% from the prior year, signaling strong growth momentum. The organization ran a surplus of $264K, a strong 63% operating margin.

Mission

TO meet the essential non-medical needs of advanced heart failure patients and families

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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 (2023)

Revenue Breakdown

Contributions & Grants $363,700
Program Service Revenue $0
Investment Income $0
Other Revenue $57,905
TOTAL REVENUE $421,605

Expense Breakdown

Grants Paid $55,756
Salaries & Benefits $79,420
Fundraising Expenses $4,920
Program Expenses $120,893
Other Expenses $22,414
TOTAL EXPENSES $157,590

Year-over-Year Comparison

2023 2022 Change
Revenue $421,605 $195,785 +1.2%
Expenses $157,590 $188,815 -0.2%
Net Income $264,015 $6,970 +36.9%
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
22
Independent Members
22
Employees
2
Volunteers
50

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
0
$0
Total Directors
21
$0
Key Employees
2
$76,632
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
David Shepherd Executive Director 40.00
Key Emp
$52,000 $10,832 $62,832
Lillian Beretta Board President 5.00
Director
$0 $0 $0
Andrew Wharton Board Vice President 2.00
Director
$0 $0 $0
Ken Schnarrs Board Treasurer 2.00
Director
$0 $0 $0
Gabrielle Shepherd Board Secretary 5.00
Director
$0 $0 $0
Marla Cochran Program Support Staff 7.00
Key Emp
$13,800 $0 $13,800
Angelo Roman Board Member 5.00
Director
$0 $0 $0
Beth Roman Board Member 1.00
Director
$0 $0 $0
Bob Dougherty Board Member 1.00
Director
$0 $0 $0
Gloria Andreozzi Board Member 2.00
Director
$0 $0 $0
Joseph Beretta Board Member 1.00
Director
$0 $0 $0
Samantha Beretta Board Member 1.00
Director
$0 $0 $0
Nadine Oglesby Board Member 1.00
Director
$0 $0 $0
Lynn Turner Board Member 1.00
Director
$0 $0 $0
Cayce Ray 1.00
Director
$0 $0 $0
Erin Hutlinger Board Member 1.00
Director
$0 $0 $0
Sharon Smith Board Member 2.00
Director
$0 $0 $0
Albert Jones Board Member 1.00
Director
$0 $0 $0
Yancy Belcher Board Member 1.00
Director
$0 $0 $0
Daniel Roman Board Member 1.00
Director
$0 $0 $0
Mark Wasko Board Member 1.00
Director
$0 $0 $0
Donald Andreozzi Board Member 1.00
Director
$0 $0 $0
Carrie Burdy Board Member 1.00
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
2024 No data No data No data No data
2023 $421,605 $157,590 $573,425 $264,015
2022 $195,785 $188,815 $309,410 $6,970
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