HEALING MINDS NOLA (EIN 813945765) - 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

2016

Legal Domicile

Principal Officer

JANET HAYS DIRECTOR

Phone

5042746091

Tax Period

2024-01-01 to 2024-12-31

HEALING MINDS NOLA, founded in 2016, is a small nonprofit in the Mental Health sector that reported $175K in total revenue in fiscal year 2024. Expenses of $193K exceeded revenue, resulting in a 10% operating deficit.

Mission

TO ADVOCATE FOR A FULL CONTINUUM OF COORDINATED PSYCHIATRIC TREATMENT AND CARE THAT INCLUDES ADEQUATE BED CAPACITY FOR ACUTE, STEP DOWN AND COMMUNITY CARE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $38,770

Program Service Revenue $136,312

Investment Income $0

Other Revenue $0

TOTAL REVENUE $175,082

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $186,494

Other Expenses $192,976

TOTAL EXPENSES $192,976

Year-over-Year Comparison

	2024	2023	Change
Revenue	$175,082	$164,578	+0.1%
Expenses	$192,976	$158,731	+0.2%
Net Income	$-17,894	$5,847	-4.1%

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

$70,850

Total Directors

$70,850

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JANET HAYS	PRESIDENT DIRECTOR	50.00	Officer Director	$70,850	$0	$70,850
ANNE MOREL	SECRETARY TREASURER	1.00	Officer	$0	$0	$0
DEBI CAFFERY DAVIES	VICE PRESIDENT	1.00	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	$175,082	$192,976	$51,051	$-17,894
2023	$164,578	$158,731	$68,945	$5,847

HEALING MINDS NOLA