HEALING HEART PROJECT (EIN 814179639) - 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

JOY PARMAN

Phone

9043140533

Tax Period

2024-01-01 to 2024-12-31

HEALING HEART PROJECT, founded in 2016, is a small nonprofit in the Health Care sector that reported $175K in total revenue in fiscal year 2024. Revenue fell 21% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $35K, a strong 20% operating margin.

Mission

THE MISSION OF HEALING HEARTS PROJECT IS TO PROVIDE SUPPORT TO FAMILIES AND PATIENTS AS THEY FACE THE CHALLANGES OF HEART DISEASE.

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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 $174,512

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $174,512

Expense Breakdown

Grants Paid $0

Salaries & Benefits $48,443

Fundraising Expenses $0

Program Expenses $139,638

Other Expenses $91,195

TOTAL EXPENSES $139,638

Year-over-Year Comparison

	2024	2023	Change
Revenue	$174,512	$220,794	-0.2%
Expenses	$139,638	$126,626	+0.1%
Net Income	$34,874	$94,168	-0.6%

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

N/A

Employees

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

$45,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOY PARMAN	EXECUTIVE DI	40.00	Officer	$45,000	$0	$45,000

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	$174,512	$139,638	$330,789	$34,874
2023	$220,794	$126,626	$295,919	$94,168

HEALING HEART PROJECT