HERBAN FOUNDATION NFP

EIN: 814238038 501(c)(3)

CHICAGO, IL

Total Revenue
$14,847
Total Expenses
$69,563
Total Assets
$315,520
Net Assets
$315,520
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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
IL
Principal Officer
BARRY HOWARD
Phone
7739695745
Tax Period
2021-01-01 to 2021-12-31

HERBAN FOUNDATION NFP, founded in 2016, is a micro nonprofit that reported $15K in total revenue in fiscal year 2021. Revenue fell 99% from the prior year — a significant decline worth monitoring. Expenses of $70K exceeded revenue, resulting in a 369% operating deficit.

Mission

THE ORGANIZATION'S MISSION IS TO INCREASE THE ACCESSIBILITY OF LOCALLY GROWN PRODUCE BY IMPLEMENTING SUSTAINABLE GARDENING METHODS IN THOSE URBAN SETTINGS.

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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 (2021)

Revenue Breakdown

Contributions & Grants $14,847
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $14,847

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $69,563
Other Expenses $69,563
TOTAL EXPENSES $69,563

Year-over-Year Comparison

2021 2020 Change
Revenue $14,847 $1,066,256 -1.0%
Expenses $69,563 $218,804 -0.7%
Net Income $-54,716 $847,452 -1.1%
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

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Governance

Voting Members
2
Independent Members
2
Employees
N/A
Volunteers
20

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
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BARRY HOWARD DIRECTOR 4.00
Director
$0 $0 $0
ALICIA NESBARY MOORE DIRECTOR 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
2021 $14,847 $69,563 $315,520 $-54,716
2020 $1,066,256 $218,804 $384,580 $847,452
2018 $31,656 $255,607 $1,055,105 $-223,951
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