SHLOFMITZ HEART FOUNDATION INC ATT… - Form 990 Financial Data

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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

RICHARD SHLOFMITZ

Phone

5162779700

Tax Period

2023-01-01 to 2023-12-31

SHLOFMITZ HEART FOUNDATION INC ATTNDDK, founded in 2016, is a small nonprofit in the Health Care sector that reported $181K in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $257K exceeded revenue, resulting in a 42% operating deficit.

Mission

THE MISSION OF THE SHLOFMITZ HEART FOUNDATION (SHF) IS TO CONTRIBUTE TO THE ADVANCEMENT AND ENHANCEMENT OF CARDIAC CARE, WELL BEING, RESEARCH AND EDUCATION. SHF WILL MAKE GRANTS TO OTHER ORGANIZATIONS FOR UNMET NEEDS IN THE AREA OF HEALTHCARE AND OTHER SIMILAR CHARITABLE PURPOSES.

Program Service Accomplishments

Program 1

Expenses: $253,500

CONTRIBUTE TO THE ADVANCEMENT AND ENHANCEMENT OF CARDIAC CARE, WELL BEING, RESEARCH AND EDUCATION.

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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 (2023)

Revenue Breakdown

Contributions & Grants $181,375

Program Service Revenue $0

Investment Income $19

Other Revenue $0

TOTAL REVENUE $181,394

Expense Breakdown

Grants Paid $253,500

Salaries & Benefits $0

Fundraising Expenses $364

Program Expenses $253,500

Other Expenses $3,489

TOTAL EXPENSES $256,989

Year-over-Year Comparison

	2023	2022	Change
Revenue	$181,394	$148,570	+0.2%
Expenses	$256,989	$270,365	0.0%
Net Income	$-75,595	$-121,795	-0.4%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD SHLOFMITZ	PRESIDENT	2.00	Officer Director	$0	$0	$0
LINDA SHLOFMITZ	TREASURER	2.00	Officer Director	$0	$0	$0
EVAN SHLOFMITZ	DIRECTOR	2.00	Officer Director	$0	$0	$0
MICHAEL SHLOFMITZ	DIRECTOR	2.00	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
2024	No data	No data	No data	No data
2023	$181,394	$256,989	$196,212	$-75,595
2022	$148,570	$270,365	$271,807	$-121,795
2021	$260,724	$178,200	$393,602	$82,524
2020	$259,461	$104,491	$311,078	$154,970
2019	$5,258	$40,075	$156,108	$-34,817
2018	$38,350	$48,550	$190,925	$-10,200

SHLOFMITZ HEART FOUNDATION INC ATTNDDK