ROBOT HEART FOUNDATION INC (EIN 821843669) - 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

2017

Legal Domicile

Principal Officer

ROBERT TORTI

Phone

2123816133

Tax Period

2023-01-01 to 2023-12-31

ROBOT HEART FOUNDATION INC, founded in 2017, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.4M in total revenue in fiscal year 2023. Revenue fell 47% from the prior year — a significant decline worth monitoring. Expenses of $1.3M left a modest 5% surplus.

Mission

ROBOT HEART FOUNDATION WAS FORMED TO ADVANCE PUBLIC APPRECIATION OF THE ARTS BY (I) CONDUCTING ARTISTIC EVENTS AND EXHIBITIONS FEATURING MUSIC, VISUAL ARTS, ART INSTALLATIONS AND PERFORMING ARTS, (II) MAKING GRANTS TO ARTISTS TO PRODUCE ARTWORKS, AND (III) MAKING GRANTS TO OTHER SECTION 501(C)(3) ORGANIZATIONS FOR CHARITABLE PURPOSES.

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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 $778,978

Program Service Revenue $637,122

Investment Income $-6,237

Other Revenue $0

TOTAL REVENUE $1,409,863

Expense Breakdown

Grants Paid $0

Salaries & Benefits $169,838

Fundraising Expenses $33,968

Program Expenses $1,089,850

Other Expenses $1,168,843

TOTAL EXPENSES $1,338,681

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,409,863	$2,655,460	-0.5%
Expenses	$1,338,681	$2,692,025	-0.5%
Net Income	$71,182	$-36,565	-2.9%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

250

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

$173,833

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT TORTI	TREASURER	10.00	Officer	$18,000	$0	$18,000
GARY MULLER	PRESIDENT	2.00	Officer	$0	$0	$0
ROBERT SCOTT	SECRETARY	2.00	Officer	$0	$0	$0
PENELOPE CHESTER	EXECUTIVE DIRECTOR	40.00	Officer	$155,833	$0	$155,833

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	$1,409,863	$1,338,681	$331,809	$71,182
2022	$2,655,460	$2,692,025	$7,774	$-36,565
2021	$310,320	$285,759	$44,339	$24,561
2020	$47,597	$53,908	$19,778	$-6,311
2019	$92,372	$110,920	$26,089	$-18,548
2018	$193,944	$172,639	$44,637	$21,305

ROBOT HEART FOUNDATION INC