THOMAS HITMAN HEARNS FOUNDATION

EIN: 822279570 501(c)(3)

GROSSE POINTE FARMS, MI

Total Revenue
$7,600
Total Expenses
N/A
Total Assets
$12,600
Net Assets
$7,600
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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
MI
Principal Officer
THOMAS J HEARNS
Tax Period
2018-01-01 to 2018-12-31

THOMAS HITMAN HEARNS FOUNDATION, founded in 2017, is a micro nonprofit that reported $8K in total revenue in fiscal year 2018.

Mission

THE ORGANIZATIONS MISSION IS TO IMPACT THE LIVES OF LOCAL COMMUNITY MEMBERS BY PROVIDING EDUCATIONAL PROGRAMS THAT BUILD CHARACTER AND HELP DEVELOP LIFE SKILLS THROUGH TRAINING AND EDUCATION IN THE SCIENCE AND ART OF SELF-DEFENSE AND BOXING.

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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 (2018)

Revenue Breakdown

Contributions & Grants $7,600
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $7,600

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $0
TOTAL EXPENSES $0

Year-over-Year Comparison

2018 2017 Change
Revenue $7,600 N/A N/A
Expenses N/A N/A N/A
Net Income N/A N/A N/A
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
8
Independent Members
8
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
2
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
THOMAS J HEARNS PRESIDENTDIRECTOR 25.00
Officer Director
$0 $0 $0
ERROL SERVICE SECRETARYTREASURERDIRECTOR 5.00
Officer Director
$0 $0 $0
BRIAN R SULLIVAN DIRECTOR 5.00
Director
$0 $0 $0
MICHAEL A CARRON DIRECTOR 5.00
Director
$0 $0 $0
CHRISTOPHER GAMBLE DIRECTOR 5.00
Director
$0 $0 $0
JOHN COLOMBO DIRECTOR 5.00
Director
$0 $0 $0
GEORGE YOO DIRECTOR 5.00
Director
$0 $0 $0
MARY HUNTER DIRECTOR 5.00
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
2018 $7,600 No data $12,600 No data
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