LOCAL HEART FOUNDATION (EIN 822809813) - 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

DR COREY FOSTER

Phone

3374772827

Tax Period

2024-01-01 to 2024-12-31

LOCAL HEART FOUNDATION, founded in 2017, is a micro nonprofit in the Diseases & Disorders sector that reported $58K in total revenue in fiscal year 2024. Revenue fell 36% from the prior year — a significant decline worth monitoring. Expenses of $89K exceeded revenue, resulting in a 54% operating deficit.

Mission

PARTNER WITH THE COMMUNITY TO ASSIST INDIVIDUALS WITH FINANCIAL BURDENS WHILE UNDERGOING TREATMENT FOR HEART RELATED CONDITIONS. THE FOUNDATION DOES NOT DISCRIMINATED ON THE BASIS OF RACE, CREED, ANCESTRY, MARITAL STATUS, GENDER, SEXUAL ORIENTATION, AGE, PHYSICAL DISABILITY, VETERAN'S STATUS, POLITICAL AFFILIATION, COLOR, RELIGION OR NATIONAL ORIGIN.

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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 $47,023

Program Service Revenue $0

Investment Income $0

Other Revenue $10,497

TOTAL REVENUE $57,520

Expense Breakdown

Grants Paid $87,474

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $87,474

Other Expenses $1,292

TOTAL EXPENSES $88,766

Year-over-Year Comparison

	2024	2023	Change
Revenue	$57,520	$90,062	-0.4%
Expenses	$88,766	$72,250	+0.2%
Net Income	$-31,246	$17,812	-2.8%

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
MICHAEL RICHARD	VICE PRESIDENT	1.00	Director	$0	$0	$0
BETHANY BRYANT	DIRECTOR	1.00	Director	$0	$0	$0
CANDI BABIN	SECRETARY	1.00	Director	$0	$0	$0
CLAUDIA LOGNION	TREASURER	1.00	Director	$0	$0	$0
DR COREY FOSTER	PRESIDENT & CEO	1.00	Director	$0	$0	$0
STACIE ADAMS	EXECUTIVE DIR.	40.00	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
2024	$57,520	$88,766	$546,053	$-31,246
2023	$90,062	$72,250	$577,299	$17,812
2022	$40,457	$55,513	$559,343	$-15,056
2021	$174,805	$141,114	$574,399	$33,691
2020	$283,511	$95,064	$540,708	$188,447
2019	$272,567	$109,268	$352,261	$163,299
2018	$249,197	$60,235	$188,962	$188,962

LOCAL HEART FOUNDATION