HEART OF THE BRAIN FOUNDATION (EIN 834187792) - 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

2019

Legal Domicile

Principal Officer

REBECCA NEIDORF

Phone

3104815800

Tax Period

2023-07-01 to 2024-06-30

HEART OF THE BRAIN FOUNDATION, founded in 2019, is a small nonprofit in the Medical Research sector that reported $646K in total revenue in fiscal year 2023. Expenses of $567K left a modest 12% surplus.

Mission

HEART OF THE BRAIN FOUNDATION WILL RAISE MONEY TO FUND RESEARCH TO FIND CURES FOR BRAIN CANCER AT VARIOUS TAX-EXEMPT, PUBLICLY SUPPORTED MEDICAL INSTITUTIONS. THE FOUNDATION'S ACTIVITIES WILL BE CONDUCTED PRIMARILY IN LOS ANGELES THROUGH VARIOUS FUNDRAISING ACTIVITIES. THERE WILL BE A MAIN EVENT EACH YEAR SUPPORTED BY OTHER ANCILLARY EVENTS ALONG WITH SOCIAL MEDIA CAMPAIGNS. THE FOUNDATION WILL DEVOTE 100% OF ITS TIME TO THE PLANNED ACTIVITIES.

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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 $577,179

Program Service Revenue $0

Investment Income $174

Other Revenue $68,678

TOTAL REVENUE $646,031

Expense Breakdown

Grants Paid $500,000

Salaries & Benefits $17,500

Fundraising Expenses $0

Program Expenses $500,000

Other Expenses $49,059

TOTAL EXPENSES $566,559

Year-over-Year Comparison

	2023	2022	Change
Revenue	$646,031	$608,959	+0.1%
Expenses	$566,559	$542,822	+0.0%
Net Income	$79,472	$66,137	+0.2%

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

N/A

Independent Members

N/A

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

$17,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
REBECCA NEIDORF	PRESIDENT & DIRECTOR	2.00	Officer Director	$0	$0	$0
MICHAEL NEIDORF	CFO & DIRECTOR	2.00	Officer Director	$0	$0	$0
ZINA BLOCK	SECRETARY & DIRECTOR	2.00	Officer Director	$0	$0	$0
COLETTE WEINTRAUB	EXECUTIVE DIRECTOR	2.00	Director	$17,500	$0	$17,500

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	$646,031	$566,559	$382,484	$79,472
2024	No data	No data	No data	No data
2023	$608,959	$542,822	$346,105	$66,137
2022	$631,645	$674,428	$319,983	$-42,783

HEART OF THE BRAIN FOUNDATION