Head Foundation Inc

EIN: 842988392 501(c)(3)

Davenport, FL

Total Revenue
$18,935
Total Expenses
$151,932
Total Assets
$1,905
Net Assets
$-48,902
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
FL
Principal Officer
Italya Head
Phone
2282240315
Tax Period
2020-01-01 to 2020-12-31

Head Foundation Inc, founded in 2019, is a micro nonprofit that reported $19K in total revenue in fiscal year 2020. Revenue fell 99% from the prior year — a significant decline worth monitoring. Expenses of $152K exceeded revenue, resulting in a 702% operating deficit.

Mission

Head Foundation Inc is formed for the charitable purposes of providing aid and relief support to individuals and organizations in the Commonwealth of the Bahamas and in US that have been affected by natural disasters.

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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 (2020)

Revenue Breakdown

Contributions & Grants $5,185
Program Service Revenue $0
Investment Income $0
Other Revenue $13,750
TOTAL REVENUE $18,935

Expense Breakdown

Grants Paid $47,277
Salaries & Benefits $64,851
Fundraising Expenses $0
Program Expenses $47,277
Other Expenses $39,804
TOTAL EXPENSES $151,932

Year-over-Year Comparison

2020 2019 Change
Revenue $18,935 $1,379,297 -1.0%
Expenses $151,932 $1,295,202 -0.9%
Net Income $-132,997 $84,095 -2.6%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
5
Employees
2
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
1
$51,212
Total Directors
6
$59,812
Key Employees
1
$51,212
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Italya Head President 015.00
Officer Director Key Emp Highest
$51,212 $0 $51,212
Chad Rigby Director 005.00
Director Highest
$8,600 $0 $8,600
Mary Head Treasurer 002.00
Director
$0 $0 $0
Tamika Lighbourne Secretary 002.00
Director
$0 $0 $0
Roberta Shields Director 002.00
Director
$0 $0 $0
Rachela Tirelli Director 002.00
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
2020 $18,935 $151,932 $1,905 $-132,997
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