22 HEARTBEATS (EIN 843530820) - 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

2020

Legal Domicile

Principal Officer

JOSEPH TRADER

Phone

4027091914

Tax Period

2021-01-01 to 2021-12-31

22 HEARTBEATS, founded in 2020, is a micro nonprofit that reported $4K in total revenue in fiscal year 2021. Revenue fell 74% from the prior year — a significant decline worth monitoring. Expenses of $11K exceeded revenue, resulting in a 196% operating deficit.

Mission

TO FIND THE CONTRAST BETWEEN SUCCESSFUL COMBAT VETERANS AND VETERANS WHO HAVE BEEN UNABLE TO PROPERLY TRANSITION BACK INTO CIVILIZATION LIFE. WE ALSO AIM TO CREATE A HYPOTHESIS AND AWARENESS FOR THE SUICIDE EPIDEMIC AFFECTING OUR VETERANS, FAMILIES AND SOCIETY AS A WHOLE. IN DOING SO WE AIM TO PROVIDE RESOURCES FOR VETERANS TRANSITIONING HOME AND END VETERN HOMELESSNESS ALL TOGETHER BY RAISING FUNDS AND PREPARING TO BUILD A HOMELESS VETERAN COMMUNITY VILLAGE IN OMAHA, FUND PANELS AND RESEARCH, DOCUMENTARY PRODUCTION AND CREATION.

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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 (2021)

Revenue Breakdown

Contributions & Grants $3,868

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $3,868

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $10,595

Other Expenses $11,430

TOTAL EXPENSES $11,430

Year-over-Year Comparison

	2021	2020	Change
Revenue	$3,868	$15,161	-0.7%
Expenses	$11,430	$9,596	+0.2%
Net Income	$-7,562	$5,565	-2.4%

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
JUSTIN DIGGINS	DIRECTOR	N/A	Director	$0	$0	$0
ERIC EGGINK	DIRECTOR	N/A	Director	$0	$0	$0
ROBERT MCCRACKEN	DIRECTOR	N/A	Director	$0	$0	$0
RAY DELIA	VICE-PRESIDE	N/A	Officer	$0	$0	$0
CORDERO HANSEN	SECRETARY	N/A	Officer	$0	$0	$0
JOSEPH TRADER	PRESIDENT	20.00	Officer	$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
2021	$3,868	$11,430	No data	$-7,562
2020	$15,161	$9,596	$5,565	$5,565

22 HEARTBEATS