HEME FOUNDATION

EIN: 852693882 501(c)(3) Medical Research

WALNUTPORT, PA

Total Revenue
$1,472,521
Total Expenses
$200,151
Total Assets
$460,164
Net Assets
$460,164
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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
2022
Legal Domicile
PA
Principal Officer
JONATHAN BARKMAN
Tax Period
2023-01-01 to 2023-12-31

HEME FOUNDATION, founded in 2022, is a community nonprofit in the Medical Research sector that reported $1.5M in total revenue in fiscal year 2023. The organization ran a surplus of $1.3M, a strong 86% operating margin.

Mission

DEVELOP A DRUG THAT ACTS AS A BLOOD SUBSTITUTE OXYGENATION DRUG READILY AVAILABLE IN UNLIMITED SUPPLY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,997,865
Program Service Revenue $0
Investment Income $-525,344
Other Revenue $0
TOTAL REVENUE $1,472,521

Expense Breakdown

Grants Paid $0
Salaries & Benefits $92,311
Fundraising Expenses $0
Program Expenses $112,557
Other Expenses $107,840
TOTAL EXPENSES $200,151

Year-over-Year Comparison

2023 2022 Change
Revenue $1,472,521 N/A N/A
Expenses $200,151 N/A N/A
Net Income $1,272,370 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
3
Independent Members
3
Employees
1
Volunteers
3

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
$85,369
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JONATHAN BARKMAN BOARD CHAIR 3.00
Officer
$85,369 $0 $85,369
GUY PLATT BOARD MEMBER 3.00
Director
$0 $0 $0
JOSH ONIA BOARD MEMBER 3.00
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 No data No data No data No data
2023 $1,472,521 $200,151 $460,164 $1,272,370
2023 $1,472,521 $200,151 $460,164 $1,272,370
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