Simple Heart Initiative (EIN 882248389) - 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

2022

Legal Domicile

Principal Officer

Wayne Hsiung

Phone

5106800101

Tax Period

2024-01-01 to 2024-12-31

Simple Heart Initiative, founded in 2022, is a small nonprofit in the Animal-Related sector that reported $263K in total revenue in fiscal year 2024. Revenue fell 55% from the prior year — a significant decline worth monitoring.

Mission

Educate the public re: environmentalism and animal cruelty.

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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 $263,489

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $263,489

Expense Breakdown

Grants Paid $0

Salaries & Benefits $24,750

Fundraising Expenses $0

Program Expenses $269,261

Other Expenses $251,506

TOTAL EXPENSES $276,256

Year-over-Year Comparison

	2024	2023	Change
Revenue	$263,489	$585,434	-0.5%
Expenses	$276,256	$317,766	-0.1%
Net Income	$-12,767	$267,668	-1.0%

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

Volunteers

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
Wayne Hsiung	President	10.00	Officer Director	$0	$0	$0
Almira Tanner	Director	1.00	Director	$0	$0	$0
Jonathan Frohnmayer	Director	1.00	Director	$0	$0	$0
Dean Wyrzykowski	Treasurer	15.00	Officer Director	$0	$0	$0
Priya Sawhney	Secretary	1.00	Officer 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	$263,489	$276,256	$362,341	$-12,767
2023	$585,434	$317,766	$375,108	$267,668

Simple Heart Initiative