FOUNDATION FOR CARDIOVASCULAR CARE IN AFRICA (EIN 884260843) - 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

WENDY BENNETT

Phone

9529290315

Tax Period

2024-07-01 to 2025-06-30

FOUNDATION FOR CARDIOVASCULAR CARE IN AFRICA, founded in 2022, is a community nonprofit in the Health Care sector that reported $1.4M in total revenue in fiscal year 2024. Revenue surged 193% from the prior year, signaling strong growth momentum. Expenses of $1.6M exceeded revenue, resulting in a 12% operating deficit.

Mission

THE FOUNDATION FOR CARDIOVASCULAR CARE IN AFRICA'S MISSION IS TO SAVE LIVES BY DEVELOPING COMPREHENSIVE CARDIAC CARE SYSTEMS IN AFRICA, ESPECIALLY FOR CHILDREN AND YOUNG ADULTS LIVING IN POVERTY.

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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 $1,403,753

Program Service Revenue $0

Investment Income $-130

Other Revenue $1,728

TOTAL REVENUE $1,405,351

Expense Breakdown

Grants Paid $1,439,679

Salaries & Benefits $0

Fundraising Expenses $690

Program Expenses $1,549,728

Other Expenses $138,415

TOTAL EXPENSES $1,578,094

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,405,351	$479,809	+1.9%
Expenses	$1,578,094	$23,530	+66.1%
Net Income	$-172,743	$456,279	-1.4%

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

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
WENDY BENNETT	PRESIDENT	30.00	Officer Director	$0	$0	$0
JOHN KNOEDLER	TREASURER	2.00	Officer Director	$0	$0	$0
MICHAEL NELSON	DIRECTOR	3.00	Director	$0	$0	$0
CARMELO PANETTA	DIRECTOR	2.00	Director	$0	$0	$0
MATT BORCHARDT	DIRECTOR	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
2025	$1,405,351	$1,578,094	$289,558	$-172,743
2024	$479,809	$23,530	$465,006	$456,279

FOUNDATION FOR CARDIOVASCULAR CARE IN AFRICA