GRATEFUL HEART FOUNDATION (EIN 920787196) - 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

Phone

8778295500

Tax Period

2024-01-01 to 2024-12-31

GRATEFUL HEART FOUNDATION, founded in 2022, is a micro nonprofit in the Education sector that reported $4K in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $9K exceeded revenue, resulting in a 131% operating deficit.

Mission

THE MISSION OF THE GRATEFUL HEART FOUNDATION IS TO FUND AND SUPPORT EDUCATION AND SKILL-ACQUISITION TRAINING FOR MINORITIES IN IMPOVERISHED NEIGHBORHOODS IN CALIFORNIA AND NIGERIA.

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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 $3,750

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $3,750

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $8,670

Other Expenses $8,670

TOTAL EXPENSES $8,670

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,750	$3,000	+0.3%
Expenses	$8,670	$1,250	+5.9%
Net Income	$-4,920	$1,750	-3.8%

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
FERDINAND UDEOLISA	CEO	40.00	Officer	$0	$0	$0
VANESSA MAILS	CFO	40.00	Officer	$0	$0	$0
AUGUSTA ONWUZULIKE	SECRETARY	40.00	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
2024	$3,750	$8,670	No data	$-4,920
2023	$3,000	$1,250	No data	$1,750

GRATEFUL HEART FOUNDATION