HEART ATTACK ETHIOPIA INC

EIN: 932710181 501(c)(3) Health Care

Peachtree City, GA

Total Revenue
$1,911,929
Total Expenses
$1,798,231
Total Assets
$128,938
Net Assets
$116,318
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2023
Legal Domicile
GA
Principal Officer
Obsinet Merid
Phone
4047933389
Tax Period
2024-01-01 to 2024-12-31

HEART ATTACK ETHIOPIA INC, founded in 2023, is a community nonprofit in the Health Care sector that reported $1.9M in total revenue in fiscal year 2024. Revenue surged 69857% from the prior year, signaling strong growth momentum. Expenses of $1.8M left a modest 6% surplus.

Mission

Heart Attack Ethiopia Inc. ("HAE") is a nonprofit organization founded by two Ethiopian-American physicians that are dedicated to combating the alarming increase in the premature death rates resulting from heart attacks and strokes in Ethiopia and other African countries. With a mission to save lives and improve cardiovascular health, we are committed to making a lasting impact on the communities we serve. We aspire to inspire and catalyze positive changes focused on cardiovascular health and timely care delivery throughout Africa. We are paving the way for a healthier Ethiopia by saving one heart at a time and leaving no heart behind.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,911,929
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,911,929

Expense Breakdown

Grants Paid $37,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,786,696
Other Expenses $1,761,231
TOTAL EXPENSES $1,798,231

Year-over-Year Comparison

2024 2023 Change
Revenue $1,911,929 $2,733 +698.6%
Expenses $1,798,231 $113 +15912.5%
Net Income $113,698 $2,620 +42.4%
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

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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
3
Employees
N/A
Volunteers
56

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
12
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Tesfaye Telila Founder 20
Officer Director
$0 $0 $0
Obsinet Merid President and CEO 20
Officer Director
$0 $0 $0
Taressa Wills Vice President 5
Officer Director
$0 $0 $0
Jon-Alan Manning Director of Philanthropy 5
Officer Director
$0 $0 $0
James Kauten Co-Director of Philanthropy 5
Officer Director
$0 $0 $0
Michael Conaway Chief Financial Officer 5
Officer Director
$0 $0 $0
Jack Carlson Chairman of the Board 5
Officer Director
$0 $0 $0
Virginia Fields Secretary 15
Officer
$0 $0 $0
Tracey Rogers Media and Marketing Advisor 5
Officer
$0 $0 $0
Michelle Camper Treasurer 5
Officer
$0 $0 $0
Cristina Sanchez Bookkeeper 5
Officer
$0 $0 $0
Arthur Poole Social Media and Security Advisor 10
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 $1,911,929 $1,798,231 $128,938 $113,698
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