HEARTS & MINDS ACTIVITY CENTER

EIN: 942936723 501(c)(3) Medical Research

SAN JOSE, CA

Total Revenue
$3,740,480
Total Expenses
$3,434,101
Total Assets
$5,728,486
Net Assets
$5,519,285
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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
1984
Legal Domicile
CA
Principal Officer
MARIA NICOLACOUDIS
Phone
4082797515
Tax Period
2024-07-01 to 2025-06-30

HEARTS & MINDS ACTIVITY CENTER, founded in 1984, is a community nonprofit in the Medical Research sector that reported $3.7M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $3.4M left a modest 8% surplus.

Mission

TO ENRICH THE LIVES OF PEOPLE AFFECTED BY ALZHEIMER'S DISEASE AND RELATED CONDITIONS BY PROVIDING INTERACTIVE, SAFE, NURTURING, INTERGENERATIONAL SERVICES AND SUPPORT.

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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 $1,477,245
Program Service Revenue $2,158,113
Investment Income $103,305
Other Revenue $1,817
TOTAL REVENUE $3,740,480

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,236,676
Fundraising Expenses $131,263
Program Expenses $3,199,965
Other Expenses $1,197,425
TOTAL EXPENSES $3,434,101

Year-over-Year Comparison

2024 2023 Change
Revenue $3,740,480 $3,402,001 +0.1%
Expenses $3,434,101 $3,220,214 +0.1%
Net Income $306,379 $181,787 +0.7%
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
11
Independent Members
11
Employees
43
Volunteers
72

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
$224,308
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KEVIN CUCCIAS BOARD TREASURER 2.00
Director
$0 $0 $0
HENRY CASTANIADA BOARD MEMBER 2.00
Director
$0 $0 $0
GREG PRICE BOARD PRESIDENT 2.00
Director
$0 $0 $0
STEPHEN FISS RETIRED SUPERINTENDENT OF SCHOOLS 2.00
Director
$0 $0 $0
CARMEN CORTEZ BOARD MEMBER 2.00
Director
$0 $0 $0
QING KEN WANG COFOUNDER & CHAIRMAN 2.00
Director
$0 $0 $0
WENDY TALAMANTES BOARD MEMBER 2.00
Director
$0 $0 $0
VIKAS DUVVURI BOARD VICE PRESIDENT 2.00
Director
$0 $0 $0
JESS GUY BOARD MEMBER 2.00
Director
$0 $0 $0
DIANA HWANG BOARD MEMBER 2.00
Director
$0 $0 $0
MICHAEL OTTONONI BOARD SECRETARY 2.00
Director
$0 $0 $0
MARIA NICOLACOUDIS CHIEF EXECUTIVE OFFICER 40.00
Officer
$224,308 $0 $224,308
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 $3,740,480 $3,434,101 $5,728,486 $306,379
2024 $3,402,001 $3,220,214 $5,165,602 $181,787
2023 $3,020,389 $2,790,167 $4,773,080 $230,222
2022 $2,326,682 $2,205,650 $4,277,390 $121,032
2021 $1,255,276 $1,489,615 $4,827,591 $-234,339
2020 $2,456,134 $2,405,171 $4,767,888 $50,963
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