INSTITUTE OF HEARTMATH (EIN 954023617) - 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

1991

Legal Domicile

Principal Officer

BRIAN KABAKER

Phone

8313388500

Tax Period

2023-01-01 to 2023-12-31

INSTITUTE OF HEARTMATH, founded in 1991, is a community nonprofit in the Mental Health sector that reported $2.9M in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year. Expenses of $3.6M exceeded revenue, resulting in a 22% operating deficit.

Mission

TO HELP PEOPLE AROUND THE WORLD ESTABLISH HEART-BASED LIVING AND GLOBAL COHERENCE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $904,802

Program Service Revenue $1,228,811

Investment Income $1,395

Other Revenue $791,761

TOTAL REVENUE $2,926,769

Expense Breakdown

Grants Paid $23,337

Salaries & Benefits $1,700,096

Fundraising Expenses $162,354

Program Expenses $2,953,517

Other Expenses $1,834,889

TOTAL EXPENSES $3,558,322

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,926,769	$3,335,142	-0.1%
Expenses	$3,558,322	$3,748,728	-0.1%
Net Income	$-631,553	$-413,586	+0.5%

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

$44,173

Total Directors

$106,982

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIAN KABAKER	CFO/BOARD ME	40.00	Director	$62,400	$409	$62,809
KATHERINE FLORIANO	BOARD CHAIR	40.00	Officer Director	$43,848	$325	$44,173
DAN BISHOP	BOARD MEMBER	1.00	Director	$0	$0	$0
DIANA GOVAN	BOARD MEMBER	1.00	Director	$0	$0	$0
DONNA KOONTZ	BOARD MEMBER	1.50	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	No data	No data	No data	No data
2023	$2,926,769	$3,558,322	$2,957,097	$-631,553
2022	$3,335,142	$3,748,728	$3,651,127	$-413,586
2021	$3,546,181	$3,540,285	$4,073,535	$5,896
2020	$3,335,573	$2,873,420	$4,356,862	$462,153
2019	$2,556,309	$2,647,768	$3,673,685	$-91,459
2018	$2,517,646	$2,576,961	$3,746,070	$-59,315

INSTITUTE OF HEARTMATH