Healthy Minds Initiativesion
Nonprofit profile at a glance
- EIN
- 822971749
- IRS 990-EZ coverage
- 2023–2024
- Forms available
- Form 990-EZ 2024
- Location
- Redondo Beach, CA, USA
- Phone
- 9493836729
- Rating
- 83
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Research Institutes and/or Public Policy Analysis
Reported finances
- Revenue
- $25,758
- Expenses
- $36,615
- Assets
- $2,669
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- DEAN SHERZAI (President)
People named in this filing
- DEAN SHERZAI (President)
- AYESHA SHERZAI (Treasurer)
- ADAM ATIF (Executive Dir.)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Mission Reducing cognitive disease and enhancing well-being by integrating a NEURO plan approach into everyday lives through a unique four pronged approach 1.Coaching 2.Technology 3.Social media, 4.Research
What it reported doing in 2024
We accomplish our mission with Research Through our research and extensive collective medical backgrounds, we work to demystify the steps to achieving long-term brain health and the prevention of devastating diseases such as Alzheimers and dementia. Education Coaching -- a unique model of coach recruitment, and training where each coach will empower 15-20 others through a NEURO plan lifestyle. Social Media -- We now live in an intensively connected world where social media is an integrated part of all our lives. Our intention is to use this powerful tool to reach and empower individuals and communities where they live by using this powerful tool. Technology -- We have already developed powerful and validated tools that can capture unique individualized information about individual lifestyles and give them guidance on how to change their life, given their circumstances and resources. Mobilization We involve local community leaders across all industries government, civic, business, faith and equip them with the best strategies to approach brain health education and implementation for their communities. Quote regarding involvement with Corporate Roundtable and alignment with our company's mission: This collaboration between Healthy Minds Initiative and American College of Lifestyle Medicine is a perfect union of two organizations that believe in community empowerment, preventive medicine, and evidence-based approach to healthcare. We are so pleased to join ACLM and other similar community and health focused organizations in this remarkable revolution in brain health and vitality
Operating model
- Revenue model
- Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and assets have declined or grown slowly.
Rating breakdown
- Financial Efficiency: 94
- Transparency & Controls: 82
- Sustainability: 17
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 84.7%; rating input score 85
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -42.2%; rating input score 15; 15th percentile among comparable filings
- Total-asset coverage ratio: 0.07; rating input score 10; 10th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 101.1% per year; rating input score 100; 99th percentile among comparable filings
- Asset growth: -134.1% per year; rating input score 0; 1st percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 84.7% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $31K in reported program spending
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 6 of 6 current checks pass
- Schedules: 2 filed schedules
- Filing history: 2 filing years from 2023 to 2024
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Operating margin scored 15/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 10/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.