Ramis Heart Corp

Nonprofit profile at a glance

EIN
862748261
IRS 990-EZ coverage
2022–2024
Forms available
Form 990-EZ 2024
Location
Belmar, NJ, USA
Phone
9083920337
Rating
85
Verdict
STRONG
Rating confidence
Moderate
Sector
Humanities Organizations

Reported finances

Revenue
$44,735
Expenses
$41,000
Assets
$8,337

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

  • RIMA SAMMAN (President)

People named in this filing

  • RIMA SAMMAN (President)
  • TRAVIS WHITAKER (Treasurer)
  • SUE SAMMON (Secretary)

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

The primary purpose of the organization is to provide amemorial for those that passed due to Covid.

What it reported doing in 2024

Organization provided a setting for those who have lost loved ones to Covid to honor their loved ones, while also supporting the Community through food drives, nature walks and runs, and support activities.

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 98% 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. Total assets are small relative to annual expenses; liquid coverage is unknown and reported officer compensation is a large share of total spending, which may reflect staffing concentration.

Rating breakdown

  • Financial Efficiency: 90
  • Transparency & Controls: 82
  • Sustainability: 40
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 86.6%; rating input score 87
  • Program expense ratio: 94.5%; rating input score 95

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 8.3%; rating input score 60; 60th percentile among comparable filings
  • Total-asset coverage ratio: 0.2; rating input score 17; 17th 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: 4.6% per year; rating input score 100; 61st percentile among comparable filings
  • Revenue growth: 9.9% per year; rating input score 100; 81st percentile among comparable filings
  • Asset growth: 38.3% per year; rating input score 100; 94th percentile among comparable filings

Details

  • Where the money goes: 86.6% of revenue deployed · 94.5% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $39K in reported program spending
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 3 filing years from 2022 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: Total-asset coverage ratio scored 17/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.