HEART RHYTHM SOCIETY INC

EIN: 042694458 501(c)(3)

WASHINGTON, DC

Total Revenue
$23,043,846
Total Expenses
$22,986,906
Total Assets
$16,905,416
Net Assets
$11,411,298
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1980
Legal Domicile
MA
Principal Officer
TIMOTHY GREGORY
Phone
2024643400
Tax Period
2024-10-01 to 2025-09-30

HEART RHYTHM SOCIETY INC, founded in 1980, is a mid-sized nonprofit that reported $23.0M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

TO IMPROVE THE CARE OF PATIENTS BY PROMOTING EDUCATION, RESEARCH AND OPTIMAL HEALTH CARE POLICIES AND STANDARDS. VISION: TO END DEATH AND SUFFERING DUE TO HEART RHYTHM DISORDERS.

Program Service Accomplishments

Program 1
Expenses: $6,683,961 Revenue: $11,247,918

MEETINGS:HRS2025 IS THE SOCIETY'S ANNUAL MEETING, CONVENING THE WORLD'S MOST NOTED EXPERTS IN CARDIAC RHYTHM MANAGEMENT. THE 3-DAY EDUCATIONAL HYBRID EVENT HAS AN ATTENDANCE OF APPROXIMATELY 6,000...

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MEETINGS:HRS2025 IS THE SOCIETY'S ANNUAL MEETING, CONVENING THE WORLD'S MOST NOTED EXPERTS IN CARDIAC RHYTHM MANAGEMENT. THE 3-DAY EDUCATIONAL HYBRID EVENT HAS AN ATTENDANCE OF APPROXIMATELY 6,000 FROM 68 COUNTRIES AND OFFERS OVER 250 EDUCATIONAL SESSIONS COVERING TOPICS SUCH AS PACING, DEFIBRILLATION, CLINICAL ARRHYTHMIA MANAGEMENT, ABLATION, PHARMACOLOGY, GENETICS, BASIC SCIENCE, AND HEALTH POLICY. PARTICIPANTS ALSO BENEFIT FROM EXPERIENCES WITH STATE-OF-THE-ART TECHNOLOGY IN AN EXHIBIT HALL FEATURING OVER 100 COMPANIES. THERE WAS ALSO ONLINE PARTICIPATION AVAILABLE, BOTH EXCLUSIVELY OR AS AN AUGMENTATION TO THE IN-PERSON EXPERIENCE.HRX IS THE SOCIETY'S GROUNDBREAKING CARDIOVASCULAR INNOVATION EVENT THAT DRAWS AN INTERNATIONAL AUDIENCE OF HEALTH CARE PROFESSIONALS FOCUSED ON CARDIOVASCULAR HEALTH AND RHYTHM MANAGEMENT EMPHASIZING INNOVATIONS IN CARDIOLOGY. THIS ANNUAL EVENT FEATURED INDUSTRY CHAMPIONS DISPLAYING THEIR BREAKTHROUGH PRODUCTS TO OUR AUDIENCE OF PHYSICIANS AND ALLIED HEALTH PROFESSIONALS. THE UNIQUE ALL-IN-ONE ROOM LAYOUT ALLOWED THE ATTENDEES AND SPONSORS TO INTERACT THROUGHOUT THE 3-DAY NON-ACE EVENT.

Program 2
Expenses: $5,335,507 Revenue: $2,786,989

MARKETING, COMMUNICATIONS & MEMBERSHIP: THE SOCIETY REPRESENTS OVER 7,500 HEART RHYTHM PROFESSIONALS IN MORE THAN 90 COUNTRIES. IT FACILITATES PEER TO PEER EDUCATION, ELEVATES SCIENCE WITHIN THE...

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MARKETING, COMMUNICATIONS & MEMBERSHIP: THE SOCIETY REPRESENTS OVER 7,500 HEART RHYTHM PROFESSIONALS IN MORE THAN 90 COUNTRIES. IT FACILITATES PEER TO PEER EDUCATION, ELEVATES SCIENCE WITHIN THE FIELD OF ELECTROPHYSIOLOGY, AND RAISES AWARENESS OF HEART RHYTHM DISORDERS, INCLUDING SUDDEN CARDIAC ARREST, ATRIAL FIBRILLATION AND HEART FAILURE. HEART RHYTHM, HEART RHYTHM CASE REPORTS, CARDIOVASCULAR DIGITAL HEALTH JOURNAL AND HEART RHYTHM O2 ARE THE OFFICIAL PUBLICATIONS OF THE SOCIETY. HRSONLINE.ORG, HEARTRHYTHM.COM, CARDIQ.ORG, UPBEAT.ORG, HEARTRHYTHM365.ORG, AND EXPERIENCEHRX.COM ARE THE OFFICIAL WEBSITES OF THE SOCIETY.

Program 3
Expenses: $6,227,455 Revenue: $1,623,289

EDUCATION:THE HEART RHYTHM SOCIETY PROVIDES LEARNING EXPERIENCES FOR HEART RHYTHM PROFESSIONALS BASED ON CLINICAL PRACTICE DATA, RESULTING IN IMPROVED PROFESSIONAL COMPETENCE, CLINICAL PRACTICE, AND...

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EDUCATION:THE HEART RHYTHM SOCIETY PROVIDES LEARNING EXPERIENCES FOR HEART RHYTHM PROFESSIONALS BASED ON CLINICAL PRACTICE DATA, RESULTING IN IMPROVED PROFESSIONAL COMPETENCE, CLINICAL PRACTICE, AND CARE OF PATIENTS WITH HEART RHYTHM DISORDERS. IN THIS EFFORT, THE SOCIETY USES INNOVATIVE TEACHING METHODS AND ADVANCED TECHNOLOGIES TO PROVIDE SUPERIOR YEAR-ROUND EDUCATION INCLUDING LIVE COURSES AND DISTANCE LEARNING. THE SOCIETY AWARDS RESEARCH FELLOWSHIP SCHOLARSHIPS TO INDIVIDUALS INTERESTED IN CLINICAL AND BASIC RESEARCH RELATED TO THE LATEST ADVANCES IN ELECTROPHYSIOLOGY.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $5,041,077
Program Service Revenue $16,426,987
Investment Income $559,329
Other Revenue $1,016,453
TOTAL REVENUE $23,043,846

Expense Breakdown

Grants Paid $244,000
Salaries & Benefits $9,544,044
Fundraising Expenses $1,189,732
Program Expenses $18,796,090
Other Expenses $13,198,862
TOTAL EXPENSES $22,986,906

Year-over-Year Comparison

2024 2023 Change
Revenue $23,043,846 $20,793,263 +0.1%
Expenses $22,986,906 $21,411,296 +0.1%
Net Income $56,940 $-618,033 -1.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
16
Independent Members
16
Employees
56
Volunteers
354

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
7
$1,387,209
Total Directors
16
$9,575
Key Employees
3
$1,075,986
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRISTOPHER F LIU MD FHRS MEMBER 2.50
Director
$0 $0 $0
DANIEL P MORIN MD MPH FHRS ABSTRACT CHAIR 2.50
Director
$0 $0 $0
DHANUNJAYA R LAKKIREDDY MBA MD FH VICE PRESIDENT/ PROGRAM CHAIR 5.00
Officer Director
$0 $0 $0
ELAINE Y WAN MD FHRS MEMBER 2.50
Director
$2,000 $0 $2,000
JAGMEET P SINGH MD PHD FHRS TREASURER/SECRETARY 2.50
Officer Director
$0 $0 $0
JUNAID AB ZAMAN MA MD PHD CCDS MEMBER 2.50
Director
$0 $0 $0
KAMALA P TAMIRISA MD FHRS MEMBER 2.50
Director
$2,000 $0 $2,000
KENNETH A ELLENBOGEN MD FHRS PAST PRESIDENT 5.00
Officer Director
$0 $0 $0
KRISTEN B CAMPBELL PHARMD FHRS MEMBER 2.50
Director
$0 $0 $0
LUIGI DI BIASE MD PHD FHRS MEMBER 2.50
Director
$0 $0 $0
MINA K CHUNG MD FHRS PRESIDENT 11.00
Officer Director
$0 $0 $0
NATALIA A TRAYANOVA PHD FHRS MEMBER 2.50
Director
$0 $0 $0
PRASHANTHAN SANDERS MBBS PHD FHRS MEMBER 2.50
Director
$0 $0 $0
RAKESH GOPINATHANNAIR MBA MD FHRS MEMBER 2.50
Director
$1,500 $0 $1,500
SANA M AL-KHATIB MD MHS FHRS PRESIDENT - ELECT 5.00
Officer Director
$2,000 $0 $2,000
SUSAN P ETHERIDGE MD FHRS CEPS-P MEMBER 2.50
Director
$2,075 $0 $2,075
ERIC BOOTH CHIEF FINANCIAL OFFICER 39.80
Officer
$303,910 $54,754 $358,820
PATRICIA A BLAKE CHIEF EXECUTIVE OFFICER 40.00
Officer
$820,800 $205,589 $1,026,389
KENNETH J DEMITH CHIEF EXPERIENCE OFFICER 40.00
Key Emp
$301,764 $64,272 $366,036
PAMELA E MAGNANI CHIEF DEVELOPMENT & INNOVATION OFFICER 40.00
Key Emp
$273,603 $29,925 $303,528
TIMOTHY GREGORY CHIEF GLOBAL & EDUCATION OFFICER 40.00
Key Emp
$322,331 $84,091 $406,422
ANNE MARIE SMITH SR. VICE PRESIDENT, PRACTICE IMPROVEMENT 40.00
Highest
$239,257 $21,978 $261,235
GERMAINE A LUTMAN SCHAEFER ASSOCIATE VP MEETINGS & EVENTS 40.00
Highest
$216,669 $17,047 $233,716
KRISTOPHER J MURPHY ASSOC. VP MEMBERSHIP, MKTG & COMMUNICATIONS 39.80
Highest
$216,554 $38,675 $255,341
LORI MONTELEONE ASSOCIATE VICE PRESIDENT, HRS PUBLICATIONS 40.00
Highest
$190,581 $46,600 $237,181
STEPHEN SYE VICE PRESIDENT, INFORMATION TECHNOLOGY 40.00
Highest
$205,270 $23,783 $229,053
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 $23,043,846 $22,986,906 $16,905,416 $56,940
2024 $20,793,263 $21,411,296 $15,690,899 $-618,033
2023 $19,305,479 $21,516,749 $14,695,578 $-2,211,270
2022 $17,863,726 $18,824,959 $14,704,509 $-961,233
2021 $15,327,566 $16,110,247 $18,788,289 $-782,681
2020 $13,955,090 $13,831,537 $21,816,783 $123,553
2019 $18,256,878 $18,157,347 $19,094,413 $99,531
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