HEART RHYTHM SOCIETY INC (EIN 042694458) - 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

1980

Legal Domicile

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.

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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 (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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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

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

$1,387,209

Total Directors

$9,575

Key Employees

$1,075,986

Highest Compensated

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

HEART RHYTHM SOCIETY INC