INTERNATIONAL BOARD OF HEART RHYTHM EXAMINERS INC (EIN 042917754) - 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

1986

Legal Domicile

Principal Officer

TRACY LOFTY-BROWN

Phone

2024643400

Tax Period

2023-10-01 to 2024-09-30

INTERNATIONAL BOARD OF HEART RHYTHM EXAMINERS INC, founded in 1986, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. Net assets of $3.8M represent 31 months of operating reserves.

Mission

TO DESIGN AND ADMINISTER EXAMINATIONS TO MEASURE COMPETENCY IN CARDIAC PACING AND ELECTROPHYSIOLOGY.

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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 $0

Program Service Revenue $1,297,576

Investment Income $153,854

Other Revenue $1,029

TOTAL REVENUE $1,452,459

Expense Breakdown

Grants Paid $1,000

Salaries & Benefits $527,408

Fundraising Expenses $0

Other Expenses $884,791

TOTAL EXPENSES $1,413,199

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,452,459	$1,558,356	-0.1%
Expenses	$1,413,199	$1,477,964	0.0%
Net Income	$39,260	$80,392	-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

135

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

$1,626,358

Total Directors

$20,725

Key Employees

$310,910

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EDWARD V PLATIA MDFHRSCCDSCEP	VICE PRESIDENT/TREASURER	1.50	Officer Director	$3,675	$0	$3,675
ESTHER WEISS MSNAPNCNSFHRSCEPS	SECRETARY	1.50	Officer Director	$0	$0	$0
ELSIE M KELLY	PUBLIC MEMBER	0.50	Director	$0	$0	$0
CHARLES J LOVE MDFACCFHRSFAHA	PRESIDENT	3.00	Officer Director	$8,250	$0	$8,250
AMY S LEISEROWITZ RNFHRSCCDS	MEMBER (TERM ENDED 6/24)	0.50	Director	$4,450	$0	$4,450
APARNA JASWAL MDDNBFACCFHRSFESC	MEMBER	0.50	Director	$0	$0	$0
CHRISTINE CHIU-MAN MSCFHRSCCDSCEP	MEMBER	1.50	Director	$0	$0	$0
DEEPAK BHAKTA MDFHRSCCDS	MEMBER	1.50	Director	$3,600	$0	$3,600
MARLEEN E IRWIN FHRSRCRTCCDS	MEMBER	2.00	Director	$0	$0	$0
GEORGE H CROSSLEY	MEMBER	0.50	Director	$0	$0	$0
LUKE SHANAHANBSMBAFHRSCCDSCEPS-P	MEMBER	0.50	Director	$0	$0	$0
JAY N GROSS MDCCDS	MEMBER	1.00	Director	$750	$0	$750
KATSUHIKO IMAI MDPHD	MEMBER	1.00	Director	$0	$0	$0
KENNETH A ELLENBOGEN MDFHRS	EX-OFFICIO/HRS PRES.(TERM START 5/24)	0.50	Director	$0	$0	$0
JODIE L HURWITZ MDFHRS	EX-OFFICIO/HRS PRES.(TERM END 5/24)	1.00	Director	$0	$0	$0
ELIZABETH STEPHENSONMDFHRSCCDSCEP	MEMBER	1.00	Director	$0	$0	$0
ERIC BOOTH	CHIEF FINANCIAL OFFICER	0.10	Officer	$429	$49,352	$328,799
PATRICIA A BLAKE	CHIEF EXECUTIVE OFFICER, IBHRE	0.00	Officer	$0	$195,401	$1,050,370
TRACY LOFTY-BROWN	CHIEF EXECUTIVE OFFICER, IBHRE	40.00	Officer	$198,029	$37,235	$235,264
KENNETH J DEMITH	CHIEF EXPERIENCE OFFICER	1.00	Key Emp	$7,578	$29,408	$310,910
KRISTOPHER J MURPHY	ASSOC. VP, MEMBERSHIP & MARKETING COMMUNICATIONS	0.20	Highest	$706	$33,763	$230,356

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	No data	No data	No data	No data
2024	$1,452,459	$1,413,199	$3,959,502	$39,260
2023	$1,558,356	$1,477,964	$3,334,809	$80,392
2022	$1,471,325	$1,466,290	$3,183,840	$5,035
2021	$1,467,793	$1,255,917	$3,825,447	$211,876
2020	$1,289,117	$1,110,590	$3,385,275	$178,527
2019	$1,896,353	$1,251,076	$2,737,908	$645,277

INTERNATIONAL BOARD OF HEART RHYTHM EXAMINERS INC