Heart Failure Society of America Inc

EIN: 061416238 501(c)(3) Medical Research

ROCKVILLE, MD

Total Revenue
$4,153,877
Total Expenses
$6,725,459
Total Assets
$10,733,696
Net Assets
$6,068,538
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Financial Trends

Organization Details

Formation Year
1995
Legal Domicile
CT
Principal Officer
John Barnes
Phone
3013128635
Tax Period
2024-01-01 to 2024-12-31

Heart Failure Society of America Inc, founded in 1995, is a community nonprofit in the Medical Research sector that reported $4.2M in total revenue in fiscal year 2024. Revenue fell 43% from the prior year — a significant decline worth monitoring. Expenses of $6.7M exceeded revenue, resulting in a 62% operating deficit.

Mission

Provide a platform to improve and expand heart failure care through collaboration, education, innovation, research and advocacy.

Program Service Accomplishments

Program 1
Expenses: $2,229,751

Annual Scientific Meeting:Professionals gather annually to present and discuss cutting edge research, gain advanced education, and discuss new treatments. The 2024 Annual Scientific meeting was...

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Annual Scientific Meeting:Professionals gather annually to present and discuss cutting edge research, gain advanced education, and discuss new treatments. The 2024 Annual Scientific meeting was cancelled due to Hurricane Helene. Prior to cancellation, the meeting was planned to feature three plenary sessions, 49 sessions, five kick off sessions, four how-to sessions, one pre-meeting workshop, four Professionals in Training talks, six Research Hub talks, six roundtable sessions, four JCF sessions, 11 satellite programs, six forums, eight industry expert theaters, and over 500 abstracts and 2,371 attendees registered.

Program 2
Expenses: $1,046,869

Education and Programs: Programs aimed at education for the entire heart failure team, including cardiologists, nurses, pharmacists, physician assistants, etc., Initiatives include the Heart Failure...

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Education and Programs: Programs aimed at education for the entire heart failure team, including cardiologists, nurses, pharmacists, physician assistants, etc., Initiatives include the Heart Failure Seminars, AHFTC Board Certification Review Course, CardioBites, and Heart Failure Certification (HF-Cert) Bootcamp.Seminars In 2024, the HFSA Heart Failure Seminar series highlighted a wide spectrum of heart failure topics, addressing educational gaps within the heart failure provider community and aligning with HFSAs 2024 scientific statements. Topics included iron deficiency, GDMT, advanced heart failure, myocarditis, cognitive impairment, and HFSA HF Stats. These seminars drew a multidisciplinary audience of physicians (MD/DO), nurse practitioners and registered nurses (APRN/NP/RN), pharmacists (PharmD/RPh), physician assistants (PA-C), and other healthcare professionals, with an average registration of approximately 160 participants per session. Overall, attendees consistently praised the expert speakers, engaging presentations, and the sessions practical applicability to patient care, noting that the content was valuable, relevant, and well organized. AHFTC Board Certification Review Course2024 marked the return of the in-person HFSA AHFTC Board Certification Review Course, held July 1214, 2024, in Chicago, Illinois. The course is designed to help physicians prepare for initial certification or recertification for the ABIM Advanced Heart Failure and Transplant Cardiology Board Certification and Maintenance of Certification exam. For those not preparing for the exam, the program offers a comprehensive and specialized learning experience, providing an in-depth update and review of heart failure. The in-person course had over 125 registered attendees, who described it as highly informative and excellent. Following the live event, the course remained available in the HFSA Learning Center as an OnDemand product, allowing those unable to attend in person to study at their own pace. Feedback continues to be overwhelmingly positive, with many participants noting that the course has been invaluable for their practice and ongoing professional development.CardioBitesHFSA continued and expanded the CardioBites program. CardioBites is a micro-learning program that is targeted to the busy heart failure care team to provide information on one topic in a three-minute video. Two series initially launched in 2023 were completed in 2024. The Amyloidosis nine-part series had five modules released in 2024 How is Amyloidosis diagnosed? Treatment and Management of Immunoglobulin Light Chain (AL) Amyloidosis; Treatment and Management of Transthyretin-mediated (ATTR) Amyloidosis; Multidisciplinary Amyloidosis; and Amyloidosis: Treatments on the Horizon. The HFpEF 4 module series completed its final module in 2024, posting its final module, What do current guidelines recommend for the treatment of HFpEF? Three new CardioBites series were also launched in 2024: SGLT2is, Inflammation, and Congestion. SGLT2is was a five-part module that also included a new product in the CardioBite line: Cardio Infographic, a graphic covering the scope of the series. The SGLT2is modules included: Understanding the burden of heart failure; Current guidelines on the use of Sodium-Glucose Cotransporter-2 Inhibitors (SGLT2is) in HF; The Impact of Hospital Readmissions on Health-Related Quality of Life in Heart Failure; Improving the Transition of Care in Heart Failure; Why guideline-directed medical therapy in heart failure matters. The Inflammation CardioBites series posted its first of four modules, What is the role of systemic inflammation in ASCVD and heart failure?. The Congestion CardioBites series posted its first of four modules, What is congestion in heart failure?HF-Cert Bootcamp HFSA added CE to its three 90-minute HF-Cert Bootcamp webinars. These three seminars offered a comprehensive study tool for the HF-Cert examination. Joint Accreditation RecertificationIn 2024, HFSA achieved a four-year recertification from Joint Accreditation for Interprofessional Continuing Education. This distinction recognizes HFSAs dedication to providing education for the entire heart failure care teamincluding physicians, nurses, pharmacists, and other healthcare professionals, through programs that meet the highest standards of quality and collaboration. Joint Accreditation ensures HFSA can continue delivering evidence-based, team-focused education that supports improved patient outcomes and advances the field of heart failure care. 2024 Accredited Educational ImpactIn 2024, HFSA delivered 33 accredited educational activities9 live courses, 22 enduring materials, and 2 manuscript reviewsengaging a total of 2,305 participants across the heart failure care team. These programs provided accessible, high-quality learning opportunities designed to enhance skills, foster collaboration, and ultimately improve patient outcomes.

Program 3
Expenses: $1,027,659 Revenue: $1,936,513

Heart Failure Research Network (HFRN):In 2024, the Heart Failure Research Network (HFRN) expanded participation to over 150 institutions nationwide, engaging academic centers, health systems, and...

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Heart Failure Research Network (HFRN):In 2024, the Heart Failure Research Network (HFRN) expanded participation to over 150 institutions nationwide, engaging academic centers, health systems, and community practices in active heart failure clinical research. HFRN facilitated collaborations between HFSA member researchers and multiple public and private sector sponsors, resulting in increased enrollment in ongoing heart failure clinical trials and broader geographic representation of study participants.In 2024, HFSA published four scientific statements to advance evidence-based care in heart failure:Integration of Palliative Care into Heart Failure Care: Consensus-Based Recommendations from the Heart Failure Society of America (November 2024)Cardio-Oncology and Heart Failure: A Scientific Statement from the Heart Failure Society of America (October 2024) accompanied by two supplemental articles:Cardio-Oncology and Heart Failure: AL Amyloidosis for the Heart Failure ClinicianHeart Failure in Patients with Cancer A Patients PerspectiveHFSA Scientific Statement: Update on Device-Based Therapies in Heart Failure (September 2024)Cognitive Impairment in Heart Failure: A Heart Failure Society of America Scientific Statement (March 2024)These statements and supplemental publications provided actionable clinical guidance, supported healthcare provider education, and were cited in national policy discussions to promote high-quality, standardized care.The 2024 HF Stats Annual Report delivered updated national data on heart failure prevalence, incidence, outcomes, and healthcare utilization. This years edition incorporated new analyses on disparities in care and outcomes, equipping clinicians, researchers, and policymakers with comprehensive data to drive informed decision-making and improve patient outcomes.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,341,101
Program Service Revenue $2,176,661
Investment Income $302,075
Other Revenue $334,040
TOTAL REVENUE $4,153,877

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,206,208
Fundraising Expenses $276,958
Program Expenses $4,978,034
Other Expenses $3,519,251
TOTAL EXPENSES $6,725,459

Year-over-Year Comparison

2024 2023 Change
Revenue $4,153,877 $7,287,906 -0.4%
Expenses $6,725,459 $6,530,785 +0.0%
Net Income $-2,571,582 $757,121 -4.4%
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
11
Independent Members
11
Employees
21
Volunteers
148

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
6
$830,729
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
John Barnes CEO 40.00
Officer
$463,062 $42,829 $505,891
Joori Jeon COO 40.00
Officer
$291,003 $33,835 $324,838
Kristine Fridgen VP-Meetings and Education 40.00
$194,070 $23,254 $217,324
Deborah Zeldow Dir.-Scie/Research 40.00
$157,681 $9,967 $167,648
Kelly Ventura Dir. of Membership 40.00
$150,875 $9,538 $160,413
Michelle Poinelli Director of Dev't 40.00
$128,092 $30,042 $158,134
Dawn Brennaman Dir.-Patient Prog 40.00
$146,034 $9,232 $155,266
Laura Posnock Director of Mkting 40.00
$126,082 $17,613 $143,695
Michael Givertz Treasurer 1.20
Officer Director
$0 $0 $0
Anekwe Onwuanyi Director 1.20
Director
$0 $0 $0
Martha Abshire Saylor Director 1.20
Director
$0 $0 $0
Mitch Psotka Director 1.20
Director
$0 $0 $0
Colleen McLlvennan Secretary 1.20
Officer Director
$0 $0 $0
Ken Margulies President Elect 1.20
Director
$0 $0 $0
Natalie Pierson Director 1.20
Director
$0 $0 $0
Nancy Sweitzer Director 1.20
Director
$0 $0 $0
Orly Vardeny Director 1.20
Director
$0 $0 $0
James Fang Past President 1.20
Officer Director
$0 $0 $0
Michael Felker President 1.20
Officer Director
$0 $0 $0
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
2024 $4,153,877 $6,725,459 $10,733,696 $-2,571,582
2023 $7,287,906 $6,530,785 $9,488,919 $757,121
2022 $7,434,656 $6,705,408 $8,901,645 $729,248
2021 $5,992,766 $5,699,859 $8,199,366 $292,907
2020 $3,971,938 $3,864,572 $7,812,989 $107,366
2019 $5,824,880 $5,094,421 $7,398,079 $730,459
2018 $4,983,188 $4,530,018 $6,470,492 $453,170
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