Heart Failure Society of America Inc (EIN 061416238) - 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

1995

Legal Domicile

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.

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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 $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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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

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

$830,729

Total Directors

Key Employees

Highest Compensated

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

Heart Failure Society of America Inc