HEART DISEASE RESEARCH FOUNDATION (EIN 116036278) - 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

1961

Legal Domicile

Principal Officer

MICHELE BLAIR

Tax Period

2022-03-01 to 2023-02-28

HEART DISEASE RESEARCH FOUNDATION, founded in 1961, is a small nonprofit in the Medical Research sector that reported $604K in total revenue in fiscal year 2022. Revenue surged 153% from the prior year, signaling strong growth momentum. The organization ran a surplus of $333K, a strong 55% operating margin.

Mission

PURSUANT TO THE DEED OF TRUST, DATED JANUARY 12, 1961, THE FOUNDATION'S PURPOSE IS UPLIFTING AND THE UPBUILDING OF THE UNFORTUNATE, THE AMELIORATION OF THE SUFFERINGS OF THE AFFLICTED, THE ENCOURAGEMENT, IMPROVEMENT AND BETTERMENT OF MANKIND, THE DISCOVERY OF THE CAUSES AND CURES OF THOSE DISEASES THAT PRESENTLY AFFLICT MANKIND, PARTICULARLY, BUT NOT LIMITED TO DISEASES OF THE HEART AND RELATED DISEASES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $518,959

Program Service Revenue $0

Investment Income $85,017

Other Revenue $0

TOTAL REVENUE $603,976

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $271,154

TOTAL EXPENSES $271,154

Year-over-Year Comparison

	2022	2021	Change
Revenue	$603,976	$238,785	+1.5%
Expenses	$271,154	$98,303	+1.8%
Net Income	$332,822	$140,482	+1.4%

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

N/A

Volunteers

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHELE BLAIR	TREASURER	4.00	Officer Director	$0	$0	$0
PATRICIO DELGADO	VICE CHAIRMA	2.00	Director	$0	$0	$0
MATTHEW GUSE	TRUSTEE	2.00	Director	$0	$0	$0
KELSEY KEPHART	TRUSTEE	2.00	Director	$0	$0	$0
CHRIS MAHON	SECRETARY	3.00	Officer Director	$0	$0	$0
MICHELE PACKARD-MILAM	CHAIRMAN	2.00	Officer Director	$0	$0	$0
HAWK TRAN	TRUSTEE	2.00	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
2025	No data	No data	No data	No data
2023	$603,976	$271,154	$6,367,687	$332,822
2022	$238,785	$98,303	$6,552,208	$140,482
2021	$-170,079	$212,397	$7,041,057	$-382,476

HEART DISEASE RESEARCH FOUNDATION