NEW MEXICO HEART INSTITUTE FOUNDATION (EIN 201443608) - 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

2004

Legal Domicile

Principal Officer

BARRY RAMO MD

Phone

5058818195

Tax Period

2024-01-01 to 2024-12-31

NEW MEXICO HEART INSTITUTE FOUNDATION, founded in 2004, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $130K in total revenue in fiscal year 2024. Revenue fell 55% from the prior year — a significant decline worth monitoring. Net assets of $672K represent 62 months of operating reserves.

Mission

THE NEW MEXICO HEART INSTITUTE FOUNDATION IS DEDICATED TO SUPPORTING EDUCATION AND RESEARCH TO ENHANCE HEART HEALTH FOR ALL NEW MEXICANS.

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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 $16,750

Program Service Revenue $112,876

Investment Income $0

Other Revenue $0

TOTAL REVENUE $129,626

Expense Breakdown

Grants Paid $5,612

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $101,280

Other Expenses $126,689

TOTAL EXPENSES $132,301

Year-over-Year Comparison

	2024	2023	Change
Revenue	$129,626	$286,332	-0.5%
Expenses	$132,301	$390,801	-0.7%
Net Income	$-2,675	$-104,469	-1.0%

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

$169,763

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
YAW POKU MD	PRESIDENT	1.00	Officer Director	$0	$0	$0
FENTON MCCARTHY MD	SECRETARY	1.00	Officer Director	$0	$0	$0
MARK BIENIARZ MD	BOARD MEMBER	1.00	Director	$0	$0	$0
IRV DIAMOND	BOARD MEMBER	1.00	Director	$0	$0	$0
SEAN MAZER MD	BOARD MEMBER	1.00	Director	$0	$0	$0
SERENA PETTES	BOARD MEMBER	1.00	Director	$0	$0	$0
STEVEN ROGERS	BOARD MEMBER	1.00	Director	$0	$0	$0
BARRY RAMO MD	CHAIRMAN	1.00	Director	$0	$0	$169,763

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	$129,626	$132,301	$686,884	$-2,675
2023	$286,332	$390,801	$676,606	$-104,469
2022	$151,901	$139,877	$788,681	$12,024
2021	$72,843	$95,118	$776,657	$-22,275
2020	$187,485	$242,085	$799,578	$-54,600
2019	$1,059,736	$241,129	$853,532	$818,607
2018	$231,288	$238,149	$63,376	$-6,861

NEW MEXICO HEART INSTITUTE FOUNDATION