THE MYOCARDITIS FOUNDATION

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2005

Legal Domicile

Principal Officer

JOSEPH RUMORE

Phone

2817132962

Tax Period

2024-01-01 to 2024-12-31

THE MYOCARDITIS FOUNDATION, founded in 2005, is a small nonprofit in the Medical Research sector that reported $468K in total revenue in fiscal year 2024. Revenue decreased 16% compared to the prior year. Net assets of $2.4M represent 61 months of operating reserves.

Mission

THE MYOCARDITIS FOUNDATION IS DEDICATED TO PROVIDING ACCURATE AND UP-TO-DATE INFORMATION TO MEDICAL PROFESSIONALS, PATIENTS AND THEIR FAMILIES, AND TO THE SCIENTIFIC ADVANCEMENT OF BOTH THE DIAGNOSIS AND TREATMENT OF THE DISEASE WITH THE GOAL OF SAVING MORE LIVES.

Program Service Accomplishments

Program 1

Expenses: $171,515

THE FOUNDATION EMPLOYS AN EXECUTIVE DIRECTOR WHO ENSURES THAT THE PROGRAMS AND SERVICES OFFERED BY THE ORGANIZATION CONTRIBUTE TO THE ORGANIZATION'S MISSION AND REFLECT THE PRIORITIES OF THE BOARD...

THE FOUNDATION EMPLOYS AN EXECUTIVE DIRECTOR WHO ENSURES THAT THE PROGRAMS AND SERVICES OFFERED BY THE ORGANIZATION CONTRIBUTE TO THE ORGANIZATION'S MISSION AND REFLECT THE PRIORITIES OF THE BOARD. SHE DIRECTS AND IMPLEMENTS THE DELIVERY OF THE PROGRAMS AND SERVICES, DEVELOPS FUNDING SOURCES TO MAINTAIN THE MISSION, PROMOTES THE FOUNDATION TO OUTSIDE ORGANIZATIONS, ORGANIZES THE ANNUAL FAMILY AND RESEARCHERS MEETINGS, DEVELOPS THE BIANNUAL NEWSLETTER, WRITES A WEEKLY WEB AND FACEBOOK BLOG, PARTICIPATES AT HEALTH FAIR BOOTHS AND NATIONAL AND INTERNATIONAL MEDICAL CONFERENCES, ATTENDS COMMUNITY ACTIVITIES, HANDLES ALL DIRECT COMMUNICATIONS WITH AFFECTED PATIENTS AND FAMILIES, AND IS THE SPOKESPERSON FOR THE FOUNDATION.

Program 2

Expenses: $161

THE FOUNDATION WORKS TO RAISE AWARENESS AND PROMOTE EDUCATION OF MYOCARDITIS BY SPONSORING CONFERENCES AND LECTURES DIRECTED TO BOTH THE PUBLIC AND TO PHYSICIAN GROUPS THAT DEAL WITH MYOCARDITIS, ITS CAUSES, SYMPTOMS, DIAGNOSIS AND TREATMENT. IT ALSO DEVELOPS EDUCATIONAL MATERIALS, PAMPHLETS, AND PUBLICATIONS FOR USE BY THE PUBLIC, FAMILIES AND PHYSICIANS.

Program 3

Expenses: $99,983

THE MYOCARDITIS FOUNDATION IS LED BY WORLD-RENOWN PHYSICIANS, RESEARCHERS AND PATIENTS WHO VOLUNTEER THEIR TIME. IT FUNDS RESEARCH FELLOWSHIP PROJECTS AND PARTNERS WITH RESEARCHERS IN ORDER TO...

THE MYOCARDITIS FOUNDATION IS LED BY WORLD-RENOWN PHYSICIANS, RESEARCHERS AND PATIENTS WHO VOLUNTEER THEIR TIME. IT FUNDS RESEARCH FELLOWSHIP PROJECTS AND PARTNERS WITH RESEARCHERS IN ORDER TO IMPROVE DIAGNOSIS AND FIND NEW THERAPIES.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $158,747

Program Service Revenue $0

Investment Income $115,699

Other Revenue $193,910

TOTAL REVENUE $468,356

Expense Breakdown

Grants Paid $99,983

Salaries & Benefits $191,548

Fundraising Expenses $0

Program Expenses $379,162

Other Expenses $176,824

TOTAL EXPENSES $468,355

Year-over-Year Comparison

	2024	2023	Change
Revenue	$468,356	$560,214	-0.2%
Expenses	$468,355	$406,869	+0.2%
Net Income	$1	$153,345	-1.0%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$107,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH RUMORE	CHAIRMAN OF THE BOARD	40.00	Officer Director	$0	$0	$0
CANDACE MOOSE	DIRECTOR	2.00	Officer Director	$0	$0	$0
LOUIS ROMANO	DIRECTOR	6.00	Officer Director	$0	$0	$0
FRANCINE ANDREA	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
GIUSTINA SCHIANO	DIRECTOR	3.00	Director	$0	$0	$0
DR JACK PRICE	DIRECTOR	3.00	Director	$0	$0	$0
DR LESLIE COOPER	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL LINN	PRESIDENT	4.00	Officer Director	$0	$0	$0
DR DOR LOTAN	DIRECTOR	3.00	Director	$0	$0	$0
DR BETTINA HEIDECKER	DIRECTOR	3.00	Director	$0	$0	$0
GARY KUBERA	SECRETARY	3.00	Officer Director	$0	$0	$0
RICK PIACENTI	TREASURER	3.00	Officer Director	$0	$0	$0
GENEVIEVE RUMORE	EXECUTIVE DIRECTOR	40.00	Officer	$107,000	$0	$107,000

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	$468,356	$468,355	$2,555,848	$1
2023	$560,214	$406,869	$2,553,046	$153,345
2022	$357,063	$512,303	$2,342,488	$-155,240
2021	$576,307	$342,440	$2,811,371	$233,867
2020	$698,681	$396,877	$2,692,097	$301,804
2019	$778,428	$455,076	$1,867,865	$323,352
2018	$694,705	$345,627	$1,429,425	$349,078