Arizona Heart Foundation Inc (EIN 237087716) - 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

1971

Legal Domicile

Principal Officer

PAULA BANAHAN RN BSN CVNS

Phone

6022000437

Tax Period

2023-07-01 to 2024-06-30

Arizona Heart Foundation Inc, founded in 1971, is a community nonprofit in the Diseases & Disorders sector that reported $2.4M in total revenue in fiscal year 2023. Expenses of $2.2M left a modest 9% surplus.

Mission

ELIMINATE HEART DISEASE AS A MAJOR MEDICAL ISSUE BY DEVELOPING RESOURCES TO FUND RESEARCH EDUCATION AND DEVELOPMENT IN THE AREA OF CARDIOVASCULAR DISEASE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $23,805

Program Service Revenue $2,290,263

Investment Income $59,412

Other Revenue $0

TOTAL REVENUE $2,373,480

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,256,436

Fundraising Expenses $82,651

Program Expenses $1,747,855

Other Expenses $906,581

TOTAL EXPENSES $2,163,017

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,373,480	$2,439,414	0.0%
Expenses	$2,163,017	$1,857,047	+0.2%
Net Income	$210,463	$582,367	-0.6%

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

N/A

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

$358,030

Total Directors

$358,030

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAULA BANAHAN RN BSN CVNS	CHAIR & CEO	40.00	Officer Director	$203,230	$0	$203,230
EILEEN SPENGLER	Treasurer	40.00	Officer Director	$154,800	$0	$154,800
DAVID AYALA	Director	1.00	Director	$0	$0	$0
MICHAEL GALLAUGHER	Secretary	2.00	Officer Director	$0	$0	$0
DONALD REID	MED DIRECTOR	2.00	Officer Director	$0	$0	$0
LORI JONES	Director	1.00	Director	$0	$0	$0
KRIS VIJAY MD	Director	1.00	Director	$0	$0	$0
STEVEN NADON	Director	1.00	Director	$0	$0	$0
ANIL KUMAR	Director	1.00	Director	$0	$0	$0
CARTER WILCOXSON	Director	1.00	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
2024	$2,373,480	$2,163,017	$4,682,325	$210,463
2023	$2,439,414	$1,857,047	$3,451,785	$582,367
2022	$2,092,955	$1,707,094	$1,587,672	$385,861
2021	$1,577,723	$1,506,575	$1,160,440	$71,148
2020	$965,820	$1,461,282	$1,098,213	$-495,462
2019	$779,457	$1,475,446	$1,528,517	$-695,989
2018	$-925,465	$1,575,565	$2,078,401	$-2,501,030

Arizona Heart Foundation Inc