HEARTBEAT INTERNATIONAL FOUNDATION INC (EIN 260330887) - 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

2007

Legal Domicile

Principal Officer

THOMAS CRAWFORD MD

Phone

8132591213

Tax Period

2024-01-01 to 2024-12-31

HEARTBEAT INTERNATIONAL FOUNDATION INC, founded in 2007, is a small nonprofit in the Diseases & Disorders sector that reported $267K in total revenue in fiscal year 2024. Revenue fell 26% from the prior year — a significant decline worth monitoring. Expenses of $461K exceeded revenue, resulting in a 73% operating deficit.

Mission

PROVIDES CARDIOVASCULAR IMPLANTABLE DEVICES AND OTHER RESOURCES TO UNDERSERVED COMMUNITIES.

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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 $124,839

Program Service Revenue $0

Investment Income $8,974

Other Revenue $132,831

TOTAL REVENUE $266,644

Expense Breakdown

Grants Paid $55,537

Salaries & Benefits $172,864

Fundraising Expenses $44,736

Program Expenses $347,609

Other Expenses $232,411

TOTAL EXPENSES $460,812

Year-over-Year Comparison

	2024	2023	Change
Revenue	$266,644	$358,174	-0.3%
Expenses	$460,812	$483,807	0.0%
Net Income	$-194,168	$-125,633	+0.5%

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

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

$100,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS CRAWFORD MD	CHAIRMAN & MEDICAL DIRECTOR	5.00	Officer Director	$0	$0	$0
PETER MUSAIB-ALI	VC, DIR-CARIBBEAN & RDC CHAIR	3.00	Officer Director	$0	$0	$0
LISA MILANO CPA	TREASURER	3.00	Officer Director	$0	$0	$0
BENEDICT S MANISCALCO MD	PAST CHAIRMAN	3.00	Officer Director	$0	$0	$0
ARIEL GARCIA SALAZAR	DIRECTOR OF LATIN AMERICA	2.00	Director	$0	$0	$0
JOSEPH V MESSER MD	DIRECTOR	2.00	Director	$0	$0	$0
DAVID B KATCHER	DIRECTOR	2.00	Director	$0	$0	$0
RICARDO MENESES MD	DIRECTOR	2.00	Director	$0	$0	$0
JAN HENDERSON	DIRECTOR	2.00	Director	$0	$0	$0
RON MILLS	DIRECTOR	2.00	Director	$0	$0	$0
LAURA M DELISE	EXECUTIVE DIRECTOR	40.00	Officer	$100,000	$0	$100,000

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	$266,644	$460,812	$456,256	$-194,168
2023	$358,174	$483,807	$666,798	$-125,633
2022	$604,981	$969,967	$756,273	$-364,986
2021	$1,157,069	$1,404,766	$1,187,525	$-247,697
2020	$552,314	$1,622,264	$1,785,066	$-1,069,950
2019	$4,188,764	$7,335,387	$2,511,717	$-3,146,623
2018	$2,917,796	$1,803,143	$5,675,780	$1,114,653

HEARTBEAT INTERNATIONAL FOUNDATION INC