PIEDMONT HEART INSTITUTE INC

EIN: 263553500 501(c)(3) Diseases & Disorders

Atlanta, GA

Total Revenue
$4,335,063
Total Expenses
$7,638,953
Total Assets
$3,926,439
Net Assets
$2,340,113
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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
2008
Legal Domicile
GA
Principal Officer
DR CHARLES BROWN
Phone
4046055234
Tax Period
2022-07-01 to 2023-06-30

PIEDMONT HEART INSTITUTE INC, founded in 2008, is a community nonprofit in the Diseases & Disorders sector that reported $4.3M in total revenue in fiscal year 2022. Expenses of $7.6M exceeded revenue, resulting in a 76% operating deficit.

Mission

TO ADVANCE CARDIOVASCULAR RESEARCH AND TO PROVIDE EDUCATION AND EXCELLENCE IN CARDIAC TREATMENT AND DISEASE PREVENTION.

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $3,782,173
Investment Income $0
Other Revenue $552,890
TOTAL REVENUE $4,335,063

Expense Breakdown

Grants Paid $0
Salaries & Benefits $4,098,893
Fundraising Expenses $0
Program Expenses $5,387,401
Other Expenses $3,540,060
TOTAL EXPENSES $7,638,953

Year-over-Year Comparison

2022 2021 Change
Revenue $4,335,063 $4,280,757 +0.0%
Expenses $7,638,953 $5,660,363 +0.3%
Net Income $-3,303,890 $-1,379,606 +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

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Governance

Voting Members
12
Independent Members
2
Employees
39
Volunteers
2

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
4
$4,725,188
Total Directors
12
$7,250,645
Key Employees
0
$0
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR CHRISTOPHER LLOYD BOARD MEMBER 1.0
Director
$0 $130,812 $1,558,733
Ms Elizabeth Leddy Secretary/CLO PHC 1.0
Officer
$0 $138,711 $1,528,196
Dr Charles Brown CEO 20.0
Officer Director
$0 $138,163 $1,309,125
MR THOMAS ARNOLD BOARD MEMBER/TREASURER/CFO PHC 1.0
Officer Director
$0 $130,741 $1,304,185
DR PATRICK RAILEY BOARD MEMBER & CHAIR 1.0
Officer Director
$0 $40,430 $583,682
DR MOIZ MASTER BOARD MEMBER 1.0
Director
$0 $24,785 $533,639
DR THOMAS WELLS BOARD MEMBER 1.0
Director
$0 $40,352 $472,274
DR PHILICIA ANDREWS BOARD MEMBER 1.0
Director
$0 $22,181 $406,678
DR JIM LATIMER BOARD MEMBER 1.0
Director
$0 $40,379 $379,396
DR PATRICK COLEMAN BOARD MEMBER 1.0
Director
$0 $28,388 $354,007
DR SHABBIR MOTIWALA BOARD MEMBER 1.0
Director
$0 $17,578 $348,926
MS SHARON BAUMBERGER DIR RESEARCH FINANCE 40.0
Highest
$190,507 $24,645 $215,152
Mr Michael McAnder FORMER TREASURER/CFO PHC 0.0
$0 $0 $150,106
MS CARYN BERNSTEIN RESEARCH PROJ MGR 40.0
Highest
$129,975 $7,262 $137,237
MS AMY AUTRY-BUSH RESEARCHER 40.0
Highest
$122,887 $6,435 $129,322
MS KRISTINA PICARDI SR CLIN RESEARCH NURSE 40.0
Highest
$111,450 $13,847 $125,297
MR DARRYL BROOKS BOARD MEMBER 1.0
Director
$0 $0 $0
DR RICHARD HENGEL BOARD MEMBER 1.0
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 No data No data No data No data
2023 $4,335,063 $7,638,953 $3,926,439 $-3,303,890
2022 $4,280,757 $5,660,363 $5,483,906 $-1,379,606
2021 $3,667,027 $4,770,010 $3,754,448 $-1,102,983
2020 $3,256,570 $4,810,566 $2,864,045 $-1,553,996
2019 $4,672,392 $7,451,267 $1,952,724 $-2,778,875
2018 $4,849,605 $5,740,692 $1,464,212 $-891,087
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