TEAM HEART INC (EIN 271435443) - 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

2009

Legal Domicile

Principal Officer

CECILIA PATTON

Phone

6174544355

Tax Period

2024-01-01 to 2024-12-31

TEAM HEART INC, founded in 2009, is a small nonprofit in the Health Care sector that reported $470K in total revenue in fiscal year 2024. Revenue fell 45% from the prior year — a significant decline worth monitoring. Expenses of $729K exceeded revenue, resulting in a 55% operating deficit.

Mission

TO ADDRESS THE BURDEN OF CARDIOVASCULAR DISEASE IN RWANDA BY INCREASING ACCESS TO CARE THROUGH COLLECTING AND SHARING DATA, IMPROVING FACILITIES, EDUCATION AND SKILL TRANSFER, AND ACCESS TO ESSENTIAL CARDIAC MEDICATIONS AND SUPPLIES FOR ALL.

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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 $470,087

Program Service Revenue $0

Investment Income $169

Other Revenue $0

TOTAL REVENUE $470,256

Expense Breakdown

Grants Paid $10,500

Salaries & Benefits $103,073

Fundraising Expenses $11,885

Program Expenses $650,049

Other Expenses $615,216

TOTAL EXPENSES $728,789

Year-over-Year Comparison

	2024	2023	Change
Revenue	$470,256	$857,704	-0.5%
Expenses	$728,789	$745,504	0.0%
Net Income	$-258,533	$112,200	-3.3%

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

150

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CECILIA PATTON	EXECUTIVE DI	40.00	Officer Director	$0	$0	$0
R MORTON BOLMAN III	PRESIDENT	10.00	Officer Director	$0	$0	$0
POORNIMA BEDI	BOARD MEMBER	3.00	Director	$0	$0	$0
DOUGLAS M FERGUSON	BOARD MEMBER	5.00	Director	$0	$0	$0
AMY FIEDLER	BOARD MEMBER	2.00	Director	$0	$0	$0
JOSEPH MUCUMBITISI	BOARD MEMBER	5.00	Director	$0	$0	$0
JABARIS SWAIN	BOARD MEMBER	5.00	Director	$0	$0	$0
DAVID WILSON	BOARD MEMBER	5.00	Director	$0	$0	$0
KRISTIN CALHENO HILL	CLERK	10.00	Officer	$0	$0	$0
GEORGE DUCASSE	TREASURER	2.00	Officer	$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	$470,256	$728,789	$892,146	$-258,533
2023	$857,704	$745,504	$1,142,646	$112,200
2022	$928,906	$516,736	$982,359	$412,170
2021	$367,445	$380,450	$564,626	$-13,005
2021	$367,445	$380,450	$564,626	$-13,005
2020	$519,254	$204,502	$575,521	$314,752
2019	$720,184	$617,184	$282,209	$103,000
2018	$776,268	$783,017	$153,231	$-6,749

TEAM HEART INC