NEW YORK HEART RESEARCH FOUNDATION INC (EIN 300221500) - 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

2003

Legal Domicile

Principal Officer

STEVEN SHAYANI

Phone

5168770977

Tax Period

2023-01-01 to 2023-12-31

NEW YORK HEART RESEARCH FOUNDATION INC, founded in 2003, is a micro nonprofit in the Medical Research sector that reported $500 in total revenue in fiscal year 2023. Expenses of $39K exceeded revenue, resulting in a 7709% operating deficit.

Mission

TO CONDUCT MEDICAL RESEARCH AND EDUCATION IN THE FIELD OF PULMONARY MEDICINE AND THE DEVELOPMENT OF DIAGNOSTIC AND TREATMENT OPTIONS FOR 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 $500

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $500

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $7,075

Other Expenses $39,044

TOTAL EXPENSES $39,044

Year-over-Year Comparison

	2023	2022	Change
Revenue	$500	N/A	N/A
Expenses	$39,044	$4,660	+7.4%
Net Income	$-38,544	$-4,660	+7.3%

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

N/A

Independent Members

N/A

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVEN SHAYANI	PRESIDENT	15.00	Officer Director	$0	$0	$0
BEN GHODSI	TREASURER	10.00	Officer Director	$0	$0	$0
STEVEN ZELDIS	SECRETARY	15.00	Director	$0	$0	$0
PATRICIA HODNETT	DIRECTOR	15.00	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
2024	No data	No data	No data	No data
2023	$500	$39,044	$80,593	$-38,544
2022	No data	$4,660	$122,137	No data
2021	$57	$8,603	$127,297	$-8,546
2020	$12,507	$12,468	$135,843	$39
2019	$36,629	$56,264	$136,009	$-19,635
2018	$157,244	$171,533	$156,338	$-14,289

NEW YORK HEART RESEARCH FOUNDATION INC