IOWA HEART FOUNDATION (EIN 421372472) - 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

1991

Legal Domicile

Principal Officer

LEZLIE MESTDAGH

Phone

5156333994

Tax Period

2023-01-01 to 2023-12-31

IOWA HEART FOUNDATION, founded in 1991, is a small nonprofit in the Medical Research sector that reported $610K in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $132K, a strong 22% operating margin.

Mission

IOWA HEART FOUNDATION IS COMMITTED TO IMPROVING HEART HEALTH EDUCATION AND DEDICATED TO THE PREVENTION OF HEART DISEASE. IT IS OUR VISION TO BECOME IOWA'S LEADER IN PROMOTION OF CARDIOVASCULAR HEALTH. WE FOCUS ON IMPROVING THE HEART HEALTH OF ALL IOWANS BY FOCUSING ON COMMUNITY OUTREACH AND EDUCATION, PROMISING PREVENTION PROGRAMS AND CLINICAL EDUCATION SUPPORT AND TRAINING.

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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 $315,248

Program Service Revenue $2,199

Investment Income $283,750

Other Revenue $9,005

TOTAL REVENUE $610,202

Expense Breakdown

Grants Paid $108,200

Salaries & Benefits $0

Fundraising Expenses $11,123

Program Expenses $399,009

Other Expenses $370,198

TOTAL EXPENSES $478,398

Year-over-Year Comparison

	2023	2022	Change
Revenue	$610,202	$518,949	+0.2%
Expenses	$478,398	$377,242	+0.3%
Net Income	$131,804	$141,707	-0.1%

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

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
TM BROWN MD	CHAIRMAN	1.00	Officer Director	$0	$0	$0
JOHN D SHORS	VICE-CHAIRMAN	1.00	Officer Director	$0	$0	$0
MARK A TANNENBAUM MD	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
MICHAEL FRAIZER MD	DIRECTOR	1.00	Director	$0	$0	$0
JOSE BORROMEO MD	DIRECTOR	1.00	Director	$0	$0	$0
FRAN JOHNSON MD	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
2024	No data	No data	No data	No data
2023	$610,202	$478,398	$7,315,267	$131,804
2022	$518,949	$377,242	$7,267,805	$141,707
2021	$741,678	$334,705	$6,660,710	$406,973
2020	$603,268	$560,416	$6,276,454	$42,852
2019	$459,783	$356,277	$6,085,514	$103,506
2018	$882,255	$261,840	$5,904,865	$620,415

IOWA HEART FOUNDATION