IN A HEARTBEAT INC

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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

2015

Legal Domicile

Principal Officer

MIKE PAPALE

Phone

2039803599

Tax Period

2023-01-01 to 2023-12-31

IN A HEARTBEAT INC, founded in 2015, is a small nonprofit in the Diseases & Disorders sector that reported $210K in total revenue in fiscal year 2023. The organization ran a surplus of $47K, a strong 22% operating margin.

Mission

IN A HEARTBEAT, INC. EXISTS TO RAISE THE AWARENESS OF SUDDEN CARDIAC ARREST AND HYPERTROPHIC CARDIOMYOPATHY, DONATE AND PROVIDE QUALIFIED ORGANIZATIONS WITH AUTOMATED EXTERNAL DEFIBRILLATORS AND ASSIST WITH THE CREATION OF ACTION PLANS FOR EMERGENCY SITUATIONS; AND SUPPORT, FUND AND ADVANCE THE RESEARCH OF HCM.

Program Service Accomplishments

Program 1

Expenses: $132,502

AED DONATION PROGRAM - WE DONATE AEDS TO BUSINESSES, SCHOOLS, FAMILIES, AND OTHER ORGANIZATIONS IN NEED. IN ADDITION WE PROVIDE TRAINING AND ASSIST WITH CREATING EMERGENCY ACTION PLANS TO ENSURE...

AED DONATION PROGRAM - WE DONATE AEDS TO BUSINESSES, SCHOOLS, FAMILIES, AND OTHER ORGANIZATIONS IN NEED. IN ADDITION WE PROVIDE TRAINING AND ASSIST WITH CREATING EMERGENCY ACTION PLANS TO ENSURE SOMEONE IN CARDIAC ARREST HAS THE BEST POSSIBLE CHANCE OF SURVIVING.

Program 2

HYPERTROPHIC CARDIOMYOPATHY RESEARCH FUNDING PROGRAM - WE PROVIDE SUPPORT TO RESEARCH PROJECTS THAT SPECIFICALLY HELP FURTHER THE OVERALL KNOWLEDGE OF HYPERTROPHIC CARDIOMYOPATHY.

Program 3

Expenses: $30,901

SUPPORT PROGRAM - WE PROVIDE ONLINE, PHONE, AND PERSONAL SUPPORT TO HEART DISEASE PATIENTS, CARDIAC ARREST SURVIVORS, PATIENTS LIVING WITH AN ICD, AND THEIR FAMILIES.

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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 $172,556

Program Service Revenue $0

Investment Income $962

Other Revenue $36,565

TOTAL REVENUE $210,083

Expense Breakdown

Grants Paid $0

Salaries & Benefits $26,144

Fundraising Expenses $0

Program Expenses $163,403

Other Expenses $137,259

TOTAL EXPENSES $163,403

Year-over-Year Comparison

	2023	2022	Change
Revenue	$210,083	N/A	N/A
Expenses	$163,403	N/A	N/A
Net Income	$46,680	N/A	N/A

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

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

$24,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE PAPALE	PRESIDENT	40.00	Officer	$24,000	$0	$24,000
KEVIN DINGUS	DIRECTOR	2.00	Director	$0	$0	$0
BRANDON GADE	DIRECTOR	2.00	Director	$0	$0	$0
MATT GADE	DIRECTOR	2.00	Director	$0	$0	$0
CHRIS GATCOMB	DIRECTOR	2.00	Director	$0	$0	$0
MIKE PAPALE JR	DIRECTOR	4.00	Director	$0	$0	$0
SARA MACDONOUGH-CIVITELLO	DIRECTOR	2.00	Director	$0	$0	$0
CONOR MEEHAN	DIRECTOR	2.00	Director	$0	$0	$0
JOHN PAPALE	DIRECTOR	2.00	Director	$0	$0	$0
ALYSSA BUDKOFSKY	TREASURER	2.00	Officer	$0	$0	$0
JOAN PAPALE	VICE PRESIDE	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
2024	No data	No data	No data	No data
2023	$210,083	$163,403	$113,226	$46,680