FLORIDA HEART RESEARCH FOUNDATION INC (EIN 510474502) - 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

NANCY R CAVALIE

Phone

3056743020

Tax Period

2024-01-01 to 2024-12-31

FLORIDA HEART RESEARCH FOUNDATION INC, founded in 2003, is a small nonprofit in the Medical Research sector that reported $777K in total revenue in fiscal year 2024. Revenue fell 31% from the prior year — a significant decline worth monitoring. Expenses of $721K left a modest 7% surplus.

Mission

FLORIDA HEART RESEARCH FOUNDATION PROVIDES MUCH NEEDED FUNDING FOR CARDIOVASCULAR RESEARCH, EDUCATION AND PREVENTION. IT ALSO FUNDS NURSING SCHOLARSHIPS IN THE AREA OF 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 (2024)

Revenue Breakdown

Contributions & Grants $777,031

Program Service Revenue $0

Investment Income $31

Other Revenue $0

TOTAL REVENUE $777,062

Expense Breakdown

Grants Paid $663,000

Salaries & Benefits $0

Fundraising Expenses $58,391

Program Expenses $663,000

Other Expenses $58,391

TOTAL EXPENSES $721,391

Year-over-Year Comparison

	2024	2023	Change
Revenue	$777,062	$1,119,824	-0.3%
Expenses	$721,391	$1,399,305	-0.5%
Net Income	$55,671	$-279,481	-1.2%

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

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

$266,307

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOE ANN BATCHELLER	CHAIRMAN	1.00	Officer Director	$0	$0	$0
JOSE ANTONIO ADAMS MD	VICE CHAIR	1.00	Officer Director	$0	$0	$0
OLIVER R DI PIETRO MD	TRUSTEE	1.00	Director	$0	$0	$0
TRACY TOWLE HUMPHREY	TRUSTEE	1.00	Director	$0	$0	$0
MARY JEAN CATINCHI MELLA ESQ	TRUSTEE	1.00	Director	$0	$0	$0
CHARLES PORTER	TRUSTEE	1.00	Director	$0	$0	$0
MARIA CANOSSA-TERRIS MD	TRUSTEE	1.00	Director	$0	$0	$0
ELIZABETH WHALEN	TRUSTEE	1.00	Director	$0	$0	$0
ERIC FALKENBERG	TRUSTEE	1.00	Director	$0	$0	$0
NANCY CAVALIE	EXECUTIVE DIRECTOR	10.00	Officer	$0	$26,307	$266,307

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	$777,062	$721,391	$358,020	$55,671
2023	$1,119,824	$1,399,305	$593,614	$-279,481
2022	$1,073,846	$929,698	$1,068,910	$144,148
2021	$974,706	$1,067,355	$261,673	$-92,649
2020	$841,078	$543,449	$664,322	$297,629
2019	$783,849	$778,721	$721,693	$5,128
2018	$576,650	$557,429	$531,656	$19,221

FLORIDA HEART RESEARCH FOUNDATION INC