HEART DISEASE RESEARCH INSTITUTE (EIN 510555174) - 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

2005

Legal Domicile

Principal Officer

MICHAEL E MACKAY

Phone

6235664174

Tax Period

2024-10-01 to 2025-09-30

HEART DISEASE RESEARCH INSTITUTE, founded in 2005, is a micro nonprofit in the Diseases & Disorders sector that reported $60K in total revenue in fiscal year 2024. Revenue fell 27% from the prior year — a significant decline worth monitoring.

Mission

The Organization supports research programs and treatment of patients with heart disease and other degenerative diseases. It ships medical equipment, supplies, and humanitarian aid to hospitals and clinics worldwide.

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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 $60,337

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $60,337

Expense Breakdown

Grants Paid $20,000

Salaries & Benefits $20,088

Fundraising Expenses $2,811

Program Expenses $51,990

Other Expenses $20,286

TOTAL EXPENSES $60,374

Year-over-Year Comparison

	2024	2023	Change
Revenue	$60,337	$82,826	-0.3%
Expenses	$60,374	$114,623	-0.5%
Net Income	$-37	$-31,797	-1.0%

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

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

$18,660

Total Directors

$18,660

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL MACKAY	PRESIDENT	015.00	Officer Director	$18,660	$0	$18,660
WES WOODS	VICE PRESIDENT	001.00	Officer Director	$0	$0	$0
BILL JEFFERS	TREASURER/SECRETARY	001.00	Officer 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
2025	$60,337	$60,374	$17,350	$-37
2024	$82,826	$114,623	$17,614	$-31,797
2023	$136,116	$151,429	$47,999	$-15,313
2022	$134,751	$130,297	$107,291	$4,454
2021	$109,435	$120,759	$121,097	$-11,324
2020	$132,980	$131,393	$110,732	$1,587
2019	$219,651	$216,332	$107,617	$3,319
2018	$359,971	$347,065	$103,607	$12,906

HEART DISEASE RESEARCH INSTITUTE