OKLAHOMA HEART HOSPITAL RESEARCH F… - Form 990 Financial Data

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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

1993

Legal Domicile

Principal Officer

THOMAS HENNEBRY MD

Phone

4056081280

Tax Period

2023-01-01 to 2023-12-31

OKLAHOMA HEART HOSPITAL RESEARCH FOUNDATION INC, founded in 1993, is a community nonprofit in the Medical Research sector that reported $1.0M in total revenue in fiscal year 2023. Expenses of $1.2M exceeded revenue, resulting in a 18% operating deficit.

Mission

CONDUCT NONPROFIT CLINICAL RESEARCH FOR TREATMENT OF CARDIOVASCULAR DISEASES AND DISORDERS.

Program Service Accomplishments

Program 1

Expenses: $565,495 Revenue: $78,702

ADVANCE QUALITY PATIENT CARE IN TREATMENT OF CARDIOVASCULAR DISORDERS AND OTHER MEDICAL DISEASES BY PERFORMING NON-PROFIT MEDICAL CLINICAL RESEARCH AND INVESTIGATION OF MEDICAL DRUG AND DEVICE...

ADVANCE QUALITY PATIENT CARE IN TREATMENT OF CARDIOVASCULAR DISORDERS AND OTHER MEDICAL DISEASES BY PERFORMING NON-PROFIT MEDICAL CLINICAL RESEARCH AND INVESTIGATION OF MEDICAL DRUG AND DEVICE TECHNOLOGY.

Program 2

Expenses: $330,245

FACILITATE MEDICALLY NEEDY PATIENTS WITH FREE MEDICAL THERAPY OR TREATMENT AT SUBSTANTIALLY REDUCED OR NO COSTS. FACILITATE HOSPITAL TREATMENT FOR PATIENTS WITH NO MEDICAL INSURANCE OR WHO ARE...

FACILITATE MEDICALLY NEEDY PATIENTS WITH FREE MEDICAL THERAPY OR TREATMENT AT SUBSTANTIALLY REDUCED OR NO COSTS. FACILITATE HOSPITAL TREATMENT FOR PATIENTS WITH NO MEDICAL INSURANCE OR WHO ARE SIGNIFICANTLY UNDERINSURED.

Program 3

PARTICIPATE IN CLINICAL RESEARCH STUDIES PERFORMED BY THE NATIONAL INSTITUTE OF HEALTH, THE NATIONAL INSTITUTE OF HEART LUNG AND BLOOD, AND VARIOUS UNIVERSITIES INCLUDING OKLAHOMA HEALTH SCIENCES...

PARTICIPATE IN CLINICAL RESEARCH STUDIES PERFORMED BY THE NATIONAL INSTITUTE OF HEALTH, THE NATIONAL INSTITUTE OF HEART LUNG AND BLOOD, AND VARIOUS UNIVERSITIES INCLUDING OKLAHOMA HEALTH SCIENCES CENTER, DUKE UNIVERSITY AND GEORGE WASHINGTON.INITIATE INDEPENDENT SCIENTIFIC RESEARCH RELATED TO TREATMENT OF CARDIAC DISORDERS AND OTHER MEDICAL DISEASES.

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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 $983,774

Program Service Revenue $78,702

Investment Income $2,972

Other Revenue $-16,310

TOTAL REVENUE $1,049,138

Expense Breakdown

Grants Paid $0

Salaries & Benefits $761,154

Fundraising Expenses $295,533

Program Expenses $906,640

Other Expenses $480,675

TOTAL EXPENSES $1,241,829

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,049,138	$1,053,193	0.0%
Expenses	$1,241,829	$1,024,896	+0.2%
Net Income	$-192,691	$28,297	-7.8%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS HENNEBRY MD	PRESIDENT/MEDICAL DIRECTOR	5.00	Officer Director	$0	$0	$0
MARVIN WOODALL	DIRECTOR	1.00	Director	$0	$0	$0
MOHAMMAD GHANI MD	SECRETARY/DIRECTOR	5.00	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
2024	No data	No data	No data	No data
2023	$1,049,138	$1,241,829	$1,422,313	$-192,691
2022	$1,053,193	$1,024,896	$1,604,034	$28,297
2021	$1,143,021	$1,230,262	$1,593,414	$-87,241
2020	$1,009,799	$926,986	$1,805,301	$82,813

OKLAHOMA HEART HOSPITAL RESEARCH FOUNDATION INC