Texas Heart Institute (EIN 746053200) - 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

1962

Legal Domicile

Principal Officer

Howard Schramm

Phone

8323554011

Tax Period

2023-01-01 to 2023-12-31

Texas Heart Institute, founded in 1962, is a mid-sized nonprofit in the Medical Research sector that reported $50.2M in total revenue in fiscal year 2023. Revenue surged 77% from the prior year, signaling strong growth momentum. The organization ran a surplus of $8.6M, a strong 17% operating margin.

Mission

To reduce the devastating toll of cardiovascular disease through innovative programs.

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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 $27,669,944

Program Service Revenue $4,442,238

Investment Income $17,918,517

Other Revenue $128,596

TOTAL REVENUE $50,159,295

Expense Breakdown

Grants Paid $6,973,886

Salaries & Benefits $19,327,777

Fundraising Expenses $960,339

Program Expenses $28,675,821

Other Expenses $15,299,365

TOTAL EXPENSES $41,601,028

Year-over-Year Comparison

	2023	2022	Change
Revenue	$50,159,295	$28,297,437	+0.8%
Expenses	$41,601,028	$44,374,564	-0.1%
Net Income	$8,558,267	$-16,077,127	-1.5%

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

234

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

$1,401,155

Total Directors

Key Employees

$1,878,289

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Eric D Wade	Chair	2.00	Officer Director	$0	$0	$0
Alfred C Glassell III	Vice Chair	2.00	Officer Director	$0	$0	$0
David M Grimes II	Trustee	2.00	Director	$0	$0	$0
T Douglas Lawson PhD	Trustee	2.00	Director	$0	$0	$0
Bradley T Lembcke MD	Trustee	2.00	Director	$0	$0	$0
Thomas McGinn MD	Trustee	2.00	Director	$0	$0	$0
S Reed Morian	Trustee	2.00	Director	$0	$0	$0
Mark Parrington	Trustee	2.00	Director	$0	$0	$0
Randa Safady PhD	Trustee	2.00	Director	$0	$0	$0
Marc Shapiro	Trustee	2.00	Director	$0	$0	$0
Alan M Speir MD	Trustee	2.00	Director	$0	$0	$0
David Vega MD	Trustee	2.00	Director	$0	$0	$0
Joseph G Rogers MD	President & CEO	25.00	Officer	$781,717	$22,827	$975,019
Howard Schramm	Treasurer & CAO/CFO	40.00	Officer	$402,585	$23,551	$426,136
Emerson Perin MD PhD FACC	Medical Director	25.00	Key Emp	$562,650	$25,876	$1,048,328
Ronald Biediger	Director MCRL Chemistry	40.00	Key Emp	$250,112	$21,145	$271,257
Peter Vanderslice	Director MCRL Biology	40.00	Key Emp	$266,595	$21,262	$287,857
Darren Woodside	VP Research	40.00	Key Emp	$254,699	$16,148	$270,847
Gil Costas	Lab Animal Program Director	40.00	Highest	$219,777	$20,171	$239,948
Keri Sprung	VP Education	40.00	Highest	$209,290	$19,921	$229,211
Julie Kolar Voss	VP Development	40.00	Highest	$205,257	$24,750	$230,007
Jennifer Chambers	Administrative Director	40.00	Highest	$199,090	$19,069	$218,159
Robert Market	MCRL Assistant Director	40.00	Highest	$182,009	$19,092	$201,101

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	$50,159,295	$41,601,028	$268,164,127	$8,558,267
2022	$28,297,437	$44,374,564	$239,276,429	$-16,077,127
2021	$58,909,835	$36,916,848	$283,896,438	$21,992,987
2020	$23,972,166	$31,053,534	$235,969,493	$-7,081,368
2019	$28,403,557	$30,222,778	$215,362,535	$-1,819,221
2018	$24,880,402	$32,422,815	$171,250,541	$-7,542,413

Texas Heart Institute