Texas Heart Institute Foundation

EIN: 760080297 501(c)(3)

Houston, TX

Total Revenue
$1,673,285
Total Expenses
$49,907
Total Assets
$27,756,015
Net Assets
$17,648,412
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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
1983
Legal Domicile
TX
Principal Officer
Howard Schramm
Phone
8323554994
Tax Period
2018-01-01 to 2018-12-31

Texas Heart Institute Foundation, founded in 1983, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2018. Revenue surged 2514% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.6M, a strong 97% operating margin.

Mission

To help provide for the future financial needs of the Texas Heart Institute by encouraging financial support from individuals, organizations and foundations.

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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%)

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Financial Overview (2018)

Revenue Breakdown

Contributions & Grants $272,761
Program Service Revenue $0
Investment Income $1,400,524
Other Revenue $0
TOTAL REVENUE $1,673,285

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $49,907
TOTAL EXPENSES $49,907

Year-over-Year Comparison

2018 2017 Change
Revenue $1,673,285 $64,008 +25.1%
Expenses $49,907 $9,859 +4.1%
Net Income $1,623,378 $54,149 +29.0%
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

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Governance

Voting Members
4
Independent Members
4
Employees
N/A
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
1
$250,000
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Suzanne Levin Chair 2.00
Director
$0 $0 $0
Julie Crosswell Trustee 2.00
Director
$0 $0 $0
Lindsey Holstead Trustee 2.00
Director
$0 $0 $0
Roland Sledge Trustee 2.00
Director
$0 $0 $0
Fred Zeidman Tres/CFO 1.00
Officer
$0 $0 $250,000
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
2018 $1,673,285 $49,907 $27,756,015 $1,623,378
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