Texas Heart Institute Foundation

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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

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.

Program Service Accomplishments

Program 1

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%)

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

Governance

Voting Members

Independent Members

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

$250,000

Total Directors

Key Employees

Highest Compensated

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