MITRAL FOUNDATION (EIN 800468600) - 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

2009

Legal Domicile

Phone

6466054002

Tax Period

2024-01-01 to 2024-12-31

MITRAL FOUNDATION, founded in 2009, is a community nonprofit in the Health Care sector that reported $2.1M in total revenue in fiscal year 2024. Revenue fell 67% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $1.2M, a strong 58% operating margin.

Mission

THE MITRAL FOUNDATION IS A SUPPORTING ORGANIZATION WITH THE PURPOSE TO SUPPORT THE MITRAL VALVE REPAIR REFERENCE CENTER AT THE MOUNT SINAI HOSPITAL.

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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 $2,079,981

Program Service Revenue $10,000

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,089,981

Expense Breakdown

Grants Paid $171,577

Salaries & Benefits $251,571

Fundraising Expenses $0

Program Expenses $885,536

Other Expenses $462,388

TOTAL EXPENSES $885,536

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,089,981	$6,366,710	-0.7%
Expenses	$885,536	$873,022	+0.0%
Net Income	$1,204,445	$5,493,688	-0.8%

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

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

$12,337,033

Total Directors

$10,242,504

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID H ADAMS MD 1	PRESIDENT	0.5	Officer Director	$0	$54,985	$6,050,056
DENNIS CHARNEY MD 1 2	VICE PRESIDENT	0.5	Officer Director	$0	$57,057	$2,636,248
FREDERICK SLAGLE	SECRETARY	1.0	Officer Director	$0	$0	$0
JURGEN A FRIEDRICH	CHAIRMAN/DIRECTOR	1.0	Officer Director	$0	$0	$0
VALENTIN FUSTER MD 1	BOARD DIRECTOR	0.5	Director	$0	$102,436	$1,556,200
FREDERICK R CUMMINGS JR	ASSISTANT SECRETARY	1.0	Officer	$0	$0	$0
MARK KOSTEGAN FAHP 1	VICE PRESIDENT FOR DEVELOPMENT	0.5	Officer	$0	$60,615	$1,593,589
STEPHEN HARVEY 1	TREASURER	0.5	Officer	$0	$85,092	$2,057,140

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	$2,089,981	$885,536	$8,638,357	$1,204,445
2023	$6,366,710	$873,022	$7,433,912	$5,493,688
2022	$1,480,969	$1,047,891	$1,940,224	$433,078
2021	$1,066,598	$896,643	$1,507,146	$169,955
2020	$796,023	$1,043,429	$1,337,191	$-247,406
2019	$2,241,689	$1,078,094	$1,584,597	$1,163,595
2018	$369,917	$599,165	$421,002	$-229,248

MITRAL FOUNDATION