INTERNATIONAL HEART INSTITUTE OF MONTANA FOUNDATION (EIN 810500863) - 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

1995

Legal Domicile

Principal Officer

TIMOTHY V DESCAMPS

Phone

4063295670

Tax Period

2021-01-01 to 2021-12-31

INTERNATIONAL HEART INSTITUTE OF MONTANA FOUNDATION, founded in 1995, is a small nonprofit that reported $569K in total revenue in fiscal year 2021. Revenue decreased 14% compared to the prior year. Expenses of $807K exceeded revenue, resulting in a 42% operating deficit.

Mission

THE INTERNATIONAL HEART INSTITUTE OF MONTANA FOUNDATION (IHIMF) FOSTERS THE PROVISION OF FULL-CONTINUUM, HIGH-QUALITY CARDIAC CARE BY CONDUCTING BASIC, TRANSLATIONAL, AND CLINICAL CARDIAC RESEARCH; DEVELOPING TECHNOLOGY WITH COMMERCIAL APPLICATIONS; AND PROVIDING TRAINING AND EDUCATION.

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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 (2021)

Revenue Breakdown

Contributions & Grants $131,100

Program Service Revenue $425,595

Investment Income $12,636

Other Revenue $0

TOTAL REVENUE $569,331

Expense Breakdown

Grants Paid $0

Salaries & Benefits $617,312

Fundraising Expenses $0

Program Expenses $323,193

Other Expenses $189,410

TOTAL EXPENSES $806,722

Year-over-Year Comparison

	2021	2020	Change
Revenue	$569,331	$662,098	-0.1%
Expenses	$806,722	$805,479	+0.0%
Net Income	$-237,391	$-143,381	+0.7%

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

$212,314

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIMOTHY V DESCAMPS	Executive Dir.	40.00	Officer	$182,243	$30,071	$212,314
JOYCE DOMBROUSKI	Co-Chair/CEO	2.00	Officer Director	$0	$0	$0
SETH BODNAR	Co-Chair	2.00	Officer Director	$0	$0	$0
REED HUMPHREY PT PHD	BOARD MEMBER	0.00	Director	$0	$0	$0
JAMES MCKAY MD	BOARD MEMBER	0.00	Director	$0	$0	$0
JOSEPH SCHMOKER MD	BOARD MEMBER	0.00	Director	$0	$0	$0
DANIEL SPOON MD	BOARD MEMBER	0.00	Director	$0	$0	$0
STEPHEN SPRANG	BOARD MEMBER	0.00	Director	$0	$0	$0
LAWRENCE L WHITE JR	BOARD MEMBER	0.00	Director	$0	$0	$0
SCOTT L WHITTENBURG	BOARD MEMBER	0.00	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
2021	$569,331	$806,722	No data	$-237,391
2020	$662,098	$805,479	$507,164	$-143,381
2019	$792,676	$803,447	$619,949	$-10,771
2018	$806,500	$862,263	$647,378	$-55,763

INTERNATIONAL HEART INSTITUTE OF MONTANA FOUNDATION