Global Alliance for Rheumatic & Congenital Hearts (EIN 824892355) - 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

2020

Legal Domicile

Principal Officer

Kate Doherty- Schmeck

Phone

7325571700

Tax Period

2024-01-01 to 2024-12-31

Global Alliance for Rheumatic & Congenital Hearts, founded in 2020, is a small nonprofit in the Medical Research sector that reported $219K in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum.

Mission

To improve worldwide lifelong outcomes in childhood-onset heart disease through empowering patient and family organizations.

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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 $218,776

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $218,776

Expense Breakdown

Grants Paid $0

Salaries & Benefits $189,799

Fundraising Expenses $15,937

Program Expenses $178,562

Other Expenses $44,024

TOTAL EXPENSES $233,823

Year-over-Year Comparison

	2024	2023	Change
Revenue	$218,776	$177,371	+0.2%
Expenses	$233,823	$154,900	+0.5%
Net Income	$-15,047	$22,471	-1.7%

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

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

$146,975

Total Directors

$22,680

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kate Doherty- Schmeck	Executive Dir.	35.00	Officer	$121,349	$2,946	$124,295
Shelagh Ross	Secretary	10.00	Officer Director	$22,680	$0	$22,680
Amy Verstappen	President	1.00	Officer Director	$0	$0	$0
Disty Pearson	Vice President	1.00	Officer Director	$0	$0	$0
David La Fontaine	Treasurer	1.00	Officer Director	$0	$0	$0
Bistra Zgeleva	Director	1.00	Director	$0	$0	$0
Flavia Kamalembo Batureine	Director	1.00	Director	$0	$0	$0
Lavinia Ndemutila Ndinangoye	Director	1.00	Director	$0	$0	$0
Ruth Ngwaro	Director	1.00	Director	$0	$0	$0
Grace Jerald	Director	1.00	Director	$0	$0	$0
Tendai Mayo	Director	1.00	Director	$0	$0	$0
Belen Blanton Altuve	Director	1.00	Director	$0	$0	$0
Amaya Saez	Director	1.00	Director	$0	$0	$0
Blanca Del Valle	Director	1.00	Director	$0	$0	$0
Anu Gomanju	Director	1.00	Officer	$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
2024	$218,776	$233,823	$77,692	$-15,047

Global Alliance for Rheumatic & Congenital Hearts