HEART CENTER OF GREATER WATERBURY (EIN 830416893) - 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

2004

Legal Domicile

Principal Officer

JENNIFER SCHNEIDER

Phone

8607144000

Tax Period

2020-10-01 to 2021-09-30

HEART CENTER OF GREATER WATERBURY, founded in 2004, is a micro nonprofit that reported $11K in total revenue in fiscal year 2020. Revenue surged 75900% from the prior year, signaling strong growth momentum. The organization ran a surplus of $10K, a strong 93% operating margin.

Mission

MANAGED SERVICE ORGANIZATION OFFERS ADVANCED CARDIAC CARE PROGRAM (SEE SCH O)THE HEART CENTER IS A MANAGED SERVICE ORGANIZATION THAT PROVIDES ADMINISTRATIVE SUPPORT AND MANAGEMENT FUNCTIONS TO THE ADVANCED CARDIAC CARE PROGRAM WHICH OFFERS PATIENTS AT ST. MARY'S HOSPITAL AND WATERBURY HOSPITAL IMMEDIATE ACCESS TO SERVICES SUCH AS ANGIOPLASTY AND OPEN-HEART SURGERY.ON DECEMBER 17, 2020, THE HEART CENTER OF GREATER WATERBURY, INC. FILED A CERTIFICATE OF DISSOLUTION WITH THE STATE OF CONNECTICUT. THE ORGANIZATION WOUND DOWN THE ACTIVITIES PRIOR TO SEPTEMBER 30, 2021.

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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 (2020)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $10,640

TOTAL REVENUE $10,640

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $704

TOTAL EXPENSES $704

Year-over-Year Comparison

	2020	2019	Change
Revenue	$10,640	$14	+759.0%
Expenses	$704	$8,097	-0.9%
Net Income	$9,936	$-8,083	-2.2%

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

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

$226,762

Total Directors

$792,185

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVE SCHNEIDER MD	DIRECTOR	1.00	Director	$0	$16,584	$565,423
KEVIN KNIERY	EXECUTIVE DIRECTOR	1.00	Officer Director	$0	$47,629	$226,762

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	$10,640	$704	No data	$9,936
2020	$14	$8,097	$3,064	$-8,083
2019	$115,491	$23,044	$97,171	$92,447
2018	$296,730	$463,198	$35,883	$-166,468

HEART CENTER OF GREATER WATERBURY