Texas Heart Medical Group (EIN 843475904) - 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

2019

Legal Domicile

Principal Officer

Howard Schramm

Phone

8323554011

Tax Period

2023-01-01 to 2023-12-31

Texas Heart Medical Group, founded in 2019, is a mid-sized nonprofit in the Diseases & Disorders sector that reported $18.6M in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year.

Mission

To provide cutting-edge cardiac care to diagnose, treat, and prevent cardiovascular diseases.

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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 (2023)

Revenue Breakdown

Contributions & Grants $6,973,886

Program Service Revenue $11,648,012

Investment Income $0

Other Revenue $0

TOTAL REVENUE $18,621,898

Expense Breakdown

Grants Paid $0

Salaries & Benefits $14,415,919

Fundraising Expenses $0

Program Expenses $19,343,774

Other Expenses $4,927,855

TOTAL EXPENSES $19,343,774

Year-over-Year Comparison

	2023	2022	Change
Revenue	$18,621,898	$19,918,636	-0.1%
Expenses	$19,343,774	$15,033,911	+0.3%
Net Income	$-721,876	$4,884,725	-1.1%

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

N/A

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

$2,356,964

Total Directors

$4,455,167

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Joseph Rogers	Chair	15.00	Officer Director	$170,475	$22,827	$975,019
Emerson Perin	Director	15.00	Director	$459,802	$25,876	$1,048,328
Alberto Lopez	Director	40.00	Director	$772,918	$30,049	$802,967
D Richard Leachman	Director	40.00	Director	$760,693	$8,778	$769,471
Stephanie Coulter	Director	40.00	Director	$829,333	$30,049	$859,382
Eduardo Hernandez	President	40.00	Officer	$784,241	$23,650	$807,891
Howard Schramm	Treasurer	1.00	Officer	$0	$23,551	$426,136
Marcia Strauss	Secretary	1.00	Officer	$0	$2,508	$147,918
Zvonimir Krajcer	Physician	40.00	Highest	$528,848	$8,778	$537,626
Jennifer Cozart	Physician	40.00	Highest	$841,119	$8,513	$849,632
Alexander Postalian Yrausquin	Physician	40.00	Highest	$519,613	$30,049	$549,662
Charles Hallman	Physician	40.00	Highest	$856,261	$17,973	$874,234
James Livesay	Physician	40.00	Highest	$696,478	$22,429	$718,907

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	No data	No data	No data	No data
2023	$18,621,898	$19,343,774	$14,871,033	$-721,876
2022	$19,918,636	$15,033,911	$16,403,692	$4,884,725
2021	$13,763,716	$12,047,401	$3,141,815	$1,716,315
2020	$4,414,919	$3,461,914	$1,947,595	$953,005

Texas Heart Medical Group