NEW HEART INC

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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

1977

Legal Domicile

Principal Officer

YAW A ADJEI-POKU MD

Phone

5058818195

Tax Period

2023-01-01 to 2023-12-31

NEW HEART INC, founded in 1977, is a small nonprofit that reported $768K in total revenue in fiscal year 2023. Revenue fell 31% from the prior year — a significant decline worth monitoring. Expenses of $1.2M exceeded revenue, resulting in a 54% operating deficit.

Mission

HEART HEALTH EDUCATION AND REHABILITATION.

Program Service Accomplishments

Program 1

Expenses: $858,962 Revenue: $579,260

NEW HEART, INC. PROVIDES REABILITATIVE AND PREVENTIVE PROGRAMING CONSISTING OF NUTRITION COUNSELING, BEHAVIORAL COUNSELING, LIFESTYLE COACHING, SUPERVISED EXERCIES AND MEDICAL MONITORING FOR PATIENTS WITH A HISTORY OR RISK OF HEART DISEASE. MOST SERVICES ARE AVAILABLE TO THE GENERAL PUBLIC.

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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 $173,094

Program Service Revenue $579,260

Investment Income $4,636

Other Revenue $10,800

TOTAL REVENUE $767,790

Expense Breakdown

Grants Paid $0

Salaries & Benefits $514,816

Fundraising Expenses $2,584

Program Expenses $858,962

Other Expenses $665,204

TOTAL EXPENSES $1,180,020

Year-over-Year Comparison

	2023	2022	Change
Revenue	$767,790	$1,109,299	-0.3%
Expenses	$1,180,020	$1,224,840	0.0%
Net Income	$-412,230	$-115,541	+2.6%

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

$73,299

Total Directors

$170,138

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
YAW A ADJEI-POKU MD	PRESIDENT	0.25	Officer	$0	$0	$0
FENTON MCCARTHY MD	SECRETARY	0.25	Officer	$0	$0	$0
BARRY RAMO MD	BOARD CHAIR	30.00	Director	$11,180	$0	$170,138
MARK BIENIARZ MD	DIRECTOR	0.25	Director	$0	$0	$0
IRV DIAMOND CPA	DIRECTOR	0.10	Director	$0	$0	$0
SEAN MAZER MD	DIRECTOR	0.10	Director	$0	$0	$0
SERENA PETTES	DIRECTOR	0.10	Director	$0	$0	$0
STEVEN RODGERS	DIRECTOR	0.10	Director	$0	$0	$0
OMAR NEGRETE	FMR EXECUTIV	40.00	Officer	$70,480	$2,819	$73,299
MARTHA MOWRY	CUR EXECUTIV	40.00	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	No data	No data	No data	No data
2023	$767,790	$1,180,020	$2,717,485	$-412,230
2022	$1,109,299	$1,224,840	$2,972,415	$-115,541
2021	$999,578	$947,881	$3,177,749	$51,697
2020	$1,015,995	$934,013	$3,126,605	$81,982
2019	$1,132,175	$968,299	$2,935,329	$163,876
2018	$1,180,502	$878,691	$2,751,614	$301,811