HEART VALVE COLLABORATORY 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

2020

Legal Domicile

Principal Officer

DONALD ABRAMS

Phone

6464344691

Tax Period

2024-01-01 to 2024-12-31

HEART VALVE COLLABORATORY INC, founded in 2020, is a small nonprofit in the Diseases & Disorders sector that reported $241K in total revenue in fiscal year 2024. Revenue surged 48% from the prior year, signaling strong growth momentum. Expenses of $287K exceeded revenue, resulting in a 19% operating deficit.

Mission

TO CREATE A DYNAMIC, INTERACTIVE COLLABORATIVE COMMUNITY OF STAKEHOLDERS UNDER A SINGLE UMBRELLA FOR THE PURPOSE OF CATALYZING CLINICAL RESEARCH, ADVANCING REGULATORY SCIENCE, ADDRESSING KNOWLEDGE GAPS AND CREATING MEANINGFUL ADVANCES IN OUR UNDERSTANDING OF VALVULAR HEART DISEASE.

Program Service Accomplishments

Program 1

Expenses: $249,974 Revenue: $132,175

THROUGH WORKING GROUPS HVC PURSUES A VARIETY OF PROJECTS AIMED AT DEEPENING THE UNDERSTANDING AND IMPROVING THE TREATMENT OF VALVULAR HEART DISEASE WITH DIFFERENT WORK PRODUCTS AND END GOALS SUCH AS CONSENSUS DOCUMENTS, THINK TANKS, AND CLINICAL TRIAL DESIGNS. THROUGH THESE ACTIVITIES HVC CREATES A DYNAMIC, INTERACTIVE COLLABORATION COMMUNITY OF STAKEHOLDERS UNDER A SINGLE UMBRELLA FOR THE PURPOSE OF CATALYZING CLINICAL RESEARCH, ADVANCING REGULATORY POLICY, ADDRESSING KNOWLEDGE GAPS AND CREATING MEANINGFUL ADVANCES IN OUR UNDERSTANDING OF VALVULAR HEART DISEASE

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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 $109,064

Program Service Revenue $132,175

Investment Income $0

Other Revenue $0

TOTAL REVENUE $241,239

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $249,974

Other Expenses $286,540

TOTAL EXPENSES $286,540

Year-over-Year Comparison

	2024	2023	Change
Revenue	$241,239	$163,333	+0.5%
Expenses	$286,540	$490,908	-0.4%
Net Income	$-45,301	$-327,575	-0.9%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DONALD ABRAMS	SECRETARY	1.00	Officer Director	$0	$0	$0
EILEEN MORALES	TREASURER	5.00	Officer Director	$0	$0	$0
JAVED BUTLER	DIRECTOR	1.00	Officer Director	$0	$0	$0
MARTIN B LEON MD	DIRECTOR	10.00	Director	$0	$0	$0
MICHAEL MACK MD	DIRECTOR	10.00	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
2024	$241,239	$286,540	$171,397	$-45,301
2022	$239,667	$243,340	$237,862	$-3,673
2021	$300,000	$243,613	$181,917	$56,387