ISHLT FOUNDATION (EIN 921940881) - 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

2023

Legal Domicile

Principal Officer

GREGORY SCHULTZ

Phone

3122241261

Tax Period

2024-01-01 to 2024-12-31

ISHLT FOUNDATION, founded in 2023, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.5M in total revenue in fiscal year 2024. Revenue fell 63% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $1.1M, a strong 73% operating margin.

Mission

THE ISHLT FOUNDATION FUNDS RESEARCH TO IMPROVE PATIENT CARE IN ADVANCED HEART AND LUNG DISEASE, AND PROGRAMS THAT DEVELOP THE NEXT GENERATION OF RESEARCHERS AND CLINICIANS AROUND THE WORLD.

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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 $1,434,981

Program Service Revenue $0

Investment Income $66,465

Other Revenue $0

TOTAL REVENUE $1,501,446

Expense Breakdown

Grants Paid $256,619

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $256,619

Other Expenses $153,165

TOTAL EXPENSES $409,784

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,501,446	$4,029,178	-0.6%
Expenses	$409,784	$654,973	-0.4%
Net Income	$1,091,662	$3,374,205	-0.7%

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

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

$592,546

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES KIRKLIN	CHAIR	1.00	Officer Director	$0	$0	$0
PETER HOPKINS	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
MELANIE EVERITT	AT LARGE TRUSTEE	1.00	Director	$0	$0	$0
MARIA ROSA COSTANZO	AT LARGE TRUSTEE	1.00	Director	$0	$0	$0
DAVID MCGIFFIN	AT LARGE TRUSTEE	1.00	Director	$0	$0	$0
FRANCIS PAGANI	AT LARGE TRUSTEE	1.00	Director	$0	$0	$0
JOHN WALLWORK	AT LARGE TRUSTEE	1.00	Director	$0	$0	$0
JASON D CHRISTIE	AT LARGE TRUSTEE	1.00	Director	$0	$0	$0
GREGORY SCHULTZ	CEO	1.00	Officer	$0	$31,677	$438,179
AARON ADAIR	COO	1.00	Officer	$0	$19,892	$154,367

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	$1,501,446	$409,784	$6,000,015	$1,091,662
2023	$4,029,178	$654,973	$3,719,205	$3,374,205

ISHLT FOUNDATION