Heart Hospital Of New Mexico Foundation
EIN: 850469089 · Albuquerque, NM · NTEE: A30
| Metric | Value |
|---|---|
| Total Revenue | $185K |
| Total Expenses | $121K |
| Net Assets | $69K |
Is Heart Hospital Of New Mexico Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Heart Hospital Of New Mexico Foundation
Heart Hospital Of New Mexico Foundation (EIN: 850469089) is a nonprofit organization based in Albuquerque, NM, classified under NTEE code A30. The organization reported total revenue of $185K and total assets of $831K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Heart Hospital Of New Mexico Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Heart Hospital Of New Mexico Foundation is a small nonprofit that has been operating for 25 years, with 8 years of IRS 990 filings on record (2011–2018). Revenue has grown at a compound annual rate of 17.9%.
Key Financial Metrics (2018)
From the most recent IRS 990 filing on record:
| Total Revenue | $182K |
| Total Expenses | $121K |
| Surplus / Deficit | +$61K |
| Total Assets | $831K |
| Total Liabilities | $762K |
| Net Assets | $69K |
| Operating Margin | 33.4% |
| Debt-to-Asset Ratio | 91.7% |
| Months of Reserves | 82.2 months |
Financial Health Grade: A
In 2018, Heart Hospital Of New Mexico Foundation reported a surplus of $61K with revenue exceeding expenses, holds 82.2 months of operating reserves (strong position), has a debt-to-asset ratio of 91.7% (high leverage).
Financial Trends
Over 8 years of filings (2011–2018), Heart Hospital Of New Mexico Foundation's revenue has grown at a compound annual growth rate (CAGR) of 17.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2018 | +423.4% | +235.1% | +10526.3% |
| 2017 | -1.5% | -29.1% | -34.2% |
| 2016 | +3.9% | -10.2% | -56.9% |
| 2015 | -42.9% | +9.2% | -45.2% |
| 2014 | +33.5% | -19.1% | +17.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2001 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Heart Hospital Of New Mexico Foundation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Heart Hospital Of New Mexico Foundation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2018)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $61K, with revenue exceeding expenses.
- Debt-to-asset ratio: 91.7%.
Frequently Asked Questions about Heart Hospital Of New Mexico Foundation
Is Heart Hospital Of New Mexico Foundation a legitimate charity?
Heart Hospital Of New Mexico Foundation (EIN: 850469089) is a registered tax-exempt nonprofit based in New Mexico. It has 8 years of IRS 990 filings on record. Total revenue: $185K. No red flags identified. Financial health grade: A.
How does Heart Hospital Of New Mexico Foundation spend its money?
Heart Hospital Of New Mexico Foundation reported $185K in total revenue in IRS 990 filings. 8 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Heart Hospital Of New Mexico Foundation tax-deductible?
Heart Hospital Of New Mexico Foundation is registered as a tax-exempt nonprofit (EIN: 850469089). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Heart Hospital Of New Mexico Foundation located?
Heart Hospital Of New Mexico Foundation is headquartered in Albuquerque, New Mexico and files with the IRS under EIN 850469089. It is classified under NTEE code A30.
How many years of IRS 990 filings does Heart Hospital Of New Mexico Foundation have?
Heart Hospital Of New Mexico Foundation has 8 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $185K in total revenue.
Filing History
IRS 990 filing history for Heart Hospital Of New Mexico Foundation showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2011–2018), Heart Hospital Of New Mexico Foundation's revenue has grown by 217%, moving from $57K to $182K. Total assets increased by 634.2% over the same period, from $113K to $831K. Total functional expenses rose by 53.3%, from $79K to $121K. In its most recent filing year (2018), Heart Hospital Of New Mexico Foundation reported a surplus of $61K, with revenue exceeding expenses. The organization holds $762K in liabilities against $831K in assets (debt-to-asset ratio: 91.7%), resulting in net assets of $69K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2018 | $182K | $121K | $831K | $762K | — | View 990 |
| 2017 | $35K | $36K | $8K | $0 | — | View 990 |
| 2016 | $35K | $51K | $12K | $3K | — | View 990 |
| 2015 | $34K | $57K | $28K | $3K | — | View 990 |
| 2014 | $60K | $52K | $50K | $3K | — | View 990 |
| 2013 | $45K | $64K | $43K | $3K | — | View 990 |
| 2012 | $24K | $75K | $63K | $2K | — | View 990 |
| 2011 | $57K | $79K | $113K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2018: Revenue of $182K, expenses of $121K, and assets of $831K (revenue +423.4% year-over-year).
- 2017: Revenue of $35K, expenses of $36K, and assets of $8K (revenue -1.5% year-over-year).
- 2016: Revenue of $35K, expenses of $51K, and assets of $12K (revenue +3.9% year-over-year).
- 2015: Revenue of $34K, expenses of $57K, and assets of $28K (revenue -42.9% year-over-year).
- 2014: Revenue of $60K, expenses of $52K, and assets of $50K (revenue +33.5% year-over-year).
- 2013: Revenue of $45K, expenses of $64K, and assets of $43K (revenue +86.0% year-over-year).
- 2012: Revenue of $24K, expenses of $75K, and assets of $63K (revenue -58.2% year-over-year).
- 2011: Revenue of $57K, expenses of $79K, and assets of $113K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Heart Hospital Of New Mexico Foundation:
Data Sources and Methodology
This transparency report for Heart Hospital Of New Mexico Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.