Heart Institute Of Southern New

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Heart Institute Of Southern New Form 990, Revenue, CEO Pay, and IRS Filing Signals

Heart Institute Of Southern New is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Heart Institute Of Southern New in one place.

Is Heart Institute Of Southern New Legit?

Some Concerns

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

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Across stored filings, Heart Institute Of Southern New shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Turn this Form 990 profile into a donor-ready report

Request a concise report for Heart Institute Of Southern New with revenue, expenses, executive compensation, red flags, peer context, and IRS source links. You can also request CSV exports or watchlist updates for future filings.

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Heart Institute Of Southern New directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.

About Heart Institute Of Southern New

Heart Institute Of Southern New (EIN: 222574758) is a nonprofit organization based in Moorestown, NJ. The organization reported total revenue of $2.1M and total assets of $10.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Heart Institute Of Southern New's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

Heart Institute Of Southern New is a mid-size nonprofit that has been operating for 40 years, with 9 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 14.2%.

Key Financial Metrics (2024)

From the most recent IRS 990 filing on record:

Financial Health Grade: A

In 2024, Heart Institute Of Southern New reported a surplus of $2.4M with revenue exceeding expenses, holds 219.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).

Financial Trends

Over 9 years of filings (2012–2024), Heart Institute Of Southern New's revenue has grown at a compound annual growth rate (CAGR) of 14.2%.

IRS Tax-Exempt Classification

Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.

AI Transparency Report

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Heart Institute Of Southern New with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

• admin: 20%
• programs: 70%
• fundraising: 10%

According to IRS 990 filings, Heart Institute Of Southern New allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.

Key Financial Metrics (2024)

From the most recent IRS 990 filing on record:

• The organization reported a surplus of $2.4M, with revenue exceeding expenses.
• Debt-to-asset ratio: 0.0%.

Executive Compensation Analysis

Executive compensation is reported as $0 across all available filings, which is unusual for an organization with over $10 million in assets and suggests either an all-volunteer leadership or compensation is reported under a different category.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of Heart Institute Of Southern New's IRS 990 filings:

• Significant year-over-year revenue volatility, with a sharp decline from $2,948,410 in 2024 to $447,469 in 2023, raising questions about funding stability.
• Consistent reporting of 0% compensation for executives, which may indicate a lack of transparency regarding leadership remuneration or an unusual operational model.
• The 'nt' (nonprofit type) field is missing from the provided data, making it difficult to fully assess the organization's mission and operational context.

Strengths

The following positive indicators were identified for Heart Institute Of Southern New:

• Maintained a substantial asset base, consistently above $7.5 million, indicating financial resilience.
• Low liability (l1) and 0% compensation (c0%) reported across all years, suggesting a lean operational structure or strong financial management.
• Long operational history with data available since 2013, demonstrating longevity in its field.

Frequently Asked Questions about Heart Institute Of Southern New

Filing History

IRS 990 filing history for Heart Institute Of Southern New showing financial trends over 9 years of public records:

Over 9 years of IRS 990 filings (2012–2024), Heart Institute Of Southern New's revenue has grown by 390.6%, moving from $601K to $2.9M. Total assets increased by 21.3% over the same period, from $8.2M to $10.0M. Total functional expenses fell by 34.2%, from $827K to $544K. In its most recent filing year (2024), Heart Institute Of Southern New reported a surplus of $2.4M, with revenue exceeding expenses. The organization holds $1 in liabilities against $10.0M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $10.0M.

Year-by-Year Financial Summary

• 2024: Revenue of $2.9M, expenses of $544K, and assets of $10.0M (revenue +558.9% year-over-year).
• 2023: Revenue of $447K, expenses of $613K, and assets of $7.6M (revenue -37.1% year-over-year).
• 2022: Revenue of $712K, expenses of $551K, and assets of $7.7M (revenue +224.4% year-over-year).
• 2021: Revenue of $219K, expenses of $503K, and assets of $7.6M (revenue -30.9% year-over-year).
• 2020: Revenue of $317K, expenses of $526K, and assets of $7.8M (revenue -81.2% year-over-year).
• 2015: Revenue of $1.7M, expenses of $838K, and assets of $8.9M (revenue +118.2% year-over-year).
• 2014: Revenue of $773K, expenses of $798K, and assets of $8.1M (revenue +4.9% year-over-year).
• 2013: Revenue of $737K, expenses of $823K, and assets of $8.1M (revenue +22.6% year-over-year).
• 2012: Revenue of $601K, expenses of $827K, and assets of $8.2M.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Heart Institute Of Southern New:

Data Sources and Methodology

This transparency report for Heart Institute Of Southern New 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.