Heart Valve Society
EIN: 550870225 · Beverly, MA · NTEE: E03
About Heart Valve Society
Heart Valve Society (EIN: 550870225) is a nonprofit organization based in Beverly, MA, classified under NTEE code E03. The organization reported total revenue of $593K and total assets of $340K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Heart Valve Society's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Analysis Pending
AI enrichment for Heart Valve Society 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 Valve Society 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.
Filing History
IRS 990 filing history for Heart Valve Society showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Heart Valve Society's revenue has declined by 4.5%, moving from $575K to $549K. Total assets increased by 243% over the same period, from $131K to $449K. Total functional expenses rose by 19.5%, from $455K to $544K. In its most recent filing year (2023), Heart Valve Society reported a surplus of $5K, with revenue exceeding expenses. The organization holds $97K in liabilities against $449K in assets (debt-to-asset ratio: 21.5%), resulting in net assets of $352K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $549K | $544K | $449K | $97K | — | — |
| 2022 | $715K | $542K | $380K | $33K | — | View 990 |
| 2021 | $143K | $207K | $193K | $63K | — | View 990 |
| 2020 | $377K | $400K | $195K | $575 | — | — |
| 2019 | $453K | $472K | $248K | $32K | — | View 990 |
| 2018 | $747K | $817K | $247K | $12K | — | View 990 |
| 2017 | $467K | $567K | $324K | $18K | — | View 990 |
| 2016 | $755K | $580K | $472K | $66K | — | View 990 |
| 2015 | $641K | $585K | $302K | $72K | — | View 990 |
| 2014 | $502K | $477K | $175K | $0 | — | View 990 |
| 2013 | $146K | $186K | $161K | $16K | — | View 990 |
| 2012 | $677K | $591K | $196K | $12K | — | View 990 |
| 2011 | $122K | $146K | $289K | $25K | — | View 990 |
| 2010 | $575K | $455K | $131K | $8K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $549K, expenses of $544K, and assets of $449K (revenue -23.3% year-over-year).
- 2022: Revenue of $715K, expenses of $542K, and assets of $380K (revenue +399.8% year-over-year).
- 2021: Revenue of $143K, expenses of $207K, and assets of $193K (revenue -62.0% year-over-year).
- 2020: Revenue of $377K, expenses of $400K, and assets of $195K (revenue -16.7% year-over-year).
- 2019: Revenue of $453K, expenses of $472K, and assets of $248K (revenue -39.4% year-over-year).
- 2018: Revenue of $747K, expenses of $817K, and assets of $247K (revenue +59.8% year-over-year).
- 2017: Revenue of $467K, expenses of $567K, and assets of $324K (revenue -38.1% year-over-year).
- 2016: Revenue of $755K, expenses of $580K, and assets of $472K (revenue +17.8% year-over-year).
- 2015: Revenue of $641K, expenses of $585K, and assets of $302K (revenue +27.8% year-over-year).
- 2014: Revenue of $502K, expenses of $477K, and assets of $175K (revenue +243.1% year-over-year).
- 2013: Revenue of $146K, expenses of $186K, and assets of $161K (revenue -78.4% year-over-year).
- 2012: Revenue of $677K, expenses of $591K, and assets of $196K (revenue +454.5% year-over-year).
- 2011: Revenue of $122K, expenses of $146K, and assets of $289K (revenue -78.8% year-over-year).
- 2010: Revenue of $575K, expenses of $455K, and assets of $131K.
Data Sources and Methodology
This transparency report for Heart Valve Society 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.