Heartbeat Of Miami Inc

Heartbeat Of Miami Inc shows consistent revenue growth and strong asset accumulation with no reported officer compensation.

EIN: 208155890 · Hialeah, FL · NTEE: E40 · Updated: 2026-03-28

$1.6MRevenue

$1.5MAssets

92/100Mission Score (Excellent)

E40

About Heartbeat Of Miami Inc

Heartbeat Of Miami Inc (EIN: 208155890) is a nonprofit organization based in Hialeah, FL, classified under NTEE code E40. The organization reported total revenue of $1.6M and total assets of $1.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Heartbeat Of Miami Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Heartbeat Of Miami Inc demonstrates strong financial health and growth over the past several years. Revenue has consistently increased, from $565,693 in 2014 to $1,434,961 in 2023, indicating growing support and operational capacity. The organization has also built up its assets significantly, from $135,576 in 2014 to $1,199,945 in 2023, suggesting sound financial management and reserves. Liabilities remain very low, which is a positive indicator of financial stability.

Spending efficiency appears robust, with program expenses consistently forming the vast majority of total expenditures. For instance, in 2023, total expenses were $1,095,174 against revenue of $1,434,961, showing a healthy surplus. The organization's commitment to its mission is further highlighted by its reported 0% officer compensation across all available filings, indicating that leadership is either volunteer-based or compensated through other means not categorized as officer compensation, which enhances public trust and directs more funds to programs. This also suggests a high degree of transparency regarding executive remuneration, or lack thereof.

Overall, Heartbeat Of Miami Inc exhibits characteristics of a well-managed and financially responsible nonprofit. Its consistent growth, low liabilities, and apparent dedication to program spending, coupled with no reported officer compensation, paint a picture of an organization focused on its mission and efficient use of donor funds. The steady increase in assets also provides a strong foundation for future operations and impact.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Heartbeat Of Miami Inc with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 7%
programs: 90%
fundraising: 3%

According to IRS 990 filings, Heartbeat Of Miami Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Heartbeat Of Miami Inc consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization with over $1.4 million in annual revenue. This suggests either a fully volunteer-led executive team or that executive compensation is categorized differently, warranting further inquiry for complete transparency.

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 Heartbeat Of Miami Inc's IRS 990 filings:

Unusually low (0%) reported officer compensation across all filings, which may obscure actual executive remuneration if categorized elsewhere.

Strengths

The following positive indicators were identified for Heartbeat Of Miami Inc:

Consistent and significant revenue growth, from $565,693 in 2014 to $1,434,961 in 2023.
Strong asset accumulation, growing from $135,576 in 2014 to $1,199,945 in 2023, indicating financial stability.
Very low liabilities across all periods, demonstrating sound financial management.
High proportion of spending dedicated to program services, reflecting mission focus.
Healthy surplus generation, with revenue consistently exceeding expenses (e.g., $1,434,961 revenue vs. $1,095,174 expenses in 2023).

Frequently Asked Questions about Heartbeat Of Miami Inc

How does Heartbeat Of Miami Inc manage to operate with 0% reported officer compensation?

The IRS 990 filings consistently show 0% officer compensation. This could mean the executive leadership is entirely volunteer-based, or their compensation is reported under different expense categories, which would require a deeper dive into their detailed financial statements to understand fully.

What is the primary driver of Heartbeat Of Miami Inc's significant revenue growth?

The filings indicate a consistent upward trend in revenue, from $565,693 in 2014 to $1,434,961 in 2023. While the 990 summary doesn't detail specific funding sources, this growth suggests successful fundraising efforts, increasing donor support, or expanding program services that attract more funding.

What specific programs does Heartbeat Of Miami Inc offer given its NTEE code E40 (Reproductive Health Care)?

The NTEE code E40 indicates a focus on Reproductive Health Care. While the 990 summary doesn't list specific programs, this category typically includes services like pregnancy support, counseling, and related health education.

Filing History

IRS 990 filing history for Heartbeat Of Miami Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Heartbeat Of Miami Inc's revenue has grown by 223.6%, moving from $443K to $1.4M. Total assets increased by 756.2% over the same period, from $140K to $1.2M. Total functional expenses rose by 115.3%, from $509K to $1.1M. In its most recent filing year (2023), Heartbeat Of Miami Inc reported a surplus of $340K, with revenue exceeding expenses. The organization holds $7K in liabilities against $1.2M in assets (debt-to-asset ratio: 0.6%), resulting in net assets of $1.2M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$1.4M	$1.1M	$1.2M	$7K	—	—
2022	$1.2M	$925K	$856K	$77	—	View 990
2021	$1.0M	$767K	$557K	$846	—	View 990
2020	$715K	$567K	$311K	$987	—	View 990
2019	$841K	$798K	$156K	$0	—	View 990
2018	$801K	$796K	$120K	$42	—	View 990
2017	$716K	$743K	$122K	$6K	—	View 990
2016	$728K	$700K	$158K	$1K	—	View 990
2015	$572K	$624K	$140K	$9K	—	View 990
2014	$566K	$509K	$136K	$2K	—	View 990
2013	$539K	$515K	$81K	$11K	—	View 990
2012	$415K	$502K	$50K	$4K	—	View 990
2011	$443K	$509K	$140K	$4K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $1.4M, expenses of $1.1M, and assets of $1.2M (revenue +17.1% year-over-year).
2022: Revenue of $1.2M, expenses of $925K, and assets of $856K (revenue +20.7% year-over-year).
2021: Revenue of $1.0M, expenses of $767K, and assets of $557K (revenue +42.0% year-over-year).
2020: Revenue of $715K, expenses of $567K, and assets of $311K (revenue -15.0% year-over-year).
2019: Revenue of $841K, expenses of $798K, and assets of $156K (revenue +4.9% year-over-year).
2018: Revenue of $801K, expenses of $796K, and assets of $120K (revenue +11.8% year-over-year).
2017: Revenue of $716K, expenses of $743K, and assets of $122K (revenue -1.6% year-over-year).
2016: Revenue of $728K, expenses of $700K, and assets of $158K (revenue +27.2% year-over-year).
2015: Revenue of $572K, expenses of $624K, and assets of $140K (revenue +1.1% year-over-year).
2014: Revenue of $566K, expenses of $509K, and assets of $136K (revenue +4.9% year-over-year).
2013: Revenue of $539K, expenses of $515K, and assets of $81K (revenue +30.0% year-over-year).
2012: Revenue of $415K, expenses of $502K, and assets of $50K (revenue -6.5% year-over-year).
2011: Revenue of $443K, expenses of $509K, and assets of $140K.

Data Sources and Methodology

This transparency report for Heartbeat Of Miami Inc 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.