Heart Attack Ethiopia Inc

Nonprofit profile at a glance

EIN
932710181
IRS 990 coverage
2024–2024
Forms available
Form 990 2024, Form 990-EZ 2023
Location
Peachtree City, GA, USA
Phone
4047933389
Rating
70
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Hospital, Specialty

Official website

Reported finances

Revenue
$1,911,929
Expenses
$1,798,231
Assets
$128,938
Liabilities
$12,620

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

12 people listed

Executive titles in this filing

  • Obsinet Merid (President and CEO)
  • Taressa Wills (Vice President)

People named in this filing

  • Tesfaye Telila (Founder)
  • Obsinet Merid (President and CEO)
  • Taressa Wills (Vice President)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Heart Attack Ethiopia Inc. ("HAE") is a nonprofit organization founded by two Ethiopian-American physicians that are dedicated to combating the alarming increase in the premature death rates resulting from heart attacks and strokes in Ethiopia and other African countries. With a mission to save lives and improve cardiovascular health, we are committed to making a lasting impact on the communities we serve. We aspire to inspire and catalyze positive changes focused on cardiovascular health and timely care delivery throughout Africa. We are paving the way for a healthier Ethiopia by saving one heart at a time and leaving no heart behind.

What it reported doing in 2024

Heart Attack Ethiopia (HAE) organizes biannual medical missions that bring together dedicated healthcare professionals to provide critical cardiovascular care to underprivileged patients in Ethiopia at no cost. Since its inception, HAE has successfully conducted two medical missions, during which our team performed an impressive 122 life-saving cardiac interventions. These interventions include essential procedures such as Percutaneous Coronary Interventions (PCIs), Coronary Artery Bypass Grafting (CABG), Permanent Pacemaker (PPM) implantations, and Cardiac Ablations, all aimed at improving the health and quality of life for those in need. In August 2024, Heart Attack Ethiopia Inc., together with the Children's Heart Fund of Ethiopia (CHFE), St Paul's Millennium Medical College / St Peter's Specialized Hospital, and Tikur Anbesa Specialized Hospital (TASH), completed its second lifesaving mission. The team carried out 90 advanced cardiovascular procedures, including open-heart surgeries, at a total cost of $1.5 million, a figure that reflects generous in-kind donations of medical supplies. Seventeen volunteer clinicians, including cardiac surgeons, anesthesiologists, and critical-care nurses, participated in the mission and were instrumental in its success.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 98% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and the filing reports few safeguards for money sent abroad.

Rating breakdown

  • Financial Efficiency: 85
  • Transparency & Controls: 77
  • Accountability: 41
  • Sustainability: 40
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 93.4%; rating input score 93
  • Program expense ratio: 99.4%; rating input score 99
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: 1 of 8 controls in place; rating input score 12
    • Claims monitoring procedures: Pass
    • Requires narrative reports: Fail
    • Conducts field audits: Fail
    • May suspend future funding: Fail
    • Requires financial reports: Fail
    • Conducts site visits: Fail
    • Requires grant agreements: Fail
    • May require repayment: Fail
  • Grant itemization coverage: 100%; rating input score 100; 76th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 60%; rating input score 60; 12th percentile among comparable filings
  • Governance controls: 1 of 7 controls in place; rating input score 14
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 5.9%; rating input score 52; 52nd percentile among comparable filings
  • Total-asset coverage ratio: 0.07; rating input score 4; 4th percentile among comparable filings
  • Liabilities to assets ratio: 0.1; rating input score 43; 43rd percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 199.8% per year; rating input score 100; 100th percentile among comparable filings
  • Asset growth: 197.4% per year; rating input score 100; 100th percentile among comparable filings

Details

  • Where the money goes: 93.4% of revenue deployed · 99.4% of spending went to programs
  • Governance: 3 of 5 board members independent · 1 of 7 filing controls reported
  • Programs: 3 filed program accomplishments · $1.8M in reported program spending
  • Leadership: top reported pay $0 · 12 people listed
  • Consistency: 16 of 16 current checks pass
  • Schedules: 5 filed schedules · includes major donors and foreign activity
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Accountability: Governance controls: 5 of 6 not reported.
  • High — Transparency & Controls: Foreign activity oversight: 7 of 8 not reported.
  • High — Sustainability: Total-asset coverage ratio scored 4/100.
  • Review — Sustainability: Operating margin scored 52/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 43/100.