Heartreach Michiana Inc
Nonprofit profile at a glance
- EIN
- 202527524
- IRS 990-EZ coverage
- 2009–2015
- Forms available
- Form 990-EZ 2015
- Location
- Elkhart, IN, USA
- Phone
- 5742966500
- Rating
- 91
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Heart and Circulatory System Diseases, Disorders
- Affiliation
- Christianity
Reported finances
- Revenue
- $9,952
- Expenses
- $67,159
- Assets
- $0
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2015. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- WALTER HALLORAN MD (PRESIDENT)
People named in this filing
- WALTER HALLORAN MD (PRESIDENT)
- KAREN WELDY (MANAGER)
- CAREY DRURY (BOARD MEMBER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2015. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To serve those affected by heart disease in the michiana area by providing direct assistance to local schools, churches, and non-profit organizations and public venues.
What it reported doing in 2015
This year we were able to purchase 67 automatic electronic defibrillators (aeds) and place them into the community. These are life-saving pieces of equipment.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 98
- Transparency & Controls: 100
- Sustainability: 3
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 95%; rating input score 95
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: -574.8%; rating input score 2; 2nd percentile among comparable filings
- Total-asset coverage ratio: 0; rating input score 1; 1st percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 2.8%; rating input score 13; 13th percentile among comparable filings
Growth
- Program expense growth: 4.3% per year; rating input score 100; 61st percentile among comparable filings
- Revenue growth: -4.5% per year; rating input score 0; 40th percentile among comparable filings
- Asset growth: -8.6% per year; rating input score 0; 24th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 95% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $64K in reported program spending
- Leadership: top reported pay $0 · 4 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 4 filed schedules
- Filing history: 6 filing years from 2009 to 2015
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- 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 — Sustainability: Operating margin scored 2/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 1/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Officer compensation ratio scored 13/100.