Heartwork Institute Inc
Nonprofit profile at a glance
- EIN
- 222935993
- IRS 990-EZ coverage
- 2011–2020
- Forms available
- Form 990-EZ 2020
- Location
- Rochester, NY, USA
- Phone
- 5855448124
- Rating
- 45
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Heart and Circulatory System Diseases, Disorders
Reported finances
- Revenue
- $34,811
- Expenses
- $26,318
- Assets
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2020. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- DALE L GOLDSTEIN (PRESIDENT)
People named in this filing
- DALE L GOLDSTEIN (PRESIDENT)
- RICHARD WEHRMAN (VICE PRESIDE)
- KENNETH RICH (SECRETARY/TR)
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 2020. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To present to the public information relating to the process of attaining and maintaining a state of health.
What it reported doing in 2020
Sponsored and conducted meetings, lectures, and symposia for persons interested in the field of the healing arts
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 100% 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.
The verdict
MIXED - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 20
- Transparency & Controls: 82
- Sustainability: 36
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 18.4%; rating input score 18
- Program expense ratio: 24.4%; rating input score 24
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 24.4%; rating input score 73; 73rd percentile among comparable filings
- Total-asset coverage ratio: 0; rating input score 2; 2nd percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 30.7%; rating input score 7; 7th percentile among comparable filings
Growth
- Program expense growth: -4.3% per year; rating input score 0; 50th percentile among comparable filings
- Revenue growth: -3.3% per year; rating input score 0; 53rd percentile among comparable filings
- Asset growth: -17.2% per year; rating input score 0; 10th percentile among comparable filings
Details
- Where the money goes: 18.4% of revenue deployed · 24.4% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $6K in reported program spending
- Leadership: top reported pay $0 · 3 people listed
- Consistency: 5 of 5 current checks pass
- Schedules: 3 filed schedules
- Filing history: 10 filing years from 2011 to 2020
- 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 — Financial Efficiency: Mission deployment rate scored 18/100.
- High — Financial Efficiency: Program expense ratio scored 24/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 2/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Officer compensation ratio scored 7/100.