Miami Heart Research Institute Inc
Nonprofit profile at a glance
- EIN
- 590674260
- IRS 990 coverage
- 2014–2025
- Forms available
- Form 990 2025
- Location
- Miami, FL, USA
- Phone
- 3056743020
- Rating
- 85
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Public Foundations
Reported finances
- Revenue
- $2,974,565
- Expenses
- $2,545,709
- Assets
- $79,333,708
- Liabilities
- $684,578
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
10 people listed
Executive titles in this filing
- NANCY R CAVALIE (EXECUTIVE DIRECTOR)
Highest reported compensation
- NANCY R CAVALIE (EXECUTIVE DIRECTOR): $286,111 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Miami heart research institute, inc. Is an independent, not-for-profit 501(c)(3) organization with the mission to perform the functions of, or to carry out the purposes of, Florida heart research foundation, inc. By fundraising and funding cardiovascular research, education and prevention programs.
What it reported doing in 2025
In support of the Florida heart research foundation, inc., we remain committed to advancing cardiovascular research. We are well-positioned for a long and productive future in this critical field and take great pride in funding research that is both meritorious and scientifically valid.to achieve our mission, we must continue to expand our research capabilities and educational initiatives through collaboration with institutions of excellence. As part of this commitment, we require that all funded projects publish their findings in leading peer-reviewed journals and present their results at national and international conferences and seminars. Our ultimate goal is to support research that leads to significant breakthroughs - innovations that improve the diagnosis, treatment, and prevention of cardiovascular disease. Additionally, we require 6-month progress reports, including detailed budgets outlining how funds have been utilized.
Operating model
- Revenue model
- Investment-supported. 97% of the money available for current operations came from recurring investment income.
- Distribution model
- Grant intermediary. The nonprofit sent 81% 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. Reported officer compensation is a large share of total spending, which may reflect staffing concentration.
Rating breakdown
- Financial Efficiency: 78
- Transparency & Controls: 84
- Accountability: 100
- Sustainability: 72
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 94.4%; rating input score 94
- Program expense ratio: 76%; rating input score 76
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 2 of 6 controls in place; rating input score 33
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Pass
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 50th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 8 of 8 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 14.4%; rating input score 65; 65th percentile among comparable filings
- Total-asset coverage ratio: 31.16; rating input score 98; 98th percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 79; 79th percentile among comparable filings
- Officer compensation ratio: 11.2%; rating input score 30; 30th percentile among comparable filings
Growth
- Program expense growth: 9.7% per year; rating input score 100; 59th percentile among comparable filings
- Revenue growth: 6.9% per year; rating input score 100; 51st percentile among comparable filings
- Asset growth: 3.8% per year; rating input score 100; 26th percentile among comparable filings
Details
- Where the money goes: 94.4% of revenue deployed · 76% of spending went to programs
- Governance: 8 of 8 board members independent · 8 of 8 filing controls reported
- Programs: 2 filed program accomplishments · $1.9M in reported program spending
- Leadership: top reported pay $286K · 10 people listed · 2 of 6 pay-setting controls reported
- Highest-paid contractors: 2 contractors listed · $254K reported
- Consistency: 32 of 32 current checks pass
- Schedules: 7 filed schedules · includes major donors, grants, executive pay, and related organizations
- Filing history: 12 filing years from 2014 to 2025
- Contacts: How to reach this organization
- Money network: 7 filed money-flow records
- Related organizations: 7 filed related-organization links
- 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Sustainability: Officer compensation ratio scored 30/100.