Heart Care International Inc

Healing Children's Hearts Around the World

Greenwich, CT | http://www.heartcareintl.org

GuideStar Charity Check

EIN: 06-1503838

Contributions tax deductible
as of September 2024

IRS BMF 509(a)(1)
as of September 09, 2024

View summary

Charity Check report

Mission

Heart Care International (HCI) believes that every child deserves access to high caliber heart care. HCI partners with hospitals in Latin America, treating indigent children born with congenital heart defects AND training the local medical teams to develop self-sustaining heart care programs.

Ruling year info

1998

Executive Director

Margaret Feldmeth

Main address

139 E Putnam Ave

Greenwich, CT 06830 USA

Show more contact info

EIN

06-1503838

Subject area info

Specialty hospital care

Surgery

Population served info

Children and youth

NTEE code info

Hospital (Specialty) (E24)

Surgery (G9B)

IRS subsection

501(c)(3) Public Charity

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Tax forms

Show Forms 990

Communication

Programs and results

What we aim to solve

This profile needs more info.

If it is your nonprofit, add a problem overview.

Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Medical mission work

Heart Care International (HCI) travels to Latin American countries partnering with host hospitals to treat indigent children born with congenital heart defects. HCI also trains local medical professionals in order to create self-sustaining heart care programs.

Population(s) Served

Children and youth

Where we work

Financials

Heart Care International Inc

Fiscal year: Jan 01 - Dec 31

Financial documents

Yes, financials were audited by an independent accountant.

Revenue vs. expenses: breakdown

SOURCE: IRS Form 990

NET GAIN/LOSS: in

Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2022

SOURCE: IRS Form 990

650.61

Average of 414.22 over 10 years

Months of cash in 2022

SOURCE: IRS Form 990

64.2

Average of 61.2 over 10 years

Fringe rate in 2022

SOURCE: IRS Form 990

8%

Average of 8% over 10 years

Funding sources

Source: IRS Form 990

Assets & liabilities

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

Digitizing IRS form 990 data

Heart Care International Inc

Revenue & expenses

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

Fiscal year ending: Download Data

Revenue
Contributions	$308,660
Program Services	$0
Investments	$38,245
Special Events	$0
Sales	$0
Other	$0
Total Revenue	$346,905

Expenses
Grants	$0
Salaries & Employee Benefits	$87,802
Professional Fees	$0
Occupancy	$3,661
Printing, Publications, Postage, etc.	$929
Other Expenses	$184,842
Total Expenses	$277,234
Net Gain/Loss	$69,671

Revenue
Contributions	$381,890
Government Grants	$0
Program Services	$0
Investments	$24,600
Special Events	$0
Sales	$0
Other	$0
Total Revenue	$406,490

Expenses
Program Services	$219,385
Administration	$43,560
Fundraising	$0
Total Expenses	$262,945
Net Gain/Loss	$143,545

Functional expenses
Accounting Fees	$5,258
Advertising & Promotion	$0
Information Technology Expenses	$502
Insurance Expenses	$4,140
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$308,261
Government Grants	$0
Program Services	$0
Investments	$32,497
Special Events	$0
Sales	$0
Other	$0
Total Revenue	$340,758

Expenses
Program Services	$81,953
Administration	$40,919
Fundraising	$4,100
Total Expenses	$126,972
Net Gain/Loss	$213,786

Functional expenses
Accounting Fees	$5,653
Advertising & Promotion	$0
Information Technology Expenses	$771
Insurance Expenses	$4,471
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$280,505
Government Grants	$0
Program Services	$0
Investments	$38,506
Special Events	$0
Sales	$0
Other	$0
Total Revenue	$319,011

Expenses
Program Services	$267,016
Administration	$47,398
Fundraising	$1,205
Total Expenses	$315,619
Net Gain/Loss	$3,392

Functional expenses
Accounting Fees	$5,403
Advertising & Promotion	$0
Information Technology Expenses	$75
Insurance Expenses	$4,332
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$256,563
Government Grants	$0
Program Services	$0
Investments	$90,284
Special Events	$0
Sales	$0
Other	$0
Total Revenue	$346,847

Expenses
Program Services	$296,204
Administration	$71,003
Fundraising	$0
Total Expenses	$367,207
Net Gain/Loss	($20,360)

Functional expenses
Accounting Fees	$5,686
Advertising & Promotion	$0
Information Technology Expenses	$18,998
Insurance Expenses	$4,272
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$531,035
Government Grants	$0
Program Services	$0
Investments	$25,753
Special Events	$0
Sales	$0
Other	$0
Total Revenue	$556,788

Expenses
Program Services	$347,687
Administration	$89,488
Fundraising	$0
Total Expenses	$437,175
Net Gain/Loss	$119,613

Functional expenses
Accounting Fees	$7,646
Advertising & Promotion	$0
Information Technology Expenses	$9,309
Insurance Expenses	$4,537
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$515,765
Government Grants	$0
Program Services	$0
Investments	$27,151
Special Events	$0
Sales	$0
Other	$0
Total Revenue	$542,916

Expenses
Program Services	$447,370
Administration	$136,458
Fundraising	$0
Total Expenses	$583,828
Net Gain/Loss	($40,912)

Functional expenses
Accounting Fees	$6,032
Advertising & Promotion	$32,725
Information Technology Expenses	$322
Insurance Expenses	$4,791
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$471,546
Government Grants	$0
Program Services	$0
Investments	$35,431
Special Events	$0
Sales	$0
Other	$0
Total Revenue	$506,977

Expenses
Program Services	$292,224
Administration	$155,350
Fundraising	$0
Total Expenses	$447,574
Net Gain/Loss	$59,403

Functional expenses
Accounting Fees	$6,309
Advertising & Promotion	$10,639
Information Technology Expenses	$699
Insurance Expenses	$5,165
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$636,117
Government Grants	$0
Program Services	$0
Investments	$28,784
Special Events	$0
Sales	$0
Other	$0
Total Revenue	$664,901

Expenses
Program Services	$472,104
Administration	$65,457
Fundraising	$0
Total Expenses	$537,561
Net Gain/Loss	$127,340

Functional expenses
Accounting Fees	$6,569
Advertising & Promotion	$1,487
Information Technology Expenses	$1,950
Insurance Expenses	$3,959
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$560,041
Government Grants	$0
Program Services	$0
Investments	$33,850
Special Events	$0
Sales	$0
Other	$0
Total Revenue	$593,891

Expenses
Program Services	$379,185
Administration	$82,504
Fundraising	$0
Total Expenses	$461,689
Net Gain/Loss	$132,202

Functional expenses
Accounting Fees	$6,803
Advertising & Promotion	$2,821
Information Technology Expenses	$1,820
Insurance Expenses	$4,459
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$421,774
Government Grants	$0
Program Services	$0
Investments	$26,170
Special Events	$0
Sales	$0
Other	$0
Total Revenue	$447,944

Expenses
Program Services	$413,722
Administration	$144,048
Fundraising	$0
Total Expenses	$557,770
Net Gain/Loss	($109,826)

Functional expenses
Accounting Fees	$6,991
Advertising & Promotion	$798
Information Technology Expenses	$1,891
Insurance Expenses	$4,158
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$2,302,808
Government Grants	$0
Program Services	$0
Investments	$32,497
Special Events	$0
Sales	$0
Other	$0
Total Revenue	$2,335,305

Expenses
Program Services	$422,546
Administration	$190,654
Fundraising	$0
Total Expenses	$613,200
Net Gain/Loss	$1,722,105

Functional expenses
Accounting Fees	$7,161
Advertising & Promotion	$1,561
Information Technology Expenses	$1,862
Insurance Expenses	$4,114
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$226,608
Government Grants	$0
Program Services	$0
Investments	$20,922
Special Events	$0
Sales	$0
Other	$0
Total Revenue	$247,530

Expenses
Program Services	$85,680
Administration	$138,822
Fundraising	$0
Total Expenses	$224,502
Net Gain/Loss	$23,028

Functional expenses
Accounting Fees	$7,628
Advertising & Promotion	$3,040
Information Technology Expenses	$4,858
Insurance Expenses	$4,560
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$291,792
Government Grants	$32,969
Program Services	$0
Investments	$23,743
Special Events	$0
Sales	$0
Other	$0
Total Revenue	$348,504

Expenses
Program Services	$171,401
Administration	$114,116
Fundraising	$0
Total Expenses	$285,517
Net Gain/Loss	$62,987

Functional expenses
Accounting Fees	$9,122
Advertising & Promotion	$1,273
Information Technology Expenses	$2,688
Insurance Expenses	$6,905
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$421,431
Government Grants	$0
Program Services	$0
Investments	$40,994
Special Events	$0
Sales	$0
Other	$0
Total Revenue	$462,425

Expenses
Program Services	$498,832
Administration	$118,968
Fundraising	$0
Total Expenses	$617,800
Net Gain/Loss	($155,375)

Functional expenses
Accounting Fees	$9,884
Advertising & Promotion	$2,497
Information Technology Expenses	$1,038
Insurance Expenses	$7,076
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Heart Care International Inc

Balance sheet

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: Download Data

Assets	Jan 01, 2008	Dec 31, 2008	Change
Contributions	$308,660
Cash & Equivalents	$885,719	$890,969	$5,250
Fixed Assets (LBE - Depreciation)	$0	$0	$0
Other	$1,563	$19,466	$17,903
Total Assets	$887,282	$910,435	$23,153

Liabilities	Jan 01, 2008	Dec 31, 2008	Change
Total Liabilities	$3,882	$6,234	$2,352

Fund balance	Jan 01, 2008	Dec 31, 2008	Change
Net Assets	$883,400	$904,201	$20,801

Assets	Jan 01, 2009	Dec 31, 2009	Change
Contributions	$381,890
Cash & Equivalents	$890,969	$1,089,225	$198,256
Accounts Receivable	$0	$0	$0
Pledges & Grants Receivable	$0	$0	$0
Receivable, Other	$0	$0	$0
Inventories for Sale or Use	$0	$0	$0
Investment, Securities	$0	$0	$0
Investment, Other	$0	$0	$0
Fixed Assets (LBE - Depreciation)	$18,297	$10,978	($7,319)
Other	$1,169	$2,407	$1,238
Total Assets	$910,435	$1,102,610	$192,175

Liabilities	Jan 01, 2009	Dec 31, 2009	Change
Accounts Payable	$0	$0	$0
Grants Payable	$0	$0	$0
Deferred Revenue	$0	$0	$0
Loans and Notes	$0	$0	$0
Tax-Exempt Bond Liabilities	$0	$0	$0
Other	$6,234	$7,698	$1,464
Total Liabilities	$6,234	$7,698	$1,464

Fund balance	Jan 01, 2009	Dec 31, 2009	Change
Temporarily Restricted Net Assets	$174,162	$170,926	-$3,236
Permanently Restricted Net Assets	$0	$0	$0
Total Restricted Net Assets	$174,162	$170,926	($3,236)
Unrestricted Net Assets	$730,039	$923,986	$193,947
Net Assets	$904,201	$1,094,912	$190,711

Heart Care International Inc

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

This snapshot of Heart Care International Inc’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

Created in partnership with

Fiscal year: Jan 01 - Dec 31 View full report Download data

Business model indicators

Profitability	2018	2019	2020	2021	2022
Unrestricted surplus (deficit) before depreciation	-$182,078	-$60,418	$268,786	$421,034	-$538,553
As % of expenses	-32.7%	-9.9%	120.8%	148.5%	-87.3%
Unrestricted surplus (deficit) after depreciation	-$182,299	-$61,365	$266,850	$419,098	-$539,783
As % of expenses	-32.7%	-10.0%	118.9%	146.8%	-87.4%

Revenue composition
Total revenue (unrestricted & restricted)	$447,944	$2,335,305	$247,530	$348,504	$462,425
Total revenue, % change over prior year	-24.6%	421.3%	-89.4%	40.8%	32.7%
Program services revenue	0.0%	0.0%	0.0%	0.0%	0.0%
Membership dues	0.0%	0.0%	0.0%	0.0%	0.0%
Investment income	5.8%	1.4%	8.5%	7.5%	8.9%
Government grants	0.0%	0.0%	0.0%	9.5%	0.0%
All other grants and contributions	94.2%	98.6%	91.5%	83.7%	91.1%
Other revenue	0.0%	0.0%	0.0%	-0.7%	0.0%

Expense composition
Total expenses before depreciation	$557,549	$612,253	$222,566	$283,581	$616,570
Total expenses, % change over prior year	20.8%	9.8%	-63.6%	27.4%	117.4%
Personnel	21.7%	22.4%	61.4%	48.1%	22.1%
Professional fees	1.3%	1.2%	3.4%	3.2%	1.6%
Occupancy	2.4%	2.2%	5.9%	3.9%	2.2%
Interest	0.0%	0.0%	0.0%	0.0%	0.0%
Pass-through	0.0%	0.0%	0.0%	0.0%	0.0%
All other expenses	74.7%	74.3%	29.2%	44.7%	74.1%

Full cost components (estimated)	2018	2019	2020	2021	2022
Total expenses (after depreciation)	$557,770	$613,200	$224,502	$285,517	$617,800
One month of savings	$46,462	$51,021	$18,547	$23,632	$51,381
Debt principal payment	$0	$0	$0	$0	$0
Fixed asset additions	$1,205	$5,085	$0	$0	$0
Total full costs (estimated)	$605,437	$669,306	$243,049	$309,149	$669,181

Capital structure indicators

Liquidity	2018	2019	2020	2021	2022
Months of cash	34.0	36.7	146.6	148.3	64.2
Months of cash and investments	34.0	36.7	146.6	148.3	64.2
Months of estimated liquid unrestricted net assets	30.1	26.1	86.4	85.6	28.9

Balance sheet composition	2018	2019	2020	2021	2022
Cash	$1,577,434	$1,872,792	$2,718,788	$3,503,797	$3,297,273
Investments	$0	$0	$0	$0	$0
Receivables	$0	$0	$0	$0	$0
Gross land, buildings, equipment (LBE)	$139,751	$144,836	$144,836	$144,836	$144,836
Accumulated depreciation (as a % of LBE)	99.3%	96.5%	97.8%	99.1%	100.0%
Liabilities (as a % of assets)	1.3%	0.2%	0.9%	0.0%	0.1%
Unrestricted net assets	$1,399,753	$1,338,388	$1,605,238	$2,024,336	$1,484,553
Temporarily restricted net assets	$162,537	N/A	N/A	N/A	N/A
Permanently restricted net assets	$0	N/A	N/A	N/A	N/A
Total restricted net assets	$162,537	$1,991,452	$2,080,247	$2,114,872	$2,111,062
Total net assets	$1,562,290	$3,329,840	$3,685,485	$4,139,208	$3,595,615

Key data checks

Key data checks	2018	2019	2020	2021	2022
Material data errors	No	No	No	No	No

Operations

The people, governance practices, and partners that make the organization tick.

Documents

Letter of Determination

Form 1023/1024 is not available for this organization

Executive Director

Margaret Feldmeth

Margaret Feldmeth was appointed Executive Director of Heart Care International in September 2017. She received a Bachelor of Arts in Psychology and a Masters in Social Work (Administration and Planning focus), both from the University of Texas at Austin. Margaret’s professional work experience includes social services and trauma counseling in several hospital emergency departments, and mission trip work in Mexico, Guatemala, and underserved areas in the United States. Margaret serves as a Warden on the leadership board at St. Paul’s Episcopal Church where, among other responsibilities, she heads the ‘Faith in Action’ team for community outreach endeavors. She also sits on the Board of the St. Paul’s Day School and the Board of RAMP America, a non-profit organization whose mission is to improve the well-being of impoverished children and families in rural Appalachia (Martin County, Kentucky).

Number of employees

Source: IRS Form 990

Heart Care International Inc

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation

Other

Show data for fiscal year

Compensation data

Download up to 5 most recent years of officer and director compensation data for this organization

There are no highest paid employees recorded for this organization.

Heart Care International Inc

Board of directors
as of 08/14/2024

SOURCE: Self-reported by organization

Board of directors data

Download the most recent year of board of directors data for this organization

Board chair

Dr. Robert Michler

Paul Ghaffari

Peter Richardson

Howard Ward

Susan Poland

Caroline Merin

Christopher Combe

Heart Care International Inc

Healing Children's Hearts Around the World

Mission

Is this your nonprofit?

Programs and results

What we aim to solve

This profile needs more info.

Our programs

Medical mission work

Where we work

Financials

Financial documents

Revenue vs. expenses: breakdown

Liquidity in 2022 info

650.61

Months of cash in 2022 info

64.2

Fringe rate in 2022 info

8%

Funding sources info

Assets & liabilities info

Financial data

Digitizing IRS form 990 data

Heart Care International Inc

Heart Care International Inc

Heart Care International Inc

Business model indicators

Capital structure indicators

Key data checks

Operations

Documents

Executive Director

Margaret Feldmeth

Number of employees

Heart Care International Inc

Compensation data

Heart Care International Inc

Board of directors data

Dr. Robert Michler

Liquidity in 2022

Months of cash in 2022

Fringe rate in 2022

Funding sources

Assets & liabilities