PLATINUM2023

MENDED HEARTS INC Parent

Albany, GA   |  www.mendedhearts.org
GuideStar Charity Check

MENDED HEARTS INC

EIN: 04-6073589


Mission

Mended Hearts and Mended Little Hearts Mission Statement: To inspire hope and improve the quality of life of heart patients and their families through ongoing peer-to-peer support, education and advocacy. Mended Hearts is the largest heart patient support network in the world, making more than 200,000 patient visits annually through its 300 chapters, all over the United States. Mended Hearts works nationally and in communities to support and inspire hope in heart disease patients, their families and caregivers. Mended Hearts is a non-profit and volunteer-based organization, celebrating over 68 years of service by facilitating a positive patient-care experience and empowering patients to improve their quality of life.

Ruling year info

1986

Director

Al Voss

Main address

1500 Dawson Rd Merry Acres Executive Center

Albany, GA 31707 USA

Show more contact info

EIN

04-6073589

Subject area info

Heart and circulatory system diseases

Population served info

Children and youth

Adults

NTEE code info

Heart and Circulatory System (G43)

What we aim to solve

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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?

Mended Hearts Person to Person Visiting and Support Programs

Recognized for its role in facilitating a positive patient-care experience, Mended Hearts partners with hospitals and cardiac rehabilitation clinics offering heart patient support through visiting programs, support group meetings and educational programs.

Population(s) Served
Adults

Mended Little Hearts is a program of the Mended Hearts Inc., a non-profit, volunteer-based organization providing hope, help and healing to heart patients and their families since 1951.

The Mended Little Hearts program works nationally and in communities to support children with congenital heart defects and their families.

Population(s) Served
Children and youth

Where we work

Our results

SOURCE: Self-reported by organization

How does this organization measure their results? It's a hard question but an important one.

Total number of new organization members

This metric is no longer tracked.
Totals By Year
Related Program

Mended Hearts Person to Person Visiting and Support Programs

Type of Metric

Other - describing something else

Direction of Success

Increasing

Our Sustainable Development Goals

SOURCE: Self-reported by organization

Learn more about Sustainable Development Goals.

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

MHI’s Strategic Goals 2023-2027

Goal 1: Expand Our Reach
Goal 2: Build Holistic Educational Programs
Goal 3: Build Awareness
Goal 4: Recruit, Educate, and Empower Advocates
Goal 5: Foster Fundraising
Goal 6: Increase Diversity

How we listen

SOURCE: Self-reported by organization

Seeking feedback from people served makes programs more responsive and effective. Here’s how this organization is listening.

done We demonstrated a willingness to learn more by reviewing resources about feedback practice.
done We shared information about our current feedback practices.
  • How is your organization using feedback from the people you serve?

    To identify and remedy poor client service experiences, To identify bright spots and enhance positive service experiences, To make fundamental changes to our programs and/or operations, To inform the development of new programs/projects, To identify where we are less inclusive or equitable across demographic groups, To strengthen relationships with the people we serve, To understand people's needs and how we can help them achieve their goals

  • Which of the following feedback practices does your organization routinely carry out?

    We collect feedback from the people we serve at least annually, We take steps to get feedback from marginalized or under-represented people, We aim to collect feedback from as many people we serve as possible, We take steps to ensure people feel comfortable being honest with us, We look for patterns in feedback based on demographics (e.g., race, age, gender, etc.), We look for patterns in feedback based on people’s interactions with us (e.g., site, frequency of service, etc.), We engage the people who provide feedback in looking for ways we can improve in response, We act on the feedback we receive, We tell the people who gave us feedback how we acted on their feedback

  • What challenges does the organization face when collecting feedback?

    It is difficult to get the people we serve to respond to requests for feedback, The people we serve tell us they find data collection burdensome, It is difficult to find the ongoing funding to support feedback collection

Financials

MENDED HEARTS INC
Fiscal year: Jan 01 - Dec 31
Financial documents
2021 The Mended Hearts, Inc 2019 The Mended Hearts, Inc. 2014 2013 2012
done  Yes, financials were audited by an independent accountant. info

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
NET GAIN/LOSS:    in 
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2022 info

SOURCE: IRS Form 990

1.61

Average of 4.21 over 10 years

Months of cash in 2022 info

SOURCE: IRS Form 990

4.2

Average of 5.3 over 10 years

Fringe rate in 2022 info

SOURCE: IRS Form 990

36%

Average of 34% over 10 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

MENDED HEARTS INC

Revenue & expenses

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

MENDED HEARTS 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: cloud_download Download Data

MENDED HEARTS INC

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

This snapshot of MENDED HEARTS 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

Business model indicators

Profitability info 2018 2019 2020 2021 2022
Unrestricted surplus (deficit) before depreciation -$142,808 $564,395 $502,162 $463,406 -$643,109
As % of expenses -9.1% 36.8% 30.7% 28.6% -24.2%
Unrestricted surplus (deficit) after depreciation -$190,890 $564,395 $491,531 $438,158 -$681,948
As % of expenses -11.7% 36.8% 29.9% 26.6% -25.2%
Revenue composition info
Total revenue (unrestricted & restricted) $1,249,057 $2,212,226 $2,177,395 $2,082,676 $2,019,741
Total revenue, % change over prior year -41.8% 77.1% -1.6% -4.4% -3.0%
Program services revenue 4.2% 0.4% 2.3% 2.0% 1.0%
Membership dues 9.0% 19.3% 0.0% 0.0% 0.0%
Investment income 0.1% 0.1% 0.3% 0.3% -0.2%
Government grants 0.0% 0.0% 0.0% 0.0% 0.0%
All other grants and contributions 81.4% 78.3% 95.5% 91.1% 99.0%
Other revenue 5.3% 1.9% 1.8% 6.7% 0.2%
Expense composition info
Total expenses before depreciation $1,577,836 $1,535,456 $1,633,232 $1,619,270 $2,662,850
Total expenses, % change over prior year -13.9% -2.7% 6.4% -0.9% 64.4%
Personnel 34.8% 36.0% 32.9% 32.0% 25.7%
Professional fees 6.9% 8.9% 12.6% 16.4% 26.4%
Occupancy 4.9% 8.9% 4.7% 6.2% 8.6%
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 53.3% 46.2% 49.8% 45.4% 39.3%
Full cost components (estimated) info 2018 2019 2020 2021 2022
Total expenses (after depreciation) $1,625,918 $1,535,456 $1,643,863 $1,644,518 $2,701,689
One month of savings $131,486 $127,955 $136,103 $134,939 $221,904
Debt principal payment $0 $0 $0 $111,215 $0
Fixed asset additions $0 $17,347 $115,751 $56,847 $70,149
Total full costs (estimated) $1,757,404 $1,680,758 $1,895,717 $1,947,519 $2,993,742

Capital structure indicators

Liquidity info 2018 2019 2020 2021 2022
Months of cash 2.2 2.0 5.6 11.4 4.2
Months of cash and investments 2.2 2.0 5.9 11.7 4.4
Months of estimated liquid unrestricted net assets 1.9 6.2 8.7 11.8 3.9
Balance sheet composition info 2018 2019 2020 2021 2022
Cash $291,898 $256,003 $757,286 $1,537,351 $928,493
Investments $0 $0 $42,071 $47,414 $42,370
Receivables $201,471 $550,022 $459,213 $173,823 $431,883
Gross land, buildings, equipment (LBE) $17,663 $30,342 $146,093 $202,940 $273,090
Accumulated depreciation (as a % of LBE) 50.2% 13.8% 10.1% 19.7% 28.9%
Liabilities (as a % of assets) 60.2% 8.0% 14.0% 13.9% 35.4%
Unrestricted net assets $257,929 $822,324 $1,313,855 $1,752,013 $1,070,065
Temporarily restricted net assets $0 N/A N/A N/A N/A
Permanently restricted net assets $29,000 N/A N/A N/A N/A
Total restricted net assets $29,000 $29,000 $29,000 $0 $29,000
Total net assets $286,929 $851,324 $1,342,855 $1,781,013 $1,099,065

Key data checks

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

Operations

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

Documents
Form 1023/1024 is not available for this organization

Director

4 years experience as non-profit Director.

Number of employees

Source: IRS Form 990

MENDED HEARTS INC

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation
Other
Related
Show data for fiscal year
Compensation data
Download up to 5 most recent years of officer and director compensation data for this organization

MENDED HEARTS INC

Highest paid employees

SOURCE: IRS Form 990

Compensation
Other
Related
Show data for fiscal year
Compensation data
Download up to 5 most recent years of highest paid employee data for this organization

MENDED HEARTS INC

Board of directors
as of 02/19/2023
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board chair

Ron Manriquez

The Mended Hearts, Inc

Term: 2021 - 2023

Ronald Manriquez

Al Voss

Robert Hoffman

Marvin Keyser

Amanda Stewart

Maryann Mayhood

Mike Weber

Candida Schendel

Nicole Sanchez

Denise Widzgowski

Catherine Lobien

Robert Brai

Lea Parker

Ray Trapp

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • Board orientation and education
    Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Yes
  • CEO oversight
    Has the board conducted a formal, written assessment of the chief executive within the past year ? Yes
  • Ethics and transparency
    Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes
  • Board composition
    Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes
  • Board performance
    Has the board conducted a formal, written self-assessment of its performance within the past three years? Yes

Organizational demographics

SOURCE: Self-reported; last updated 2/19/2023

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

The organization's leader identifies as:

Race & ethnicity
White/Caucasian/European
Gender identity
Male

Race & ethnicity

Gender identity

Transgender Identity

Sexual orientation

No data

Disability

No data

Equity strategies

Last updated: 02/01/2021

GuideStar partnered with Equity in the Center - an organization that works to shift mindsets, practices, and systems to increase racial equity - to create this section. Learn more

Data
  • We review compensation data across the organization (and by staff levels) to identify disparities by race.
  • We ask team members to identify racial disparities in their programs and / or portfolios.
  • We analyze disaggregated data and root causes of race disparities that impact the organization's programs, portfolios, and the populations served.
  • We disaggregate data to adjust programming goals to keep pace with changing needs of the communities we support.
  • We employ non-traditional ways of gathering feedback on programs and trainings, which may include interviews, roundtables, and external reviews with/by community stakeholders.
  • We disaggregate data by demographics, including race, in every policy and program measured.
  • We have long-term strategic plans and measurable goals for creating a culture such that one’s race identity has no influence on how they fare within the organization.
Policies and processes
  • We use a vetting process to identify vendors and partners that share our commitment to race equity.
  • We have a promotion process that anticipates and mitigates implicit and explicit biases about people of color serving in leadership positions.
  • We seek individuals from various race backgrounds for board and executive director/CEO positions within our organization.
  • We have community representation at the board level, either on the board itself or through a community advisory board.
  • We help senior leadership understand how to be inclusive leaders with learning approaches that emphasize reflection, iteration, and adaptability.
  • We measure and then disaggregate job satisfaction and retention data by race, function, level, and/or team.
  • We engage everyone, from the board to staff levels of the organization, in race equity work and ensure that individuals understand their roles in creating culture such that one’s race identity has no influence on how they fare within the organization.
There are no contractors recorded for this organization.

Professional fundraisers

Fiscal year ending

SOURCE: IRS Form 990 Schedule G

Solicitation activities
Gross receipts from fundraising
Retained by organization
Paid to fundraiser