Civic Intelligence

Arrhythmia Technologies Institute Inc

990 • Fiscal year 2021 • EIN 65-0032556

Sep 01, 2020 to Aug 31, 2021 • Filed on Feb 11, 2022

400 Executive Center Drive Ste 116Greenville, SC 29615

(864) 297-9232

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

21st percentile

0.00x

Higher debt load relative to assets than 21% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

21st percentile

0.00x

Higher debt load relative to revenue than 21% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

47th percentile

11%

Higher net margin than 47% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

94th percentile

$275,159

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 17.2% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

40th percentile

5.1%

Faster asset growth than 40% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

48th percentile

10%

Faster revenue growth than 48% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$3,367,790

Up $162,764 (+5.1%) from 2020

Net Assets

Up

$3,362,248

Up $171,948 (+5.4%) from 2020

Liabilities

Down

$5,542

Down $9,184 (-62%) from 2020

Revenue

Up

$1,599,272

Up $151,591 (+10%) from 2020

Expenses

Down

$1,427,324

Down $29,639 (-2.0%) from 2020

Net Income

Up

$171,948

Up $181,230 (+1952%) from 2020

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0Assets 2010: $1,597,976Liabilities 2010: $0Net Assets 2010: $1,597,9762010Assets 2011: $1,548,325Liabilities 2011: $0Net Assets 2011: $1,548,3252011Assets 2012: $1,491,721Liabilities 2012: $0Net Assets 2012: $1,491,7212012Assets 2013: $1,617,069Liabilities 2013: $0Net Assets 2013: $1,617,0692013Assets 2014: $1,733,209Liabilities 2014: $0Net Assets 2014: $1,733,2092014Assets 2015: $2,111,817Liabilities 2015: $5,350Net Assets 2015: $2,106,4672015Assets 2016: $2,261,720Liabilities 2016: $21,500Net Assets 2016: $2,240,2202016Assets 2017: $2,604,318Liabilities 2017: $6,277Net Assets 2017: $2,598,0412017Assets 2018: $2,865,732Liabilities 2018: $5,972Net Assets 2018: $2,859,7602018Assets 2019: $3,209,679Liabilities 2019: $10,097Net Assets 2019: $3,199,5822019Assets 2020: $3,205,026Liabilities 2020: $14,726Net Assets 2020: $3,190,3002020Assets 2021: $3,367,790Liabilities 2021: $5,542Net Assets 2021: $3,362,2482021Assets 2022: $4,174,429Liabilities 2022: $12,345Net Assets 2022: $4,162,0842022Assets 2023: $4,428,039Liabilities 2023: $15,803Net Assets 2023: $4,412,2362023Assets 2024: $4,731,660Liabilities 2024: $12,274Net Assets 2024: $4,719,3862024Assets 2025: $5,070,714Liabilities 2025: $28,783Net Assets 2025: $5,041,9312025

Highlighted filing

2021

Assets$3,367,790
Liabilities$5,542
Net Assets$3,362,248

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $846,2122010Expenses 2011: $964,9292011Expenses 2012: $854,1492012Revenue 2013: $1,015,624Expenses 2013: $890,276Net Income 2013: $125,3482013Revenue 2014: $942,995Expenses 2014: $826,855Net Income 2014: $116,1402014Revenue 2015: $1,361,808Expenses 2015: $988,550Net Income 2015: $373,2582015Revenue 2016: $1,284,768Expenses 2016: $1,151,015Net Income 2016: $133,7532016Revenue 2017: $1,432,073Expenses 2017: $1,074,252Net Income 2017: $357,8212017Revenue 2018: $1,481,682Expenses 2018: $1,219,963Net Income 2018: $261,7192018Revenue 2019: $1,551,164Expenses 2019: $1,211,342Net Income 2019: $339,8222019Revenue 2020: $1,447,681Expenses 2020: $1,456,963Net Income 2020: -$9,2822020Revenue 2021: $1,599,272Expenses 2021: $1,427,324Net Income 2021: $171,9482021Revenue 2022: $2,289,036Expenses 2022: $1,489,200Net Income 2022: $799,8362022Revenue 2023: $1,875,323Expenses 2023: $1,625,171Net Income 2023: $250,1522023Revenue 2024: $2,143,545Expenses 2024: $1,836,395Net Income 2024: $307,1502024Revenue 2025: $2,932,283Expenses 2025: $2,609,738Net Income 2025: $322,5452025

Highlighted filing

2021

Revenue$1,599,272
Expenses$1,427,324
Net Income$171,948
Jump To
Filing Snapshot
Filing Period
Sep 1, 2020 to Aug 31, 2021
Signed
Feb 11, 2022
Return Version
2020v4.2
Gross Receipts
$2,959,180
Mission and Program Overview

Mission

To provide superior training in the field of pacemaker technology to our students

Non profit pacemaker technology training center

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,040,370$1,404,257▲ $363,887
Investments Other Securities$205,468$1,215,719▲ $1,010,251
Savings and Temporary Cash Investments$1,815,152$653,360▼ $1,161,792
Land, Buildings, and Equipment, Net$135,181$85,599▼ $49,582
Total Assets$3,205,026$3,367,790▲ $162,764
Other Assets Total$8,855$8,855→ $0
Liabilities
Other Liabilities$14,726$5,542▼ $9,184
Total Liabilities$14,726$5,542▼ $9,184
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,190,300$3,362,248▲ $171,948
Total Net Assets Fund Balance$3,190,300$3,362,248▲ $171,948
Total Liabilities and Net Assets / Fund Balance$3,205,026$3,367,790▲ $162,764

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$64,889$209,506$274,395
Other Land Buildings$7,682$89,214$96,896
Leasehold Improvements$13,028$1,472$14,500
Other Securities$1,101,715--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
James L HollandPresidentFT$226,747$48,412$275,159
Kimber WaltersVice PresdientFT$175,995$4,857$180,852
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,588,176
Investment Income
$11,692
Other Revenue
$-596
Change in Net Assets
$171,948
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$945,659
Other Expenses$481,665
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$370,522$32,220-$402,742
Other Salaries and Wages$308,972$50,838-$359,810
Occupancy$122,367$19,920-$142,287
Other Employee Benefits$69,745$11,354-$81,099
Depreciation Depletion$49,182$8,006-$57,188
Payroll Taxes$45,191$7,357-$52,548
Office Expenses$45,160$7,353-$52,513
Pension Plan Contributions$42,536$6,924-$49,460
Information Technology$32,813$5,342-$38,155
Travel$19,599$3,191-$22,790
Insurance$17,119$2,787-$19,906
Fees for Services Accounting$8,342$1,358-$9,700
Fees for Services Other$7,428$1,209-$8,637
Other Expenses$5,687$926-$6,613
All Other Expenses$4,200--$4,200
Conferences and Meetings$200--$200
Fees for Services Legal$14$2-$16
Total Functional Expenses$1,268,537$158,787$0$1,427,324
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Credit Card Payables$4,349
401k Withheld$1,193
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

A copy of the form 990 was provided to the organization's governing board for review and approval before the return was filed.

Form 990, Part VI, Section C, Line 19

The organization will provide a copy of these documents and financial statements to the public upon request.

Filing and Contact Details

Filer

Filer Name
Arrhythmia Technologies Institute Inc
EIN
65-0032556
Phone
8642979232
Address
400 EXECUTIVE CENTER DRIVE STE 116, GREENVILLE, SC 29615

Signing Officer

Name
James L Holland
Title
President
Phone
8642979232
Signed
2022-02-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James L Holland
Formed
1987
Legal Domicile
Fl
Voting Board Members
2
Independent Board Members
0
Employees
7
Volunteers
0

Preparer

Firm
Pope Smith Brown & King Pa
Address
7 S LAURENS ST SUITE 300, GREENVILLE, SC 29601
Preparer
John King CPA
Phone
8642420656
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IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd6C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd7C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd8C
IRS990ScheduleD/TotalBookValueLandBuildingsAmt085599
IRS990ScheduleD/TotalBookValueSecuritiesAmt01215719
IRS990ScheduleD/TotalLiabilityAmt05542
IRS990ScheduleE/ComplianceWithRevProc7550Ind01
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd00
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd01
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0LOCAL NEWSPAPERS, BROCHURES, CATALOGS
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0226747
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1175995
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt030091
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt14857
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt018321
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0JAMES L HOLLAND
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1KIMBER WALTERS
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1VICE PRESDIENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0275159
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt1180852
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt10
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A COPY OF THE FORM 990 WAS PROVIDED TO THE ORGANIZATION'S GOVERNING BOARD FOR REVIEW AND APPROVAL BEFORE THE RETURN WAS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION WILL PROVIDE A COPY OF THESE DOCUMENTS AND FINANCIAL STATEMENTS TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd01
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt03205026
IRS990/TotalAssetsEOYAmt03367790
IRS990/TotalAssetsGrp/BOYAmt03205026
IRS990/TotalAssetsGrp/EOYAmt03367790
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalEmployeeCnt07
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0158787
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01268537
IRS990/TotalFunctionalExpensesGrp/TotalAmt01427324
IRS990/TotalGrossUBIAmt0-596
IRS990/TotalLiabilitiesBOYAmt014726
IRS990/TotalLiabilitiesEOYAmt05542
IRS990/TotalLiabilitiesGrp/BOYAmt014726
IRS990/TotalLiabilitiesGrp/EOYAmt05542
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03190300
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03362248
IRS990/TotalOtherCompensationAmt053269
IRS990/TotalProgramServiceExpensesAmt01268537
IRS990/TotalProgramServiceRevenueAmt01588176
IRS990/TotalReportableCompFromOrgAmt0402742
IRS990/TotalRevenueGrp/ExclusionAmt011692
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01588176
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01599272
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt0-596
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03205026
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03367790
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt03191
IRS990/TravelGrp/ProgramServicesAmt019599
IRS990/TravelGrp/TotalAmt022790
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd01
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0400 EXECUTIVE CENTER DRIVE STE 116
IRS990/USAddress/CityNm0GREENVILLE
IRS990/USAddress/StateAbbreviationCd0SC
IRS990/USAddress/ZIPCd029615
IRS990/VotingMembersGoverningBodyCnt02
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0WWW.ARRHYTHMIATECH.COM
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$5.07$0.03$5.04$2.93$2.61$0.32
2024Detailed filing. Detailed filing data is available for this year.$4.73$0.01$4.72$2.14$1.84$0.31
2023Detailed filing. Detailed filing data is available for this year.$4.43$0.02$4.41$1.88$1.63$0.25
2022Detailed filing. Detailed filing data is available for this year.$4.17$0.01$4.16$2.29$1.49$0.80
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.37$0.01$3.36$1.60$1.43$0.17
2020Detailed filing. Detailed filing data is available for this year.$3.21$0.01$3.19$1.45$1.46$0.01
2019Detailed filing. Detailed filing data is available for this year.$3.21$0.01$3.20$1.55$1.21$0.34
2018Detailed filing. Detailed filing data is available for this year.$2.87$0.01$2.86$1.48$1.22$0.26
2017Detailed filing. Detailed filing data is available for this year.$2.60$0.01$2.60$1.43$1.07$0.36
2016Detailed filing. Detailed filing data is available for this year.$2.26$0.02$2.24$1.28$1.15$0.13
2015Detailed filing. Detailed filing data is available for this year.$2.11$0.01$2.11$1.36$0.99$0.37
2014Detailed filing. Detailed filing data is available for this year.$1.73$0.00$1.73$0.94$0.83$0.12
2013Summary only. Only limited summary data is available for this year.$1.62$0.00$1.62$1.02$0.89$0.13
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.49$0.00$1.49$0.85
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.55$0.00$1.55$0.96
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.60$0.00$1.60$0.85