Civic Intelligence

New Heart Inc.

990 • Fiscal year 2015 • EIN 85-0253067

Jan 01, 2015 to Dec 31, 2015 • Filed on May 19, 2016

601 Lomas Blvd NEAlbuquerque, NM 87102

(505) 881-8195

Siviq Scores

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

Liabilities / Assets

15th percentile

0.00x

Higher debt load relative to assets than 15% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

16th percentile

0.00x

Higher debt load relative to revenue than 16% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

12th percentile

-26%

Higher net margin than 12% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

35th percentile

$1,719

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 0.3% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

20th percentile

-5.9%

Faster asset growth than 20% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

31st percentile

-3.7%

Faster revenue growth than 31% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Flat

$2,533,320

Flat from 2015

Net Assets

Flat

$2,531,982

Flat from 2015

Liabilities

Flat

$1,338

Flat from 2015

Revenue

Flat

$612,209

Flat from 2015

Expenses

Flat

$771,648

Flat from 2015

Net Income

Flat

-$159,439

Flat from 2015

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $3,013,622Liabilities 2011: $326Net Assets 2011: $3,013,2962011Assets 2012: $2,971,725Liabilities 2012: $293Net Assets 2012: $2,971,4322012Assets 2013: $2,822,669Liabilities 2013: $463Net Assets 2013: $2,822,2062013Assets 2014: $2,691,792Liabilities 2014: $371Net Assets 2014: $2,691,4212014Assets 2015: $2,533,320Liabilities 2015: $1,338Net Assets 2015: $2,531,9822015Assets 2015: $2,533,320Liabilities 2015: $1,338Net Assets 2015: $2,531,9822015Assets 2016: $2,497,254Liabilities 2016: $364Net Assets 2016: $2,496,8902016Assets 2017: $2,431,503Liabilities 2017: $0Net Assets 2017: $2,431,5032017Assets 2018: $2,751,614Liabilities 2018: $25,267Net Assets 2018: $2,726,3472018Assets 2019: $2,935,329Liabilities 2019: $11,352Net Assets 2019: $2,923,9772019Assets 2020: $3,126,605Liabilities 2020: $105,406Net Assets 2020: $3,021,1992020Assets 2021: $3,177,749Liabilities 2021: $111,769Net Assets 2021: $3,065,9802021Assets 2022: $2,972,415Liabilities 2022: $72,107Net Assets 2022: $2,900,3082022Assets 2023: $2,717,485Liabilities 2023: $226,210Net Assets 2023: $2,491,2752023

Highlighted filing

2015

Assets$2,533,320
Liabilities$1,338
Net Assets$2,531,982

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2011: $640,127Expenses 2011: $851,923Net Income 2011: -$211,7962011Revenue 2012: $822,914Expenses 2012: $864,778Net Income 2012: -$41,8642012Revenue 2013: $696,295Expenses 2013: $845,521Net Income 2013: -$149,2262013Revenue 2014: $636,050Expenses 2014: $766,835Net Income 2014: -$130,7852014Revenue 2015: $612,209Expenses 2015: $771,648Net Income 2015: -$159,4392015Revenue 2015: $612,209Expenses 2015: $771,648Net Income 2015: -$159,4392015Revenue 2016: $681,331Expenses 2016: $716,316Net Income 2016: -$34,9852016Revenue 2017: $789,638Expenses 2017: $856,795Net Income 2017: -$67,1572017Revenue 2018: $1,180,502Expenses 2018: $878,691Net Income 2018: $301,8112018Revenue 2019: $1,132,175Expenses 2019: $968,299Net Income 2019: $163,8762019Revenue 2020: $1,015,995Expenses 2020: $934,013Net Income 2020: $81,9822020Revenue 2021: $999,578Expenses 2021: $947,881Net Income 2021: $51,6972021Revenue 2022: $1,109,299Expenses 2022: $1,224,840Net Income 2022: -$115,5412022Revenue 2023: $767,790Expenses 2023: $1,180,020Net Income 2023: -$412,2302023

Highlighted filing

2015

Revenue$612,209
Expenses$771,648
Net Income-$159,439
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
May 19, 2016
Return Version
2015v2.0
Gross Receipts
$612,444
Mission and Program Overview

Mission

Heart health education and rehabilitation.

Heart health education and rehabilitation

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$2,691,421$2,531,982▼ $159,439
Land, Buildings, and Equipment, Net$2,429,812$2,345,771▼ $84,041
Savings and Temporary Cash Investments$192,150$147,260▼ $44,890
Cash and Non-Interest-Bearing Accounts$69,232$39,691▼ $29,541
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$2,691,792$2,533,320▼ $158,472
Other Assets Total$598$598→ $0
Liabilities
Accounts Payable and Accrued Expenses$371$1,338▲ $967
Total Liabilities$371$1,338▲ $967
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,691,421$2,531,982▼ $159,439
Total Liabilities and Net Assets / Fund Balance$2,691,792$2,533,320▼ $158,472

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,402,762$499,963$1,902,725
Land$840,629-$840,629
Equipment$96,864$419,510$516,374
Other Land Buildings$5,516$82,131$87,647
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Beth McCormickDirectorPT$1,719$1,719

Board Members and Trustees

NameTitle
Ina SimmonsChairman
Harvey White MDVice President
David Westpfahl PHDDirector
Jeanne SturdevantDirector
Peter PinoDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$4,800
Program Service Revenue
$604,334
Investment Income
$3,075
Other Revenue
$0
All Other Contributions
$4,800
Change in Net Assets
$-159,439
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$471,501
Other Expenses$300,147
Total Fundraising Expense$1,222
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Comp Disqual Persons$306,191$125,296-$431,487
Depreciation Depletion$75,002$12,210-$87,212
Occupancy$58,643$9,546-$68,189
Insurance$37,464$6,099-$43,563
Payroll Taxes$24,277$10,071-$34,348
Fees for Services Other-$13,268-$13,268
Fees for Services Accounting-$11,433-$11,433
Office Expenses-$10,877-$10,877
Fees for Services Legal-$9,562-$9,562
Information Technology$7,791$1,268-$9,059
All Other Expenses$2,750$1,234-$3,984
Pension Plan Contributions$3,394$553-$3,947
Other Expenses$1,934$315-$2,249
Current Officers, Directors, Trustees, and Key Employees-$1,719-$1,719
Advertising--$1,222$1,222
Travel$851$139-$990
Total Functional Expenses$546,954$223,472$1,222$771,648
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
Yes
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, Line 11B: Form 990 Review Process

Before filing, Form 990 is reviewed in detail at a board meeting.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

Upon request

Filing and Contact Details

Filer

Filer Name
New Heart Inc
EIN
85-0253067
Phone
5058818195
Address
601 LOMAS BLVD NE, ALBUQUERQUE, NM 87102

Signing Officer

Name
Harvey White MD
Title
Vice President
Signed
2016-05-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Harvey White MD
Formed
1977
Legal Domicile
Nm
Voting Board Members
6
Independent Board Members
5
Employees
25

Preparer

Firm
Balkcom Pearsall & Parrish CPAs PA
Address
1201 Eubank NE Suite 4, Albuquerque, NM 87112
Preparer
Lawrence a Pearsall
Phone
5052930173
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IRS990/PYTotalExpensesAmt0766835
IRS990/PYTotalRevenueAmt0636050
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-159439
IRS990/RegularMonitoringEnfrcInd0false
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0604334
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt02691421
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt02531982
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0192150
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0147260
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearAmt0750
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus1YearAmt04550
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus2YearsAmt01650
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus3YearsAmt01250
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus4YearsAmt01550
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt09750
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt04800
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt035250
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt012135
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt08450
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt018403
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt079038
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt03075
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt013399
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0-2414
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt024730
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt022694
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt061484
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0604334
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0587401
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0686571
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0789734
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0599030
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt03267070
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt03075
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt013399
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0-2414
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt024730
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt022694
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt061484
IRS990ScheduleA/InvestmentIncomeCYPct00.01800
IRS990ScheduleA/InvestmentIncomePYPct00.02030
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.97910
IRS990ScheduleA/PublicSupportPY509Pct00.97660
IRS990ScheduleA/PublicSupportTotal509Amt03336358
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt0750
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt04550
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt01650
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt01250
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt01550
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt09750
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0609134
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0622651
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0698706
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0798184
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0617433
IRS990ScheduleA/Total509Grp/TotalAmt03346108
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0612209
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0636050
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0696292
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0822914
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0640127
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt03407592
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt01402762
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0499963
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01902725
IRS990ScheduleD/EquipmentGrp/BookValueAmt096864
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0419510
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0516374
IRS990ScheduleD/LandGrp/BookValueAmt0840629
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0840629
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt05516
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt082131
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt087647
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02345771
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Before filing, Form 990 is reviewed in detail at a board meeting.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Upon request
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NM
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02691792
IRS990/TotalAssetsEOYAmt02533320
IRS990/TotalAssetsGrp/BOYAmt02691792
IRS990/TotalAssetsGrp/EOYAmt02533320
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt04800
IRS990/TotalEmployeeCnt025
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt01222
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0223472
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0546954
IRS990/TotalFunctionalExpensesGrp/TotalAmt0771648
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0371
IRS990/TotalLiabilitiesEOYAmt01338
IRS990/TotalLiabilitiesGrp/BOYAmt0371
IRS990/TotalLiabilitiesGrp/EOYAmt01338
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02691421
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02531982

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.72$0.23$2.49$0.77$1.18$0.41
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.97$0.07$2.90$1.11$1.22$0.12
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.18$0.11$3.07$1.00$0.95$0.05
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.13$0.11$3.02$1.02$0.93$0.08
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.94$0.01$2.92$1.13$0.97$0.16
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.75$0.03$2.73$1.18$0.88$0.30
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.43$0.00$2.43$0.79$0.86$0.07
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.50$0.00$2.50$0.68$0.72$0.03
2015Detailed filing. Detailed filing data is available for this year.$2.53$0.00$2.53$0.61$0.77$0.16
2015Summary only. Only limited summary data is available for this year.$2.53$0.00$2.53$0.61$0.77$0.16
2014Detailed filing. Detailed filing data is available for this year.$2.69$0.00$2.69$0.64$0.77$0.13
2013Summary only. Only limited summary data is available for this year.$2.82$0.00$2.82$0.70$0.85$0.15
2012Summary only. Only limited summary data is available for this year.$2.97$0.00$2.97$0.82$0.86$0.04
2011Summary only. Only limited summary data is available for this year.$3.01$0.00$3.01$0.64$0.85$0.21