Chvi Professional Corporation
- Assets
- $32.9m
- Revenue
- $79.7m
- Investments
- $0.0
- Employees
- 136
- Location
- Tacoma, WA
- Founding
- 12/2015
- Data as of
- 12/2023
- EIN
- 47-5457904
Organization Overview
Chvi Professional Corporation, operating under the name Pulse Heart Institute, is located in Tacoma, WA. The organization was established in 2015. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 12/2023, Pulse Heart Institute employed 136 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pulse Heart Institute is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Pulse Heart Institute generated $79.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 25.5% each year . All expenses for the organization totaled $75.5m during the year ending 12/2023. While expenses have increased by 24.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TOGETHER, GIVE PEOPLE THEIR BEST LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHVI D/B/A PULSE HEART INSTITUTE (CHVI) IS A HIGHLY SPECIALIZED TAX EXEMPT HEALTHCARE ENTITY THAT EMPLOYS BOARD CERTIFIED CARDIOLOGISTS, CARDIOTHORACIC SURGEONS AND VASCULAR SURGEONS TO PERFORM ADVANCED CARDIOTHORACIC SURGERIES, CARDIAC RESEARCH AND EDUCATION. CHVI IS THE MOST RECENT INNOVATION IN CARE DELIVERY FROM CARDIAC STUDY CENTER AND MULTICARE HEALTH SYSTEM, A RELATED TAX EXEMPT ORGANIZATION. CHVI IS THE PACIFIC NORTHWEST'S DESTINATION FOR HEART HEALTH, OFFERING A COMPREHENSIVE RANGE OF THE MOST ADVANCED CARDIAC, THORACIC, AND VASCULAR SERVICES AVAILABLE. CHVI CONNECTS EMERGENCY, CLINIC, HOSPITAL AND THERAPY SERVICES TO ENHANCE COMMUNICATION AND CONTINUITY. THE ETHOS OF THE ORGANIZATION IS ONE OF PARTNERSHIP AND INSPIRATION. CHVI'S PHYSICIANS ARE AT THE TOP OF THEIR FIELD AND ACTIVELY (SEE SCHEDULE O) SEEK TO STAY ON THE CUTTING EDGE OF CARDIOVASCULAR MEDICINE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Meyer MD Interim Chair | OfficerTrustee | 50 | $1,428,801 |
Ahmad Slim Member,physician | Trustee | 50 | $1,260,611 |
David O'brien MD Member, Srvp Mhs | Trustee | 2 | $0 |
Mohit Jainmd Member,physician | Trustee | 50 | $1,145,000 |
Devendra Vora MD Member,physician | Trustee | 50 | $1,108,607 |
Kingson Momah Member | Trustee | 50 | $1,078,655 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Iq Technologies Llc It Services | 12/30/22 | $158,832 |
Olympia Multi-specialty Clinic Healthcare Services | 12/30/22 | $117,750 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $77,950,117 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $77,950,117 |
| Total Program Service Revenue | $1,707,762 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $79,657,879 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $10,318,295 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $57,385,314 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,197,847 |
| Payroll taxes | $2,395,678 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,318 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $378,500 |
| Advertising and promotion | $675 |
| Office expenses | $2,667 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $105,624 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,356 |
| Insurance | $831,860 |
| All other expenses | $97,793 |
| Total functional expenses | $75,539,525 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,049,574 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $23,539,664 |
| Net Land, buildings, and equipment | $53,244 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $228,462 |
| Total assets | $32,870,944 |
| Accounts payable and accrued expenses | $16,211,886 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $25,788,628 |
| Total liabilities | $42,000,514 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | -$9,129,570 |
| Total liabilities and net assets/fund balances | $32,870,944 |