Arrhythmia Technologies Institute INC

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Non profit pacemaker technology training center

501(c)(3) charity; gifts are tax-deductible.
88¢ of each $1 spent went to programs.
$878K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $307K a year · 15% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
88%
of spending
Looks good: 88% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$878K
to officers and key staff · 34% of spending
Concern: pay to officers and key staff is 34% of spending; over 30%.
Pt VII · Sec A
17 mo
of spending, in cash
Looks good: 17.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$29K
0.6% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 2 voting members
Concern: none of 2 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.9M
+37% vs prior year
Spent
$2.6M
To programs
88%
Net assets
$5.0M
By yearFY2020–FY2025
Revenue
$2.9M
FY2025▲ +37%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.4M
FY2021$1.6M
FY2022$2.3M
FY2023$1.9M
FY2024$2.1M
FY2025$2.9M
Expenses
$2.6M
FY2025▲ +42%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.5M
FY2021$1.4M
FY2022$1.5M
FY2023$1.6M
FY2024$1.8M
FY2025$2.6M
Net assets
$5.0M
FY2025▲ +7%
Tap a bar for its year
Net assets by fiscal year
FY2020$3.2M
FY2021$3.4M
FY2022$4.2M
FY2023$4.4M
FY2024$4.7M
FY2025$5.0M

From the FY2025 Form 990 (year ending August 2025) · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 1989.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

88 cents of each dollar spent went to programs.

Program services 88% · $2.3M Management & general 12% · $319K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

2 people listed on the 990; $878K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$453,229Pt VII · Sec A
Vice Presdient
$425,153Pt VII · Sec A

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
James L Holland$453,229$312,251$288,116$225,694$226,747$181,404
Kimber Walters$425,153$259,539$245,500$197,615$175,995$157,327
Mark W Sweesy—————$279,506

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Arrhythmia Technologies Institute INC executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Trains people in pacemaker technology.

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1 program · $2.3M · in their own filed words · FY2024
01

Operation of training school for the purpose of teaching pacemaker technology to students and enabling them to work in this field.

$2.3Mprogram expense

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$2.9M
Ln 12
Fees for servicesLn 2g$2.8M
Investment incomeLn 3$150K
Money outPt IX
$2.6M
Ln 25
Programscol B$2.3M
Managementcol C$319K
Owns and owesPt X
$5.0M
net assets · Ln 32
Cash and savingsLn 1–2$3.7M
Total assetsLn 16$5.1M
LiabilitiesLn 26$29K
PeoplePt VI, VII
2
listed · VII A
PaidVII A2
Voting boardVI 1a2
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$2.8M
Investment incomeLn 3$150K
Gains on assetsLn 7−$3
Total revenueLn 12$2.9M
Assets in detailPt X, end of year
CashLn 1$27K
SavingsLn 2$3.7M
Cash and savings togetherLn 1–2$3.7M
Land, buildings, equipmentLn 10c$24K
InvestmentsLn 11–13$1.3M
Other assetsLn 15$9K
Total assetsLn 16$5.1M
LiabilitiesLn 26$29K
Net assetsLn 32$5.0M
OperationsPt I, VI
EmployeesI 510
VolunteersI 60
Fiscal year endsHeaderAugust
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$3.4M$3.7M
InvestmentsLn 11–13$1.3M$1.3M
Land, buildings, equipmentLn 10c$33K$24K
Total assetsLn 16$4.7M$5.1M
LiabilitiesLn 26$12K$29K
Net assetsLn 32$4.7M$5.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$878K$802K$76K
Other salaries and wagesLn 7$966K$792K$174K
Pension plan contributionsLn 8$34K$30K$5K
Other employee benefitsLn 9$158K$136K$22K
Payroll taxesLn 10$108K$93K$15K
Accounting feesLn 11c$13K$11K$2K
Investment management feesLn 11f$219$219
Other fees for servicesLn 11g$28K$24K$4K
Office expensesLn 13$137K$125K$12K
Information technologyLn 14$5K$4K$537
OccupancyLn 16$176K$175K$641
TravelLn 17$39K$38K$2K
Conferences, conventions and meetingsLn 19$7K$7K
Depreciation, depletion and amortizationLn 22$13K$11K$2K
InsuranceLn 23$25K$22K$4K
Other expenses (24a–d)Ln 24$20K$20K$605
All other expensesLn 24e$1K$1K
Total functional expensesLn 25$2.6M$2.3M$319K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS Feb 11, 2026 $2.9M$2.6M$323K$5.0M 990 PDF
FY2024Filed with the IRS Nov 25, 2024 $2.1M$1.8M$307K$4.7M 990 PDF
FY2023Filed with the IRS Nov 9, 2023 $1.9M$1.6M$250K$4.4M 990 PDF
FY2022 $2.3M$1.5M$800K$4.2M 990 PDF
FY2021Filed with the IRS Feb 18, 2022 $1.6M$1.4M$172K$3.4M 990 PDF
FY2020Filed with the IRS Dec 15, 2021 $1.4M$1.5M−$9K$3.2M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $2,932,283 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $1,985,155$2,782,641
I-10 Investment incomePrior year $157,635$150,314
I-11 Other revenuePrior year $755−$672
I-12 Total revenuePrior year $2,143,545$2,932,283
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,446,375$2,144,062
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $390,020$465,676
I-18 Total expensesPrior year $1,836,395$2,609,738
I-19 Revenue less expensesPrior year $307,150$322,545
Part VI · Governance 0 of 2 board members independent, 4 to look at
VI-1a Voting members of the governing body2
VI-1b Independent voting members0
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $2,932,283 across 5 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,782,641$2,782,641
VIII-3 Investment incomeExcluded from tax $150,317$150,317
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$3−$3
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Unrelated business −$672−$672
VIII-12 Total revenueRelated to mission $2,782,641 · Unrelated business −$672 · Excluded from tax $150,314$2,932,283
Part IX · Statement of functional expenses $2,609,738 across 17 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $802,112 · Management $76,271$878,383
IX-7 Other salaries and wagesPrograms $792,012 · Management $173,856$965,868
IX-8 Pension plan contributionsPrograms $29,596 · Management $4,818$34,414
IX-9 Other employee benefitsPrograms $135,581 · Management $22,071$157,652
IX-10 Payroll taxesPrograms $92,661 · Management $15,084$107,745
IX-11c Accounting feesPrograms $11,180 · Management $1,820$13,000
IX-11f Investment management feesPrograms $219$219
IX-11g Other fees for servicesPrograms $24,387 · Management $3,952$28,339
IX-13 Office expensesPrograms $124,718 · Management $12,396$137,114
IX-14 Information technologyPrograms $4,485 · Management $537$5,022
IX-16 OccupancyPrograms $175,012 · Management $641$175,653
IX-17 TravelPrograms $37,716 · Management $1,768$39,484
IX-19 Conferences, conventions and meetingsPrograms $6,836$6,836
IX-22 Depreciation, depletion and amortizationPrograms $11,460 · Management $1,866$13,326
IX-23 InsurancePrograms $21,655 · Management $3,525$25,180
IX-24 Other expenses (24a–d)Programs $19,856 · Management $605$20,461
IX-24e All other expensesPrograms $1,042$1,042
IX-25 Total functional expensesPrograms $2,290,528 · Management $319,210 · Fundraising $0$2,609,738
Part X · Balance sheet $5,070,714 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $718,811$27,183
X-2 Savings and temporary cash investmentsStart of year $2,696,138$3,684,080
X-10c Land, buildings and equipment, netStart of year $33,422$23,826
X-12 Other securitiesStart of year $1,274,434$1,326,770
X-15 Other assetsStart of year $8,855$8,855
X-16 Total assetsStart of year $4,731,660$5,070,714
X-25 Other liabilitiesStart of year $12,274$28,783
X-26 Total liabilitiesStart of year $12,274$28,783
X-27 Net assets without donor restrictionsStart of year $4,719,386$5,041,931
X-32 Total net assets or fund balancesStart of year $4,719,386$5,041,931
X-33 Total liabilities and net assetsStart of year $4,731,660$5,070,714
Part XI · Reconciliation of net assets $5,041,931 net assets at year end
XI-1 Total revenue$2,932,283
XI-2 Total expenses$2,609,738
XI-3 Revenue less expenses$322,545
XI-4 Net assets at start of year$4,719,386
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$5,041,931

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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