NEW YORK CARDIAC CENTER INC (EIN 131624083) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1937

Legal Domicile

Principal Officer

RICHARD GLAZER

Phone

2015698180

Tax Period

2023-01-01 to 2023-12-31

NEW YORK CARDIAC CENTER INC, founded in 1937, is a micro nonprofit that reported $89K in total revenue in fiscal year 2023. Revenue fell 49% from the prior year — a significant decline worth monitoring. Expenses of $312K exceeded revenue, resulting in a 250% operating deficit.

Mission

THE MISSION OF THE NEW YORK CARDIAC CENTER IS TO BE A PART OF THE ONGOING EFFORT TO DIAGNOSE AND PREVENT HEART AND OTHER DISEASES. WE HELP TO DEVELOP TREATMENT FOR THOSE WHO NEED IT AND ASSIST IN TRAINING NEW SCIENTISTS, EDUCATORS, AND PHYSICIANS. WE ARE COMMITTED TO IMPROVING A PERSON'S CHANCES OF LIVING A FULL AND HEALTHY LIFE. TO DO SO WE COMMIT OUR RESOURCES TO INNOVATIVE PROJECTS IN RESEARCH, EDUCATION AND TREATMENT.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $17,405

Program Service Revenue $0

Investment Income $71,649

Other Revenue $0

TOTAL REVENUE $89,054

Expense Breakdown

Grants Paid $151,818

Salaries & Benefits $104,200

Fundraising Expenses $14,471

Program Expenses $164,906

Other Expenses $55,600

TOTAL EXPENSES $311,618

Year-over-Year Comparison

	2023	2022	Change
Revenue	$89,054	$174,964	-0.5%
Expenses	$311,618	$263,740	+0.2%
Net Income	$-222,564	$-88,776	+1.5%

Key Indicators

✓ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

⚠ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$6,000

Total Directors

$13,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD GLAZER	PRESIDENT	5.00	Officer Director	$0	$0	$0
DAVID GLAZER ESQ	VICE PRESIDENT	1.50	Officer Director	$1,500	$0	$1,500
MICHAEL WOLK MD	EXEC V.P	1.50	Officer Director	$1,500	$0	$1,500
ALFRED S GLAZIER	TREASURER	1.50	Officer Director	$1,500	$0	$1,500
ANN RONAN ESQ	SECRETARY	1.50	Officer Director	$1,500	$0	$1,500
PAUL BERNSTEIN	BD OF GOVERNORS	1.00	Director	$1,500	$0	$1,500
IRIS KOPELOFF MD	BD OF GOVERNORS	1.00	Director	$1,500	$0	$1,500
EDWARD NEWMAN	BD OF GOVERNORS	1.00	Director	$0	$0	$0
JOFFREY PEARLMAN	BD OF GOVERNORS	1.00	Director	$1,500	$0	$1,500
MICHAEL ROGOW DDS	BD OF GOVERNORS	1.00	Director	$0	$0	$0
STEPHEN SHEPARD	BD OF GOVERNORS	1.00	Director	$0	$0	$0
LISA TROY MD	BD OF GOVERNORS	1.00	Director	$1,500	$0	$1,500
ROBERT WOLK	BD OF GOVERNORS	1.00	Director	$1,500	$0	$1,500

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$89,054	$311,618	$2,462,786	$-222,564
2022	$174,964	$263,740	$2,409,029	$-88,776
2021	$397,642	$289,620	$2,907,695	$108,022
2020	$-63,580	$292,638	$2,921,922	$-356,218
2019	$164,769	$316,610	$2,785,300	$-151,841
2018	$-35,800	$350,914	$2,586,348	$-386,714

NEW YORK CARDIAC CENTER INC