NEW YORK CARDIOLOGICAL SOCIETY INC

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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

1935

Legal Domicile

Phone

2126860228

Tax Period

2024-01-01 to 2024-12-31

NEW YORK CARDIOLOGICAL SOCIETY INC, founded in 1935, is a micro nonprofit in the Health Care sector that reported $42K in total revenue in fiscal year 2024. Revenue fell 33% from the prior year — a significant decline worth monitoring. Net assets of $834K represent 238 months of operating reserves.

Mission

CONTINUING MEDICAL EDUCATION, LECTURES, SEMINARS, ETC. FOR NEW YORK STATE CARDIOLOGISTS.

Program Service Accomplishments

Program 1

Expenses: $41,143

CONTINUING MEDICAL EDUCATION, LECTURES, SEMINARS, ETC. FOR NEW YORK STATE CARDIOLOGISTS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $40,000

Program Service Revenue $910

Investment Income $1,232

Other Revenue $0

TOTAL REVENUE $42,142

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $41,143

Other Expenses $41,143

TOTAL EXPENSES $41,143

Year-over-Year Comparison

	2024	2023	Change
Revenue	$42,142	$62,642	-0.3%
Expenses	$41,143	$60,830	-0.3%
Net Income	$999	$1,812	-0.4%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Vijay Iyer MD	President	0.50	Officer Director	$0	$0	$0
Dmitriy Feldman MD	Vice President	0.50	Officer Director	$0	$0	$0
Luke Kim MD FACC FSCAI	Secy/Treasurer	0.50	Officer Director	$0	$0	$0
Himabindu Vidula MD	Executive Board	0.25	Director	$0	$0	$0
Srihari S Naidu MD	Executive Board	0.25	Director	$0	$0	$0
William E Lawson MD	Executive Board	0.25	Director	$0	$0	$0
Jay J Dubowsky MD	Executive Board	0.25	Director	$0	$0	$0
J Chad Teeters MD MBA	Executive Board	0.25	Director	$0	$0	$0
Norma M Keller MD	Executive Board	0.25	Director	$0	$0	$0
Leway Chen MD MPH	Executive Board	0.25	Director	$0	$0	$0
Smadar Kort MD	Executive Board	0.25	Director	$0	$0	$0
Joseph Lauterstein MD	Executive Board	0.25	Director	$0	$0	$0
Mary Patterson CAE	Executive Board	40.00	Director	$0	$0	$0

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	$42,142	$41,143	$838,485	$999
2023	$62,642	$60,830	$839,681	$1,812
2022	$46,692	$78,424	$853,537	$-31,732
2021	$20,708	$40,357	$883,896	$-19,649
2020	$39,319	$20,241	$885,771	$19,078