NEW YORK SOCIETY FOR THORACIC SURGERY IN

EIN: 133859162 501(c)(3) Diseases & Disorders

NEW YORK, NY

Total Revenue
$56,161
Total Expenses
$12,366
Total Assets
$267,346
Net Assets
$267,346
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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
1917
Legal Domicile
NY
Principal Officer
DR BENJAMIN E LEE MD
Phone
2122637452
Tax Period
2024-01-01 to 2024-12-31

NEW YORK SOCIETY FOR THORACIC SURGERY IN, founded in 1917, is a micro nonprofit in the Diseases & Disorders sector that reported $56K in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $44K, a strong 78% operating margin.

Mission

THE MISSION IS TO FURTHER THE SCIENTIFIC AWARENESS OF THE CARDIOTHORACIC FIELD. IT IS THE FORUM FOR PRESENTATION OF SCIENTIFIC PAPERS AND TO PROVIDE EDUCATION IN THE FIELD OF CARDIOTHORACIC SURGERY.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $81,960
Program Service Revenue $0
Investment Income $14
Other Revenue $-25,813
TOTAL REVENUE $56,161

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $12,366
TOTAL EXPENSES $12,366

Year-over-Year Comparison

2024 2023 Change
Revenue $56,161 $50,273 +0.1%
Expenses $12,366 $6,841 +0.8%
Net Income $43,795 $43,432 +0.0%
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

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Governance

Voting Members
10
Independent Members
10
Employees
N/A
Volunteers
N/A

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
10
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR EUGENE GROSSI Foundation Mgr. 1.00
Officer Director
$0 $0 $0
DR CHRISTOPHER LAU President 1.00
Officer Director
$0 $0 $0
DR SEBRON HARRISON Secretary 1.00
Officer Director
$0 $0 $0
DR CHARLES MACK Director 1.00
Officer Director
$0 $0 $0
DR BENJAMINE E LEE Director 1.00
Officer Director
$0 $0 $0
DR BRIAN HOUSMAN Director 1.00
Officer Director
$0 $0 $0
DR ANDREW KAUFMAN MD Director 1.00
Officer Director
$0 $0 $0
DR ELBERT WILLIAMS III Director 1.00
Officer Director
$0 $0 $0
DR BERHANE WORKU Director 1.00
Officer Director
$0 $0 $0
DR AMIE KENT Vice President 1.00
Officer 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 $56,161 $12,366 $267,346 $43,795
2023 $50,273 $6,841 $223,551 $43,432
2022 $54,320 $8,330 $180,119 $45,990
2021 $34,648 $6,025 $134,129 $28,623
2020 $33,445 $2,329 $105,506 $31,116
2019 $99,711 $63,007 $74,390 $36,704
2018 $66,390 $50,005 $37,686 $16,385
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