21st Century Cardiothoracic Surgical Society (EIN 133929315) - 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

1996

Legal Domicile

Principal Officer

Alan Morasch CAE

Phone

3608594123

Tax Period

2024-01-01 to 2024-12-31

21st Century Cardiothoracic Surgical Society, founded in 1996, is a small nonprofit in the Community Improvement sector that reported $516K in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $494K left a modest 4% surplus.

Mission

The Organization's mission is "To Network Innovation and Leadership in Cardiothoracic Surgery" through furthering education and enhancing the practice of cardiovascular and thoracic surgery, promoting the interchange of both clinical and research ideas, providing the framework for networking and support, and to provide a platform for fellowship and camaraderie between members of the organization.

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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 $501,005

Program Service Revenue $0

Investment Income $14,693

Other Revenue $0

TOTAL REVENUE $515,698

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $425,541

Other Expenses $494,027

TOTAL EXPENSES $494,027

Year-over-Year Comparison

	2024	2023	Change
Revenue	$515,698	$445,725	+0.2%
Expenses	$494,027	$451,235	+0.1%
Net Income	$21,671	$-5,510	-4.9%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Alan Morasch CAE	Executive Dir.	15.00	Director	$0	$0	$0
Leora Yarboro MD	Treasurer	1.25	Director	$0	$0	$0
Doug Johnston MD	President	1.25	Officer Director	$0	$0	$0
Vinod Thourani MD	President Elect	1.25	Officer Director	$0	$0	$0
Eric Roselli MD	Board Member	0.00	Director	$0	$0	$0
Tom Nguyen MD	Past President	1.25	Officer Director	$0	$0	$0
Juan Pablo Umana MD	Past President	1.25	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	$515,698	$494,027	$612,836	$21,671
2023	$445,725	$451,235	$601,220	$-5,510
2022	$491,342	$464,741	$705,177	$26,601
2021	$74,203	$162,899	$699,635	$-88,696
2020	$244,039	$418,229	$404,573	$-174,190
2019	$833,525	$555,340	$578,761	$278,185
2018	$448,381	$345,360	$300,575	$103,021

21st Century Cardiothoracic Surgical Society