CONGENITAL HEART SURGEONS' SOCIETY (EIN 200198863) - 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

2003

Legal Domicile

Principal Officer

ROBERT D JAQUISS MD

Phone

9789278330

Tax Period

2024-01-01 to 2024-12-31

CONGENITAL HEART SURGEONS' SOCIETY, founded in 2003, is a small nonprofit in the Diseases & Disorders sector that reported $936K in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. Expenses of $870K left a modest 7% surplus.

Mission

TO ASSOCIATE PERSONS INTERESTED IN, AND CARRY ON ACTIVITIES RELATED TO, THE SCIENCE AND PRACTICE OF CONGENITAL HEART SURGERY, TO SPONSOR AND OVERSEE MULTI-INSTITUTIONAL CLINICAL STUDIES EVALUATING THE APPLICATION OF SURGICAL INTERVENTIONS IN CONGENITAL HEART DISEASE, TO ENCOURAGE AND STIMULATE INVESTIGATION AND STUDY THAT WILL INCREASE THE KNOWLEDGE OF CONGENITAL CARDIAC PHYSIOLOGY, PATHOLOGY AND THERAPY, AND TO CORRELATE AND DISSEMINATE SUCH KNOWLEDGE, TO HOLD SCIENTIFIC MEETINGS FEATURING FREE DISCUSSION OF PROBLEMS AND DEVELOPMENTS RELATING TO CONGENITAL HEART SURGERY, AND TO SUCCEED TO, AND CONTINUE TO CARRY ON THE ACTIVITIES FORMERLY CONDUCTED BY THE CONGENITAL HEART SURGEONS SOCIETY, AN UNINCORPORATED ASSOCIATION.

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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 $242,717

Program Service Revenue $671,806

Investment Income $19,549

Other Revenue $1,503

TOTAL REVENUE $935,575

Expense Breakdown

Grants Paid $583,405

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $797,785

Other Expenses $286,425

TOTAL EXPENSES $869,830

Year-over-Year Comparison

	2024	2023	Change
Revenue	$935,575	$1,040,934	-0.1%
Expenses	$869,830	$1,004,439	-0.1%
Net Income	$65,745	$36,495	+0.8%

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
ROBERT D JACQUISS MD	PRESIDENT/VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
JENNIFER C ROMANO MD	VICE PRESIDENT/SEC-TREASURER	2.00	Officer Director	$0	$0	$0
GLEN VAN ARSDELL MD	SEC-TREASURER/DIRECTOR	2.00	Officer Director	$0	$0	$0
DAVID M OVERMAN MD	IMMEDIATE PAST PRESIDENT	2.00	Officer Director	$0	$0	$0
CHRISTOPHER A CALDRONE FRCS MD	DIRECTOR	2.00	Director	$0	$0	$0
BAHAALDIN ALSOUFI MD	DIRECTOR	2.00	Director	$0	$0	$0
LUCA A VRICELLA MD	DIRECTOR	2.00	Director	$0	$0	$0
EMILE A BACHA MD	DIRECTOR	2.00	Director	$0	$0	$0
CHARLES D FRASER MD	DIRECTOR	2.00	Director	$0	$0	$0
CARLOS M MERY MD	DIRECTOR	2.00	Director	$0	$0	$0
JAMES E O'BRIEN JR MD	DIRECTOR	2.00	Director	$0	$0	$0
STEPHANIE FULLER MD	DIRECTOR	2.00	Director	$0	$0	$0
MARSHALL L JACOBS MD	HISTORIAN	2.00	Director	$0	$0	$0
CARL L BECKER MD	EDITOR/DIRECTOR	2.00	Director	$0	$0	$0
JOSEPH A DEARANI MD	PAST PRESIDENT (10/24)	2.00	Officer Director	$0	$0	$0
JAMES K KIRKLIN MD	DIRECTOR (10/24)	2.00	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	$935,575	$869,830	$1,132,013	$65,745
2023	$1,040,934	$1,004,439	$948,019	$36,495
2022	$771,594	$771,899	$876,101	$-305
2021	$847,267	$836,133	$1,054,429	$11,134
2020	$793,088	$784,421	$959,114	$8,667
2019	$975,823	$967,794	$889,858	$8,029
2018	$798,818	$771,576	$797,727	$27,242

CONGENITAL HEART SURGEONS' SOCIETY