CARDIOVASCULAR RESEARCH FOUNDATION OF SOUTHERN CALIFORNIA (EIN 204100028) - 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

2006

Legal Domicile

Principal Officer

RONALD KARLSBERG MD

Phone

3109235189

Tax Period

2023-01-01 to 2023-12-31

CARDIOVASCULAR RESEARCH FOUNDATION OF SOUTHERN CALIFORNIA, founded in 2006, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.1M in total revenue in fiscal year 2023. Revenue surged 102% from the prior year, signaling strong growth momentum. The organization ran a surplus of $535K, a strong 47% operating margin.

Mission

TO FUND, SUPPORT AND CONDUCT INNOVATIVE RESEARCH AND EDUCATION FOR THE ADVANCEMENT OF THE DIAGNOSIS AND TREATMENT OF CARDIOVASCULAR DISEASE.

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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 $788,365

Program Service Revenue $236,143

Investment Income $103,677

Other Revenue $0

TOTAL REVENUE $1,128,185

Expense Breakdown

Grants Paid $35,500

Salaries & Benefits $354,543

Fundraising Expenses $57,386

Program Expenses $461,758

Other Expenses $202,890

TOTAL EXPENSES $592,933

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,128,185	$559,378	+1.0%
Expenses	$592,933	$612,478	0.0%
Net Income	$535,252	$-53,100	-11.1%

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

$144,250

Total Directors

$144,250

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RONALD P KARLSBERG MD	CEO/PRESIDENT	10.00	Officer Director	$50,000	$0	$50,000
ELI GANG MD	VICE PRESIDENT	5.00	Officer Director	$30,000	$0	$30,000
GARY HAMPAR	CFO/TREASURER	1.00	Officer Director	$4,750	$0	$4,750
PEGGY C FRANK	SECRETARY/EXECUTIVE DIRECT	10.00	Officer Director	$59,500	$0	$59,500
BAHADOR MAHBOUBI	DIRECTOR	0.00	Director	$0	$0	$0
BEVERLY COHEN	DIRECTOR	0.00	Director	$0	$0	$0
BRYAN LEWITT	DIRECTOR	0.00	Director	$0	$0	$0
CARLOS QUESADA MD	DIRECTOR	0.00	Director	$0	$0	$0
CONSTANCE TOWERS GAVIN	DIRECTOR	0.00	Director	$0	$0	$0
DAN STERN	DIRECTOR	0.00	Director	$0	$0	$0
DARYOUSH MAHBOUBI-FARDI	DIRECTOR	0.00	Director	$0	$0	$0
D GREGORY SCOTT	DIRECTOR	0.00	Director	$0	$0	$0
EDDIE KANDELA	DIRECTOR	0.00	Director	$0	$0	$0
LARRY GOLD	DIRECTOR	0.00	Director	$0	$0	$0
MARTIN WOLFF	DIRECTOR	0.00	Director	$0	$0	$0
MAURICE LEWITT	DIRECTOR	0.00	Director	$0	$0	$0
MICHAEL WEINPER	DIRECTOR	0.00	Director	$0	$0	$0
MOE NOZARI	DIRECTOR	0.00	Director	$0	$0	$0
PETER RICH	DIRECTOR	0.00	Director	$0	$0	$0
TERESA Y FREEBORN	DIRECTOR	0.00	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	No data	No data	No data	No data
2023	$1,128,185	$592,933	$3,019,930	$535,252
2022	$559,378	$612,478	$2,375,503	$-53,100
2021	$1,248,951	$501,191	$2,440,050	$747,760
2020	$386,402	$347,220	$1,690,053	$39,182
2019	$262,903	$365,072	$1,649,077	$-102,169
2018	$1,389,213	$341,996	$1,729,164	$1,047,217

CARDIOVASCULAR RESEARCH FOUNDATION OF SOUTHERN CALIFORNIA