PEDIATRIC INTERVENTIONAL CARDIAC S… - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2007

Legal Domicile

Principal Officer

DR ZIYAD HIJAZI

Phone

3129428990

Tax Period

2023-01-01 to 2023-12-31

PEDIATRIC INTERVENTIONAL CARDIAC SYMPOSIUM FOUNDATION, founded in 2007, is a community nonprofit in the Medical Research sector that reported $1.0M in total revenue in fiscal year 2023. Revenue fell 40% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $160K, a strong 16% operating margin.

Mission

TO EDUCATE PHYSICIANS AND HEALTHCARE PROFESSIONALS INVOLVED IN THE CARE OF CHILDREN AND ADULTS WITH CONGENITAL AND STRUCTURAL HEART DISEASE IN THE LATEST ADVANCES IN THE FIELD OF INTERVENTIONAL THERAPIES FOR CONGENITAL AND STRUCTURAL HEART DEFECTS.

Program Service Accomplishments

Program 1

Expenses: $772,051 Revenue: $515,930

ANNUAL SYMPOSIUM FOR HEALTHCARE PROFESSIONALS. THE PURPOSE OF THESYMPOSIUM IS TO EDUCATE PHYSICIANS AND HEALTHCARE PROFESSIONALSINVOLVED IN THE CARE OF CHILDREN AND ADULTS WITH CONGENITAL...

ANNUAL SYMPOSIUM FOR HEALTHCARE PROFESSIONALS. THE PURPOSE OF THESYMPOSIUM IS TO EDUCATE PHYSICIANS AND HEALTHCARE PROFESSIONALSINVOLVED IN THE CARE OF CHILDREN AND ADULTS WITH CONGENITAL ANDSTRUCTURAL HEART DISEASE IN THE LATEST ADVANCES IN THE FIELD OFINTERVENTIONAL THERAPIES FOR CONGENITAL AND STRUCTURAL HEARTDEFECTS. THE MAIN ACTIVITY OF THE FOUNDATION IS AN ANNUALEDUCATIONAL CONFERENCE. IN 2023 THE FOUNDATION HELD TWO SEPARATE CONFERENCES: (1) PICS SYMPOSIUM 2023 IN WASHINGTON, DC, AND (2) PICSISTANBUL 2023 IN ISTANBUL TURKEY.

Program 2

Revenue: $25,535

MEMBERSHIP DUES. PICS SOCIETY. THE MISSION OF THE PICS SOCIETY IS TO PROMOTE THE HIGHEST QUALITY CARE GLOBALLY FOR INFANTS, CHILDREN AND ADULTS WITH CONGENITAL HEART DISEASE THROUGH MINIMALLY...

MEMBERSHIP DUES. PICS SOCIETY. THE MISSION OF THE PICS SOCIETY IS TO PROMOTE THE HIGHEST QUALITY CARE GLOBALLY FOR INFANTS, CHILDREN AND ADULTS WITH CONGENITAL HEART DISEASE THROUGH MINIMALLY INVASIVE TECHNIQUES AND TO FURTHER KNOWLEDGE AND SKILLS OF ALL INVOLVED, FOSTERING RESEARCH, EDUCATION AND ADVOCACY. AMONG THE MANY GOALS OF THE SOCIETY ARE PROMOTING EARLY CAREER DEVELOPMENT; ADVOCATING FOR PATIENTS; ENGAGING NURSES, TECHNOLOGISTS & OTHER MEDICAL PROFESSIONALS; EXPANDING EDUCATIONAL OFFERINGS; AND ESTABLISHING GUIDELINES FOR QUALITY IN THE FIELD.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $459,000

Program Service Revenue $541,465

Investment Income $115

Other Revenue $0

TOTAL REVENUE $1,000,580

Expense Breakdown

Grants Paid $100

Salaries & Benefits $47,740

Fundraising Expenses $0

Program Expenses $772,051

Other Expenses $792,505

TOTAL EXPENSES $840,345

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,000,580	$1,663,330	-0.4%
Expenses	$840,345	$1,926,181	-0.6%
Net Income	$160,235	$-262,851	-1.6%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$47,740

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ZIYAD M HIJAZI MD	DIRECTOR / PRESIDENT	5.00	Officer Director	$0	$0	$0
CARLOS AC PEDRA MD	DIRECTOR	1.00	Director	$0	$0	$0
KIM RAY RN	DEPUTY EXECUTIVE DIRECTOR	15.00	Director	$27,740	$0	$27,740
MICHALEEN WALLIG	FINANCIAL DIRECTOR	10.00	Director	$14,000	$0	$14,000
DR DAMIEN KENNY	DIRECTOR / VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
LEE BENSON MD	DIRECTOR	1.00	Director	$0	$0	$0
MARIO CARMINATI MD	DIRECTOR	1.00	Director	$0	$0	$0
BHARAT DALVI MD	DIRECTOR / TREASURER	1.00	Officer Director	$0	$0	$0
JACQUELINE KREUTZER MD	DIRECTOR / SECRETARY	1.00	Officer Director	$0	$0	$0
NORM LINSKY	EXECUTIVE DIRECTOR	20.00	Director	$6,000	$0	$6,000
FRANK ING MD	BOARD MEMBER	1.00	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	$1,000,580	$840,345	$1,383,466	$160,235
2022	$1,663,330	$1,926,181	$1,223,651	$-262,851
2021	$1,527,168	$1,500,025	$1,486,104	$27,143
2020	$747,948	$316,860	$1,458,942	$431,088
2019	$1,726,772	$1,902,806	$1,027,848	$-176,034
2018	$1,581,317	$1,710,162	$1,204,498	$-128,845

PEDIATRIC INTERVENTIONAL CARDIAC SYMPOSIUM FOUNDATION