EASTERN CARDIOTHORACIC SURGICAL SOCIETY

EIN: 251668436 501(c)(3)

BEVERLY, MA

Total Revenue
$416,837
Total Expenses
$363,791
Total Assets
$369,139
Net Assets
$369,139
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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
1992
Legal Domicile
PA
Principal Officer
AFRICA F WALLACE MD
Phone
9789278330
Tax Period
2023-01-01 to 2023-12-31

EASTERN CARDIOTHORACIC SURGICAL SOCIETY, founded in 1992, is a small nonprofit that reported $417K in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $364K left a modest 13% surplus.

Mission

TO FOSTER EDUCATION AND THE STUDY OF INTRATHORACIC PHYSIOLOGY, PATHOLOGY AND THERAPY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $198,625
Program Service Revenue $215,357
Investment Income $2,855
Other Revenue $0
TOTAL REVENUE $416,837

Expense Breakdown

Grants Paid $7,341
Salaries & Benefits $0
Fundraising Expenses $2,745
Program Expenses $315,499
Other Expenses $356,450
TOTAL EXPENSES $363,791

Year-over-Year Comparison

2023 2022 Change
Revenue $416,837 $344,071 +0.2%
Expenses $363,791 $369,731 0.0%
Net Income $53,046 $-25,660 -3.1%
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

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Governance

Voting Members
25
Independent Members
25
Employees
N/A
Volunteers
60

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
5
$0
Total Directors
25
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AFRICA F WALLACE MD PRESIDENT/VI 1.00
Officer Director
$0 $0 $0
SPENCER MELBY MD VICE PRES/TR 1.00
Officer Director
$0 $0 $0
JOHN LAZAR MD TREASURER/SE 1.00
Officer Director
$0 $0 $0
BENJAMIN HAITHCOCK MD SECRETARY/CO 1.00
Officer Director
$0 $0 $0
DORAID JARRAR MD IMMEDIATE PA 1.00
Officer Director
$0 $0 $0
MUHAMMAD AFTAB MD PROG CHAIR/C 1.00
Director
$0 $0 $0
IBRAHIM SULTAN MD CARDIAC CHIE 1.00
Director
$0 $0 $0
THOMAS CARANASOS MD CARDIAC CHIE 1.00
Director
$0 $0 $0
ROMAN PETROV MD THORACIC CHI 1.00
Director
$0 $0 $0
SAI YENDAMURI MD THORACIC CHI 1.00
Director
$0 $0 $0
TYLER WALLEN DO MEM. COMM. C 1.00
Director
$0 $0 $0
HASSAN KHALIL MD RES. INN. CO 1.00
Director
$0 $0 $0
DARRYL WEIMAN MD JD STD AND ETHI 1.00
Director
$0 $0 $0
CHARLES BAKHOS MD CAREER DEV C 1.00
Director
$0 $0 $0
ANDREA WOLF MD JUSTICE COMM 1.00
Director
$0 $0 $0
JULIAN GUITRON MD SOC. MEDIA C 1.00
Director
$0 $0 $0
PANOS VARDAS MD PREPROG CHAI 1.00
Director
$0 $0 $0
AUNDREA OLIVER MD COUNCILOR/TH 1.00
Director
$0 $0 $0
HUZAIFA SHAKIR MD FACS COUNCILOR/ST 1.00
Director
$0 $0 $0
KATY A MARINO MD COUNCILOR-AT 1.00
Director
$0 $0 $0
AFSHIN EHSAN MD COUNCILOR-AT 1.00
Director
$0 $0 $0
SHARON BEN-OR MD PAST PRESIDE 1.00
Director
$0 $0 $0
T SLOANE GUY MD MBA MEM. COM. CH 1.00
Director
$0 $0 $0
LOUIS STEIN MD PHD RESEARCH CH. 1.00
Director
$0 $0 $0
JAMES SPEICHER MD COUN-AT-LRG 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 $416,837 $363,791 $369,139 $53,046
2022 $344,071 $369,731 $305,519 $-25,660
2021 $314,815 $263,844 $356,650 $50,971
2019 $322,274 $199,096 $426,014 $123,178
2018 $210,121 $193,109 $302,836 $17,012
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