EASTERN CARDIOTHORACIC SURGICAL SO… - Form 990 Financial Data

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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

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.

Program Service Accomplishments

Program 1

Expenses: $293,691 Revenue: $215,357

ANNUAL MEETING - SEMINARS TO EDUCATE AND STUDY INTRATHORACIC PHYSIOLOGY, PATHOLOGY AND THERAPY.

Program 2

Expenses: $14,206

PUBLICATIONS - INNOVATIONS: TECHNOLOGY AND TECHNIQUES IN CARDIOTHORACIC AND VASCULAR SURGERY IS THE FIRST JOURNAL WHOSE MAIN MISSION IS TO DISSEMINATE INFORMATION SPECIFICALLY ABOUT ADVANCES IN...

PUBLICATIONS - INNOVATIONS: TECHNOLOGY AND TECHNIQUES IN CARDIOTHORACIC AND VASCULAR SURGERY IS THE FIRST JOURNAL WHOSE MAIN MISSION IS TO DISSEMINATE INFORMATION SPECIFICALLY ABOUT ADVANCES IN TECHNOLOGY AND TECHNIQUES THAT LEAD TO LESS INVASIVE TREATMENT OF CARDIOTHORACIC AND VASCULAR DISEASE. IT DELIVERS CUTTING EDGE ORIGINAL RESEARCH, REVIEWS, ESSAYS, CASE REPORTS, AND EDITORIALS FROM THE PIONEERS AND EXPERTS IN THE FIELD OF MINIMALLY INVASIVE CARDIOTHORACIC AND VASCULAR DISEASE, INCLUDING BIOMEDICAL ENGINEERS.

Program 3

Expenses: $7,602

OFFICERS AND COMMITTEES - THE SOCIETY ASSEMBLES COMMITTEES TO HELP ORGANIZE AND OPERATE VARIOUS FUNCTIONS OF THE SOCIETY.

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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 $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

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
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

EASTERN CARDIOTHORACIC SURGICAL SOCIETY