ACCREDITATION FOR CARDIOVASCULAR EXCELLENCE INC

EIN: 261235458 501(c)(3) Medical Research

Midlothian, VA

Total Revenue
$339,930
Total Expenses
$252,008
Total Assets
$800,331
Net Assets
$746,779
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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
2010
Legal Domicile
VA
Phone
8046399213
Tax Period
2023-01-01 to 2023-12-31

ACCREDITATION FOR CARDIOVASCULAR EXCELLENCE INC, founded in 2010, is a small nonprofit in the Medical Research sector that reported $340K 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 $88K, a strong 26% operating margin.

Mission

The organization is a nonprofit whose mission is to ensure high-quality patient care and promote patient safety in facilities where invasive cardiac and endovascular procedures are performed. The organization will achieve its mission by setting standards for quality care establishing requirements for accreditation and providing peer review for cardiac and endovascular programs. The organization will also provide tools and resources to support self evaluation and quality improvement.

Program Service Accomplishments

Program 1
Expenses: $252,008 Revenue: $339,930

the orgnanization provides professional review of facilities where invasive cardiac and endovascular procedures are performed and accredits those that achieve predetermined benchmarks for quality...

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the orgnanization provides professional review of facilities where invasive cardiac and endovascular procedures are performed and accredits those that achieve predetermined benchmarks for quality care. The organization's accreditation programs currently include programs that deliver angiography to diagnose blocked arteries angioplasty stenting to treat blockages in their arteries of the heart as well as blockages in the arteries of the neck. The organization has plans to expand to accredit programs for other cardiovascular procedures.

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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 $0
Program Service Revenue $339,930
Investment Income $0
Other Revenue $0
TOTAL REVENUE $339,930

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $252,008
Other Expenses $252,008
TOTAL EXPENSES $252,008

Year-over-Year Comparison

2023 2022 Change
Revenue $339,930 $568,149 -0.4%
Expenses $252,008 $203,248 +0.2%
Net Income $87,922 $364,901 -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

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
7

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
$20,259
Total Directors
5
$20,259
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Bonnie Weiner Chief Medical Officer 5.00
Officer Director
$20,259 $0 $20,259
Jeff Marshall Director 1.00
Officer Director
$0 $0 $0
Joaquin Cigarroa Director 1.00
Officer Director
$0 $0 $0
Michael Cowley Director 1.00
Officer Director
$0 $0 $0
Peggy McElgunn CEO 1.00
Officer 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
2023 $339,930 $252,008 $800,331 $87,922
2022 $568,149 $203,248 $755,512 $364,901
2021 $727,611 $323,610 $832,987 $404,001
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