FOUNDATION FOR ADVANCED CARDIOVASCULAR EDUCATION AND TRAINING (EIN 263122805) - 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

2015

Legal Domicile

Principal Officer

KATHRYN HOBBS

Phone

9728327752

Tax Period

2024-01-01 to 2024-12-31

FOUNDATION FOR ADVANCED CARDIOVASCULAR EDUCATION AND TRAINING, founded in 2015, is a community nonprofit in the Mental Health sector that reported $2.0M in total revenue in fiscal year 2024. Revenue surged 50% from the prior year, signaling strong growth momentum. Expenses of $2.4M exceeded revenue, resulting in a 19% operating deficit.

Mission

THE FOUNDATION'S TAX EXEMPT PURPOSE IS TO CONDUCT MEDICAL EDUCATIONAL MEETINGS FOR PHYSICIANS, FELLOWS AND ALLIED HEALTH PROFESSIONALS IN THE FIELD OF CARDIOVASCULAR MEDICINE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,776,012

Program Service Revenue $264,771

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,040,783

Expense Breakdown

Grants Paid $786,258

Salaries & Benefits $436,934

Fundraising Expenses $0

Program Expenses $1,578,319

Other Expenses $1,206,409

TOTAL EXPENSES $2,429,601

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,040,783	$1,363,207	+0.5%
Expenses	$2,429,601	$1,331,528	+0.8%
Net Income	$-388,818	$31,679	-13.3%

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

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

$177,246

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHRYN HOBBS	DIRECTOR	15.00	Officer	$177,246	$0	$177,246
DAVID L BROWN MD	DIRECTOR	1.00	Officer	$0	$0	$0
MICHAEL J MACK	DIRECTOR	1.00	Officer	$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	$2,040,783	$2,429,601	$547,744	$-388,818
2023	$1,363,207	$1,331,528	$940,611	$31,679
2022	$868,230	$765,433	$883,002	$102,797
2021	$753,901	$502,996	$780,205	$250,905
2020	$461,553	$561,788	$529,300	$-100,235
2019	$943,544	$1,116,158	$629,535	$-172,614
2018	$883,705	$439,895	$802,149	$443,810

FOUNDATION FOR ADVANCED CARDIOVASCULAR EDUCATION AND TRAINING