UNIVERSITY CARDIOVASCULAR SURGICAL ASSOCIATES INC

EIN: 263750378 501(c)(3) Health Care

PROVIDENCE, RI

Total Revenue
$6,872,147
Total Expenses
$6,736,325
Total Assets
$1,020,035
Net Assets
$91,290
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
RI
Principal Officer
DR MARK CUNNINGHAM MD
Phone
4012747546
Tax Period
2024-10-01 to 2025-09-30

UNIVERSITY CARDIOVASCULAR SURGICAL ASSOCIATES INC, founded in 2008, is a community nonprofit in the Health Care sector that reported $6.9M in total revenue in fiscal year 2024.

Mission

THE CORPORATION IS ESTABLISHED FOR THE BENEFIT AND SUPPORT OF THE TEACHING, RESEARCH, AND PATIENT CARE MISSIONS OF THE DEPARTMENT OF SURGERY AND THE DIVISION OF CARDIOVASCULAR SURGERY AT VARIOUS UNIVERSITIES AND HOSPITALS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $6,871,829
Investment Income $318
Other Revenue $0
TOTAL REVENUE $6,872,147

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,556,880
Fundraising Expenses $27,794
Program Expenses $6,037,190
Other Expenses $3,179,445
TOTAL EXPENSES $6,736,325

Year-over-Year Comparison

2024 2023 Change
Revenue $6,872,147 $6,658,585 +0.0%
Expenses $6,736,325 $6,650,489 +0.0%
Net Income $135,822 $8,096 +15.8%
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
5
Independent Members
1
Employees
13
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
4
$2,868,445
Total Directors
6
$3,699,683
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARK CUNNINGHAM PRESIDENT 40.00
Director
$759,172 $72,066 $831,238
FRANK W SELLKE MD FORMER PRESIDENT 40.00
Officer Director
$735,993 $140,192 $876,185
AFSHIN EHSAN MD VICE PRESIDENT 40.00
Officer Director
$859,288 $138,023 $997,311
NEEL R SODHA MD SECRETARY/TREASURER 40.00
Officer Director
$876,521 $118,428 $994,949
DEAN ROYE MD TRUSTEE 1.00
Director
$0 $0 $0
AURORA PRYOR MD BOARD CHAIR 1.00
Officer Director
$0 $0 $0
JAMES FINGLETON MD PHYSICIAN 40.00
Highest
$297,368 $2,532 $299,900
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
2025 $6,872,147 $6,736,325 $1,020,035 $135,822
2024 $6,658,585 $6,650,489 $972,987 $8,096
2023 $5,437,223 $5,425,343 $978,903 $11,880
2022 $5,034,529 $5,001,999 $836,929 $32,530
2021 $4,910,217 $5,041,224 $724,620 $-131,007
2020 $4,580,612 $4,674,105 $803,878 $-93,493
2019 $4,526,648 $4,473,692 $505,614 $52,956
2018 $4,339,650 $4,414,587 $387,582 $-74,937
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