Heart Surgeons of Kansas City Inc

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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

2009

Legal Domicile

Phone

8169313312

Tax Period

2023-01-01 to 2023-12-31

Heart Surgeons of Kansas City Inc, founded in 2009, is a mid-sized nonprofit in the Health Care sector that reported $18.3M in total revenue in fiscal year 2023.

Mission

Heart Surgeons of Kansas City, Inc. was formed for the purpose of providing heart and vascular surgery to patients and related medical services through its employed surgeons.

Program Service Accomplishments

Program 1

Expenses: $17,210,641 Revenue: $7,055,765

HSKC was formed for the purpose of providing heart and vascular surgery to patients. Heart Surgeons of Kansas City, Inc. (HSKC), serves as an extension of Saint Luke's Hospital of Kansas City. HSKC and Saint Luke's Hospital of Kansas City are both integral parts of a large healthcare system serving the greater Kansas City area, of which Saint Luke's Health System, Inc. serves as the parent organization. HSKC transplant volumes in the past decade rank among the top 15 heart transplant programs in the nation AND OUR OUTCOMES CONSISTENTLY SURPASS NATIONAL BENCHMARKS. HSKC PERFORMS MINIMALLY INVASIVE AND ROBOTIC ASSISTED SURGERIES, PARTICIPATES IN MEDICAL RESEARCH AND FEATURES THE REGION'S LONGEST CONTINUOUSLY ACTIVE ADULT HEART TRANSPLANT PROGRAM. HSKC HAS A FINANCIAL ASSISTANCE POLICY THAT COVERS PATIENTS WITHOUT ADEQUATE MEANS TO PAY FOR CARE. HSKC ALSO BENEFITS THE COMMUNITY AS A PROVIDER UNDER MEDICARE AND MEDICAID.

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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 $11,214,216

Program Service Revenue $7,055,765

Investment Income $63,115

Other Revenue $0

TOTAL REVENUE $18,333,096

Expense Breakdown

Grants Paid $0

Salaries & Benefits $16,886,302

Fundraising Expenses $0

Program Expenses $17,210,641

Other Expenses $1,416,347

TOTAL EXPENSES $18,302,649

Year-over-Year Comparison

	2023	2022	Change
Revenue	$18,333,096	$17,845,774	+0.0%
Expenses	$18,302,649	$17,833,731	+0.0%
Net Income	$30,447	$12,043	+1.5%

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

N/A

Employees

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

$2,908,620

Total Directors

$5,110,524

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	VICE PRESIDENT-DIRECTOR & CFO	5.0	Officer Director	$0	$116,506	$676,142
N/A	SECR/TREAS-DIRECTOR	1.0	Officer Director	$0	$95,784	$624,181
N/A	DIRECTOR & VP	13.0	Officer Director	$0	$69,388	$307,231
N/A	PRESIDENT-DIRECTOR	1.0	Officer Director	$0	$139,876	$1,301,066
N/A	DIRECTOR & EMPLOYED PHYSICIAN	40.0	Director	$1,307,996	$54,898	$1,362,894
N/A	DIRECTOR & EMPLOYED PHYSICIAN	40.0	Director	$784,624	$54,386	$839,010
N/A	PHYSICIAN	40.0	Highest	$1,215,574	$29,845	$1,245,419
N/A	PHYSICIAN	40.0	Highest	$1,214,458	$38,144	$1,252,602
N/A	PHYSICIAN	40.0	Highest	$1,212,265	$52,005	$1,264,270
N/A	PHYSICIAN	40.0	Highest	$1,215,318	$44,205	$1,259,523
N/A	PHYSICIAN	40.0	Highest	$1,097,152	$15,879	$1,113,031

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	$18,333,096	$18,302,649	$2,001,151	$30,447
2022	$17,845,774	$17,833,731	$2,003,597	$12,043