LOURDES CARDIOLOGY SERVICES PC

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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

Principal Officer

ROBERT M SEGIN

Phone

8563550620

Tax Period

2024-01-01 to 2024-12-31

LOURDES CARDIOLOGY SERVICES PC, founded in 2010, is a mid-sized nonprofit in the Health Care sector that reported $15.2M in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion.

Mission

THE PHYSICIANS OF LOURDES CARDIOLOGY SERVICES (LCS) SHARE A COMMON PHILOSOPHY IN ALL THEY DO: TO CREATE AN OUTSTANDING EXPERIENCE FOR PATIENTS. LCS'S HIGHLY-TRAINED PHYSICIANS AND MEDICAL STAFF ARE CONVENIENTLY LOCATED THROUGHOUT SOUTH JERSEY IN ATLANTIC, BURLINGTON, CAMDEN, AND GLOUCESTER COUNTIES. LCS PHYSICIANS, AS PART OF VIRTUA HEALTH, THE LEADING HEALTHCARE SYSTEM IN SOUTH JERSEY HAVE ACCESS TO VIRTUA'S OUTSTANDING FACILITIES AS WELL AS SOME OF THE BEST MEDICAL TECHNOLOGY AVAILABLE.

Program Service Accomplishments

Program 1

Expenses: $15,231,996 Revenue: $15,231,996

LOURDES CARDIOLOGY SERVICES PROVIDES PATIENT-FOCUSED, STATE-OF-THE-ART TREATMENT OF NON INVASIVE CARDIOLOGY AND INTERVENTIONAL CARDIOLOGY. THROUGH THESE HIGHLY SPECIALIZED SERVICES, LCS TREATS...

LOURDES CARDIOLOGY SERVICES PROVIDES PATIENT-FOCUSED, STATE-OF-THE-ART TREATMENT OF NON INVASIVE CARDIOLOGY AND INTERVENTIONAL CARDIOLOGY. THROUGH THESE HIGHLY SPECIALIZED SERVICES, LCS TREATS CORONARY AND PERIPHERAL ARTERY DISEASE, STRUCTURAL HEART DISEASE, CONGESTIVE HEART FAILURE IN THE INPATIENT AND OUTPATIENT SETTING AND THROUGH CARDIAC RESEARCH STUDIES.

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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 $0

Program Service Revenue $15,231,996

Investment Income $0

Other Revenue $0

TOTAL REVENUE $15,231,996

Expense Breakdown

Grants Paid $0

Salaries & Benefits $15,136,141

Fundraising Expenses $0

Program Expenses $15,231,996

Other Expenses $95,855

TOTAL EXPENSES $15,231,996

Year-over-Year Comparison

	2024	2023	Change
Revenue	$15,231,996	$13,137,075	+0.2%
Expenses	$15,231,996	$13,137,075	+0.2%
Net Income	$0	$0	N/A

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

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

$1,406,709

Total Directors

$1,765,624

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEROME HORWITZ	TRUSTEE; PHYSICIAN	40.10	Director	$523,162	$58,528	$581,690
SURENDRA BAGARIA	TRUSTEE; PHYSICIAN	40.10	Director	$505,723	$58,604	$564,327
TROY RANDLE	TRUSTEE; PHYSICIAN	40.10	Director	$601,788	$17,819	$619,607
ROBERT M SEGIN	EVP/CFO	0.10	Officer	$0	$47,568	$1,406,709
GARY BURKE	PHYSICIAN	40.00	Highest	$721,767	$56,615	$778,382
PETER BULIK	PHYSICIAN	40.00	Highest	$726,302	$70,092	$796,394
RAMNEET WADEHRA	PHYSICIAN	40.00	Highest	$729,417	$70,092	$799,509
TIMOTHY MORRIS	PHYSICIAN	40.00	Highest	$765,468	$49,835	$815,303
DELCINE SOOD	PHYSICIAN	40.00	Highest	$708,455	$58,308	$766,763
ALAN POPE	VP & CMO	0.00		$0	$55,737	$633,605
JOHN M MATSINGER	EVP/COO	0.00		$0	$51,558	$1,754,395

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	$15,231,996	$15,231,996	$1,229,844	No data
2023	$13,137,075	$13,137,075	$842,378	No data
2022	$13,568,746	$13,568,746	$770,558	No data
2021	$14,562,644	$14,562,644	$93,350	No data
2020	$17,998,950	$20,954,759	$289,096	$-2,955,809
2018	$26,539,189	$46,465,765	$2,441,794	$-19,926,576