THE STERN CARDIOVASCULAR FOUNDATION INC (EIN 274396698) - 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

2010

Legal Domicile

Principal Officer

STEVEN S GUBIN MD

Phone

9012712210

Tax Period

2023-10-01 to 2024-09-30

THE STERN CARDIOVASCULAR FOUNDATION INC, founded in 2010, is a mid-sized nonprofit in the Health Care sector that reported $61.3M in total revenue in fiscal year 2023. Expenses of $110.6M exceeded revenue, resulting in a 80% operating deficit.

Mission

THE STERN CARDIOVASCULAR FOUNDATION, INC.'S MISSION IS TO PROMOTE COMMUNITY HEALTH THROUGH THE PROVISION OF HEALTH CARE SERVICES AND ESTABLISH, EQUIP, AND MAINTAIN GEOGRAPHICALLY DISPERSED OUTPATIENT CLINIC LOCATIONS AT WHICH SUCH SERVICES WILL BE PROVIDED.

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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 $0

Program Service Revenue $60,521,641

Investment Income $110,902

Other Revenue $638,376

TOTAL REVENUE $61,270,919

Expense Breakdown

Grants Paid $0

Salaries & Benefits $89,290,534

Fundraising Expenses $0

Program Expenses $103,646,141

Other Expenses $21,298,630

TOTAL EXPENSES $110,589,164

Year-over-Year Comparison

	2023	2022	Change
Revenue	$61,270,919	$58,783,358	+0.0%
Expenses	$110,589,164	$100,610,776	+0.1%
Net Income	$-49,318,245	$-41,827,418	+0.2%

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

595

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

$4,067,133

Total Directors

$16,210,715

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TODD D EDWARDS MD	PHYSICIAN/DIRECTOR	40.00	Director	$2,072,654	$93,285	$2,165,939
STEVEN S GUBIN MD	PHYSICIAN/PRESIDENT/EX-OFFICIO	40.00	Officer Director	$1,936,311	$76,034	$2,012,345
ARSALAN SHIRWANY MD	PHYSICIAN/DIRECTOR (AS OF 01/24)	40.00	Director	$1,804,992	$74,362	$1,879,354
ARIE SZATKOWSKI MD	PHYSICIAN/DIRECTOR	38.85	Director	$1,479,030	$92,002	$1,571,032
CHRISTOPHER INGELMO MD	PHYSICIAN/DIRECTOR	40.00	Director	$1,328,805	$90,987	$1,419,792
GARY C ANDERSON	DIRECTOR	0.17	Director	$0	$88,606	$1,300,745
MARK E SWANSON MD	DIRECTOR	0.17	Director	$0	$24,823	$1,220,645
MARK COPPESS MD	PHYSICIAN/DIRECTOR	40.00	Director	$1,126,907	$85,264	$1,212,171
JOHN S GARDNER MD	PHYSICIAN/DIRECTOR	40.00	Director	$1,003,337	$81,103	$1,084,440
JEFFREY KERLAN MD	PHYSICIAN/DIRECTOR	40.00	Director	$881,335	$79,549	$960,884
BASIL PAULUS MD	PHYSICIAN/DIRECTOR	40.00	Director	$780,810	$76,546	$857,356
JUSTIN RHODES	DIRECTOR (AS OF 09/24)	0.17	Director	$0	$84,677	$526,012
GREGORY M DUCKETT	SECRETARY	0.17	Officer	$0	$90,318	$1,346,501
DEBORAH EDDLESTONE	CEO	40.00	Officer	$364,458	$67,453	$431,911
MELISSA REAVES	CFO	40.00	Officer	$223,200	$53,176	$276,376
DAVID Z LAN MD	PHYSICIAN	40.00	Highest	$1,656,702	$94,260	$1,750,962
DHARMESH PATEL MD	PHYSICIAN	40.00	Highest	$1,620,260	$96,197	$1,716,457
JUSTIN MAY MD	PHYSICIAN	40.00	Highest	$1,557,128	$64,003	$1,621,131
AMIT MALHOTRA MD	PHYSICIAN	40.00	Highest	$1,451,999	$63,625	$1,515,624
MARK STRONG MD	PHYSICIAN	40.00	Highest	$1,439,254	$75,784	$1,515,038

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	$61,270,919	$110,589,164	$17,815,133	$-49,318,245
2023	$58,783,358	$100,610,776	$19,498,337	$-41,827,418
2022	$54,308,920	$93,808,956	$22,108,211	$-39,500,036
2021	$54,640,164	$88,777,836	$22,808,738	$-34,137,672
2020	$49,543,413	$81,851,913	$17,127,426	$-32,308,500
2019	$47,287,345	$73,915,939	$10,623,044	$-26,628,594
2018	$45,509,922	$71,429,423	$9,944,546	$-25,919,501

THE STERN CARDIOVASCULAR FOUNDATION INC