THE SOCIETY OF THORACIC SURGEONS (EIN 363022713) - 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

1971

Legal Domicile

Phone

3122025800

Tax Period

2024-01-01 to 2024-12-31

THE SOCIETY OF THORACIC SURGEONS, founded in 1971, is a mid-sized nonprofit that reported $27.8M in total revenue in fiscal year 2018. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $25.5M left a modest 8% surplus.

Mission

TO IMPROVE THE LIVES OF PATIENTS WITH CARDIOTHORACIC DISEASES THROUGH LEADERSHIP, QUALITY, INNOVATION, COLLABORATION, AND INCLUSION.

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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 $1,323,882

Program Service Revenue $29,849,092

Investment Income $4,518,860

Other Revenue $6,422,614

TOTAL REVENUE $42,114,448

Expense Breakdown

Grants Paid $1,036,624

Salaries & Benefits $15,608,827

Fundraising Expenses $0

Program Expenses $0

Other Expenses $20,617,082

TOTAL EXPENSES $37,262,533

Year-over-Year Comparison

	2024	2023	Change
Revenue	$42,114,448	$37,623,250	+0.1%
Expenses	$37,262,533	$35,531,177	+0.0%
Net Income	$4,851,915	$2,092,073	+1.3%

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

400

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

$1,035,362

Total Directors

$17,500

Key Employees

$3,461,952

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jennifer C Romano	President	12.0	Officer Director	$8,000	$0	$8,000
John H Calhoon	IMT. Past President - THRU 01/2024	2.0	Officer Director	$0	$0	$0
Joseph F Sabik III	First Vice President	12.0	Officer Director	$1,000	$0	$1,000
Thomas E MacGillivray	Immediate Past President	2.0	Officer Director	$0	$0	$0
Vinod H Thourani	Treasurer	3.0	Officer Director	$1,000	$0	$1,000
Wilson Y Szeto	Secretary	12.0	Officer Director	$5,500	$0	$5,500
Alan D Sihoe	International Director	2.0	Director	$0	$0	$0
Alessandro Brunelli	International Director	2.0	Director	$0	$0	$0
Anthony L Estrera	Director-At-Large	2.0	Director	$0	$0	$0
Ara A Vaporciyan	Director-At-Large	2.0	Director	$0	$0	$0
David T Cooke	Director-At-Large - STARTED 01/2024	2.0	Director	$0	$0	$0
Gregory P Fontana	Director-At-Large	2.0	Director	$0	$0	$0
John D Mitchell	Treasurer-Elect	3.0	Director	$1,000	$0	$1,000
John T Kennedy III	Resident Director	2.0	Director	$0	$0	$0
Karen M Kim	Director-At-Large - STARTED 01/2024	2.0	Director	$0	$0	$0
Kevin D Accola	Director-At-Large - THRU 01/2024	2.0	Director	$0	$0	$0
Leah M Backhus	Director-At-Large	2.0	Director	$0	$0	$0
Marc Ruel	Canadian Director	2.0	Director	$0	$0	$0
Patrick O Myers	International Director	2.0	Director	$0	$0	$0
Sandra L Starnes	Director-At-Large - STARTED 01/2024	2.0	Director	$0	$0	$0
Stephanie M Fuller	Director-At-Large	2.0	Director	$0	$0	$0
Thomas G Gleason	Director-At-Large - THRU 01/2024	2.0	Director	$0	$0	$0
Vinay Badhwar	Second Vice President	3.0	Director	$1,000	$0	$1,000
Elaine Weiss	Executive Director	60.0	Officer	$934,351	$85,511	$1,019,862
Avidan Stern	General Counsel	40.0	Key Emp	$307,510	$46,989	$354,499
Charlie Simpson	Senior Vice President Marketing & Communication	40.0	Key Emp	$353,601	$66,360	$419,961
Derek Brandt	Vice President Government Relations	40.0	Key Emp	$262,514	$25,990	$288,504
Grahame Rush	Senior Vice President	50.0	Key Emp	$419,154	$67,606	$486,760
Jane Han	Vice President, Quality And Research	40.0	Key Emp	$245,489	$34,968	$280,457
Keith Bura	Vice President, Finance & Admin	40.0	Key Emp	$310,425	$40,566	$350,991
Robert Habib	Vice President, STS Research Center	40.0	Key Emp	$387,252	$56,742	$443,994
Scott Bradbury	Vice President, Education	40.0	Key Emp	$244,230	$59,426	$303,656
William Seward	Senior Vice President	50.0	Key Emp	$465,660	$67,470	$533,130
Colleen Donohoe	Vice President, Meetings And Conventions	40.0	Highest	$222,537	$32,575	$255,112
Haris Subacius	Associate Director, Database Analytics	40.0	Highest	$202,838	$20,449	$223,287
Kathryn Cummings	Director Of Communications	40.0	Highest	$196,500	$19,225	$215,725
Kevin Gilmartin	Director Of Information Technology	40.0	Highest	$179,212	$48,707	$227,919
Lee A Wiensch	TSF Executive Director	0.0	Highest	$176,106	$51,608	$227,714

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	$42,114,448	$37,262,533	$100,776,225	$4,851,915
2023	$37,623,250	$35,531,177	$85,516,274	$2,092,073
2022	$32,055,717	$31,839,675	$76,171,743	$216,042
2021	$30,556,358	$28,901,749	$85,174,703	$1,654,609
2020	$35,419,706	$28,938,987	$73,521,371	$6,480,719
2019	$34,526,959	$31,007,249	$69,890,330	$3,519,710
2018	$27,766,010	$25,452,687	$59,615,936	$2,313,323

THE SOCIETY OF THORACIC SURGEONS