SOUTHERN THORACIC SURGICAL ASSOCIATION

EIN: 363181838

BEVERLY, MA

Total Revenue
$1,150,685
Total Expenses
$1,016,597
Total Assets
$3,154,743
Net Assets
$2,785,636
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1954
Legal Domicile
IL
Principal Officer
SHANDA BLACKMON MD
Phone
9789278330
Tax Period
2023-01-01 to 2023-12-31

SOUTHERN THORACIC SURGICAL ASSOCIATION, founded in 1954, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2023. Revenue surged 423% from the prior year, signaling strong growth momentum. Expenses of $1.0M left a modest 12% surplus.

Mission

TO ADVANCE PATIENT CARE, STRENGTHEN OUR CARDIOTHORACIC SURGERY COMMUNITY, AND ENGAGE OUR FAMILIES BY FOSTERING A CULTURE OF COLLEGIALITY AND LIFE BALANCE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $828,972
Investment Income $68,411
Other Revenue $253,302
TOTAL REVENUE $1,150,685

Expense Breakdown

Grants Paid $66,591
Salaries & Benefits $25,000
Fundraising Expenses $0
Other Expenses $925,006
TOTAL EXPENSES $1,016,597

Year-over-Year Comparison

2023 2022 Change
Revenue $1,150,685 $220,048 +4.2%
Expenses $1,016,597 $547,886 +0.9%
Net Income $134,088 $-327,838 -1.4%
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
12
Independent Members
12
Employees
N/A
Volunteers
80

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
7
$25,000
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DANIEL L MILLER MD PRESIDENT 3.00
Officer Director
$0 $0 $0
VINOD H THOURANI MD COUNCIL CHAIR 0.50
Officer Director
$0 $0 $0
JEFFREY P JACOBS MD PAST COUNCIL CHAIR 0.50
Officer Director
$0 $0 $0
STEPHEN C YANG MD VICE PRESIDENT/ PRESIDENT-ELECT 1.50
Officer Director
$0 $0 $0
SHANDA H BLACKMON MD SECRETARY/TREASURER 3.00
Officer Director
$0 $0 $0
SCOTT A LEMAIRE MD DIRECTOR OF CME 0.50
Director
$0 $0 $0
CONSTANTINE MAVROUDIS MD HISTORIAN 0.50
Director
$0 $0 $0
OURANIA PREVENTZA MD COUNCILOR 0.50
Director
$0 $0 $0
JAMES J GANGEMI MD COUNCILOR 0.50
Director
$0 $0 $0
DANIELA MOLENA MD COUNCILOR 0.50
Director
$0 $0 $0
MELANIE EDWARDS MD SECOND VICE PRESIDENT 1.50
Officer Director
$0 $0 $0
LAURA MEDEK EXECUTIVE DIRECTOR 40.00
Officer
$25,000 $0 $25,000
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 No data No data No data No data
2023 $1,150,685 $1,016,597 $3,154,743 $134,088
2022 $220,048 $547,886 $2,692,126 $-327,838
2021 $1,223,075 $878,031 $3,422,418 $345,044
2020 $226,958 $304,012 $2,823,987 $-77,054
2019 $849,696 $701,630 $2,668,258 $148,066
2018 $730,539 $635,374 $2,669,945 $95,165
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