ILLINOIS CHAPTER OF THE AMERICAN COLLEGE OF CARDIOLOGY (EIN 363740744) - 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

1991

Legal Domicile

Principal Officer

DAVE CHUA

Phone

6309728400

Tax Period

2024-01-01 to 2024-12-31

ILLINOIS CHAPTER OF THE AMERICAN COLLEGE OF CARDIOLOGY, founded in 1991, is a small nonprofit that reported $306K in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $274K left a modest 10% surplus.

Mission

TO PROMOTE OPTIMAL CARDIOVASCULAR CARE AND DISEASE PREVENTION THROUGH PUBLIC AND PROFESSIONAL EDUCATION, PROMOTION OF RESEARCH, LEADERSHIP IN THE DEVELOPMENT OF STANDARDS AND GUIDELINES AND THE FORMULATION OF HEALTH CARE POLICY.

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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 $111,823

Program Service Revenue $187,100

Investment Income $6,782

Other Revenue $0

TOTAL REVENUE $305,705

Expense Breakdown

Grants Paid $6,889

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $140,507

Other Expenses $266,866

TOTAL EXPENSES $273,755

Year-over-Year Comparison

	2024	2023	Change
Revenue	$305,705	$274,121	+0.1%
Expenses	$273,755	$288,449	-0.1%
Net Income	$31,950	$-14,328	-3.2%

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

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BEN FREED MD	PRESIDENT	1.00	Officer Director	$0	$0	$0
ANNABELLE VOLGMAN MD	IMMEDIATE PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
DAVID CHUA MD	TREASURER	1.00	Officer Director	$0	$0	$0
NAUSHEEN AKHTER MD	DIRECTOR	1.00	Director	$0	$0	$0
MAMATA ALWARSHETTY MD	DIRECTOR	1.00	Director	$0	$0	$0
VENKATESH ANJAN MD	DIRECTOR	1.00	Director	$0	$0	$0
JEANNE DECARA MD	DIRECTOR	1.00	Director	$0	$0	$0
JOHN ERWIN MD	DIRECTOR	1.00	Director	$0	$0	$0
ALEXANDER FRALEY MD	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL HUSHION MD	DIRECTOR	1.00	Director	$0	$0	$0
RAMESH KASHINATH MD	DIRECTOR	1.00	Director	$0	$0	$0
MENHEL KINNO MD	DIRECTOR	1.00	Director	$0	$0	$0
PHILIP KRAUSE MD	DIRECTOR	1.00	Director	$0	$0	$0
ABISHEK KULKARNI MD	DIRECTOR	1.00	Director	$0	$0	$0
TOCHI OKWUOSA DO	DIRECTOR	1.00	Director	$0	$0	$0
NATALIYA PYSLAR MD	DIRECTOR	1.00	Director	$0	$0	$0
BHARATH RAJAGOPALAN MD	DIRECTOR	1.00	Director	$0	$0	$0
MAHESH RAJU MD	DIRECTOR	1.00	Director	$0	$0	$0
PETER SANTUCCI MD	DIRECTOR	1.00	Director	$0	$0	$0
SEAN SWEARINGEN MD	DIRECTOR	1.00	Director	$0	$0	$0
MEECHAI TESSALEE MD	DIRECTOR	1.00	Director	$0	$0	$0
PETER TOTH MD	DIRECTOR	1.00	Director	$0	$0	$0
MELISSA TRACY MD	DIRECTOR	1.00	Director	$0	$0	$0
PATRICIA VASSALLO MD	DIRECTOR	1.00	Director	$0	$0	$0

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	$305,705	$273,755	$500,398	$31,950
2023	$274,121	$288,449	$465,094	$-14,328
2022	$380,289	$353,602	$510,548	$26,687
2020	$151,601	$125,894	$502,701	$25,707
2018	$203,330	$181,380	$428,517	$21,950

ILLINOIS CHAPTER OF THE AMERICAN COLLEGE OF CARDIOLOGY