AMERICAN BOARD OF THORACIC SURGERY INC (EIN 364111028) - 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

1996

Legal Domicile

Principal Officer

CAMERON D WRIGHT

Phone

3122025900

Tax Period

2023-01-01 to 2023-12-31

AMERICAN BOARD OF THORACIC SURGERY INC, founded in 1996, is a community nonprofit that reported $2.9M in total revenue in fiscal year 2023. Revenue surged 31% from the prior year, signaling strong growth momentum. The organization ran a surplus of $684K, a strong 24% operating margin.

Mission

THE ORGANIZATION DETERMINES AND MAINTAINS STANDARDS FOR CERTIFICATION IN THORACIC SURGERY.

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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 $2,744,752

Investment Income $2,911

Other Revenue $156,417

TOTAL REVENUE $2,904,080

Expense Breakdown

Grants Paid $0

Salaries & Benefits $813,139

Fundraising Expenses $0

Other Expenses $1,407,237

TOTAL EXPENSES $2,220,376

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,904,080	$2,208,713	+0.3%
Expenses	$2,220,376	$2,063,289	+0.1%
Net Income	$683,704	$145,424	+3.7%

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

100

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

$154,795

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH A DEARANI MD	CHAIR	12.00	Officer Director	$0	$0	$0
MICHAEL J MACK MD	VICE CHAIR	10.00	Officer Director	$0	$0	$0
CARL L BACKER MD	DIRECTOR	4.00	Director	$0	$0	$0
MALCOLM M DECAMP JR MD	DIRECTOR/DEPUTY EXAMINATION CHAIR	10.00	Officer Director	$0	$0	$0
M ASHRAF MANSOUR MD	DIRECTOR	4.00	Director	$0	$0	$0
S ADIL HUSAIN MD	DIRECTOR	4.00	Director	$0	$0	$0
CHRISTINE L LAU MD	DIRECTOR	4.00	Director	$0	$0	$0
JENNIFER S LAWTON MD	DIRECTOR	4.00	Director	$0	$0	$0
MICHAEL J MOULTON MD	DIRECTOR	4.00	Director	$0	$0	$0
JENNIFER C ROMANO MD	DIRECTOR	4.00	Director	$0	$0	$0
JOHN D MITCHELL MD	DIRECTOR	4.00	Director	$0	$0	$0
THORAF M SUNDT III MD	DIRECTOR	4.00	Director	$0	$0	$0
CATHY E MINEHAN MBA	DIRECTOR	4.00	Director	$0	$0	$0
JOSEPH S COSELLI MD	DIRECTOR	4.00	Director	$0	$0	$0
JESSICA DONINGTON MD	DIRECTOR	4.00	Director	$0	$0	$0
TOM C NGUYEN MD	DIRECTOR	4.00	Director	$0	$0	$0
DAVID T COOKE MD	DIRECTOR	4.00	Director	$0	$0	$0
STEPHEN C YANG MD	EXAMINATION CHAIR	4.00	Officer Director	$0	$0	$0
BETTY TONG	DIRECTOR	4.00	Director	$0	$0	$0
DAVID A FULLERTON MD	EXECUTIVE DIRECTOR	30.00	Officer	$0	$0	$0
CAMERON D WRIGHT MD	EXECTIVE DIRECTOR-ELECT	15.00	Officer	$150,652	$4,143	$154,795
PATRICIA L WATSON	ADMINISTRATIVE DIRECTOR	40.00	Highest	$226,699	$36,685	$263,384
JENNIFER HAUSMAN	DIRECTOR OF EXAMINATION SE	40.00	Highest	$124,709	$9,202	$133,911

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	$2,904,080	$2,220,376	$24,983,170	$683,704
2022	$2,208,713	$2,063,289	$20,749,468	$145,424
2021	$2,529,487	$2,190,549	$24,489,789	$338,938
2020	$1,924,461	$1,730,488	$20,389,873	$193,973
2019	$2,591,444	$2,078,109	$18,390,587	$513,335

AMERICAN BOARD OF THORACIC SURGERY INC