CTSNET INC (EIN 364290294) - 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

1999

Legal Domicile

Principal Officer

BASEL RAMLAWI MD

Phone

3122025848

Tax Period

2023-01-01 to 2023-12-31

CTSNET INC, founded in 1999, is a small nonprofit in the Community Improvement sector that reported $895K in total revenue in fiscal year 2023. The organization ran a surplus of $145K, a strong 16% operating margin.

Mission

CONNECT THE GLOBAL CARDIOTHORACIC COMMUNITY.

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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 $138,338

Program Service Revenue $658,521

Investment Income $97,664

Other Revenue $637

TOTAL REVENUE $895,160

Expense Breakdown

Grants Paid $1,000

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $748,850

TOTAL EXPENSES $749,850

Year-over-Year Comparison

	2023	2022	Change
Revenue	$895,160	$912,801	0.0%
Expenses	$749,850	$549,975	+0.4%
Net Income	$145,310	$362,826	-0.6%

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
BASEL RAMLAWI MD	TREASURER (AS OF MID 2023)	3.00	Officer Director	$0	$0	$0
DUKE E CAMERON MD	PRESIDENT (UNTIL MID 2023)	3.00	Officer Director	$0	$0	$0
J RAFAEL SADABA MD	DIRECTOR (UNTIL MID 2023)	0.50	Director	$0	$0	$0
JOSEPH F SABIK MD	SECRETARY (AS OF MID 2023)	3.00	Officer Director	$0	$0	$0
LANA Y SCHUMACHER MD	DIRECTOR	1.00	Director	$0	$0	$0
MARA B ANTONOFF MD	DIRECTOR	1.00	Director	$0	$0	$0
MARISA CEVASCO MD	DIRECTOR (UNTIL MID 2023)	0.50	Director	$0	$0	$0
MARJAN JAHANGIRI MD	DIRECTOR	0.50	Director	$0	$0	$0
SHANDA H BLACKMON MD	DIRECTOR (AS OF MID 2023)	0.50	Director	$0	$0	$0
PATRICK O MYERS MD	PRESIDENT (AS OF MID 2023)	3.00	Officer Director	$0	$0	$0
THOMAS K VARGHESE MD	DIRECTOR	1.00	Director	$0	$0	$0
TODD K ROSENGART MD	DIRECTOR (AS OF MID 2023)	0.50	Director	$0	$0	$0
FILIP P A CASSELMAN	DIRECTOR (AS OF MID 2023)	0.50	Director	$0	$0	$0
GRAHAME RUSH	EXECUTIVE DIRECTOR	3.00	Officer	$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	No data	No data	No data	No data
2023	$895,160	$749,850	$4,830,045	$145,310
2022	$912,801	$549,975	$4,307,787	$362,826
2021	$1,184,407	$464,823	$4,452,471	$719,584
2020	$879,380	$566,810	$3,670,453	$312,570
2019	$1,069,664	$589,062	$3,186,266	$480,602
2018	$900,365	$594,679	$2,478,062	$305,686

CTSNET INC