CARDIAC SURGERY CLINICAL RESEARCH CENTER (EIN 364437722) - 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

2001

Legal Domicile

Principal Officer

ANTONE TATOOLES MD

Phone

7083464044

Tax Period

2023-01-01 to 2023-12-31

CARDIAC SURGERY CLINICAL RESEARCH CENTER, founded in 2001, is a small nonprofit in the Medical Research sector that reported $394K in total revenue in fiscal year 2023. Revenue surged 44% from the prior year, signaling strong growth momentum. Expenses of $435K exceeded revenue, resulting in a 10% operating deficit.

Mission

TO FURTHER ENHANCE THE QUALITY OF LIFE AND LONGEVITY OF THE CARDIOVASCULAR PATIENT.

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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 $394,040

Investment Income $10

Other Revenue $0

TOTAL REVENUE $394,050

Expense Breakdown

Grants Paid $0

Salaries & Benefits $280,934

Fundraising Expenses $0

Program Expenses $392,628

Other Expenses $154,401

TOTAL EXPENSES $435,335

Year-over-Year Comparison

	2023	2022	Change
Revenue	$394,050	$274,433	+0.4%
Expenses	$435,335	$357,555	+0.2%
Net Income	$-41,285	$-83,122	-0.5%

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

N/A

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
ANTONE TATOOLES MD	PRESIDENT	5.00	Officer Director	$0	$0	$0
PATROKLOS PAPPAS MD	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
TIM MCDONNELL	TREASURER	1.00	Officer 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	No data	No data	No data	No data
2023	$394,050	$435,335	$428,030	$-41,285
2022	$274,433	$357,555	$464,220	$-83,122
2021	$469,009	$348,682	$546,967	$120,327
2020	$270,395	$414,795	$422,846	$-144,400
2019	$160,839	$324,410	$569,166	$-163,571

CARDIAC SURGERY CLINICAL RESEARCH CENTER