MICHIGAN CHAPTER OF THE AMERICAN COLLEGE OF CARDIOLOGY (EIN 382854340) - 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

1989

Legal Domicile

Phone

5176636622

Tax Period

2023-01-01 to 2023-12-31

MICHIGAN CHAPTER OF THE AMERICAN COLLEGE OF CARDIOLOGY, founded in 1989, is a small nonprofit that reported $260K in total revenue in fiscal year 2023. Revenue fell 29% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $60K, a strong 23% operating margin.

Mission

THE PURPOSE OF THE CHAPTER SHALL BE TO CONTRIBUTE TO THE PREVENTION OF CARDIOVASCULAR DISEASES AND TO ENSURE OPTIMAL QUALITY OF CARE FOR INDIVIDUALS WITH SUCH DISEASES. IN CARRYING OUT THESE PURPOSES, THE CHAPTER SHALL FUNCTION, IN CONSULTATION WITH THE LEADERSHIP OF THE COLLEGE, AS A SOURCE OF ADVICE TO LOCAL GOVERNMENTAL AND PROFESSIONAL ORGANIZATIONS AND PROMOTE PROFESSIONAL EDUCATIONAL ISSUES RELATED TO CARDIOVASCULAR DISEASE. THE CHAPTER SHALL, IN THE INTEREST OF PATIENTS, PHYSICIANS, AND THE PUBLIC IN GENERAL, MAINTAIN A HIGH LEVEL OF SOCIAL CONCIOUSNESS AND INVOLVEMENT WITH SOCIOECONOMIC FACTORS AND ACCESS TO THE HIGHEST POSSIBLE QUALITY OF CARDIOVASCULAR HEALTH CARE.

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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 $254,925

Investment Income $1,457

Other Revenue $3,845

TOTAL REVENUE $260,227

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $200,650

TOTAL EXPENSES $200,650

Year-over-Year Comparison

	2023	2022	Change
Revenue	$260,227	$365,946	-0.3%
Expenses	$200,650	$237,100	-0.2%
Net Income	$59,577	$128,846	-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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KARTHIK ANANTH MD	President	6.00	Officer Director	$0	$0	$0
NAGIB CHALFOUN MD	President Elect	1.00	Officer Director	$0	$0	$0
DAVID WOHNSMD	Past President	1.00	Officer Director	$0	$0	$0
Sunil Rao DO	Sec-Treasurer	1.00	Officer Director	$0	$0	$0
David Klungle PA-C	Director	1.00	Officer Director	$0	$0	$0
Nicholas Hoeve DO	Director	0.50	Director	$0	$0	$0
Todd Adams DO	Director	0.50	Director	$0	$0	$0
David Langholz MD	Director	2.00	Director	$0	$0	$0
Nishtha Sareen	Director	2.00	Director	$0	$0	$0
Marty Tam MD	Director	0.50	Director	$0	$0	$0
Shalini Modi MBBS	Director	0.50	Director	$0	$0	$0
Mark Zainea MD	Director	0.50	Director	$0	$0	$0
Nicole Bhave MD	Director	2.00	Director	$0	$0	$0
Jennifer Cowger MD	Director	0.50	Director	$0	$0	$0
Devraj Sukul MD	Director	2.00	Director	$0	$0	$0
Sanjay Dandamudi MD	Director	0.50	Director	$0	$0	$0
Michael Joynt MD	Director	0.50	Director	$0	$0	$0
Tracey Burke MSA MBA	Director	0.50	Director	$0	$0	$0
Christopher Giuliano MPH	Director	0.50	Director	$0	$0	$0
Nishtha Sareen MD	Director	0.50	Director	$0	$0	$0
Nagib Chalfoun MD	Director	0.50	Director	$0	$0	$0
Vaidahi Patel MD	Director	0.50	Director	$0	$0	$0
Joseph Banno MD	Director	0.50	Director	$0	$0	$0
Sunil Rao DO MHA	Director	0.50	Director	$0	$0	$0
Michael Vredenburg DO MBA	Director	0.50	Director	$0	$0	$0
Celeste Williams MD MS	Director	0.50	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	$260,227	$200,650	$476,745	$59,577
2022	$365,946	$237,100	$270,696	$128,846
2021	$109,409	$142,905	$261,713	$-33,496
2020	$138,355	$119,241	$266,561	$19,114
2019	$247,501	$274,426	$232,785	$-26,925
2018	$280,516	$271,997	$230,114	$8,519

MICHIGAN CHAPTER OF THE AMERICAN COLLEGE OF CARDIOLOGY