GENERAL THORACIC SURGICAL CLUB

EIN: 411582726 501(c)(3) Community Improvement

ROSEVILLE, MN

Total Revenue
$688,829
Total Expenses
$468,738
Total Assets
$737,910
Net Assets
$596,558
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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
1986
Legal Domicile
MN
Principal Officer
DENNIS A WIGLE MD PHD
Phone
9526462048
Tax Period
2024-01-01 to 2024-12-31

GENERAL THORACIC SURGICAL CLUB, founded in 1986, is a small nonprofit in the Community Improvement sector that reported $689K in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. The organization ran a surplus of $220K, a strong 32% operating margin.

Mission

TO ADVANCE AND STRENGTHEN THE GENERAL THORACIC SURGERY COMMUNITY THROUGH CLINICALLY RELEVANT SCIENTIFIC EDUCATION, NETWORKING AND THE SHARING OF BEST PRACTICES AMONG PROFESSIONALS IN GENERAL 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $206,345
Program Service Revenue $466,993
Investment Income $15,491
Other Revenue $0
TOTAL REVENUE $688,829

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $416,141
Other Expenses $468,738
TOTAL EXPENSES $468,738

Year-over-Year Comparison

2024 2023 Change
Revenue $688,829 $588,080 +0.2%
Expenses $468,738 $458,662 +0.0%
Net Income $220,091 $129,418 +0.7%
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

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Governance

Voting Members
12
Independent Members
12
Employees
N/A
Volunteers
10

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
4
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DENNIS A WIGLE MD PHD CHAIR 0.50
Officer Director
$0 $0 $0
LINDA MARTIN MD VICE CHAIR 0.50
Officer Director
$0 $0 $0
ROBERT K SHEN MD SECRETARY/TR 0.50
Officer Director
$0 $0 $0
MARK FERGUSON MD AT-LARGE MEM 0.50
Director
$0 $0 $0
BETTY TONG MD AT-LARGE MEM 0.50
Director
$0 $0 $0
RISHI REDDY MD AT-LARGE MEM 0.50
Director
$0 $0 $0
NIRMAL VEERAMACHANENI MD AT-LARGE MEM 0.50
Director
$0 $0 $0
MATT FACKTOR MD AT-LARGE MEM 0.50
Director
$0 $0 $0
SIDHU GANGADHARAN MD AT-LARGE MEM 0.50
Director
$0 $0 $0
ERIN GILLASPIE MD AT-LARGE MEM 0.50
Director
$0 $0 $0
STEPHANIE WORRELL MD AT-LARGE MEM 0.50
Director
$0 $0 $0
KATIE FERNSTAEDT EXECUTIVE DI 2.00
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 $688,829 $468,738 $737,910 $220,091
2023 $588,080 $458,662 $465,807 $129,418
2022 $455,896 $387,418 $403,522 $68,478
2021 $209,415 $74,779 $308,581 $134,636
2019 $249,083 $261,156 $93,362 $-12,073
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