BOSTON CARDIAC FOUNDATION INC (EIN 452637723) - 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

2011

Legal Domicile

Principal Officer

SALIL K MIDHA MD

Phone

7816626404

Tax Period

2024-01-01 to 2024-12-31

BOSTON CARDIAC FOUNDATION INC, founded in 2011, is a small nonprofit in the International Affairs sector that reported $114K in total revenue in fiscal year 2024. Revenue surged 86% from the prior year, signaling strong growth momentum. The organization ran a surplus of $66K, a strong 58% operating margin.

Mission

BOSTON CARDIAC FOUNDATION, INC'S PRIMARY EXEMPT PURPOSE IS TO BRING MEDICAL TECHNOLOGIES AND SERVICES TO LESS DEVELOPED COUNTRIES AROUND THE WORLD.

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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 (2024)

Revenue Breakdown

Contributions & Grants $115,240

Program Service Revenue $0

Investment Income $16,540

Other Revenue $-17,408

TOTAL REVENUE $114,372

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $39,371

Other Expenses $47,911

TOTAL EXPENSES $47,911

Year-over-Year Comparison

	2024	2023	Change
Revenue	$114,372	$61,341	+0.9%
Expenses	$47,911	$28,608	+0.7%
Net Income	$66,461	$32,733	+1.0%

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
SALIL K MIDHA MD FACC	PRESIDENT/CLERK	3.00	Officer Director	$0	$0	$0
ROBYN LOGUIDICE	TREASURER	1.00	Officer Director	$0	$0	$0
JESSICA JORDAN RN NP	DIRECTOR	1.00	Director	$0	$0	$0
PAUL JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
GAURAV MIDHA	DIRECTOR	1.00	Director	$0	$0	$0
BRENDA HOUDE RCIS	DIRECTOR	1.00	Director	$0	$0	$0
GREG MCDOLAND MD	DIRECTOR	1.00	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	$114,372	$47,911	$495,442	$66,461

BOSTON CARDIAC FOUNDATION INC