WILLIAM NOVICK GLOBAL CARDIAC ALLIANCE (EIN 472184002) - 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

2014

Legal Domicile

Principal Officer

WILLIAM NOVICK

Phone

9013029500

Tax Period

2022-01-01 to 2022-12-31

WILLIAM NOVICK GLOBAL CARDIAC ALLIANCE, founded in 2014, is a community nonprofit in the International Affairs sector that reported $2.5M in total revenue in fiscal year 2022. Revenue surged 185% from the prior year, signaling strong growth momentum. The organization ran a surplus of $376K, a strong 15% operating margin.

Mission

WILLIAM NOVICK GLOBAL CARDIAC ALLIANCE IS DEDICATED TO PROVIDING LIFE SAVING MEDICAL CARE FOR CHILDREN BORN WITH HEART DISEASE, WITHOUT RESPECT TO THE CHILD'S RACE, COLOR, NATIONALITY OR RELIGION. THE ALLIANCE PROVIDES THIS SERVICE UNDER FOUR CORE PRINCIPALS OF COLLABORATION, EDUCATION, INNOVATION AND SUSTAINMENT.

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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 (2022)

Revenue Breakdown

Contributions & Grants $1,363,130

Program Service Revenue $1,122,478

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,485,608

Expense Breakdown

Grants Paid $0

Salaries & Benefits $348,677

Fundraising Expenses $141,190

Program Expenses $1,893,325

Other Expenses $1,761,081

TOTAL EXPENSES $2,109,758

Year-over-Year Comparison

	2022	2021	Change
Revenue	$2,485,608	$872,939	+1.8%
Expenses	$2,109,758	$1,020,332	+1.1%
Net Income	$375,850	$-147,393	-3.5%

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

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

$130,000

Total Directors

$130,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM NOVICK	PRESIDENT	40.00	Officer Director	$130,000	$0	$130,000
ELIZABETH NOVICK	TREASURER	2.00	Officer Director	$0	$0	$0
DON PEMBERTON	VICE-PRESIDE	1.00	Director	$0	$0	$0
DR SRI RAO	SECRETARY	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	No data	No data	No data	No data
2023	No data	No data	No data	No data
2022	$2,485,608	$2,109,758	$1,193,881	$375,850
2021	$872,939	$1,020,332	$824,039	$-147,393
2020	$712,441	$1,074,463	$957,944	$-362,022
2020	$713,691	$1,059,465	$957,944	$-345,774
2019	$2,269,529	$1,684,386	$1,384,794	$585,143
2018	$2,405,611	$2,060,602	$764,975	$345,009

WILLIAM NOVICK GLOBAL CARDIAC ALLIANCE