Cardiovascular Center of Sarasota Foundation for Research and Education In (EIN 474110671) - 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

2015

Legal Domicile

Principal Officer

Dr Mahfouz El Shahaway

Phone

9413669800

Tax Period

2024-01-01 to 2024-12-31

Cardiovascular Center of Sarasota Foundation for Research and Education In, founded in 2015, is a small nonprofit in the Diseases & Disorders sector that reported $432K in total revenue in fiscal year 2024. Expenses of $691K exceeded revenue, resulting in a 60% operating deficit.

Mission

Organize and hold cardiovascular disease prevention symposiums, seminars, and classes for both the public and healthcare providers, research cardiovascular diseases, early detection, & prevention.

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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 $100,000

Program Service Revenue $440,127

Investment Income $-107,961

Other Revenue $0

TOTAL REVENUE $432,166

Expense Breakdown

Grants Paid $195,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $679,042

Other Expenses $495,730

TOTAL EXPENSES $690,730

Year-over-Year Comparison

	2024	2023	Change
Revenue	$432,166	N/A	N/A
Expenses	$690,730	N/A	N/A
Net Income	$-258,564	N/A	N/A

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

N/A

Employees

N/A

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
Dr Mahfouz El Shahawy	Dir/Chairman	20.00	Officer	$0	$0	$0
Donal J Harrell	Director	5.00	Officer	$0	$0	$0
Dr Thomas Kelly	Director	5.00	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	$432,166	$690,730	$78,770	$-258,564
2022	$309,778	$367,242	$984,952	$-57,464
2021	$329,640	$245,543	$1,048,363	$84,097
2020	$312,032	$381,387	$955,091	$-69,355
2019	$514,886	$310,411	$1,022,625	$204,475
2018	$242,502	$255,782	$830,912	$-13,280

Cardiovascular Center of Sarasota Foundation for Research and Education In