NATIONAL BOARD OF ECHOCARDIOGRAPHY INC

EIN: 562000084

RALEIGH, NC

Total Revenue
$2,985,608
Total Expenses
$4,156,822
Total Assets
$9,907,516
Net Assets
$8,136,108
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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
1998
Legal Domicile
NC
Principal Officer
ROBERTO LANG MD
Phone
8479755304
Tax Period
2024-01-01 to 2024-12-31

NATIONAL BOARD OF ECHOCARDIOGRAPHY INC, founded in 1998, is a community nonprofit that reported $3.0M in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Expenses of $4.2M exceeded revenue, resulting in a 39% operating deficit.

Mission

TO IMPROVE THE QUALITY OF CARDIOVASCULAR PATIENT CARE BY DEVELOPING AND ADMINISTERING EXAMINATIONS LEADING TO CERTIFICATION OF PHYSICIANS WITH SPECIAL KNOWLEDGE AND EXPERTISE IN ECHOCARDIOGRAPHY.

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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 $0
Program Service Revenue $2,380,601
Investment Income $600,817
Other Revenue $4,190
TOTAL REVENUE $2,985,608

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $4,156,822
TOTAL EXPENSES $4,156,822

Year-over-Year Comparison

2024 2023 Change
Revenue $2,985,608 $3,244,707 -0.1%
Expenses $4,156,822 $4,853,191 -0.1%
Net Income $-1,171,214 $-1,608,484 -0.3%
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
15
Independent Members
15
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
4
$0
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NOVA PANEBIANCO MD MPH FACEP SECRETARY/TR N/A
Officer Director
$0 $0 $0
ALINA NICOARA MD FASE DIRECTOR N/A
Director
$0 $0 $0
ALLAN KLEIN MD PRESIDENT EL N/A
Officer Director
$0 $0 $0
ARTHUR LABOVITZ MD DIRECTOR N/A
Director
$0 $0 $0
CHRISTOPHER TROIANOS MD PAST PRESIDE N/A
Officer Director
$0 $0 $0
JONATHAN LINDNER MD DIRECTOR N/A
Director
$0 $0 $0
LINDA SHORE-LESSERSON MD DIRECTOR N/A
Director
$0 $0 $0
MARIO GARCIA MD DIRECTOR N/A
Director
$0 $0 $0
NEIL J WEISSMAN MD DIRECTOR N/A
Director
$0 $0 $0
NIKOLAOS SKUBAS MD DIRECTOR N/A
Director
$0 $0 $0
ROBERTO LANG MD PRESIDENT N/A
Officer Director
$0 $0 $0
STAN SHERNAN MD DIRECTOR N/A
Director
$0 $0 $0
THOMAS RYAN MD DIRECTOR N/A
Director
$0 $0 $0
WANDA POPESCU MD DIRECTOR N/A
Director
$0 $0 $0
WYMAN W LAI MD DIRECTOR N/A
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 $2,985,608 $4,156,822 $9,907,516 $-1,171,214
2023 $3,244,707 $4,853,191 $9,598,364 $-1,608,484
2022 $3,809,113 $3,904,064 $10,668,936 $-94,951
2021 $3,977,671 $2,977,360 $13,377,462 $1,000,311
2020 $3,633,988 $2,589,847 $12,217,191 $1,044,141
2019 $3,017,842 $2,973,249 $10,825,371 $44,593
2018 $2,875,435 $2,322,615 $9,119,117 $552,820
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