NATIONAL BOARD OF ECHOCARDIOGRAPHY… - Form 990 Financial Data

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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

Principal Officer

ALLAN KLEIN MD

Phone

8479755304

Tax Period

2025-01-01 to 2025-12-31

NATIONAL BOARD OF ECHOCARDIOGRAPHY INC, founded in 1998, is a community nonprofit that reported $3.1M in total revenue in fiscal year 2025. Expenses of $3.8M exceeded revenue, resulting in a 22% 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.

Program Service Accomplishments

Program 1

PROVIDES FUNDS TO OFFER AND ADMINISTER A NATIONAL CERTIFICATION EXAM TO QUALIFIED PHYSICIANS IN GENERAL CARDIAC ULTRASOUND.

Program 2

PROVIDES FUNDS TO OFFER AND ADMINISTER A NATIONAL CERTIFICATION EXAM TO QUALIFIED PHYSICIANS IN PERIOPERATIVE TRANSESOPAGEAL ECHOCARDIOGRAPHY.

Program 3

PROVIDES FUNDS TO OFFER AND ADMINISTER NATIONAL CERTIFICATION EXAMS IN THE FIELD OF 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%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,515,877

Investment Income $587,402

Other Revenue $2,550

TOTAL REVENUE $3,105,829

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $3,778,222

TOTAL EXPENSES $3,778,222

Year-over-Year Comparison

	2025	2024	Change
Revenue	$3,105,829	$2,985,608	+0.0%
Expenses	$3,778,222	$4,156,822	-0.1%
Net Income	$-672,393	$-1,171,214	-0.4%

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

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
ALINA NICOARA MD FASE	DIRECTOR	N/A	Director	$0	$0	$0
ALLAN KLEIN MD	PRESIDENT	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
ELLEN RICHTER MD	DIRECTOR	N/A	Director	$0	$0	$0
JAMES THOMAS MD	DIRECTOR	N/A	Director	$0	$0	$0
JONATHAN LINDNER MD	PRESIDENT EL	N/A	Officer 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
STAN SHERNAN MD	DIRECTOR	N/A	Director	$0	$0	$0
STEPHEN H LITTLE MD	DIRECTOR	N/A	Director	$0	$0	$0
THOMAS RYAN MD	DIRECTOR	N/A	Director	$0	$0	$0
WANDA POPESCU MD	SECRETARY/TR	N/A	Officer 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
2025	$3,105,829	$3,778,222	$9,158,539	$-672,393
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

NATIONAL BOARD OF ECHOCARDIOGRAPHY INC