SOUTH RIDING, VA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)VIRGINIA CARDIAC SERVICES QUALITY INITIATIVE, founded in 2003, is a small nonprofit in the Medical Research sector that reported $234K in total revenue in fiscal year 2020. Revenue decreased 7% compared to the prior year. Expenses of $222K left a modest 5% surplus.
VCSQI's mission is to transform cardiovascular care to improve patient experience and value. Via our multidisciplinary network our members collaborate to improve the quality of care delivered to patients while reducing costs for hospitals and payors. Significant achievements include the creation of our multi-institutional network of cardiac surgery and cardiology practices over 60 peer-reviewed publications and five statewide initiatives to optimize heart care outcomes.
Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $233,175 | $159,142 | +0.5% |
| Expenses | $195,743 | $182,075 | +0.1% |
| Net Income | $37,432 | $-22,933 | -2.6% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Clifford Edwin Fonner | Executive Director | 35.00 |
Highest
|
$92,500 | $0 | $92,500 |
| Sherri White | Quality Improvement Advisor | 30.00 |
Key Emp
|
$77,000 | $0 | $77,000 |
| Robert Shor MD | Chairman of the Board | 5.00 |
Officer
|
$0 | $0 | $0 |
| Mike Brown | Board Member | 2.00 |
Officer
|
$0 | $0 | $0 |
| David Wyatt MD | Board Member | 2.00 |
Director
|
$0 | $0 | $0 |
| Alan Speir MD | Board Member | 2.00 |
Director
|
$0 | $0 | $0 |
| Michael Kontos MD | Board Member | 2.00 |
Director
|
$0 | $0 | $0 |
| Shelley Cahalan | Board Member | 2.00 |
Director
|
$0 | $0 | $0 |
| Nick Teman MD | Board Member | 2.00 |
Director
|
$0 | $0 | $0 |
| Behnam Tehrani MD | Board Member | 2.00 |
Director
|
$0 | $0 | $0 |
| Peter O'Brien MD | Board Member | 1.00 |
Director
|
$0 | $0 | $0 |
| Jeffrey Rich MD | Board Member | 2.00 |
Director
|
$0 | $0 | $0 |
| Behnam Tehrani MD | Board Member | 2.00 |
Director
|
$0 | $0 | $0 |
| Jeffrey Behneke | Board Member | 2.00 |
Director
|
$0 | $0 | $0 |
| Angela Carneal RN | Board Member | 2.00 |
Director
|
$0 | $0 | $0 |
| Michael Brown CCP | Board Member | 2.00 |
Director
|
$0 | $0 | $0 |
| Robert Lancey MD | Board Member Treasurer | 3.00 |
Director
|
$0 | $0 | $0 |
| Evelyn Dallas CCP | Board Member | 2.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | No data | No data | No data | No data |
| 2023 | $233,175 | $195,743 | $550,444 | $37,432 |
| 2022 | $159,142 | $182,075 | $513,012 | $-22,933 |
| 2021 | $228,171 | $171,026 | $535,945 | $57,145 |
| 2020 | $233,664 | $221,620 | $478,800 | $12,044 |
Compare VIRGINIA CARDIAC SERVICES QUALITY INITIATIVE with other nonprofits in Virginia and across the country.