SOUTH RIDING, VA
4 risk indicators measuring financial stability and operational resilience
Sign in with your work email to view Tuckman-Chang indicators
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 $233K in total revenue in fiscal year 2023. Revenue surged 47% from the prior year, signaling strong growth momentum. The organization ran a surplus of $37K, a strong 16% operating margin.
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.
Meeting Expenses and Collaborative Infrastructure: Regular meetings are held to educate surgeons cardiologists nurses database managers and other quality improvement staff from hospital members...
Meeting Expenses and Collaborative Infrastructure: Regular meetings are held to educate surgeons cardiologists nurses database managers and other quality improvement staff from hospital members. Multiple research studies and quality improvement projects were undertaken with the goal of exchanging information for improving surgical quality and lowering costs. Quarterly meetings are held for the Quality Committee Board of Directors and entire consortium. Best practices from the group are shared and guest speakers from around the nation are invited to present findings of their research. Monthly check-in meetings are held with members to review data and progress with implementing initiatives. Angiogram reviews are performed to ensure matching of imaging and pathology helping to ensure appropriateness and improve quality of care.
Independent Contractors: these expenses correspond to monthly payments for the Executive Director's and Quality Improvement Advisor's services along with the expenses incurred by the group's...
Independent Contractors: these expenses correspond to monthly payments for the Executive Director's and Quality Improvement Advisor's services along with the expenses incurred by the group's webmaster and videographer for services rendered online during conference calls and online meetings and at in-person meetings. The time of the Executive Director and Quality Improvement Advisor is primarily devoted to help VCSQI members convene and accomplish the Board's stated objectives. Deliverables and responsibilities include the following: database stewardship for both Society of Thoracic Surgeons and American College of Cardiology registries; data analysis; communications and outreach; convening committee and board meetings; overseeing the angiogram review process; and administrative duties.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
Sign in to view Trantor Score and financial metrics
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
Sign in to view all financial metrics
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.