SOUTH CAROLINA CHAPTER OF THE AMERICAN COLLEGE OF CARDIOLOGY (EIN 571005939) - 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

1994

Legal Domicile

Principal Officer

MICHAEL FOSTER MD FACC

Phone

9197875181

Tax Period

2022-01-01 to 2022-12-31

SOUTH CAROLINA CHAPTER OF THE AMERICAN COLLEGE OF CARDIOLOGY, founded in 1994, is a small nonprofit that reported $394K in total revenue in fiscal year 2022. Revenue surged 505% from the prior year, signaling strong growth momentum. Expenses of $338K left a modest 14% surplus.

Mission

PROMOTE THE FIELD OF CARDIOLOGY.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $392,461

Investment Income $2,033

Other Revenue $0

TOTAL REVENUE $394,494

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $338,362

TOTAL EXPENSES $338,362

Year-over-Year Comparison

	2022	2021	Change
Revenue	$394,494	$65,203	+5.1%
Expenses	$338,362	$49,069	+5.9%
Net Income	$56,132	$16,134	+2.5%

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
JENNIFER LEE MSN FNP-C AACC	COUNCILOR	N/A	Director	$0	$0	$0
CRAIG HUDAK MD FACC	COUNCILOR	N/A	Director	$0	$0	$0
DANNY STEINBERG MD FACC	TREASURER	N/A	Officer Director	$0	$0	$0
DAVID IKE MD FACC	COUNCILOR	N/A	Director	$0	$0	$0
DHARINI RAMU MD FACC	COUNCILOR	N/A	Director	$0	$0	$0
JESSE JORGENSEN MD FACC	PAST PRESIDE	N/A	Officer Director	$0	$0	$0
MATTHEW O'STEEN MD FACC	COUNCILOR	N/A	Director	$0	$0	$0
MICHAEL FOSTER MD FACC	GOVERNOR/PRE	N/A	Officer Director	$0	$0	$0
ROB MALANUK MD FACC	COUNCILOR	N/A	Director	$0	$0	$0
WILL PATTON MD FACC	COUNCILOR	N/A	Director	$0	$0	$0
RANDY GOODROE	COUNCILOR	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	No data	No data	No data	No data
2022	$394,494	$338,362	$252,894	$56,132
2018	$203,634	$209,149	$207,691	$-5,515

SOUTH CAROLINA CHAPTER OF THE AMERICAN COLLEGE OF CARDIOLOGY