SOUTH CAROLINA CHAPTER OF THE AMERICAN COLLEGE OF CARDIOLOGY

EIN: 571005939

RALEIGH, NC

Total Revenue
$394,494
Total Expenses
$338,362
Total Assets
$252,894
Net Assets
$237,978
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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
SC
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.

Program Service Accomplishments

Program 1

THE CHAPTER PUBLISHES NEWSLETTERS THAT DETAIL UPCOMING EVENTS AND INFORMATION.

Program 2

THE CHAPTER HOLDS AN ANNUAL CONFERENCE TO PROMOTE THE FIELD OF CARDIOLOGY AND ALLOW MEMBERS THE OPPORTUNITY TO DISCUSS LOCAL AND REGIONAL CONCERNS AND PARTICIPATE AT A LEADERSHIP LEVEL IN THE...

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THE CHAPTER HOLDS AN ANNUAL CONFERENCE TO PROMOTE THE FIELD OF CARDIOLOGY AND ALLOW MEMBERS THE OPPORTUNITY TO DISCUSS LOCAL AND REGIONAL CONCERNS AND PARTICIPATE AT A LEADERSHIP LEVEL IN THE RESOLUTION OF ISSUES THAT DIRECTLY AFFECT THEM.

Program 3

SPECIAL GRANT FUNDING TO A CARDIOVASCULAR ORGANIZATION THAT NEEDS FUNDING TO CREATE A PROGRAM RELATED TO ADVANCING CARDIOLOGY IN THE STATE OF SOUTH CAROLINA.

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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 (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

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Governance

Voting Members
11
Independent Members
11
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
3
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
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
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