NORTH CAROLINA CHAPTER OF THE AMER… - 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

1991

Legal Domicile

Principal Officer

BILL DOWNEY MD

Phone

9197875181

Tax Period

2025-01-01 to 2025-12-31

NORTH CAROLINA CHAPTER OF THE AMERICAN COLLEGE OF CARDIOLOGY, founded in 1991, is a small nonprofit that reported $549K in total revenue in fiscal year 2025. Revenue surged 158% from the prior year, signaling strong growth momentum. Expenses of $492K left a modest 10% surplus.

Mission

TO SUPPORT NORTH CAROLINA CARDIOVASCULAR SPECIALISTS AS THEY SERVE THEIR PATIENTS.

Program Service Accomplishments

Program 1

SEMINARS AND CONVENTIONS ARE HELD TO BRING MEMBERS AND LEADERS TOGETHER TO EDUCATE AND UPDATE THEM ON MATTERS WITHIN THE FIELD

Program 2

WEBSITE IS USED TO INFORM MEMBERS ON CURRENT AND UPCOMING EVENTS.

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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 $66,058

Program Service Revenue $447,045

Investment Income $35,756

Other Revenue $0

TOTAL REVENUE $548,859

Expense Breakdown

Grants Paid $25,000

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $466,752

TOTAL EXPENSES $491,752

Year-over-Year Comparison

	2025	2024	Change
Revenue	$548,859	$212,553	+1.6%
Expenses	$491,752	$145,854	+2.4%
Net Income	$57,107	$66,699	-0.1%

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
MEGAN HERRINGTON PA-C AACC	COUNCILOR	N/A	Director	$0	$0	$0
BILL DOWNEY MD	GOVERNOR	N/A	Officer Director	$0	$0	$0
JAMES ZIDAR MD	PAST GOVERNO	N/A	Officer Director	$0	$0	$0
JASON LAPPE MD	COUNCILOR	N/A	Director	$0	$0	$0
JOHN ROMMEL MD	GOVERNOR ELE	N/A	Officer Director	$0	$0	$0
JORGE ALEGRIA MD	COUNCILOR	N/A	Director	$0	$0	$0
KARL RICHARDSON MD	COUNCILOR	N/A	Director	$0	$0	$0
KRIS SWIGER MD	COUNCILOR	N/A	Director	$0	$0	$0
MATT CAVENDER MD	COUNCILOR	N/A	Director	$0	$0	$0
MATT BELFORD MD	COUNCILOR	N/A	Director	$0	$0	$0
NISHANT SHAH MD	COUNCILOR	N/A	Director	$0	$0	$0
OLIVIA GILBERT MD	TREASURER	N/A	Officer Director	$0	$0	$0
SCOTT WILLIS MD	COUNCILOR	N/A	Director	$0	$0	$0
SID SHAH MD	COUNCILOR	N/A	Director	$0	$0	$0
TIFFANY RANDOLPH MD	COUNCILOR	N/A	Director	$0	$0	$0
TROY LEO MD	COUNCILOR	N/A	Director	$0	$0	$0
ZACH PRUITT MD	COUNCILOR	N/A	Director	$0	$0	$0
JAMIE DIETRICH PA-C	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
2025	$548,859	$491,752	$1,765,047	$57,107
2024	$212,553	$145,854	$1,535,644	$66,699
2023	$489,333	$424,018	$1,363,178	$65,315
2022	$173,451	$119,732	$1,166,773	$53,719
2021	$356,120	$306,888	$1,264,197	$49,232
2020	$105,280	$41,661	$1,159,652	$63,619
2019	$274,546	$273,671	$996,958	$875
2018	$110,314	$96,880	$873,280	$13,434

NORTH CAROLINA CHAPTER OF THE AMERICAN COLLEGE OF CARDIOLOGY