NORTH CAROLINA CHAPTER OF THE AMERICAN COLLEGE OF CARDIOLOGY

EIN: 581978714

RALEIGH, NC

Total Revenue
$548,859
Total Expenses
$491,752
Total Assets
$1,765,047
Net Assets
$1,689,659
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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
NC
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.

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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 (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

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Governance

Voting Members
18
Independent Members
18
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
4
$0
Total Directors
18
$0
Key Employees
0
$0
Highest Compensated
0
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
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