Cardiopulmonary Perfusion Associates Inc (EIN 760313066) - 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

1990

Legal Domicile

Principal Officer

Howard Schramm

Phone

8323554900

Tax Period

2023-01-01 to 2023-12-31

Cardiopulmonary Perfusion Associates Inc, founded in 1990, is a small nonprofit in the Diseases & Disorders sector that reported $469K in total revenue in fiscal year 2023. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $432K left a modest 8% surplus.

Mission

To train students using the cardiopulmonary bypass machine and open heart surgery equipment.

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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 (2023)

Revenue Breakdown

Contributions & Grants $6,528

Program Service Revenue $462,067

Investment Income $0

Other Revenue $0

TOTAL REVENUE $468,595

Expense Breakdown

Grants Paid $0

Salaries & Benefits $375,505

Fundraising Expenses $0

Program Expenses $432,294

Other Expenses $56,789

TOTAL EXPENSES $432,294

Year-over-Year Comparison

	2023	2022	Change
Revenue	$468,595	$368,619	+0.3%
Expenses	$432,294	$402,052	+0.1%
Net Income	$36,301	$-33,433	-2.1%

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

Volunteers

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

$588,056

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Alfred C Glassell III	Trustee	2.00	Director	$0	$0	$0
David M Grimes II	Trustee	2.00	Director	$0	$0	$0
Eric D Wade	Trustee	2.00	Director	$0	$0	$0
Howard Schramm	CAO/CFO	1.00	Officer	$0	$23,551	$426,136
Deborah Adams	Director	40.00	Officer	$149,215	$12,705	$161,920
Kathleen Kibler	Research Coordinator	40.00	Highest	$124,281	$12,722	$137,003

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
2023	$468,595	$432,294	No data	$36,301
2022	$368,619	$402,052	No data	$-33,433
2021	$417,783	$387,376	No data	$30,407
2020	$376,566	$403,838	No data	$-27,272
2019	$397,161	$453,105	No data	$-55,944
2018	$421,525	$409,733	No data	$11,792

Cardiopulmonary Perfusion Associates Inc