CARDIAC THERAPHY FOUNDATION OF THE… - 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

1993

Legal Domicile

Principal Officer

CARL THOMSEN

Phone

6504641300

Tax Period

2024-01-01 to 2024-12-31

CARDIAC THERAPHY FOUNDATION OF THE MID PENINSULA, founded in 1993, is a small nonprofit in the Diseases & Disorders sector that reported $650K in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE CARDIAC, PULMONARY AND DIABETIC REHABILITATION AND PREVENTION THE ORGANIZATION PROVIDES MEDICAL EVALUATION, EXERCISE AND EDUCATION TO INDIVIDUALS WITH THESE AND RELATED HEALTH CONDITIONS

Program Service Accomplishments

Program 1

Expenses: $612,331 Revenue: $654,979

PROVIDE MEDICALLY SUPERVISED EXERCISE, EDUCATION AND NUTRITION PROGRAMS FOR MEMBERS. ALL MEMBERS ARE REFERRED TO THE PROGRAM BY THEIR DOCTORS TO ADDRES CARDIAC , PULMONARY, DIABETIC RELATED DISEASES FOR REHAB AND ON-GOING HEALTH MAINTENANCE. PARTICIPANTS REMAIN IN THE PROGRAM FOR VARYING LENGTHS OF TIME, SOME FOR 3-6 MONTHS AND SOME FOR MANY YEARS TO MAINTAIN A HEALTHY LIFESTYLE AND EXERCISE ROUTINE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $226,544

Program Service Revenue $375,976

Investment Income $47,771

Other Revenue $0

TOTAL REVENUE $650,291

Expense Breakdown

Grants Paid $0

Salaries & Benefits $566,977

Fundraising Expenses $0

Program Expenses $612,331

Other Expenses $119,509

TOTAL EXPENSES $686,486

Year-over-Year Comparison

	2024	2023	Change
Revenue	$650,291	$564,960	+0.2%
Expenses	$686,486	$584,839	+0.2%
Net Income	$-36,195	$-19,879	+0.8%

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

Total Directors

Key Employees

$120,859

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAUL DAVIS	DIRECTOR	2.00	Director	$0	$0	$0
MARIE GARCIA	DIRECTOR	2.00	Director	$0	$0	$0
RICHARD HANSEN	PRESIDENT/ DIRECTOR	5.00	Officer Director	$0	$0	$0
SONDRA MURPHY	DIRECTOR AND VP	3.00	Officer Director	$0	$0	$0
KARINA NILSEN	DIRECTOR	2.00	Director	$0	$0	$0
CARL THOMSEN	CFO	16.00	Officer	$0	$0	$0
BRIAN BEATTIE	DIRECTOR	2.00	Director	$0	$0	$0
POLLY BOVE	DIRECTOR	3.00	Director	$0	$0	$0
SUSAN KAY	SECRETARY	2.00	Officer	$0	$0	$0
BRIAN SMILEY	DIRECTOR	2.00	Director	$0	$0	$0
KATY WAUGH	DIRECTOR	3.00	Director	$0	$0	$0
ROBIN WEDELL	PROGRAM DIRECTOR	36.00	Key Emp	$120,859	$0	$120,859

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	No data	No data	No data	No data
2024	$650,291	$686,486	$907,206	$-36,195
2023	$564,960	$584,839	$890,501	$-19,879
2022	$664,303	$536,484	$823,071	$127,819
2021	$624,361	$519,486	$821,669	$104,875
2020	$442,961	$454,593	$782,851	$-11,632

CARDIAC THERAPHY FOUNDATION OF THE MID PENINSULA