CORVITA SCIENCE FOUNDATION NFP

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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

2016

Legal Domicile

Principal Officer

MARTIN C BURKE

Phone

7734324888

Tax Period

2022-07-01 to 2023-06-30

CORVITA SCIENCE FOUNDATION NFP, founded in 2016, is a small nonprofit in the Education sector that reported $384K in total revenue in fiscal year 2022. Revenue surged 108% from the prior year, signaling strong growth momentum. The organization ran a surplus of $205K, a strong 53% operating margin.

Mission

THE FOUNDATION IS DEDICATED TO EMPOWERING HEART SPECIALISTS AND TRAINEES TO INITIATE AND MANAGE CARDIOVASCULAR CLINICAL AND TRANSLATIONAL RESEARCH TO IMPROVE SKILLS LEADING TO QUALITY PATIENT CARE.

Program Service Accomplishments

Program 1

Expenses: $71,939 Revenue: $223,853

THE FOUNDATION PROVIDES THE INFRASTRUCTURE, EDUCATIONAL CONTENT AND DIRECTION AS WELL AS CLINICAL TRIAL OVERSIGHT IF NECESSARY IN ORDER TO ADVANCE THE EFFICIENCY AND QUALITY OF CLINICAL RESEARCH AND EDUCATION AMONGST OUR PARTNERS.THE FOUNDATION PROVIDES ALTERNATIVE ACCREDITED MEDICAL EDUCATION OPPORTUNITIES FOR STUDENTS OF CARDIOLOGY AND LIFELONG PRACTITIONERS IN NEED OF CONTINUING EDUCATION BY MAKING EDUCATION AVAILABLE AT ANY TIME IN THE REGION AND ABROAD.

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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 (2022)

Revenue Breakdown

Contributions & Grants $160,078

Program Service Revenue $223,853

Investment Income $0

Other Revenue $0

TOTAL REVENUE $383,931

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $71,939

Other Expenses $179,160

TOTAL EXPENSES $179,160

Year-over-Year Comparison

	2022	2021	Change
Revenue	$383,931	$184,766	+1.1%
Expenses	$179,160	$81,150	+1.2%
Net Income	$204,771	$103,616	+1.0%

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
DR REINOUD E KNOPS MD	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS BROUWER MD	DIRECTOR	5.00	Director	$0	$0	$0
DR MARTIN C BURKE DO	PRESIDENT/CEO/CSO	10.00	Officer	$0	$0	$0
DR RAVI RAMANA DO	SECRETARY/TREASURER	5.00	Officer	$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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$383,931	$179,160	$188,251	$204,771