New York Cardiac Center Inc

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New York Cardiac Center Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals

New York Cardiac Center Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around New York Cardiac Center Inc in one place.

Is New York Cardiac Center Inc Legit?

Some Concerns

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

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Across stored filings, New York Cardiac Center Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Turn this Form 990 profile into a donor-ready report

Request a concise report for New York Cardiac Center Inc with revenue, expenses, executive compensation, red flags, peer context, and IRS source links. You can also request CSV exports or watchlist updates for future filings.

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New York Cardiac Center Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.

About New York Cardiac Center Inc

New York Cardiac Center Inc (EIN: 131624083) is a nonprofit organization based in Tenafly, NJ. The organization reported total revenue of $1.1M and total assets of $2.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New York Cardiac Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

New York Cardiac Center Inc is a mid-size nonprofit that has been operating for 80 years, with 13 years of IRS 990 filings on record (2011–2023).

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: B

In 2023, New York Cardiac Center Inc reported a deficit of $223K with expenses exceeding revenue, holds 94.8 months of operating reserves (strong position), has a debt-to-asset ratio of 3.1% (very low leverage).

Financial Trends

IRS Tax-Exempt Classification

Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.

AI Transparency Report

Mission Effectiveness Score

NonprofitSpending's AI analysis rates New York Cardiac Center Inc with a Mission Score of 60 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

• admin: 20%
• programs: 70%
• fundraising: 10%

According to IRS 990 filings, New York Cardiac Center Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

• The organization reported a deficit of $223K, with expenses exceeding revenue.
• Debt-to-asset ratio: 3.1%.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, suggesting that the organization's leadership may be entirely volunteer-based or compensated through non-officer roles, which is a positive for minimizing overhead costs.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of New York Cardiac Center Inc's IRS 990 filings:

• Persistent operating deficits: Expenses consistently exceed revenue in all reported periods, indicating an unsustainable financial model.
• Declining asset base: Assets have decreased from over $3.3 million in 2014 to under $2.5 million in 2023, suggesting reliance on reserves to cover deficits.
• Negative revenue reported in some years (e.g., 2020, 2018), which could indicate significant investment losses or unusual accounting events.

Strengths

The following positive indicators were identified for New York Cardiac Center Inc:

• Healthy asset base: Despite declines, the organization still holds over $2.4 million in assets, providing a buffer.
• No reported officer compensation: This indicates a commitment to minimizing executive overhead costs.
• Consistent IRS 990 filings: Demonstrates adherence to basic regulatory transparency requirements.

Frequently Asked Questions about New York Cardiac Center Inc

Filing History

IRS 990 filing history for New York Cardiac Center Inc showing financial trends over 13 years of public records:

Total assets decreased by 25.5% over the same period, from $3.3M to $2.5M. Total functional expenses fell by 12.4%, from $356K to $312K. In its most recent filing year (2023), New York Cardiac Center Inc reported a deficit of $223K, with expenses exceeding revenue. The organization holds $76K in liabilities against $2.5M in assets (debt-to-asset ratio: 3.1%), resulting in net assets of $2.4M.

Year-by-Year Financial Summary

• 2023: Revenue of $89K, expenses of $312K, and assets of $2.5M (revenue -49.1% year-over-year).
• 2022: Revenue of $175K, expenses of $264K, and assets of $2.4M (revenue -56.0% year-over-year).
• 2021: Revenue of $398K, expenses of $290K, and assets of $2.9M.
• 2020: Revenue of $-63,580, expenses of $293K, and assets of $2.9M (revenue -138.6% year-over-year).
• 2019: Revenue of $165K, expenses of $317K, and assets of $2.8M.
• 2018: Revenue of $-35,800, expenses of $351K, and assets of $2.6M (revenue -125.4% year-over-year).
• 2017: Revenue of $141K, expenses of $348K, and assets of $3.0M (revenue +76.1% year-over-year).
• 2016: Revenue of $80K, expenses of $315K, and assets of $3.0M (revenue +80.9% year-over-year).
• 2015: Revenue of $44K, expenses of $334K, and assets of $3.0M (revenue -83.0% year-over-year).
• 2014: Revenue of $260K, expenses of $321K, and assets of $3.3M (revenue +66.7% year-over-year).
• 2013: Revenue of $156K, expenses of $329K, and assets of $3.5M (revenue -16.6% year-over-year).
• 2012: Revenue of $187K, expenses of $354K, and assets of $3.3M.
• 2011: Revenue of $-36,149, expenses of $356K, and assets of $3.3M.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for New York Cardiac Center Inc:

Data Sources and Methodology

This transparency report for New York Cardiac Center Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.