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Cardiac Institute

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Health — General and Rehabilitative / Health Treatment Facilities, Primarily Outpatient (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$73.1k (2023)

Expenses
$1.04k (2023)

Total Assets
$1.31M (2023)

Total Liabilities
$192k (2023)

Source: Form 990 tax filings from 2010 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Sept.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$73,067
Expenses
$1,044
Net Income
$72,023
Net Assets
$1,121,526
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $64,223
87.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $8,844
12.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,313,414
Total Liabilities $191,888
Net Assets $1,121,526
Compensation
Key Employees and Officers Compensation Related Other
Todd Burch (Chairman & President/Ceo) $0 $630,578 $137,289
Shari Schult (Secretary/ Vp Operations) $0 $250,702 $12,349
Michael Prusaitis (Treasurer/Vp Of Finance/Cf) $0 $321,171 $25,234
Brett Malek (Vp Hr Started 2023) $0 $0 $0
Andrew Mcdonagh (Vp Cmo) $0 $428,982 $34,731
Laura Daniel (Vp Patient Svcs Cno (Part Year)) $0 $218,636 $16,959
Julie Jarema (Vp Philanthropy) $0 $193,268 $25,410
Jennifer Woods (Secretary & Vp Patient Care Part Year) $0 $299,425 $17,340
Debbie Rosenburg (Vp Hr Former) $0 $256,532 $11,386

Document Links

Fiscal Year Ending Sept.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$167,154
Expenses
$2,380
Net Income
$164,774
Net Assets
$1,049,503
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $0
Investment Income $7,680
4.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $159,474
95.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,360,586
Total Liabilities $311,083
Net Assets $1,049,503
Compensation
Key Employees and Officers Compensation Related Other
Todd Burch (Chairman & President/Ceo) $0 $568,882 $128,012
Wayne Knight (Treasurer/Vp Of Finance/Cfo Part Year) $0 $80,769 $4
Shari Schult (Secretary/ Vp Operations) $0 $227,940 $10,997
Jennifer Woods (Secretary & Vp Patient Care Part Year) $0 $239,054 $26,038
Michael Prusaitis (Treasurer/Vp Of Finance/Cfo) $0 $206,996 $10,550
Derek Peters (Vp Human Resources Part Year) $0 $212,898 $25,168

Document Links

Fiscal Year Ending Sept.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$13,380
Expenses
$3,150
Net Income
$10,230
Net Assets
$924,403
Notable Sources of Revenue Percent of Total Revenue
Contributions $13,380
100%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,813,867
Total Liabilities $889,464
Net Assets $924,403
Compensation
Key Employees and Officers Compensation Related Other
Todd Burch (Chairman & President/Ceo) $0 $432,020 $127,868
Jennifer Woods (Secretary & Vp Patient Car) $0 $190,925 $23,145
Steven Thompson (Treasurer/Vp Of Finance/Cfo Part Year) $0 $296,897 $12,160
Michael Prusaitis (Vp Of Finance) $0 $0 $0
Wayne Knight (Treasurer/Director Part Year) $0 $57,692 $2
Derek Peters (Vp Human Resources) $0 $162,510 $21,405
David Bellamy (Former Treasurer/Vp Of Finance/Cfo) $0 $97,697 $2,689

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Fiscal Year Ending Sept.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$183,331
Expenses
$27,258
Net Income
$156,073
Net Assets
$914,173
Notable Sources of Revenue Percent of Total Revenue
Contributions $183,331
100%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,390,019
Total Liabilities $1,475,846
Net Assets $914,173
Compensation
Key Employees and Officers Compensation Related Other
David Bellamy (Former Treasurer/Vp Finance/Cfo) $0 $357,285 $29,370
Todd Burch (Chairman & President/Ceo) $0 $356,896 $10,876
Jennifer Woods (Secretary & Vp Patient Care) $0 $202,193 $27,777
Derek Peters (Vp Human Resources) $0 $156,308 $21,006
David Zechman (Former Chairman & President/Ceo) $0 $175,660 $7,655
Steven Thompson (Treasurer/Vp Of Finance/Cfo) $0 $91,346 $0

Document Links

Fiscal Year Ending Sept.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$117,089
Expenses
$2,937
Net Income
$114,152
Net Assets
$758,100
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $117,089
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,631,586
Total Liabilities $1,873,486
Net Assets $758,100
Compensation
Key Employees and Officers Compensation Related Other
David Zechman (Chairman & President/Ceo Part Year) $0 $890,745 $29,783
David Bellamy (Treasurer/Vp Finance/Cfo Part Year) $0 $412,910 $34,596
Jennifer Woods (Secretary & Vp Patient Care) $0 $224,369 $22,645
Todd Burch (Chairman & President/Ceo) $0 $0 $0
Steven Thompson (Treasurer/Vp Of Finance/Cfo) $0 $0 $0
Eugene Kaminski (Vp Of Human Resources Part Year) $0 $177,769 $9,607
Guy Golembiewski Md (Chief Med Info Officer) $0 $276,809 $19,102

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Fiscal Year Ending Sept.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$56,216
Expenses
$0
Net Income
$56,216
Net Assets
$643,948
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $56,216
100%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,627,828
Total Liabilities $983,880
Net Assets $643,948
Compensation
Key Employees and Officers Compensation Related Other
David Corteville (Physician) $213,173 $0 $4,077
Linda Gossett (Physician) $122,551 $0 $4,902
David Zechman (Chairman & President/Ceo) $0 $747,044 $28,832
David Bellamy (Treasurer/Vp Of Finance/Cfo) $0 $374,598 $31,635
Jennifer Woods (Secretary & Vp Patient Care) $0 $193,604 $20,100
Harry Colfer (Physician) $0 $732,689 $59,409
Gerald A Gadowski Do (Physician) $0 $605,548 $59,409
John Talbott (Physician) $0 $657,158 $50,444
Daniel Buerkel (Physician) $0 $603,377 $17,408
Caroline Seagren (Chief Dev Officer) $0 $202,764 $21,335
Eugene Kaminski (Vp Of Human Resources) $0 $257,308 $23,070
Kirk Lufkin (Vp Chief Medical Officer) $0 $272,240 $12,930
Guy Golembiewski Md (Chief Med Info Officer) $0 $250,142 $22,190

Document Links

Fiscal Year Ending Sept.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$264,442
Expenses
$8,728,120
Net Income
-$8,463,678
Net Assets
-$6,347,739
Notable Sources of Revenue Percent of Total Revenue
Contributions $109,062
41.2%
Program Services $155,380
58.8%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,441,389
Total Liabilities $7,789,128
Net Assets -$6,347,739
Compensation
Key Employees and Officers Compensation Related Other
Jason Ricci (Physician Part Year) $654,248 $131,565 $22,952
Duane W Schuil (Physician) $568,284 $57,675 $22,952
Thomas Earl (Physician) $562,694 $105,680 $22,952
Harry Colfer (Physician) $548,438 $92,102 $17,731
Waleed Doghmi (Physician) $544,918 $0 $13,250
Louis Cannon (Physician Part Year) $533,462 $369,871 $23,012
Linda Gossett (Physician) $473,318 $91,672 $16,675
Naomi A Overton (Physician) $465,747 $127,799 $18,576
Gerald A Gadowski Do (Physician) $417,498 $188,316 $23,012
David Corteville (Physician Part Year) $404,642 $241,271 $20,625
Daniel Buerkel (Physician) $193,638 $7,454 $2,441
David Zechman (Chairman & President/Ceo) $0 $1,050,585 $26,593
David Bellamy (Treasurer/Vp Of Finance/Cfo) $0 $375,127 $25,387
Jennifer Woods (Secretary & Vp Patient Care) $0 $0 $0
John Talbott (Physician) $0 $662,734 $20,040
Caroline Seagren (Chief Dev Officer) $0 $198,434 $24,440
Eugene Kaminski (Vp Of Human Resources) $0 $236,504 $26,937
Kirk Lufkin (Vp Chief Medical Officer) $0 $367,830 $15,062
Guy Golembiewski Md (Chief Med Info Officer) $0 $221,970 $27,321
Mary Anne Ponti (Former Secretary & Coo) $0 $242,260 $5,796

Document Links

Fiscal Year Ending Sept.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,808,029
Expenses
$10,983,287
Net Income
-$5,175,258
Net Assets
$499,609
Notable Sources of Revenue Percent of Total Revenue
Contributions $11,618
0.2%
Program Services $5,796,405
99.8%
Investment Income $6
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $7,827,626
71.3%
Assets/Debt
Total Assets $3,155,586
Total Liabilities $2,655,977
Net Assets $499,609
Compensation
Key Employees and Officers Compensation Related Other
Louis Cannon (Physician) $582,726 $352,436 $23,445
Harry Colfer (Physician) $569,756 $129,830 $20,736
Duane W Schuil (Physician) $533,516 $91,688 $22,726
Waleed Doghmi (Physician) $507,700 $0 $19,962
Thomas Earl (Physician) $491,902 $136,769 $22,726
Naomi A Overton (Physician) $468,701 $156,858 $15,495
David Corteville (Physician) $412,564 $342,489 $21,562
Gerald A Gadowski Do (Physician) $329,579 $234,871 $23,445
Jason Ricci (Physician) $282,392 $132,545 $22,726
David Bellamy (Treasurer/Vp Of Finance/Cf) $0 $405,200 $9,913
David Zechman (Chairman & President/Ceo) $0 $612,630 $179,940
Jennifer Woods (Secretary & Vp Patient Care) $0 $175,371 $18,399
Chris W Akins (Physician) $0 $564,851 $23,445
Caroline Seagren (Chief Dev Officer) $0 $213,969 $33,993
Eugene Kaminski (Vp Of Human Resources) $0 $241,953 $37,029
Kirk Lufkin (Vp Chief Medical Officer) $0 $379,761 $15,495
Mary Anne Ponti (Secretary & Coo) $0 $339,880 $53,136
Guy Golembiewski Md (Chief Med Info Officer) $0 $229,413 $27,447

Document Links

Fiscal Year Ending Sept.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$6,250,863
Expenses
$9,600,791
Net Income
-$3,349,928
Net Assets
$856,852
Notable Sources of Revenue Percent of Total Revenue
Contributions $374,955
6.0%
Program Services $5,883,706
94.1%
Investment Income $29
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$7,827
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $6,804,143
70.9%
Assets/Debt
Total Assets $2,473,939
Total Liabilities $1,617,087
Net Assets $856,852
Compensation
Key Employees and Officers Compensation Related Other
Jason Ricci (Physician) $545,943 $166,685 $24,935
Duane Schuil (Physician) $516,743 $95,146 $24,938
Harry Colfer (Physician) $509,987 $142,718 $23,030
Naomi Overton (Physician) $425,840 $201,955 $18,156
David Corteville (Physician) $317,937 $426,457 $25,959
David Bellamy (Treasurer/Vp Of Finance/Cfo) $0 $420,000 $0
David Zechman (Chairman & President/Ceo) $0 $430,503 $115,034
Mary Anne Ponti (Secretary & Coo) $0 $284,629 $31,761
Caroline Seagren (Chief Dev Officer) $0 $197,627 $35,928
Eugene Kaminski (Vp Of Human Resources) $0 $224,393 $37,488
Jennifer Woods (Vp Chief Nurse Executive) $0 $159,126 $19,124
Kirk Lufkin (Vp Chief Medical Officer) $0 $355,236 $18,801
Guy Golembiewski Md (Chief Med Info Officer) $0 $202,758 $27,886
Catherine Devet (Former President/Ceo) $0 $237,438 $24

Document Links

Fiscal Year Ending Sept.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,986,117
Expenses
$9,050,494
Net Income
-$3,064,377
Net Assets
-$10,885,161
Notable Sources of Revenue Percent of Total Revenue
Contributions $8,603
0.1%
Program Services $5,977,507
99.9%
Investment Income $7
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $6,525,776
72.1%
Assets/Debt
Total Assets $1,912,471
Total Liabilities $12,797,632
Net Assets -$10,885,161
Compensation
Key Employees and Officers Compensation Related Other
Louis Cannon (Physician) $513,152 $101,649 $27,608
Jason Ricci (Physician) $498,617 $142,059 $29,045
Duane Schuil (Physician) $484,744 $88,968 $28,009
Harry Colfer (Physician) $449,190 $121,543 $21,544
Peter Levanovich (Physician) $380,599 $172,630 $27,347
David Zechman (Chairman & President/Ceo 2 Nd Part Year) $0 $61,634 $318
Catherine Devet (Chairman & President/Ceo 1 St Part Year) $0 $529,361 $18,900
Mary Anne Ponti (Secretary & Coo) $0 $275,265 $23,103
David Bellamy (Treasurer & Vp Of Finance/Cfo) $0 $322,741 $0
Eugene Kaminski (Vp Of Human Resources) $0 $209,479 $21,919
Caroline Seagren (Chief Dev Officer) $0 $179,691 $28,959
Jennifer Woods (Vp Chief Nurse Executive) $0 $143,810 $20,139
Kirk Lufkin (Vp Chief Medical Officer) $0 $302,024 $13,819

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Fiscal Year Ending Sept.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$12,436,645
Expenses
$13,047,613
Net Income
-$610,968
Net Assets
-$7,820,784
Notable Sources of Revenue Percent of Total Revenue
Contributions $524,852
4.2%
Program Services $11,911,787
95.8%
Investment Income $6
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $916,533
7.0%
Professional Fundraising Fees $0
Other Salaries and Wages $8,105,835
62.1%
Assets/Debt
Total Assets $2,101,298
Total Liabilities $9,922,082
Net Assets -$7,820,784

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Fiscal Year Ending Sept.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$9,367,849
Expenses
$9,991,295
Net Income
-$623,446
Net Assets
-$7,209,816
Notable Sources of Revenue Percent of Total Revenue
Contributions $19,902
0.2%
Program Services $3,164,597
33.8%
Investment Income $2
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $11,900
0.1%
Net Inventory Sales $0
Other Revenue $6,171,448
65.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $6,737,883
67.4%
Assets/Debt
Total Assets $1,353,016
Total Liabilities $8,562,832
Net Assets -$7,209,816

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$12,473,759
Expenses
$12,632,128
Net Income
-$158,369
Net Assets
-$6,589,203
Notable Sources of Revenue Percent of Total Revenue
Contributions $513,415
4.1%
Program Services $5,061,909
40.6%
Investment Income $4
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $1,790
0.0%
Net Inventory Sales $0
Other Revenue $6,896,641
55.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $2,017,647
16.0%
Professional Fundraising Fees $0
Other Salaries and Wages $6,102,119
48.3%
Assets/Debt
Total Assets $1,563,814
Total Liabilities $8,153,017
Net Assets -$6,589,203

Document Links

Fiscal Year Ending Dec.
2010

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$9,038,294
Expenses
$13,645,299
Net Income
-$4,607,005
Net Assets
-$6,430,834
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,995
0.0%
Program Services $7,922,973
87.7%
Investment Income $40
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,113,286
12.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $2,108,313
15.5%
Professional Fundraising Fees $0
Other Salaries and Wages $6,221,488
45.6%
Assets/Debt
Total Assets $1,878,368
Total Liabilities $8,309,202
Net Assets -$6,430,834

Document Links

Fiscal Year Ending Dec.
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
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  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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