Cardiac Institute
Petoskey, Michigan
B+Health Score
72B+
Financial Health Score
8-metric score across financial health, operational efficiency, and resilience. Based on IRS Form 990 filing data.
Good
How This Organization Compares
Compared to 2 peers in Health Care with <$100K revenue
Working Capital Ratio (net assets ÷ expenses)
This Org1074.26×
Peer Median58.69×
💰
$73K
Total Revenue
📊
$1K
Total Expenses
🏦
$1.1M
Net Assets
📋
$192K
Total Liabilities
Financial Trends
5-Year Trend Analysis
Financial Health Indicators
Revenue Growth
-56.3%
Year-over-year change (2022 → 2023)
Net Margin
+98.6%
Revenue minus expenses as % of revenue
Working Capital Ratio
1074.26
Net assets divided by total expenses
Liabilities-to-Assets
14.6%
Total liabilities as % of total assets
Filing History
14 filings on record| Year | Revenue | Expenses | Assets | |
|---|---|---|---|---|
| 2023 | $73,067↓56% | $1,044↓56% | $1,313,414↓3% | — |
| 2022 | $167,154↑1149% | $2,380↓24% | $1,360,586↓25% | — |
| 2021 | $13,380↓93% | $3,150↓88% | $1,813,867↓24% | — |
| 2020 | $183,331↑57% | $27,258↑828% | $2,390,019↓9% | — |
| 2019 | $117,089↑108% | $2,937 | $2,631,586↑62% | — |
| 2018 | $56,216↓79% | $0↓100% | $1,627,828↑13% | — |
| 2017 | $264,442↓95% | $8,728,120↓21% | $1,441,389↓54% | — |
| 2016 | $5,808,029↓7% | $10,983,287↑14% | $3,155,586↑28% | — |
| 2015 | $6,250,863↑4% | $9,600,791↑6% | $2,473,939↑29% | — |
| 2014 | $5,986,117↓52% | $9,050,494↓31% | $1,912,471↓9% | — |
| 2013 | $12,436,645↑33% | $13,047,613↑31% | $2,101,298↑55% | — |
| 2012 | $9,367,849↓25% | $9,991,295↓21% | $1,353,016↓13% | — |
| 2011 | $12,473,759↑38% | $12,632,128↓7% | $1,563,814↓17% | — |
| 2010 | $9,038,294 | $13,645,299 | $1,878,368 | — |
Frequently Asked Questions
What does Cardiac Institute do?▼
Cardiac Institute is a health care nonprofit organization based in Michigan. It is classified under NTEE code E30 and is registered as a 501(c) tax-exempt organization with the IRS.
Is Cardiac Institute financially healthy?▼
Financial health scoring requires Form 990 filing data. Check back as we process more filings for Cardiac Institute.
How much revenue does Cardiac Institute generate?▼
Cardiac Institute reports $64K in annual revenue and holds $1.4M in total assets, based on IRS filings.
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