The Stern Cardiovascular Foundation Inc

What it reported doing in 2023

The stern cardiovascular foundation, inc. Provides quality medical health care regardless of race, creed, sex, national origin, handicap, or age. Patients of every race, creed and socioeconomic group come tothe stern cardiovascular foundation, inc. From several states, with most of its patients coming from west Tennessee, east Arkansas, and north Mississippi. Although reimbursement for services rendered is critical to the operation and stability of the stern cardiovascular foundation, inc., it is recognized that not all individuals possess the ability to purchase essential medical services, and further, that our mission is to serve the community with respect to providing health care services and health care education. Therefore, in keeping with our commitment to serve all members of our community, the stern cardiovascular foundation, inc. Provides the following:- free care and/or subsidized care where the need and/or an individual's inability to pay coexist,- care provided to persons covered by governmental programs at below cost, and- health activities and programs to support the community.these activities include wellness programs, community education programs, programs for the elderly, handicapped, medically underserved, and a variety of broad community support activities. The stern cardiovascular foundation, inc. Has aligned with baptist memorial health care corporation and now has 43 cardiologists. Known as one of the largest medical research areas in the country, the stern cardiovascular foundation, inc. Is recognized as one of the leading cardiovascular research and treatment centers in the country. Utilizing state-of-the-art medical technology, the stern cardiovascular foundation, inc. Is committed to excellence and compassion in its treatment of patients. The stern cardiovascular foundation, inc. Opened the stern cardiovascular vein center for comprehensive treatment of chronic venous insufficiency and varicose veins. We also have specialized outpatient clinics for the treatment of a-fib and congestive heart failure (chf). We are very proud of our many outreach locations which allow outpatient consults for rural neighborhoods, which do not have access to top notch medical care. Inpatient services include tests and procedures to diagnose and treat cardiac needs such as cardiac catheterization - approximately 6,600; ptca-stent - approximately 2,700; electrophysiology study - approximately 1,500; peripheral vascular study - approximately 1,700; tavrs - approximately 220; mitral clips - approximately 70; and ablation - approximately 1,400.the stern cardiovascular foundation, inc. Has an active base of approximately 82,000 patients. Our outpatient services include cardiac wellness exams for both men and women, interventional cardiology, pacing and arrhythmia management, vascular screening exams, device clinic, coumadin clinic and lipid clinic. We offer educational sessions regarding lipid management and weight control. Our physicians proactively counsel patients on healthy lifestyles at each appointment and work collaboratively with other area providers.cardiac wellness exams and screening tests are used to rule out heart disease and determine cardiac risks. At the stern cardiovascular foundation, inc., we take a heart healthy approach to getting fit.the stern cardiovascular foundation, inc. Also has clinics in which diagnostic tests are performed. Patients may also come to the stern cardiovascular foundation, inc. For flu shots and immunizations without an appointment. The stern cardiovascular foundation, inc. Also offers programs such as the lipid, coumadin, and pacemaker clinics to help patients better understand and manage their cardiac health.lipid clinic - if your cholesterol is high, so is your chance for a heart attack, stroke, or blockages in your leg arteries. As your cholesterol is lowered, so are your risks for these problems. The lipid clinic provides information about foods that are good or bad for your chole

Financial Efficiency

• Mission deployment rate: 100%; rating input score 100
• Program expense ratio: 93.7%; rating input score 94
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
• Pay-setting controls: 0 of 6 controls in place; rating input score 0
  • Compensation committee: Missing
  • Independent consultant: Missing
  • Other Form 990s reviewed: Missing
  • Written employment contract: Missing
  • Compensation survey or study: Missing
  • Board or committee approval: Missing
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• Major donor itemization: Limited
• Related-party transparency: Yes; rating input score 100

Accountability

• Independent voting board: 0%; rating input score 0; 4th percentile among comparable filings
• Governance controls: 6 of 9 controls in place; rating input score 67
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Fail
  • Other executive compensation review process: Fail
  • Form 990 shared with the board: Fail
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: -80.5%; rating input score 0; 0th percentile among comparable filings
• Total-asset coverage ratio: 0.16; rating input score 4; 4th percentile among comparable filings
• Liabilities to assets ratio: 20.15; rating input score 0; 0th percentile among comparable filings
• Officer compensation ratio: 20.1%; rating input score 1; 1st percentile among comparable filings

Growth

• Program expense growth: 6.4% per year; rating input score 100; 53rd percentile among comparable filings
• Revenue growth: 4.2% per year; rating input score 100; 36th percentile among comparable filings
• Asset growth: 1.5% per year; rating input score 100; 13th percentile among comparable filings