Cardiovascular Peer Review Llc

Nonprofit profile at a glance

EIN
465519299
IRS 990 coverage
2016–2020
Forms available
Form 990 2020
Location
Midlothian, VA, USA
Phone
8046399213
Rating confidence
Limited
Sector
Health Support Services

Official website

Reported finances

Revenue
$0
Expenses
$19,135
Assets
$535,000
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2020. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

  • Peggy McElgunn (Executive Director)

People named in this filing

  • Bonnie Weiner (Trustee)
  • Stephen Bailey (Trustee)
  • Peggy McElgunn (Executive Director)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2020. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Cardiovascular Peer Review LLC was founded as an independent organization to enhance quality of providers of healthcare delivery, particularly cardiovascular services. CPR focuses on improving quality among providers of all aspects of cardiovascular care with special emphasis on catheter based procedures through a program to ensure quality care and improved patient safety and outcomes. This effort is achieved through the establishment of standards and through oversight of quality assurance systems to improve patient safety and outcomes from cardiovascular procedures. CPR focuses on providing services to advance quality to facilities and providers in the cardiovascular community. CPR also serves as an independent review organization for those programs and providers that have been identified by payers as requiring quality assurance guidance, training and/or support.

What it reported doing in 2020

Cardiovascular Peer Review LLC (CPR) is an independent review organization that assists healthcare providers ensure organizational compliance with conditions and specifications for their corporate integrity agreements issued by the office of the Inspector General. Reviews are conducted by physician reviewers taht are experts in the field of diagnostic and interventional cardiology and electrophysiology

Operating model

Revenue model
No positive adjusted resources. The filing reports no positive adjusted operating resources.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: 75
  • Transparency & Controls: 90
  • Accountability: 70
  • Sustainability: 41
  • Growth: 20

Detailed rating inputs

Financial Efficiency

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

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 2 of 7 controls in place; rating input score 29
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: Limited
  • Total-asset coverage ratio: 27.96; rating input score 85; 85th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 71; 71st percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 61; 61st percentile among comparable filings

Growth

  • Program expense growth: -33.3% per year; rating input score 0; 15th percentile among comparable filings
  • Revenue growth: -25.1% per year; rating input score 0; 18th percentile among comparable filings
  • Asset growth: 33.7% per year; rating input score 100; 96th percentile among comparable filings

Details

  • Where the money goes: 100% of spending went to programs
  • Governance: 2 of 2 board members independent · 2 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $19K in reported program spending
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 14 of 14 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 4 filing years from 2016 to 2020
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Accountability: Governance controls: 4 of 6 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.