Cardiovascular Research & Education
Nonprofit profile at a glance
- EIN
- 391858393
- IRS 990 coverage
- 2010–2011
- Forms available
- Form 990 2011
- Location
- Wausau, WI, USA
- Phone
- 7158472423
- Rating confidence
- Limited
- Sector
- Heart, Circulatory Research
Reported finances
- Revenue
- $546,569
- Expenses
- $858,316
- Assets
- $31,919
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2011. Amounts in USD.
Leadership & pay
8 people listed
Source: IRS Form 990. Selected filing: tax year 2011. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To advance the safe, effective and compassionate practice of cardiovascular medicine in north central Wisconsin. The care foundation promotes the understanding of cardiovascular disease and improves treatment options by: 1) conducting investigations and studies to discover, develop or verify the causes, diagnosis, treatment, prevention and control of cardiovascular disease. 2) planning and sponsoring continuing medical education for health care workers. 3) providing education opportunities for the public. 4) cooperating with aspirus wausau hospital to engage in a continuing joint effort to combat cardiovascular disease.
What it reported doing in 2011
Original researchthe care foundation conducts original clinical research projects. Original projects are those authored and conducted by care foundation researchers (principle investigators). Publications: comparison of effectiveness and safety of ranolazine verses amiodarone for preventing atrail fibrillation following coronary artery bypass grafting. American journal of cardiology, september, 2011.suppression of frequent ventricular ectopy in a patient with hypertonic heart disease with ranolazine: a case report. Indian pacing and electrophysiology journal, may-june, 2011, volume 11 number 3.ranolazine reduces ventricular tachycardia burden and icd shocks in patients with drug-refractory icd shocks. Pacing and clinical electrophysiology (pace) journal, december 2011, volumn 34abstracts: an absract from the reach trial results titled "radomized trial of high dose furosemide-hypertonic saline in acute decompressed heart failure with advanced renal disease" was submitted to the aha on november 21, 2011.abstracts were submitted to the national lipid association on "trygliceride to hld ratios and the relationship in insulin resistance" and "associations of highly sensitive c-reactive protein" and vitamin d3 with cardiovascular risk factors in children" (from the school project)original research trials: a trial call octopus which is a retrospective analysis of patients diagnosed with takotsubo cardiomyopathy to identify potential causes/patterns analyze outcomes and research best practices for treatment was initiated in april of 2011. The primary objective of this study is to compare clinical characteristics, prognosis and pathophysiology of patients who were treated at aspirus wausau hospital. 70 patient charts were reviewed and analyzed. An abstract titled pharmacologically induced takotsubo syndrome: clinical characterization with implications for treatment and mechanisms was submitted to the 61st annual scientific session 7 expo of the american college of cardiology on november 21, 2011.multi-center research trialsthe care foundation participated in 19 multi-center projects. Multi-center projects are chosen based on their scientific merit and ability to have immediate applicability to the clinical practice of cardiovascular medicine and provide patients the benefit of improved clinical knowledge.these projects are conducted on an inpatient and/or outpatient basis. For inpatient research, the foundation continues to work in close cooperation with the aspirus wausau hospital and aspirus heart & vascular institute.the care foundation received irb approval to open 3 new multi-center projects in 2011. Educationthe 21th annual winter conference, sponsored by the care foundation was held on february 11, 2011. Over 150 physicians and other health care providers attended the informational lectures and presentations covering topics on cardiovascular medicine and procedures.the care foundation organizes a monthly journal club for area health care providers to meet to discuss research results published in peer-reviewed journals. These sessions encourage discussion, foster ideas for original research, and provide strategies to improve care for patients. Cme credit is provided for each session.
Operating model
- Revenue model
- Earned-program. 82% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
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: NotEnoughData
- Transparency & Controls: 100
- Accountability: 82
- Sustainability: 23
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 60th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 73rd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
- Governance controls: 4 of 7 controls in place; rating input score 57
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- 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: -57%; rating input score 2; 2nd percentile among comparable filings
- Total-asset coverage ratio: 0.04; rating input score 2; 2nd percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 96; 96th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 86; 86th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 8.5% per year; rating input score 100; 66th percentile among comparable filings
- Asset growth: -166% per year; rating input score 0; 0th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 8 of 8 board members independent · 4 of 7 filing controls reported
- Programs: 2 filed program accomplishments · $581K in reported program spending
- Leadership: top reported pay $0 · 8 people listed
- Highest-paid contractors: 1 contractor listed
- Consistency: 14 of 14 current checks pass
- Schedules: 5 filed schedules · includes major donors and grants
- Filing history: 2 filing years from 2010 to 2011
- Money network: 1 filed money-flow record
- Related organizations: 1 filed related-organization link
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Accountability: Governance controls: 2 of 6 not reported.
- High — Sustainability: Operating margin scored 2/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 2/100.