Cardiovascular Research Foundation

Nonprofit profile at a glance

EIN
521752653
IRS 990 coverage
2010–2024
Official website data refreshed
Sep 2026
Forms available
Form 990 2024
Location
New York, NY, USA
Phone
6464344691
Rating
82
Verdict
STRONG
Rating confidence
Moderate
Sector
Birth Defects, Genetic Diseases Research

Official website

Reported finances

Revenue
$68,904,326
Expenses
$66,655,898
Assets
$87,491,417
Liabilities
$37,248,809

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

18 people listed

Executive titles in this filing

  • JUAN F GRANADA MD (CEO & DIRECTOR)
  • TRICIA RAWH (EXECUTIVE DIRECTOR, CED)

Highest reported compensation

  • JUAN F GRANADA MD (CEO & DIRECTOR): $1,002,558 total reported compensation
  • DAVID COHEN (DIRECTOR OF CLINICAL & OUT): $736,673 total reported compensation
  • EILEEN MORALES (CFO): $513,647 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Advancing breakthrough technologies, clinical evidence, education, and digital platforms across interventional cardiology.

What it reported doing in 2024

Tct 2024 (transcatheter cardiovascular therapeutics) meeting - the cardiovascular research foundation (crf) stands at the forefront of education in cardiovascular medicine. This focus reflects the crf faculty's commitment to sharing and disseminating the latest clinical research information to the broadest audience at the earliest possible date. The fundamental goal of crf's education program is to enable the global physician community to apply important new knowledge to actual patient care. Crf's principal annual educational event, transcatheter cardiovascular therapeutics (tct) meeting, is the world's largest educational meeting dedicated to the field of interventional vascular therapy. This is the showcase educational event in the cardiovascular field and is used to educate and exchange study findings and to improve treatment of patients who have cardiovascular disease.

Operating model

Revenue model
Earned-program. 87% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 98% 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

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing reports few safeguards for money sent abroad and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 85
  • Transparency & Controls: 73
  • Accountability: 95
  • Sustainability: 43
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 82.8%; rating input score 83
  • Program expense ratio: 87.5%; rating input score 88
  • Fundraising efficiency: $172.47 raised per $1 spent on fundraising; rating input score 89; 89th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
  • Pay-setting controls: 4 of 6 controls in place; rating input score 67
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Pass
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Scored; rating input score 0
  • Grant itemization coverage: 100%; rating input score 100; 77th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 90.9%; rating input score 91; 39th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 3.3%; rating input score 49; 49th percentile among comparable filings
  • Total-asset coverage ratio: 1.31; rating input score 49; 49th percentile among comparable filings
  • Liabilities to assets ratio: 0.43; rating input score 42; 42nd percentile among comparable filings
  • Officer compensation ratio: 6.7%; rating input score 8; 8th percentile among comparable filings

Growth

  • Program expense growth: 2.4% per year; rating input score 100; 18th percentile among comparable filings
  • Revenue growth: 2.9% per year; rating input score 100; 22nd percentile among comparable filings
  • Asset growth: 8.9% per year; rating input score 100; 64th percentile among comparable filings

Details

  • What they do: 6 programs and campaigns described on the official site · 1 operating location identified
  • Where the money goes: 82.8% of revenue deployed · 87.5% of spending went to programs
  • Governance: 10 of 11 board members independent · 9 of 9 filing controls reported
  • Programs: 4 filed program accomplishments · $58.3M in reported program spending
  • Leadership: top reported pay $1M · 18 people listed · 4 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $986K reported
  • Consistency: 38 of 38 current checks pass
  • Schedules: 10 filed schedules · includes major donors, foreign activity, grants, and executive pay
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 9 filed money-flow records
  • Related organizations: 2 filed related-organization links
  • 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.

  • High — Transparency & Controls: Foreign activity oversight scored 0/100.
  • Moderate — Sustainability: Operating margin scored 49/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 49/100.
  • High — Sustainability: Officer compensation ratio scored 8/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 42/100.