Fetal Heart Society Inc
Nonprofit profile at a glance
- EIN
- 472144989
- IRS 990 coverage
- 2022–2024
- Forms available
- Form 990 2024, Form 990-EZ 2020, Form 990-N 2017
- Location
- Roseville, MN, USA
- Phone
- 9526462030
- Rating
- 66
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Heart, Circulatory Research
Reported finances
- Revenue
- $215,476
- Expenses
- $137,243
- Assets
- $516,067
- Liabilities
- $171,003
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
12 people listed
Executive titles in this filing
- ANITA MOON-GRADY (PRESIDENT)
People named in this filing
- BHAWNA ARYA (TREASURER)
- MARY DONOFRIO (PAST PRESIDE)
- LINDSAY FREUD (MEMBER-AT-LA)
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 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To advance the field of fetal cardiovascular care and science through collaborate research, education, and membership.
What it reported doing in 2024
Research: the fhs provides opportunities for individuals across institutions to collaborate and formulate research questions and analyze large volumes of multicenter data. This allows for meaningful results that can better shape the care and outcomes of these fetuses and children in the future. There are currently 20 active projects, with peer reviewed selection for research presentation at national and international conferences, an fhs research publication focused on socioeconomic determinants of fetal diagnosis of critical congenital heart disease, and several requests for fhs endorsement of guidelines. There are at 7 finalized fhs publications. Education: the fhs website is designed to have resources for those caring for families with fetal cardiovascular disease. Counseling guidance and fact sheets have been created and vetted by experts within the fhs and can be found on the website, so providers have a quick reference guide to counsel families on management and outcomes. The fhs has also hosted monthly educational webinars organized by leaders in our field focused on cutting-edge topics ranging from innovative therapies, ethics of fetal diagnosis, training strategies for the future, complex diagnoses, and other topics. These webinars are free of charge and have been an excellent international resource. The fhs has now had an annual symposium for 5 years straight with the most recent meeting november 2024 at phoenix children's fetal cardiology symposium in phoenix, az. Advocacy: the fhs is committed to advocacy for patients and families, as demonstrated by our first research publication focused on socioeconomic determinants of fetal diagnosis of critical congenital heart disease. Advocacy extends to career and program development for our members and their local teams. In the past year, the fhs has developed a mentorship committee for senior and junior team members to connect and learn from one another. The nursing committee focuses on the professional development of fetal cardiac nurses and works collaboratively to improve support for the families they care for. Finally, the fhs has recently formed a committee for fetal cardiology program leaders and qi initiatives, which will allow for improved standardization across centers for fetal cardiology program development with a collaborative, supportive community to share challenges and create solutions.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- 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
SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 41
- Transparency & Controls: 92
- Accountability: 76
- Sustainability: 72
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 37.2%; rating input score 37
- Program expense ratio: 59.8%; rating input score 60
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 3 of 7 controls in place; rating input score 43
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- 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: 36.3%; rating input score 86; 86th percentile among comparable filings
- Total-asset coverage ratio: 3.76; rating input score 74; 74th percentile among comparable filings
- Liabilities to assets ratio: 0.33; rating input score 15; 15th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings
Growth
- Program expense growth: -4.3% per year; rating input score 0; 18th percentile among comparable filings
- Revenue growth: 12.7% per year; rating input score 100; 78th percentile among comparable filings
- Asset growth: 27.9% per year; rating input score 100; 90th percentile among comparable filings
Details
- Where the money goes: 37.2% of revenue deployed · 59.8% of spending went to programs
- Governance: 11 of 11 board members independent · 3 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $82K in reported program spending
- Leadership: top reported pay $0 · 12 people listed
- Consistency: 18 of 18 current checks pass
- Schedules: 3 filed schedules · includes major donors
- Filing history: 3 filing years from 2022 to 2024
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Related organizations: Filed and resolved organization relationships.
- 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.
- Moderate — Financial Efficiency: Mission deployment rate scored 37/100.
- Moderate — Accountability: Governance controls: 3 of 6 not reported.
- High — Growth: Program expense growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 15/100.