Foundation for Advanced Cardiovascular Education and Training

Nonprofit profile at a glance

EIN
263122805
IRS 990 coverage
2017–2024
Forms available
Form 990 2024, Form 990-EZ 2016
Location
Plano, TX, USA
Phone
9728327752
Rating
61
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Professional Societies, Associations

Official website

Reported finances

Revenue
$2,040,783
Expenses
$2,429,601
Assets
$547,744
Liabilities
$21,881

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

Leadership & pay

3 people listed

Highest reported compensation

  • KATHRYN HOBBS (DIRECTOR): $177,246 total reported compensation

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

Overview

Mission

The foundation's tax exempt purpose is to promote and facilitate physician access to quality continuing medical education through facet's accredited cme program. The activities will update physicians on new diagnosis and treatment modalities, improve clinical skills, and improve patient outcomes.

What it reported doing in 2024

The foundation provided accreditation for and supported additional continuing medical education programs in 2024 as follows: advanced heart - this program is designed to increase the participant's knowledge of current advances in the diagnosis and management of heart failure. This continuing education activity is intended for hospitals, cardiologists, internists, general practioners, physican assistants, nurse practioners, and nurses with an interest in heart failure care.liver transplant for acute alcoholic hepatitis - 2024 cme regarding liver transplantation and ethics for healthcare professionals.dallas echo conference - this meeting is an opportunity to learn and discuss new topics in echocardiography focused on advanced imaging as it pertains to evaluating and preparing patients for new technologies in valve, heart failure, and structural therapies.8th annual gyn onc symposium - 2024 cme regarding education for physicians, healthcare professionals, and gynecologic cancer survivors and caretakers. Hear from a multidisciplinary faculty across three specialized tracks designed for the unique interests of speech pathologists and otolaryngologists, gastroenterologists and primary care physicians, or technicians and nurses.med profusion program - this course will include captivating lectures on both minimally invasive cardiac surgery and extracorporeal membrane oxygenation (ecmo). Focus will be on surgical techniques as well as cannulation for these respective patient groups.dallas pci - this program will be an independant education program for the purpose of educating physicians and allied health. Facet, the program coordinator, will have the sole responsibility for content and program.dallas cv updates - 2025 will feature a wide variety of the latest updates in congestive heart failure, pulmonary hypertension, coronary artery disease, cardiac arrhythmias, congenital heart disease, anticoagulation, preventive cardiology, and valvular heart disease, among others. Upon conclusion of this program, participants should be able to: assess indications, use, and limitations of different types of anticoagulants in a diverse spectrum of cardiovascular diseases. Evaluate peri-procedure management of anticoagulation in patients with nonvalvular atrial fibrillation. Recite the current indications and contra-indications for tavr, mitral valve clip and potential new indications for percutaneous tricuspid valve replacement. Apply the latest hypertension and cardiovascular (cv) guidelines to improve overall morbidity/mortality rates. Describe practice changes to improve care for patients with congenital heart disease. Summarize guidelines to increase preventive care for patients with cv diseases. Apply current guidelines for the treatment of congestive heart failure (chf). Describe clinical features of primary pulmonary arterial hypertension. Describe cardiovascular adaptation to exercise and review risks and benefits of exercise in patients with cardiovascular diseases.eras symposium - successful implementation of an enhanced recovery after surgery (eras) program requires a multidisciplinary team effort and active participation of the patient in the recovery program. The eras program is an opportunity to collaborate with leading experts in the field with a goal to hasten functional recovery and improve postoperative outcomes. After attending the meeting, participants should be able to identify and discuss the following topics: how does eras vary from specialty to specialty? How does eras complement bswh strategies and values? How do we leverage our tools and resources to improve perioperative care? Dallas aorta - while uncommon, acute aortic dissection is an infrequent but catastrophic disorder. Patients present with teach chest pain that radiates to the back. It is essential to be able to differentiate aortic dissection from other causes of chest pain. This activity describes the etiology, classification, pathophysiology, evaluation, and man

Operating model

Revenue model
Donor-supported. 87% of the money available for current operations came from contributions and gifts.
Distribution model
Hybrid. The nonprofit split its reported program spending across 50% for direct work, and 50% for grants.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 64
  • Transparency & Controls: 66
  • Accountability: 50
  • Sustainability: 19
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 77.3%; rating input score 77
  • Program expense ratio: 65%; rating input score 65
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 91.7%; rating input score 92; 7th 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: 89.2%; rating input score 89; 25th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 66.7%; rating input score 67; 11th percentile among comparable filings
  • Governance controls: 2 of 8 controls in place; rating input score 25
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -19.1%; rating input score 7; 7th percentile among comparable filings
  • Total-asset coverage ratio: 0.23; rating input score 7; 7th percentile among comparable filings
  • Liabilities to assets ratio: 0.04; rating input score 73; 73rd percentile among comparable filings
  • Officer compensation ratio: 7.3%; rating input score 40; 40th percentile among comparable filings

Growth

  • Program expense growth: 12.2% per year; rating input score 100; 71st percentile among comparable filings
  • Revenue growth: 14.4% per year; rating input score 100; 80th percentile among comparable filings
  • Asset growth: 11.1% per year; rating input score 100; 63rd percentile among comparable filings

Details

  • Where the money goes: 77.3% of revenue deployed · 65% of spending went to programs
  • Governance: 2 of 3 board members independent · 2 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $1.6M in reported program spending
  • Leadership: top reported pay $177K · 3 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 31 of 32 current checks pass · 1 finding to review
  • Schedules: 6 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 8 filing years from 2017 to 2024
  • Contacts: How to reach this organization
  • Money network: 7 filed money-flow records
  • 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.

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 — Transparency & Controls: Pay-setting controls scored 0/100.
  • High — Accountability: Governance controls: 5 of 7 not reported.
  • High — Sustainability: Operating margin scored 7/100.
  • High — Sustainability: Total-asset coverage ratio scored 7/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • Moderate — Sustainability: Officer compensation ratio scored 40/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.