Vascular and Endovascular Surgery Society
Legal name: Foundation for Vascular Innovation Inc
Nonprofit profile at a glance
- EIN
- 453029438
- IRS 990-EZ coverage
- 2014–2018
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990-EZ 2018
- Location
- Salem, MA, US
- Phone
- 978-927-7800
- Rating
- 84
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Heart and Circulatory System Diseases, Disorders
Reported finances
- Revenue
- $38,688
- Expenses
- $48,114
- Assets
- $23,495
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2018. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- PETER R NELSON MD MS (PRESIDENT)
- JONATHAN ELIASON MD (VICE PRESIDENT)
People named in this filing
- MATTHEW CORRIERE MD (TREASURER/CFO)
- PETER R NELSON MD MS (PRESIDENT)
- JASON LEE MD (SECRETARY)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2018. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The VESS Mission is to improve the quality and safety of vascular & endovascular surgical procedures and general vascular care through education, scholarship, advocacy and leadership.
What it reported doing in 2018
The foundation provides grants for research endeavors, training and career development.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Revenue has declined or grown slowly and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 96
- Transparency & Controls: 82
- Sustainability: 33
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 88.6%; rating input score 89
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -24.4%; rating input score 19; 19th percentile among comparable filings
- Total-asset coverage ratio: 0.49; rating input score 30; 30th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 73; 73rd percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 52% per year; rating input score 100; 95th percentile among comparable filings
- Revenue growth: -9.6% per year; rating input score 0; 26th percentile among comparable filings
- Asset growth: -8.9% per year; rating input score 0; 21st percentile among comparable filings
Details
- What they do: 9 programs and campaigns described on the official site
- Where the money goes: 100% of revenue deployed · 88.6% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $43K in reported program spending
- Leadership: top reported pay $0 · 4 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 2 filed schedules
- Filing history: 5 filing years from 2014 to 2018
- 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 — Growth: Revenue growth scored 0/100.
- High — Sustainability: Operating margin scored 19/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 30/100.
- High — Growth: Asset growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.