North American Fetal Therapy Network Inc

Nonprofit profile at a glance

EIN
562629825
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Roseville, MN, USA
Phone
9526462060
Rating
74
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Medical Disciplines Research

Official website

Reported finances

Revenue
$192,624
Expenses
$201,074
Assets
$571,169
Liabilities
$0

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

Leadership & pay

10 people listed

People named in this filing

  • ANTHONY JOHNSON (TREASURER)
  • JENA MILLER (VICE CHAIR)
  • RUSSELL MILLER (MEMBER)

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

North american fetal therapy network, inc. ("naftnet") has been organized to facilitate the research of therapy for fetuses. The members and affiliates of naftnet are hospitals and other organizations with fetal treatment in north america having active clinical programs centers in fetal therapy. The primary functions of naftnet are to provide a cooperative clinical research network to study the natural history of fetal disease; evaluate therapeutic prenatal interventions to improve outcomes and to make data on fetal therapies from the members and affiliates available to researchers approved by naftnet. In addition, naftnet will function as an educational resource for patients and for healthcare providers and train future leaders in basic science research in the field of fetal intervention.

What it reported doing in 2024

The north american fetal therapy network (naftnet) advanced its mission to facilitate research and collaboration in fetal therapy through multi-center studies, education, and data sharing initiatives. In 2024, naftnet supported over 50 member fetal centers across north america, providing a platform for collaboration among physicians, nurses, and researchers specializing in fetal diagnosis and treatment. Key accomplishments included: collaborative research: continued management of multi-center registries and clinical studies focused on improving outcomes for fetuses and mothers undergoing prenatal interventions. Education and knowledge sharing: hosted the 2024 naftnet fall meeting in chicago, il, and multiple educational webinars through the naftnet webinar series, reaching more than 600 clinicians, researchers, and trainees worldwide. Data and quality initiatives: advanced the development of the naftnet database to collect procedure and outcomes data from participating centers to support evidence-based standards of care. Community engagement: expanded partnerships with allied professional societies and encouraged participation from emerging fetal therapy programs to strengthen the field and improve patient outcomes. Through these activities, naftnet continues to advance research, collaboration, and education in the field of fetal therapy improving care for families affected by complex fetal conditions.

Operating model

Revenue model
Earned-program. 94% of the money available for current operations came from fees and other program revenue.
Distribution model
Hybrid. The nonprofit split its reported program spending across 53% for direct work, and 47% for grants.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 57
  • Transparency & Controls: 93
  • Accountability: 76
  • Sustainability: 52
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 64%; rating input score 64
  • Program expense ratio: 63.3%; rating input score 63
  • 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: 100%; rating input score 100; 80th percentile among comparable filings
  • Major donor itemization: Limited
  • 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: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -4.4%; rating input score 30; 30th percentile among comparable filings
  • Total-asset coverage ratio: 2.84; rating input score 68; 68th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 80; 80th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings

Growth

  • Program expense growth: 12.5% per year; rating input score 100; 75th percentile among comparable filings
  • Revenue growth: 10.5% per year; rating input score 100; 73rd percentile among comparable filings
  • Asset growth: 11.5% per year; rating input score 100; 70th percentile among comparable filings

Details

  • Where the money goes: 64% of revenue deployed · 63.3% of spending went to programs
  • Governance: 9 of 9 board members independent · 3 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $127K in reported program spending
  • Leadership: top reported pay $0 · 10 people listed
  • Consistency: 21 of 21 current checks pass
  • Schedules: 3 filed schedules · includes grants
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 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.

  • Moderate — Accountability: Governance controls: 3 of 6 not reported.
  • Moderate — Sustainability: Operating margin scored 30/100.