The Foundation to Advance Vascular Cures
Nonprofit profile at a glance
- EIN
- 942825216
- IRS 990 coverage
- 2011–2023
- Forms available
- Form 990 2023
- Location
- Redwood City, CA, USA
- Phone
- 6503686022
- Rating
- 70
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $1,853,089
- Expenses
- $1,111,076
- Assets
- $4,309,404
- Liabilities
- $200,038
Source: IRS Form 990. Selected filing: tax year 2023. Amounts in USD.
Leadership & pay
13 people listed
Executive titles in this filing
- ISABEL BJORK (SECRETARY, CEO)
Highest reported compensation
- ISABEL BJORK (SECRETARY, CEO): $230,237 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Our mission: to achieve better vascular health for all through a patient-centric approach to research and education. Our vision: a world where everyone experiences healthy vascular systems - the arteries and veins that support the effective functioning of all the body's organs.
What it reported doing in 2023
The wylie scholar award and the collaborative patient-centered research award provide career research grants that advance innovation in vascular research. The wylie scholar award is granted to outstanding young vascular surgeon-scientists who combine active patient care with academic research. The award supports crucial patient-centered research that enables them to compete for future research funding. Wylie scholars become north america's world-class vascular surgeon-scientists; many are now chiefs at major academic centers, prominent leaders in the field. Since 1996, we've supported 25 surgeon-scientists at 16 institutions around the country who are transforming patient care. The average return on investment for follow-on research funding is 30:1. The collaborative patient centered research award provides support for projects that offer innovative approaches with direct patient impact and are multi-institutional and responsive to the priorities identified at our annual vascular health innovation summit.
Operating model
- Revenue model
- Donor-supported. 78% of the money available for current operations came from contributions and gifts.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 57% for direct work, and 43% for grants.
The verdict
SUPPORTED - A large share of total spending goes to programs and the filed numbers largely add up. A relatively small share of available resources goes toward mission work and the filing does not identify recipients for some grant dollars.
Rating breakdown
- Financial Efficiency: 63
- Transparency & Controls: 62
- Accountability: 90
- Sustainability: 74
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 57.3%; rating input score 57
- Program expense ratio: 78.1%; rating input score 78
- Fundraising efficiency: $13.05 raised per $1 spent on fundraising; rating input score 47; 47th percentile among comparable filings
Transparency & Controls
- Consistency checks: 94.4%; rating input score 94; 25th percentile among comparable filings
- Pay-setting controls: 2 of 6 controls in place; rating input score 33
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 24.8%; rating input score 25; 26th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 92.3%; rating input score 92; 24th percentile among comparable filings
- Governance controls: 7 of 8 controls in place; rating input score 88
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 40%; rating input score 90; 90th percentile among comparable filings
- Total-asset coverage ratio: 3.88; rating input score 80; 80th percentile among comparable filings
- Liabilities to assets ratio: 0.05; rating input score 55; 55th percentile among comparable filings
- Officer compensation ratio: 20.7%; rating input score 13; 13th percentile among comparable filings
Growth
- Program expense growth: 10.6% per year; rating input score 100; 65th percentile among comparable filings
- Revenue growth: 3.7% per year; rating input score 100; 38th percentile among comparable filings
- Asset growth: 4.1% per year; rating input score 100; 35th percentile among comparable filings
Details
- Where the money goes: 57.3% of revenue deployed · 78.1% of spending went to programs
- Governance: 12 of 13 board members independent · 7 of 8 filing controls reported
- Programs: 3 filed program accomplishments · $868K in reported program spending
- Leadership: top reported pay $230K · 13 people listed · 2 of 6 pay-setting controls reported
- Highest-paid contractors: 1 contractor listed · $108K reported
- Consistency: 29 of 30 current checks pass · 1 finding to review
- Schedules: 6 filed schedules · includes major donors, grants, and executive pay
- Filing history: 13 filing years from 2011 to 2023
- Contacts: How to reach this organization
- Money network: 4 filed money-flow records
- Related organizations: 3 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.
- Review — Financial Efficiency: Mission deployment rate scored 57/100.
- High — Transparency & Controls: Grant itemization coverage scored 25/100.
- Moderate — Financial Efficiency: Fundraising efficiency scored 47/100.
- Review — Accountability: Governance controls: Form 990 shared with the board not reported.
- High — Sustainability: Officer compensation ratio scored 13/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- Review — Sustainability: Liabilities to assets ratio scored 55/100.