Vascular Research Foundation Inc
Nonprofit profile at a glance
- EIN
- 261397827
- IRS 990-EZ coverage
- 2011–2012
- Forms available
- Form 990-EZ 2012
- Location
- Glen Rock, PA, USA
- Phone
- 7172350181
- Rating
- 46
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Heart, Circulatory Research
Reported finances
- Revenue
- $73,865
- Expenses
- $3,000
- Assets
- $34,601
Source: IRS Form 990-EZ. Selected filing: tax year 2012. Amounts in USD.
Leadership & pay
4 people listed
Source: IRS Form 990-EZ. Selected filing: tax year 2012. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To perform research into vascular and renal diseases to better the lives of patients with these types of diseases.
What it reported doing in 2012
The foundation received a per patient fee from a medical supplier & performed testing & analysis to determine if one stent would perform better than another similar stent. Professional time & medical facilities were donated. Research of this type is necessary to better the lives of those individuals suffering from vascular & renal diseases.
Operating model
- Revenue model
- Earned-program. 100% of the money available for current operations came from fees and other program revenue.
- 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
MIXED - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 17
- Transparency & Controls: 82
- Sustainability: 74
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 1.7%; rating input score 2
- Program expense ratio: 41.3%; rating input score 41
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 95.9%; rating input score 100; 100th percentile among comparable filings
- Total-asset coverage ratio: 11.53; rating input score 93; 93rd percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: Limited
Growth
- Program expense growth: -197.1% per year; rating input score 0; 1st percentile among comparable filings
- Revenue growth: -11.7% per year; rating input score 0; 34th percentile among comparable filings
- Asset growth: 119.1% per year; rating input score 100; 99th percentile among comparable filings
Details
- Where the money goes: 1.7% of revenue deployed · 41.3% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $1K in reported program spending
- Leadership: top reported pay $0 · 4 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 2 filed schedules
- Filing history: 2 filing years from 2011 to 2012
- 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 — Financial Efficiency: Mission deployment rate scored 2/100.
- Moderate — Financial Efficiency: Program expense ratio scored 41/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.