THE VASCULAR INTERVENTIONAL PROJEC… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2004

Legal Domicile

Principal Officer

MANISH MEHTA MD

Phone

5184824025

Tax Period

2024-01-01 to 2024-12-31

THE VASCULAR INTERVENTIONAL PROJECT INC, founded in 2004, is a small nonprofit in the Diseases & Disorders sector that reported $564K in total revenue in fiscal year 2024. Net assets of $2.9M represent 61 months of operating reserves.

Mission

THE CENTER FOR VASCULAR AWARENESS WAS FORMED TO EDUCATE THE GENERAL PUBLIC REGARDING THE FIELD OF VASCULAR MEDICINE AND TO EDUCATE THE UNDERSERVED IN AN EFFORT TO HELP THEM HELP THEIR DOCTOR; TO CARRY ON RESEARCH WITH RESPECT TO THE FIELD OF VASCULAR MEDICINE AND TO ENCOURAGE AND PARTICIPATE IN THE CONTINUING EDUCATION OF PHYSICIANS AND OTHER SCIENTISTS IN THE FIELD OF VASCULAR MEDICINE BY MEANS OF SCIENTIFIC SESSIONS, PUBLICATIONS AND SUCH OTHER INSTRUCTIONAL PROGRAMS.

Program Service Accomplishments

Program 1

Expenses: $366,511

VAST3 - THE CENTER HOSTS THE VAST3, A THREE DAY, COMPREHENSIVE CASE-BASED VASCULAR EDUCATIONAL MEETING THAT CHALLENGES THE SKILLS OF ITS PARTICIPANTS. THE VAST3 MEETING FOCUSES ON PROBLEM SOLVING...

VAST3 - THE CENTER HOSTS THE VAST3, A THREE DAY, COMPREHENSIVE CASE-BASED VASCULAR EDUCATIONAL MEETING THAT CHALLENGES THE SKILLS OF ITS PARTICIPANTS. THE VAST3 MEETING FOCUSES ON PROBLEM SOLVING APPROACHES TO COMPLEX VASCULAR PROCEDURES AND COMPLICATIONS USING CUTTING EDGE TECHNIQUES AND TECHNOLOGIES.

Program 2

Expenses: $30,327

EDUCATION - V-HEALTHY IS A GRASS ROOTS VASCULAR EDUCATION, AWARENESS & PREVENTION CAMPAIGN THAT EMPOWERS THE PUBLIC TO BETTER UNDERSTAND THE IMPACT OF VASCULAR RISK FACTORS ON THEIR VASCULAR HEALTH. SINCE ITS INCEPTION, V-HEALTHY HAS EDUCATED OVER 10,000 CAPITAL REGION HIGH SCHOOL STUDENTS AND THEIR FAMILIES. WE HAVE HOSTED (4) HEALTHY DAYS ACROSS SCHOOLS IN THE CAPITIAL REGION AND BEYOND SINCE 2016.

Program 3

Expenses: $101,447 Revenue: $8,500

ROUNDTABLE - A VASCULAR EDUCATION & AWARENESS PROGRAM THAT FOCUSES ON EDUCATING PRIMARY PHYSICIANS, SPECIALISTS, AND ALLIED HEALTH CARE PROVIDERS ON CURRENT VASCULAR DIAGNOSIS AND TREATMENTS. ON...

ROUNDTABLE - A VASCULAR EDUCATION & AWARENESS PROGRAM THAT FOCUSES ON EDUCATING PRIMARY PHYSICIANS, SPECIALISTS, AND ALLIED HEALTH CARE PROVIDERS ON CURRENT VASCULAR DIAGNOSIS AND TREATMENTS. ON AVERAGE, 200-300 PROVIDERS ATTEND EACH VASCULAR ROUNDTABLE.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $334,809

Program Service Revenue $8,500

Investment Income $220,686

Other Revenue $0

TOTAL REVENUE $563,995

Expense Breakdown

Grants Paid $0

Salaries & Benefits $145,671

Fundraising Expenses $0

Program Expenses $498,285

Other Expenses $449,250

TOTAL EXPENSES $594,921

Year-over-Year Comparison

	2024	2023	Change
Revenue	$563,995	$531,746	+0.1%
Expenses	$594,921	$406,935	+0.5%
Net Income	$-30,926	$124,811	-1.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID FORD MD	TREASURER	1.00	Officer Director	$0	$0	$0
MANISH MEHTA MD	PRESIDENT/CHAIRMAN	1.00	Officer Director	$0	$0	$0
SHARON CILLIS	DIRECTOR	1.00	Director	$0	$0	$0
LARRY SCHER MD	DIRECTOR	1.00	Director	$0	$0	$0
AMIT BHUSRI	DIRECTOR OF OPERATIONS	40.00	Highest	$111,462	$25,219	$136,681

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$563,995	$594,921	$3,386,500	$-30,926
2023	$531,746	$406,935	$3,269,846	$124,811
2022	$488,399	$470,010	$2,886,258	$18,389
2021	$633,176	$463,062	$3,489,182	$170,114
2020	$319,818	$219,897	$2,635,383	$99,921
2019	$548,479	$544,708	$1,947,788	$3,771
2018	$608,207	$510,998	$1,937,644	$97,209

THE VASCULAR INTERVENTIONAL PROJECT INC