CARDIOVASCULAR RESEARCH FOUNDATION

EIN: 521752653 501(c)(3) Medical Research

NEW YORK, NY

Total Revenue
$78,271,229
Total Expenses
$64,971,760
Total Assets
$91,969,884
Net Assets
$46,425,714
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1991
Legal Domicile
DC
Principal Officer
JUAN FGRANADA MD
Phone
6464344691
Tax Period
2023-01-01 to 2023-12-31

CARDIOVASCULAR RESEARCH FOUNDATION, founded in 1991, is a mid-sized nonprofit in the Medical Research sector that reported $78.3M in total revenue in fiscal year 2023. Revenue surged 28% from the prior year, signaling strong growth momentum. The organization ran a surplus of $13.3M, a strong 17% operating margin.

Mission

TO HELP DOCTORS IMPROVE THE SURVIVAL AND QUALITY OF LIFE FOR PEOPLE SUFFERING FROM HEART AND VASCULAR DISEASE THROUGH INNOVATION, INVESTIGATION AND EDUCATION.

Program Service Accomplishments

Program 1
Expenses: $18,000,175 Revenue: $20,931,738

CLINICAL TRIALS CENTER - A DISTINGUISHED ACADEMIC RESEARCH ORGANIZATION, THE CRF CLINICAL TRIALS CENTER (CTC) PLANS AND EXECUTES CLINICAL INVESTIGATIONS FROM FIRST-IN-MAN STUDIES TO LARGE...

Read more

CLINICAL TRIALS CENTER - A DISTINGUISHED ACADEMIC RESEARCH ORGANIZATION, THE CRF CLINICAL TRIALS CENTER (CTC) PLANS AND EXECUTES CLINICAL INVESTIGATIONS FROM FIRST-IN-MAN STUDIES TO LARGE, MULTICENTER INTERNATIONAL TRIALS DESIGNED TO GAIN INSIGHTS THAT WILL ELEVATE THE QUALITY OF CARE IN CARDIOVASCULAR MEDICINE. THE CTC SPECIALIZES IN TRIAL DESIGN, EVENT ADJUDICATION, DATA AND SAFETY MONITORING, AND BIO STATISTICAL SERVICES. CRF FACULTY AUTHOR OVER 300 ARTICLES ANNUALLY IN PRESTIGIOUS MEDICAL AND SCIENTIFIC JOURNALS, BRINGING THE LATEST RESEARCH TO THE GLOBAL MEDICAL COMMUNITY.

Program 2
Expenses: $7,996,612 Revenue: $13,482,760

SKIRBALL CENTER FOR INNOVATION - A STATE OF THE ART INNOVATION CENTER, THE CRF SKIRBALL CENTER FOR INNOVATION IS DEDICATED TO THE INVESTIGATION AND VALIDATION OF NOVEL CONCEPTS, TREATMENTS, AND...

Read more

SKIRBALL CENTER FOR INNOVATION - A STATE OF THE ART INNOVATION CENTER, THE CRF SKIRBALL CENTER FOR INNOVATION IS DEDICATED TO THE INVESTIGATION AND VALIDATION OF NOVEL CONCEPTS, TREATMENTS, AND DEVICES. OUR PREEMINENT TEAM OF PIONEERING RESEARCHERS AND THOUGHT LEADERS CONTINUALLY BREAK NEW GROUND AS THEY GUIDE EARLY IDEAS AND INVENTIONS THROUGH COMPREHENSIVE PRECLINICAL RESEARCH PROGRAMS TO INTRODUCE PRACTICAL THERAPIES INTO CLINICAL MEDICINE.

Program 3
Expenses: $11,034,053 Revenue: $19,533,117

TCT 2023 (TRANSCATHETER CARDIOVASCULAR THERAPEUTICS) MEETING - THE CARDIOVASCULAR RESEARCH FOUNDATION (CRF) STANDS AT THE FOREFRONT OF EDUCATION IN CARDIOVASCULAR MEDICINE. THIS FOCUS REFLECTS THE...

Read more

TCT 2023 (TRANSCATHETER CARDIOVASCULAR THERAPEUTICS) MEETING - THE CARDIOVASCULAR RESEARCH FOUNDATION (CRF) STANDS AT THE FOREFRONT OF EDUCATION IN CARDIOVASCULAR MEDICINE. THIS FOCUS REFLECTS THE CRF FACULTY'S COMMITMENT TO SHARING AND DISSEMINATING THE LATEST CLINICAL RESEARCH INFORMATION TO THE BROADEST AUDIENCE AT THE EARLIEST POSSIBLE DATE. THE FUNDAMENTAL GOAL OF CRF'S EDUCATION PROGRAM IS TO ENABLE THE GLOBAL PHYSICIAN COMMUNITY TO APPLY IMPORTANT NEW KNOWLEDGE TO ACTUAL PATIENT CARE. CRF'S PRINCIPAL ANNUAL EDUCATIONAL EVENT, TRANSCATHETER CARDIOVASCULAR THERAPEUTICS (TCT) MEETING, IS THE WORLD'S LARGEST EDUCATIONAL MEETING DEDICATED TO THE FIELD OF INTERVENTIONAL VASCULAR THERAPY. THIS IS THE SHOWCASE EDUCATIONAL EVENT IN THE CARDIOVASCULAR FIELD AND IS USED TO EDUCATE AND EXCHANGE STUDY FINDINGS AND TO IMPROVE TREATMENT OF PATIENTS WHO HAVE CARDIOVASCULAR DISEASE.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $8,046,413
Program Service Revenue $61,630,902
Investment Income $2,257,238
Other Revenue $6,336,676
TOTAL REVENUE $78,271,229

Expense Breakdown

Grants Paid $800,000
Salaries & Benefits $25,248,131
Fundraising Expenses $32,044
Program Expenses $56,423,126
Other Expenses $38,923,629
TOTAL EXPENSES $64,971,760

Year-over-Year Comparison

2023 2022 Change
Revenue $78,271,229 $61,324,834 +0.3%
Expenses $64,971,760 $57,291,678 +0.1%
Net Income $13,299,469 $4,033,156 +2.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Sign In

Governance

Voting Members
11
Independent Members
10
Employees
223
Volunteers
10

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
4
$2,003,493
Total Directors
11
$1,017,602
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JUAN F GRANADA MD CEO & DIRECTOR 37.50
Officer Director
$945,463 $72,139 $1,017,602
ERIC B WOLDENBERG CHAIRMAN 2.00
Officer Director
$0 $0 $0
JOSEPH G BECK DIRECTOR 2.00
Director
$0 $0 $0
COLETTE Y GARDNER DIRECTOR 2.00
Director
$0 $0 $0
WILLIAM A HIMMELSBACH DIRECTOR 2.00
Director
$0 $0 $0
JEFFREY W MOSES MD DIRECTOR 2.00
Director
$0 $0 $0
TERESA LESTE DIRECTOR 2.00
Director
$0 $0 $0
ERIC A ROSE MD DIRECTOR 2.00
Director
$0 $0 $0
MARVIN L WOODALL DIRECTOR 2.00
Director
$0 $0 $0
KAREN G KRASNEY DIRECTOR 2.00
Director
$0 $0 $0
FRANK LITVACK MD DIRECTOR 2.00
Director
$0 $0 $0
DONALD L ABRAMS CHIEF LEGAL OFFICER 37.50
Officer
$471,379 $25,997 $497,376
EILEEN MORALES CFO 37.50
Officer
$450,290 $38,225 $488,515
DAVID COHEN DIRECTOR OF CLINICAL & OUT 37.50
Highest
$704,590 $30,000 $734,590
ALEXANDRA POPMA DIRECTOR 37.50
Highest
$437,422 $0 $437,422
TRICIA RAWH EXECUTIVE DIRECTOR, CED 37.50
Highest
$406,000 $22,512 $428,512
GRZEGORZ KALUZA DIRECTOR RESEARCH 37.50
Highest
$314,867 $66,848 $381,715
DANIEL BURKOFF DIRECTOR OF HEART FAILURE 37.50
Highest
$316,055 $56,556 $372,611
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 No data No data No data No data
2023 $78,271,229 $64,971,760 $91,969,884 $13,299,469
2022 $61,324,834 $57,291,678 $76,093,334 $4,033,156
2021 $52,277,749 $47,332,137 $57,426,030 $4,945,612
2020 $37,490,664 $41,452,402 $55,991,119 $-3,961,738
2019 $65,620,319 $55,971,546 $60,748,866 $9,648,773
2018 $60,750,509 $54,012,608 $47,712,737 $6,737,901
Explore More Nonprofits
Top 100 Nonprofits in New York Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare CARDIOVASCULAR RESEARCH FOUNDATION with other nonprofits in New York and across the country.