THE FOUNDATION TO ADVANCE VASCULAR CURES

EIN: 942825216 501(c)(3)

REDWOOD CITY, CA

Total Revenue
$1,853,089
Total Expenses
$1,111,076
Total Assets
$4,309,404
Net Assets
$4,109,366
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1982
Legal Domicile
CA
Principal Officer
ISABEL BJORK
Phone
6503686022
Tax Period
2023-07-01 to 2024-06-30

THE FOUNDATION TO ADVANCE VASCULAR CURES, founded in 1982, is a community nonprofit that reported $1.9M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. The organization ran a surplus of $742K, a strong 40% operating margin.

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.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,222,426
Program Service Revenue $276,615
Investment Income $353,652
Other Revenue $396
TOTAL REVENUE $1,853,089

Expense Breakdown

Grants Paid $369,218
Salaries & Benefits $507,156
Fundraising Expenses $93,647
Program Expenses $868,078
Other Expenses $234,702
TOTAL EXPENSES $1,111,076

Year-over-Year Comparison

2023 2022 Change
Revenue $1,853,089 $1,610,194 +0.2%
Expenses $1,111,076 $1,826,600 -0.4%
Net Income $742,013 $-216,406 -4.4%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
13
Independent Members
12
Employees
9
Volunteers
50

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
$230,237
Total Directors
13
$230,237
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ISABEL BJORK SECRETARY, CEO 40.00
Officer Director
$195,000 $35,237 $230,237
EDWARD YU BOARD CHAIR 2.00
Officer Director
$0 $0 $0
DAVID RAE TREASURER 2.00
Officer Director
$0 $0 $0
WENDY HITCHCOCK CO-CHAIR 2.00
Officer Director
$0 $0 $0
MICHAEL CONTE DIRECTOR 2.00
Director
$0 $0 $0
STEVE HAMBURGER DIRECTOR 2.00
Director
$0 $0 $0
MARGARET WONG DIRECTOR 2.00
Director
$0 $0 $0
LILIA COBURN DIRECTOR 2.00
Director
$0 $0 $0
DOUGLAS GREY DIRECTOR 2.00
Director
$0 $0 $0
KEVIN HEATH DIRECTOR 2.00
Director
$0 $0 $0
BOB KAIN DIRECTOR 2.00
Director
$0 $0 $0
MEGAN PATTERSON DIRECTOR 2.00
Director
$0 $0 $0
KATHERINE GALLAGHER DIRECTOR 2.00
Director
$0 $0 $0
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 $1,853,089 $1,111,076 $4,309,404 $742,013
2023 $1,610,194 $1,826,600 $3,574,035 $-216,406
2022 $2,153,452 $2,056,902 $3,787,443 $96,550
2021 $516,547 $806,491 $4,123,824 $-289,944
2020 $1,228,444 $743,410 $3,437,896 $485,034
2019 $1,071,805 $767,918 $2,978,980 $303,887
2018 $497,871 $898,562 $2,764,483 $-400,691
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