Society for Vascular Medicine EIN 34-1623552

Society for Vascular Medicine

EIN  34-1623552 Public charity (501(c)(3)) East Dundee, IL
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Size
$1–10M
What they do
Improves patient care by educating, researching, and setting standards for the vascular community.
Leadership
Money in and out
$1.4M revenue, $996K expenses
Bottom line
65% program efficiency

Improves patient care by educating, researching, and setting standards for the vascular community. For fiscal year 2024 it reported $1.4M in revenue, $996K in expenses, and $2.2M in net assets.Pt I

Where the money goes · FY2024
Total revenue
$1.4M
Pt VIII · Ln 12
Total expenses
$996K
Pt IX · Ln 25
Net assets
$2.2M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $437K
Where spending went · Part IX cols B–D
Program services $0.65 Management & general $0.35
Program efficiency
65%
of spending reaches programs▲ +4% vs prior filing year
Operating runway
28.0mo
months of highly liquid reserves at operating expense rate▲ +12% vs prior filing year
Surplus margin
+30%
revenue over expenses, this year▲ +59% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$1.4M
FY2024▲ +19%
Expenses
$996K
FY2024▲ +2%
Total assets
$2.4M
FY2024▲ +15%
Total liabilities
$177K
FY2024▼ -52%
Total revenue
$1.4M
Pt VIII · Ln 12
Total expenses
$996K
Pt IX · Ln 25
Net assets
$2.2M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$437K
Total assetsPt X · Ln 16$2.4M
Program-expense ratioPt IX · col B65%
Voting members of governing bodyPt I · Ln 314
Independent voting membersPt I · Ln 414
Mission & Programs · Part III

Where the work happens

3 program services account for $632K of program spending, described in the organization's own filed words · FY2024.
01

The annual meeting sponsors education and science programs. The annual meeting, which involves physicians, researchers, medical students, residents, fellows and healthcare professionals, helps the society support the field of vascular medicine and biology and maintain the highest standards of practice, research, education and exchange of…

$528Kprogram expense
02

Members of the society receive a subscription to the journal, vascular medicine, and access to the society's website. The journal features the latest research in vascular biology integrated with the practice of vascular medicine and vascular surgery. The journal is published six times per year.

$104Kprogram expense
03

Materials and textbooks are designed for physicians who want to prepare for the certificate exam and those wanting a comprehensive update in vascular medicine and endovascular interventions. This includes the fellows course and the pad toolkit project.

Pt IX · col B

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CSociety for Vascular Medicine
EINHdr · item D34-1623552
Principal addressHdr · item CEast Dundee, IL
WebsiteHdr · item Jwww.vascularmed.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MIL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFDiseases & Disorders (G43C)
Ruling yearIRS BMFFeb 1991

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a14
Independent voting membersPt VI · Ln 1b14
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee-At-L
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Program service revenue$1.2M · 85%
Contributions & grants$115K · 8%
Investment income$79K · 6%
Other revenue$24K · 2%
Program service revenue85%$1.2M
Contributions & grants8%$115K
Investment income6%$79K
Other revenue2%$24K
Total revenueLn 12$1.4M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.65 Management & general $0.35
Program services65%$650K
Management & general35%$346K
Total functional expensesLn 25$996K

Balance Sheet

Part X · end of year
CashLn 1$769K
Total assetsLn 16$2.4M
Total liabilitiesLn 26$177K
Total net assetsLn 32$2.2M
Months of cash on handcomputed9.3

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $2.3M · Operating expenses/yr $996K
28.0 months
Where the money goes
Program services
Program services $650K · Total expenses $996K
65%
Management & General
Management & general $346K · Total expenses $996K
35%
Fundraising
Fundraising $0 · Total expenses $996K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $90K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $115K · Total revenue $1.4M
8%
Government reliance
Government grants — · Total revenue $1.4M
Earned-income share
Program service revenue $1.2M · Total revenue $1.4M
85%
Investment reliance
Investment income $79K · Total revenue $1.4M
+6%
Program self-sufficiency
Program service revenue $1.2M · Total expenses $996K
122%
Growth & trend
Revenue growth (YoY)
This year $1.4M · Prior year $1.2M
+19%
Revenue CAGR
FY2020 $402K · FY2024 $1.4M
+37%
Net-asset trend (YoY)
End of year $2.2M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.4M · Expenses $996K
+30%
Liabilities-to-Assets
Total liabilities — · Total assets $2.4M
Net-asset ratio
Net assets $2.2M · Total assets $2.4M
93%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $1.6M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $2.4M
65%
People & payroll
Highest Reported Total Compensation
Individual Elizabeth V Ratchford MD Fsvm · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $996K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $996K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 65%
Overhead ratio 35%
Fundraising cost ratio 0%
Revenue growth 19%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 1%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2020
Total grants receivedfrom 1 funder$47

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$1.4M revenue · viewing · ⤓ 990 PDF
FY2023$1.2M revenue · ⤓ 990 PDF
FY2022$1.4M revenue · ⤓ 990 PDF
FY2021$737K revenue · ⤓ 990 PDF
FY2020$402K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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