The Stern Cardiovascular Foundation Inc
94% goes to programs Thin reserves
The Stern Cardiovascular Foundation Inc is a 501(c)(3) organization based in Germantown, Tennessee, registered in 2014, with $61,270,919 in FY2023 revenue. CharityIndex grades it C, and it directs about 94% of spending to programs.
8060 Wolf River Blvd, Germantown, TN, 38138 EIN 27-4396698 Since 2014
Revenue (FY2023)
$61.3M
▲ 4.2% vs prior year
Health median: $840K
Expenses (FY2023)
$110.6M
Net assets
-$341.2M
Employees
595
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C
★★★★
Rated on 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →C+Program efficiency40% of the rating94% to programs
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For The Stern Cardiovascular Foundation Inc: 94% to programs earns a C+ on this criterion. See the exact thresholds →
FFinancial health25% of the rating0 mo reserves · -80% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For The Stern Cardiovascular Foundation Inc: 0 mo reserves · -80% margin earns a F on this criterion. See the exact thresholds →
AGovernance25% of the rating5 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For The Stern Cardiovascular Foundation Inc: 5 of 6 checks met earns a A on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For The Stern Cardiovascular Foundation Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
The stern cardiovascular foundation, inc.'s mission is to promote community health through the provision of health care services and establish, equip, and maintain geographically dispersed outpatient clinic locations at which such services will be provided.
Contact & location
- Address
- 8060 Wolf River Blvd, Germantown, TN, 38138
- City
- Germantown
- State
- Tennessee
- Category
- Health Care
- Subcategory
- Clinics & Primary Care
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $43.6M (FY2013) to $61.3M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $359.0MNet assets -$341.2M
Operating margin
-80.5%
Spent more than it raised in the latest fiscal year.
Total assets
$17.8M
Total liabilities
$359.0M
Net assets
-$341.2M
Salaries & benefits
$89.3M
81% of expenses
Board members
12
0 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $61,270,919▲4.2% | $110,589,164▲9.9% | -$341,165,903▼16.9% | $17,815,133▼8.6% | 990 |
| 2022 | $58,783,358▲8.2% | $100,610,776▲7.3% | -$291,847,658▼16.7% | $19,498,337▼11.8% | 990 |
| 2021 | $54,308,920▼0.6% | $93,808,956▲5.7% | -$250,020,240▼18.8% | $22,108,211▼3.1% | 990 |
| 2020 | $54,640,164▲10.3% | $88,777,836▲8.5% | -$210,520,204▼19.4% | $22,808,738▲33.2% | 990 |
| 2019 | $49,543,413▲4.8% | $81,851,913▲10.7% | -$176,382,532▼22.4% | $17,127,426▲61.2% | 990 |
| 2018 | $47,287,345▲3.9% | $73,915,939▲3.5% | -$144,074,032▼22.7% | $10,623,044▲6.8% | 990 |
| 2017 | $45,509,922▼3.6% | $71,429,423▲1.3% | -$117,445,438▼28.3% | $9,944,546▼1.0% | 990 |
| 2016 | $47,218,692▲5.8% | $70,547,481▲10.1% | -$91,525,937▼33.4% | $10,048,090▲2.6% | 990 |
| 2015 | $44,646,912▼0.2% | $64,098,120▲4.7% | -$68,607,855▼38.4% | $9,794,404▼14.1% | 990 |
| 2014 | $44,756,010▲2.6% | $61,245,664▼13.0% | -$49,567,354▼48.0% | $11,396,642▼24.3% | 990 |
| 2013 | $43,608,759 | $70,403,018▲28.4% | -$33,488,408▼371% | $15,064,688▼49.6% | 990 |
| 2012 | — | $54,829,731 | -$7,104,855 | $29,893,062 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Todd D Edwards Md — $2,072,654 (1.87% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Todd D Edwards Md | Physician/director | 40 | $2,072,654 |
| Steven S Gubin Md | Physician/president/ex-officio | 40 | $1,936,311 |
| Arsalan Shirwany Md | Physician/director (as of 01/24) | 40 | $1,804,992 |
| David Z Lan Md | Physician | 40 | $1,656,702 |
| Dharmesh Patel Md | Physician | 40 | $1,620,260 |
| Justin May Md | Physician | 40 | $1,557,128 |
| Arie Szatkowski Md | Physician/director | 38.85 | $1,479,030 |
| Amit Malhotra Md | Physician | 40 | $1,451,999 |
| Mark Strong Md | Physician | 40 | $1,439,254 |
| Christopher Ingelmo Md | Physician/director | 40 | $1,328,805 |
| Mark Coppess Md | Physician/director | 40 | $1,126,907 |
| John S Gardner Md | Physician/director | 40 | $1,003,337 |
| Jeffrey Kerlan Md | Physician/director | 40 | $881,335 |
| Basil Paulus Md | Physician/director | 40 | $780,810 |
| Deborah Eddlestone | Ceo | 40 | $364,458 |
| Melissa Reaves | Cfo | 40 | $223,200 |
| Gary C Anderson | Director | 0.17 | — |
| Gregory M Duckett | Secretary | 0.17 | — |
| Justin Rhodes | Director (as of 09/24) | 0.17 | — |
| Mark E Swanson Md | Director | 0.17 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Trunetex LLC | Professional Services | $528,447 |
| Heartflow Inc | Professional Services | $297,000 |
| Professional Imaging Solutions | Professional Services | $294,000 |
| Vestis | Laundry Services | $249,749 |
| Epiq Systems Corp Services | Professional Services | $232,904 |
Grants received · $8,232 total
1 grant to The Stern Cardiovascular Foundation Inc totaling $8,232, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Baptist Memorial Health Care Foundation | Medical staff funds; clinical trialsdonation | 2014 | $8,232 |
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Frequently asked questions
- Is The Stern Cardiovascular Foundation Inc a legitimate nonprofit?
- Yes. The Stern Cardiovascular Foundation Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 27-4396698, based in Germantown, Tennessee. Donations are tax-deductible.
- What is The Stern Cardiovascular Foundation Inc's EIN?
- The Stern Cardiovascular Foundation Inc's Employer Identification Number (EIN) is 27-4396698.
- How much revenue does The Stern Cardiovascular Foundation Inc report?
- The Stern Cardiovascular Foundation Inc reported $61,270,919 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of The Stern Cardiovascular Foundation Inc's spending goes to programs?
- The Stern Cardiovascular Foundation Inc spends about 94% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does The Stern Cardiovascular Foundation Inc have?
- CharityIndex grades The Stern Cardiovascular Foundation Inc C, based on program efficiency and fundraising cost.
- How much does The Stern Cardiovascular Foundation Inc's highest-paid employee make?
- The highest reported compensation on The Stern Cardiovascular Foundation Inc's latest Form 990 is $2,072,654, paid to Todd D Edwards Md (Physician/director).
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Data for The Stern Cardiovascular Foundation Inc (EIN 27-4396698) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.