The Stern Cardiovascular Foundation Inc is located in Germantown, TN. The organization was established in 2014. According to its NTEE Classification (E32) the organization is classified as: Community Clinics, under the broad grouping of Health Care and related organizations. As of 09/2021, Stern Cardiovascular Foundation Inc employed 527 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Stern Cardiovascular Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2020, Stern Cardiovascular Foundation Inc generated $49.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $81.9m during the year ending 09/2020. While expenses have increased by 4.2% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE STERN CARDIOVASCULAR FOUNDATION, INC. PROVIDES QUALITY MEDICAL HEALTH CARE REGARDLESS OF RACE, CREED, SEX, NATIONAL ORIGIN, HANDICAP, OR AGE. PATIENTS OF EVERY RACE, CREED AND SOCIOECONOMIC GROUP COME TOTHE STERN CARDIOVASCULAR FOUNDATION, INC. FROM SEVERAL STATES, INCLUDING MOST OF ITS PATIENTS THAT COME FROM WEST TENNESSEE, EAST ARKANSAS, AND NORTH MISSISSIPPI. ALTHOUGH REIMBURSEMENT FOR SERVICES RENDERED IS CRITICAL TO THE OPERATION AND STABILITY OF THE STERN CARDIOVASCULAR FOUNDATION, INC., IT IS RECOGNIZED THAT NOT ALL INDIVIDUALS POSSESS THE ABILITY TO PURCHASE ESSENTIAL MEDICAL SERVICES, AND FURTHER, THAT OUR MISSION IS TO SERVE THE COMMUNITY WITH RESPECT TO PROVIDING HEALTH CARE SERVICES AND HEALTH CARE EDUCATION. THEREFORE, IN KEEPING WITH OUR COMMITMENT TO SERVE ALL MEMBERS OF OUR COMMUNITY, THE STERN CARDIOVASCULAR FOUNDATION, INC. PROVIDES THE FOLLOWING:- FREE CARE AND/OR SUBSIDIZED CARE WHERE THE NEED AND/OR AN INDIVIDUAL'S INABILITY TO PAY COEXIST,- CARE PROVIDED TO PERSONS COVERED BY GOVERNMENTAL PROGRAMS AT BELOW COST, AND- HEALTH ACTIVITIES AND PROGRAMS TO SUPPORT THE COMMUNITY.THESE ACTIVITIES INCLUDE WELLNESS PROGRAMS, COMMUNITY EDUCATION PROGRAMS, PROGRAMS FOR THE ELDERLY, HANDICAPPED, MEDICALLY UNDERSERVED, AND A VARIETY OF BROAD COMMUNITY SUPPORT ACTIVITIES. THE STERN CARDIOVASCULAR FOUNDATION, INC. HAS ALIGNED WITH BAPTIST MEMORIAL HEALTH CARE CORPORATION AND NOW HAS 43 CARDIOLOGISTS. KNOWN AS ONE OF THE LARGEST MEDICAL RESEARCH AREAS IN THE COUNTRY, THE STERN CARDIOVASCULAR FOUNDATION, INC. IS RECOGNIZED AS ONE OF THE LEADING CARDIOVASCULAR RESEARCH AND TREATMENT CENTERS IN THE COUNTRY. UTILIZING STATE-OF-THE-ART MEDICAL TECHNOLOGY, THE STERN CARDIOVASCULAR FOUNDATION, INC. IS COMMITTED TO EXCELLENCE AND COMPASSION IN ITS TREATMENT OF PATIENTS. THE STERN CARDIOVASCULAR FOUNDATION, INC. RECENTLY OPENED THE STERN CARDIOVASCULAR VEIN CENTER FOR COMPREHENSIVE TREATMENT OF CHRONIC VENOUS INSUFFICIENCY AND VARICOSE VEINS. WE ALSO HAVE SPECIALIZED OUTPATIENT CLINICS FOR THE TREATMENT OF A-FIB AND CHF. WE ARE VERY PROUD OF OUR MANY OUTREACH LOCATIONS WHICH ALLOW OUTPATIENT CONSULTS FOR RURAL NEIGHBORHOODS, WHICH DO NOT HAVE ACCESS TO TOP NOTCH MEDICAL CARE. INPATIENT SERVICES INCLUDE TESTS AND PROCEDURES TO DIAGNOSE AND TREAT CARDIAC NEEDS SUCH AS CARDIAC CATHETERIZATION - APPROXIMATELY 7,000; PTCA-STENT - APPROXIMATELY 2,300; ELECTROPHYSIOLOGY STUDY - APPROXIMATELY 2,100; PERIPHERAL VASCULAR STUDY - APPROXIMATELY 900; TAVRS - APPROXIMATELY 225; MITRAL CLIPS - APPROXIMATELY 40; AND ABLATION - APPROXIMATELY 1,200.THE STERN CARDIOVASCULAR FOUNDATION, INC. HAS AN ACTIVE BASE OF APPROXIMATELY 96,000 PATIENTS. OUR OUTPATIENT SERVICES INCLUDE CARDIAC WELLNESS EXAMS FOR BOTH MEN AND WOMEN, INTERVENTIONAL CARDIOLOGY,PACING AND ARRHYTHMIA MANAGEMENT, VASCULAR SCREENING EXAMS, DEVICE CLINIC, COUMADIN CLINIC AND LIPID CLINIC. WE OFFER EDUCATIONAL SESSIONS REGARDING LIPID MANAGEMENT AND WEIGHT CONTROL. OUR PHYSICIANSPROACTIVELY COUNSEL PATIENTS ON HEALTHY LIFESTYLES AT EACH APPOINTMENT AND WORK COLLABORATIVELY WITH OTHER AREA PROVIDERS.CARDIAC WELLNESS EXAMS AND SCREENING TESTS ARE USED TO RULE OUT HEART DISEASE AND DETERMINE CARDIAC RISKS. AT THE STERN CARDIOVASCULAR FOUNDATION, INC., WE TAKE A HEART HEALTHY APPROACH TO GETTING FIT.THE STERN CARDIOVASCULAR FOUNDATION, INC. ALSO HAS CLINICS IN WHICH DIAGNOSTIC TESTS ARE PERFORMED. PATIENTS MAY ALSO COME TO THE STERN CARDIOVASCULAR FOUNDATION, INC. FOR FLU SHOTS AND IMMUNIZATIONS WITHOUT AN APPOINTMENT. THE STERN CARDIOVASCULAR FOUNDATION, INC. ALSO OFFERS SUCH PROGRAMS AS THE LIPID, COUMADIN, AND PACEMAKER CLINICS TO HELP PATIENTS BETTER UNDERSTAND AND MANAGE THEIR CARDIAC HEALTH.LIPID CLINIC - IF YOUR CHOLESTEROL IS HIGH, SO IS YOUR CHANCE FOR A HEART ATTACK, STROKE, OR BLOCKAGES IN YOUR LEG ARTERIES. AS YOUR CHOLESTEROL IS LOWERED, SO ARE YOUR RISKS FOR THESE PROBLEMS. THE LIPID CLINIC PROVIDES INFORMATION ABOUT FOODS THAT ARE GOOD OR BAD FOR YOUR CHOLESTEROL LEVELS. EMPHASIS ON SOME DEGREE OF EXERCISE IS ALSO ENCOURAGED.COUMADIN CLINIC - IF YOU ARE ON THE BLOOD THINNER, COUMADIN, YOU NEED TO HAVE YOUR PROTHROMBIN TIME (INR) MONITORED ON A REGULAR BASIS IN OUR CLINIC. YOUR RESULTS WILL BE IMMEDIATELY AVAILABLE SO YOUR COUMADIN DOSE CAN BE ADJUSTED, IF NECESSARY.PACEMAKER CLINIC - WE PROVIDE ONSITE ARRHYTHMIA MONITORING SERVICES BY SPECIALLY TRAINED NURSES. THESE NURSES CAN CHECK YOUR PACEMAKER OR DEFIBRILLATOR.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Todd D Edwards MD Physician/director | Trustee | 40 | $1,982,832 |
David Z Lan MD Physician/director (thru 12/20) | Trustee | 40 | $1,685,638 |
Steven S Gubin MD Physician/president/ex-Officio | OfficerTrustee | 40 | $1,606,976 |
Arsalan Shirwany MD Physician/director | Trustee | 40 | $1,455,379 |
Arie Szatkowski MD Physician/director | Trustee | 38.85 | $1,393,512 |
Dharmesh Patel MD Physician | 40 | $1,345,540 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Strong Heart Clinic Professional Services | 9/29/21 | $461,008 |
Professional Imaging Solutions Professional Services | 9/29/21 | $231,000 |
Nuance Communications Inc Transcription Services | 9/29/21 | $204,188 |
Aramark Laundry Services | 9/29/21 | $179,508 |
Answering Advantage Llc Answering Services | 9/29/21 | $131,549 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $1,414,963 |
Investment income | $9,469 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $49,543,413 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $11,889,703 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $46,828,283 |
Pension plan accruals and contributions | $2,159,484 |
Other employee benefits | $4,205,398 |
Payroll taxes | $2,451,616 |
Fees for services: Management | $0 |
Fees for services: Legal | $38,290 |
Fees for services: Accounting | $4,800 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $1,481,445 |
Advertising and promotion | $145,706 |
Office expenses | $1,085,611 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $3,752,582 |
Travel | $190,971 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $81,350 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $240,753 |
Insurance | $333,621 |
All other expenses | $0 |
Total functional expenses | $81,851,913 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,300 |
Savings and temporary cash investments | $2,414,566 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $4,382,565 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $378,543 |
Prepaid expenses and deferred charges | $505,845 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $986,955 |
Other assets | $5,966,199 |
Total assets | $17,127,426 |
Accounts payable and accrued expenses | $5,341,053 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $873,333 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $187,295,572 |
Total liabilities | $193,509,958 |
Net assets without donor restrictions | $0 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Total liabilities and net assets/fund balances | -$176,382,532 |
Over the last fiscal year, we have identified 1 grants that The Stern Cardiovascular Foundation Inc has recieved totaling $8,232.
Awarding Organization | Amount |
---|---|
Baptist Memorial Health Care Foundation Memphis, TN PURPOSE: MEDICAL STAFF FUNDS; CLINICAL TRIALSDONATION | $8,232 |
Organization Name | Assets | Revenue |
---|---|---|
Saint Lukes Physician Group Inc Kansas City, MO | $97,235,580 | $477,545,872 |
Mercy Clinic Springfield Communities Springfield, MO | $37,444,929 | $280,967,485 |
Saint Thomas Medical Partners St Louis, MO | $114,554,177 | $241,664,770 |
Baptist Memorial Medical Group Inc Memphis, TN | $349,980,187 | $232,152,357 |
Presence Healthcare Services St Louis, MO | $228,681,485 | $89,216,902 |
Cumberland Family Medical Center Inc Burkesville, KY | $65,128,853 | $114,273,656 |
Mercy Clinic Fort Smith Communities Fort Smith, AR | $16,003,364 | $92,671,268 |
Ascension Medical Group Michigan St Louis, MO | $49,266,771 | $75,124,562 |
Mercy Aco Clinical Services Inc Chesterfield, MO | $54,495,253 | $100,210,064 |
Health Services Of Central Georgia Inc Macon, GA | $8,366,432 | $97,526,372 |
The Stern Cardiovascular Foundation Inc Germantown, TN | $17,127,426 | $49,543,413 |
North Mississippi Medical Clinics Tupelo, MS | $113,464,903 | $56,248,552 |