Guthrie Risk Retention Group

Overview

Mission

Operates as a risk retention group under the federal liability risk retention act of 1986 to the guthrie clinic and affiliates; an irc section 501(c)(3) tax-exempt integrated healthcare delivery system.

What it reported doing in 2024

Expenses incurred in Operating as a risk retention group under the Federal Liability Risk Retention Act of 1986 to The Guthrie Clinic and affiliates; an IRC Section 501(c)(3) tax-exempt integrated healthcare delivery system.

Operating model

Revenue model
Earned-program. 85% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

Nonprofit profile at a glance

EIN
201090801
IRS 990 coverage
2012–2024
Forms available
Form 990 2024
Headquarters
Charleston, SC, USA
Phone
8435771032
Rating
64
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Single Organization Support

The verdict

SUPPORTED - The filed numbers largely add up and most filed governance safeguards are in place. A relatively small share of available resources goes toward mission work and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 46
  • Transparency & Controls: 77
  • Accountability: 77
  • Sustainability: 80
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 30.2%; rating input score 30
  • Program expense ratio: 89.2%; rating input score 89
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 3 of 6 controls in place; rating input score 50
    • Compensation committee: Pass
    • Independent consultant: Pass
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 60%; rating input score 60; 10th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 65.3%; rating input score 96; 96th percentile among comparable filings
  • Total-asset coverage ratio: 11.28; rating input score 92; 92nd percentile among comparable filings
  • Liabilities to assets ratio: 0.58; rating input score 23; 23rd percentile among comparable filings
  • Officer compensation ratio: 6.3%; rating input score 40; 40th percentile among comparable filings

Growth

  • Program expense growth: -4.7% per year; rating input score 0; 4th percentile among comparable filings
  • Revenue growth: 1.9% per year; rating input score 100; 17th percentile among comparable filings
  • Asset growth: 1.7% per year; rating input score 100; 16th percentile among comparable filings

Details

  • Where the money goes: 30.2% of revenue deployed · 89.2% of spending went to programs
  • Governance: 3 of 5 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $4.3M in reported program spending
  • Leadership: top reported pay $1.9M · 5 people listed · 3 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $1.3M reported
  • Consistency: 18 of 18 current checks pass
  • Schedules: 5 filed schedules · includes executive pay
  • Filing history: 12 annual filings from 2012 to 2024
  • Contacts: How to reach this organization
  • Money network: 7 filed money-flow records
  • Related organizations: 21 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Leadership & pay

5 people listed

Highest reported compensation

  • EDMUND SABANEGH MD MBA (PRESIDENT - DIRECTOR): $1,897,677 total reported compensation
  • MATTHEW HUFF CPA (TREASURER - DIRECTOR): $1,000,339 total reported compensation

Source: IRS Form 990. Selected filing: FY2024.