Cornell Scott-hill Health Center Foundation

Overview

Mission

The mission of the cornell scott hill health center foundation is to support cornell scott-hill health center, inc. To promote health and well-being of the communities it serves.

What it reported doing in 2024

The annual appeal program informs and solicits donors and donor prospects for unrestricted gifts to support current activities of the foundation. The cshhc foundation board of directors oversees spending in their role as good stewards of these donationsthe foundation will continue to establish programs and development of resources to secure contributions, gifts, grants, devises or bequests of real or personal property, or both, from individuals, foundations, partnerships, associations, governmental bodies or public or private corporations exclusively to or for the benefit of cornell scott hill health center. The foundation will establish, sponsorship and promotion of educational programs and other charitable activities devoted to improving and protecting the health and well-being of patients served by cornell scott-hill health center in Connecticut communities generally and in the greater new haven and lower naugatuck valley areas in particular.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 71% of its reported program spending out as grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

Nonprofit profile at a glance

EIN
884151352
IRS 990 coverage
2023–2024
Forms available
Form 990 2024, Form 990-N 2022
Headquarters
New Haven, CT, USA
Phone
2035033253
Rating
78
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Fund Raising and/or Fund Distribution

Official website

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 89
  • Transparency & Controls: 72
  • Accountability: 79
  • Sustainability: 30
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 100%; rating input score 100
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 93.3%; rating input score 93; 26th percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 80th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 80%; rating input score 80; 21st percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -12.2%; rating input score 20; 20th percentile among comparable filings
  • Total-asset coverage ratio: 1.75; rating input score 56; 56th percentile among comparable filings
  • Liabilities to assets ratio: 0.1; rating input score 26; 26th percentile among comparable filings
  • Officer compensation ratio: 36.5%; rating input score 8; 8th percentile among comparable filings

Growth

  • Program expense growth: 108.6% per year; rating input score 100; 99th percentile among comparable filings
  • Revenue growth: -73.8% per year; rating input score 0; 1st percentile among comparable filings
  • Asset growth: 4.3% per year; rating input score 100; 44th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 100% of spending went to programs
  • Governance: 8 of 10 board members independent · 7 of 9 filing controls reported
  • Programs: 2 filed program accomplishments · $468K in reported program spending
  • Leadership: top reported pay $879K · 11 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 22 of 23 current checks pass · 1 finding to review
  • Schedules: 7 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 2 annual filings from 2023 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 4 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

11 people listed

Highest reported compensation

  • MICHAEL TAYLOR (PRESIDENT): $879,219 total reported compensation
  • DOUG MAGAZU (CHIEF FINANCIAL OFFICER): $526,443 total reported compensation
  • ANDREA LOBO (DIRECTOR): $431,430 total reported compensation

Source: IRS Form 990. Selected filing: FY2024.