American Friends of Le Korsa Inc

What it reported doing in 2024

Medical and health programs: 1. In 2023 we continued construction of a new maternity and pediatric ward at the tambacounda hospital in tambacounda, senegal. Tambacounda hospital is the only hospital in a very large region of eastern senegal. It serves the 80,000 residents of the city of tambacounda, and more than a million people from the surrounding area and from mali, whose border is about an hour and a half away. It has 150 beds and treats approximately 47,000 patients annually, most often for malaria and respiratory infections. 2. Medical grants: le korsa provides funding to several local hospitals and clinics to offset the cost of patient care and to buy medical supplies, life-saving drugs, and equipment. This helps ensure that people are not refused care due to their inability to pay. Additionally, le korsa offered patient grants to individuals requiring care at other institutions, including wassadou medical center, fess medical center, sinthian medical center, tambacounda hospital, fann haspital, saint anne's clinic, and albert royer hospital. 3. Le korsa continued its support and management of a women's health center in dakar where it subsidizes salaries of the entire staff, including a nurse and an obgyn, to expand its ability to offer safe and free prenatal health care to a vulnerable population. 4. Le korsa also provides job training, nutrition education, and various forms of gynecological and prenatal care.

Financial Efficiency

• Mission deployment rate: 74.7%; rating input score 75
• Program expense ratio: 94.5%; rating input score 94
• Fundraising efficiency: $114.3 raised per $1 spent on fundraising; rating input score 88; 88th percentile among comparable filings

Transparency & Controls

• Consistency checks: 92.9%; rating input score 93; 13th percentile among comparable filings
• Pay-setting controls: Limited
• Foreign activity oversight: 2 of 8 controls in place; rating input score 25
  • Claims monitoring procedures: Pass
  • Requires narrative reports: Limited
  • Conducts field audits: Limited
  • May suspend future funding: Limited
  • Requires financial reports: Pass
  • Conducts site visits: Limited
  • Requires grant agreements: Limited
  • May require repayment: Limited
• Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 75%; rating input score 75; 13th percentile among comparable filings
• Governance controls: 4 of 8 controls in place; rating input score 50
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Fail
  • Document-retention policy: Pass
  • CEO compensation review process: NotApplicable
  • Other executive compensation review process: Fail
  • Form 990 shared with the board: Fail
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Fail
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 22.9%; rating input score 79; 79th percentile among comparable filings
• Total-asset coverage ratio: 1.35; rating input score 48; 48th percentile among comparable filings
• Liabilities to assets ratio: 0; rating input score 91; 91st percentile among comparable filings
• Officer compensation ratio: 5.4%; rating input score 50; 50th percentile among comparable filings

Growth

• Program expense growth: 1.3% per year; rating input score 100; 19th percentile among comparable filings
• Revenue growth: 6.5% per year; rating input score 100; 52nd percentile among comparable filings
• Asset growth: 10.6% per year; rating input score 100; 61st percentile among comparable filings