Ascension Depaul Services Fund

Nonprofit profile at a glance

EIN
271658000
IRS 990 coverage
2012–2024
Forms available
Form 990 2024
Location
New Orleans, LA, USA
Phone
5044822080
Rating
45
Verdict
MIXED
Rating confidence
Moderate

Reported finances

Revenue
$4,570,987
Expenses
$0
Assets
$21,206,463
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • MICHAEL GRIFFIN (PRESIDENT/CEO/EX-OFFICIO)

Highest reported compensation

  • ELISE BORDSON-BOZZO (CFO): $103,516 total reported compensation
  • MICHAEL GRIFFIN (PRESIDENT/CEO/EX-OFFICIO): $64,930 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To provide financial resources to carry out the purpose of executing the mission of ascension depaul services.

What it reported doing in 2024

To participate in the acquisition and construction by ads of two nonprofit medical centers, located at 2801 general degaulle dr, new orleans, Louisiana and 1629 westbank expressway, suite a, harvey, Louisiana, as part of the new markets tax credit transaction by acting as a leverage lender to the investment fund providing equity to the project.to participate in the relocation by ads of one nonprofit medical center, located at 1300 oretha castle haley blvd, suite b, new orleans, Louisiana, as part of the new markets tax credit transaction by acting as a leverage lender to the investment fund providing equity to the project.to participate in the renovation and expansion by ads of one nonprofit medical center, located at 3715 williams blvd, suite 220, kenner, Louisiana, as part of the new markets tax credit transaction by acting as a leverage lender to the investment fund providing equity to the project.

Operating model

Revenue model
Affiliate-supported. 96% of the money available for current operations came from contributions from related organizations.
Distribution model
No current program activity. The filing reports no program spending for the current year.

The verdict

MIXED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 0
  • Transparency & Controls: 92
  • Accountability: 76
  • Sustainability: 11
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0%; rating input score 0
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • 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: 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: Limited
  • Total-asset coverage ratio: Limited
  • Liabilities to assets ratio: 0; rating input score 97; 97th percentile among comparable filings
  • Officer compensation ratio: Limited

Growth

  • Program expense growth: -14.6% per year; rating input score 0; 2nd percentile among comparable filings
  • Revenue growth: 12.1% per year; rating input score 100; 75th percentile among comparable filings
  • Asset growth: -3.1% per year; rating input score 0; 6th percentile among comparable filings

Details

  • Where the money goes: 0% of revenue deployed
  • Governance: 3 of 4 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $104K · 5 people listed
  • Consistency: 10 of 10 current checks pass
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 13 filing years from 2012 to 2024
  • Contacts: How to reach this organization
  • Related organizations: 2 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.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Mission deployment rate scored 0/100.
  • High — Growth: Program expense growth scored 0/100.
  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • High — Growth: Asset growth scored 0/100.