Benefit Fund of McKenzie County Healthcare Systems

Nonprofit profile at a glance

EIN
363431210
IRS 990 coverage
2009–2024
Forms available
Form 990 2024
Location
Watford City, ND, USA
Phone
7014448061
Rating
80
Verdict
STRONG
Rating confidence
Moderate
Sector
Supportive Housing for Older Adults

Official website

Reported finances

Revenue
$4,469,809
Expenses
$4,584,885
Assets
$28,296,727
Liabilities
$15,248

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

Leadership & pay

9 people listed

Executive titles in this filing

  • Daniel Kelly President (Executive Director (until Oct))
  • Lynn Welker President (Executive Director (start Nov))

Highest reported compensation

  • Daniel Kelly President (Executive Director (until Oct)): $244,557 total reported compensation
  • William Scott Merkle (CFO): $210,176 total reported compensation

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

Overview

Mission

The Benefit Fund of McKenzie County Healthcare Systems (MCHS) is a nonprofit organization that works cooperatively with MCHS to meet the ongoing needs of the McKenzie County Hospital, the Good Shepherd Home, Continued on Schedule O...the McKenzie County Clinic, and the Connie Wold Wellness Center. The staff of the Benefit Fund works closely with the residents of the County to foster community participation and contributions to the healthcare system.

What it reported doing in 2024

The Benefit Fund works cooperatively with McKenzie County Healthcare System, Inc. to meet the ongoing needs of the facility and the residents served by McKenzie County Healthcare System, Inc. The Fund identifies appropriate federal, state and private funding sources and prepares proposals to secure the necessary infrastructure, equipment and programs vital to the delivery of quality, local healthcare to the residents of McKenzie County. The Benefit Fund hosts county-wide fundraising events designed to keep the communities of the County involved in the healthcare system. Social and print media are utilized to recognize donors and to provide information on new programs offered and needs of the Benefit Fund and McKenzie County Healthcare Systems, Inc.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Grant intermediary. The nonprofit sent 96% of its reported program spending out as grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 84
  • Transparency & Controls: 75
  • Accountability: 82
  • Sustainability: 54
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 95.3%; rating input score 95
  • Program expense ratio: 89.7%; rating input score 90
  • Fundraising efficiency: $4.48 raised per $1 spent on fundraising; rating input score 15; 15th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 1 of 6 controls in place; rating input score 17
    • Compensation committee: Missing
    • Independent consultant: Missing
    • 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: 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: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 5 of 9 controls in place; rating input score 56
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Pass
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -2.6%; rating input score 25; 25th percentile among comparable filings
  • Total-asset coverage ratio: 6.17; rating input score 86; 86th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 93; 93rd percentile among comparable filings
  • Officer compensation ratio: 5.8%; rating input score 48; 48th percentile among comparable filings

Growth

  • Program expense growth: 4.6% per year; rating input score 100; 37th percentile among comparable filings
  • Revenue growth: 5.2% per year; rating input score 100; 43rd percentile among comparable filings
  • Asset growth: 12.7% per year; rating input score 100; 68th percentile among comparable filings

Details

  • Where the money goes: 95.3% of revenue deployed · 89.7% of spending went to programs
  • Governance: 6 of 6 board members independent · 5 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $4.1M in reported program spending
  • Leadership: top reported pay $245K · 9 people listed · 1 of 6 pay-setting controls reported
  • Highest-paid contractors: 1 contractor listed · $165K reported
  • Consistency: 33 of 33 current checks pass
  • Schedules: 9 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 15 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 4 filed money-flow records
  • Related organizations: 3 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: Fundraising efficiency scored 15/100.
  • Review — Accountability: Governance controls: 4 of 9 not reported.
  • High — Sustainability: Operating margin scored 25/100.
  • Moderate — Sustainability: Officer compensation ratio scored 48/100.