Bristol Hospital Development Foundation Inc

Nonprofit profile at a glance

EIN
222577740
IRS 990 coverage
2009–2023
Forms available
Form 990 2023
Location
Bristol, CT, USA
Phone
8605853365
Rating
58
Verdict
MIXED
Rating confidence
Moderate
Sector
Hospital, General

Official website

Reported finances

Revenue
$2,472,657
Expenses
$264,892
Assets
$8,794,843
Liabilities
$20,268

Source: IRS Form 990. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

31 people listed

Executive titles in this filing

  • KURT BARWIS (PRESIDENT & CEO)
  • CHRISTINE LAPRISE (VICE PRESIDENT, OPERATIONS)

Highest reported compensation

  • KURT BARWIS (PRESIDENT & CEO): $687,770 total reported compensation
  • CHRIS ANN MEANEY (SVP, COO & CNO): $331,607 total reported compensation
  • CHRISTINE LAPRISE (VICE PRESIDENT, OPERATIONS): $283,633 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The bristol hospital development foundation is dedicated to the financial support of bristol hospital and health care group through implementation and enhancement of hospital and affiliate-based development and community relations programs. The bristol hospital development foundation is a non-profit, publicly supported organization which exists to solicit, receive, invest, manage, disburse and coordinate philanthropic funds on behalf of bristol hospital and health care group and its affiliates.

What it reported doing in 2023

The bristol hospital development foundation maintains for bristol hospital and health care group a comprehensive program seeking philanthropic donations from individuals, businesses/corporations, foundations and other organizations through four principal activities:1) procurement of capital and major gifts through periodic campaigns and programs to address significant new capital and program needs;2) procurement of annual gifts through direct mail, membership enrollment and other broad-based fundraising techniques to address short-term capital and program needs;3) conduct special events to involve community members, solidify and enhance donor relationships and promote the charitable purposes of the bristol hospital development foundation;4) procurement of planned gifts and promotion of charitable estate planning to build endowment for long-range needs.

Operating model

Revenue model
Donor-supported. 88% of the money available for current operations came from contributions and gifts.
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.

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 few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence.

Rating breakdown

  • Financial Efficiency: 36
  • Transparency & Controls: 62
  • Accountability: 88
  • Sustainability: 87
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 13.2%; rating input score 13
  • Program expense ratio: 64%; rating input score 64
  • Fundraising efficiency: $32.45 raised per $1 spent on fundraising; rating input score 71; 71st percentile among comparable filings

Transparency & Controls

  • Consistency checks: 94.1%; rating input score 94; 22nd 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: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 95.7%; rating input score 96; 26th 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: 89.3%; rating input score 99; 99th percentile among comparable filings
  • Total-asset coverage ratio: 33.2; rating input score 98; 98th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 92; 92nd percentile among comparable filings
  • Officer compensation ratio: 28.4%; rating input score 6; 6th percentile among comparable filings

Growth

  • Program expense growth: -20.5% per year; rating input score 0; 2nd percentile among comparable filings
  • Revenue growth: 1.7% per year; rating input score 100; 21st percentile among comparable filings
  • Asset growth: 2.1% per year; rating input score 100; 21st percentile among comparable filings

Details

  • Where the money goes: 13.2% of revenue deployed · 64% of spending went to programs
  • Governance: 22 of 23 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $170K in reported program spending
  • Leadership: top reported pay $688K · 31 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 25 of 26 current checks pass · 1 finding to review
  • Schedules: 7 filed schedules · includes major donors and executive pay
  • Filing history: 15 filing years from 2009 to 2023
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • Related organizations: 6 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 13/100.
  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • High — Growth: Program expense growth scored 0/100.
  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • High — Sustainability: Officer compensation ratio scored 6/100.