Cadence Health Foundation

Nonprofit profile at a glance

EIN
364401289
IRS 990 coverage
2009–2012
Forms available
Form 990 2012
Location
Winfield, IL, USA
Phone
6309331600
Rating confidence
Limited
Sector
Single Organization Support

Official website

Reported finances

Revenue
$8,235,084
Expenses
$7,340,086
Assets
$40,624,466
Liabilities
$1,523,581

Source: IRS Form 990. Selected filing: tax year 2012. Amounts in USD.

Leadership & pay

30 people listed

Source: IRS Form 990. Selected filing: tax year 2012. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Cadence health foundation seeks philanthropic gifts to advance excellent healthcare to the people in the communities served by central dupage hospital, delnor-community hospital and other related cadence health system organizations.

What it reported doing in 2012

Cadence health foundation provides philanthropic financial support for central dupage hospital (cdh) and delnor hospital and other cadence health affiliates, including cns home health & hospice, delnor glen, homecare physicians and livingwell cancer resource center. To advance excellent healthcare for people in chicago's western suburbs and surrounding region, cadence health is committed to investing in people, facilities, technology, services and programsto treat stroke, movement disorders, cancer, heart disease and other adult and childhood illnesses. Cadence health foundation works with individuals, foundations, corporations and other organizations to explore the potential to make a gift that addresses a donor's interests and concerns and advances exceptional healthcare to cadence health patients.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 75
  • Accountability: 96
  • Sustainability: 73
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 60th 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; 70th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 93.5%; rating input score 94; 25th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 10.9%; rating input score 75; 75th percentile among comparable filings
  • Total-asset coverage ratio: 5.53; rating input score 86; 86th percentile among comparable filings
  • Liabilities to assets ratio: 0.04; rating input score 83; 83rd percentile among comparable filings
  • Officer compensation ratio: 9.2%; rating input score 24; 24th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 41.9% per year; rating input score 100; 94th percentile among comparable filings
  • Asset growth: 33.6% per year; rating input score 100; 93rd percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 29 of 31 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $4.7M in reported program spending
  • Leadership: top reported pay $3.6M · 30 people listed · 0 of 6 pay-setting controls reported
  • Highest-paid contractors: 1 contractor listed
  • Consistency: 29 of 29 current checks pass
  • Schedules: 9 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 4 filing years from 2009 to 2012
  • Money network: 11 filed money-flow records
  • Related organizations: 19 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 — Transparency & Controls: Pay-setting controls scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 24/100.