Caldwell Health Care Properties Inc

Nonprofit profile at a glance

EIN: 510605680
IRS 990 coverage: 2010–2019
Forms available: Form 990 2019
Location: Maitland, FL, USA
Phone: 4079753000
Rating: 34
Verdict: REVIEW
Rating confidence: Moderate
Sector: Nonmonetary Support N.E.C.

Reported finances

Revenue: $60,635
Expenses: $6,516
Assets: $0
Liabilities: $0

Source: IRS Form 990. Selected filing: tax year 2019. Amounts in USD.

Leadership & pay

7 people listed

Highest reported compensation

Johnson Sandra K (Board Chairman): $1,681,059 total reported compensation
Johnson Penny L (Director): $890,387 total reported compensation
Givens Michelle R (Director/Pres.): $845,064 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2019. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Adventist Health System Sunbelt Healthcare Corporation and all its subsidiary organizations were established by the Seventh-Day Adventist Church to bring a ministry of healing and health to the communities served. Our mission is to extend the healing ministry of Christ.The hospital and healthcare system whose parent is Adventist Health System Sunbelt Healthcare Corporation is known as AdventHealth. AdventHealth seeks to be widely respected as a consumer-focused organization that engages individuals in their health by delivering wholistic, best practice care across a connected, comprehensive continuum of services. With Christ as our example, AdventHealth cares for and nurtures people: our employees, our communities, our healthcare professionals, and those who trust us for care and healing.

What it reported doing in 2019

Lease of nursing home facility to provide housing and medical care to its elderly residents. The lessor organization supports the lessee in operating a nursing home facility in a charitable manner. The lessor and lessee are commonly controlled related tax-exempt organizations. In 2018, the operations of the lessee were sold to an unrelated party in an arm's length transaction. As a result, in the current year, the filing organization became inactive and dissolved effective 12/31/2019.

Operating model

Revenue model: Investment-supported. 100% of the money available for current operations came from recurring investment income.
Distribution model: No current program activity. The filing reports no program spending for the current year.

The verdict

REVIEW - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

Financial Efficiency: 0
Transparency & Controls: 67
Accountability: 48
Sustainability: 47
Growth: 40

Detailed rating inputs

Financial Efficiency

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

Transparency & Controls

Consistency checks: 100%; rating input score 100; 62nd 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: Limited
Related-party transparency: Yes; rating input score 100

Accountability

Independent voting board: 20%; rating input score 20; 17th percentile among comparable filings
Governance controls: 7 of 9 controls in place; rating input score 88
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Limited
- 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 98; 98th percentile among comparable filings
Total-asset coverage ratio: 0; rating input score 2; 2nd percentile among comparable filings
Liabilities to assets ratio: Limited
Officer compensation ratio: 8,906.7%; rating input score 0; 0th percentile among comparable filings

Growth

Program expense growth: -24.4% per year; rating input score 0; 18th percentile among comparable filings
Revenue growth: 3.4% per year; rating input score 100; 74th percentile among comparable filings
Asset growth: -15.7% per year; rating input score 0; 11th percentile among comparable filings

Details

Where the money goes: 0% of revenue deployed · 0% of spending went to programs
Governance: 1 of 5 board members independent · 7 of 9 filing controls reported
Programs: 1 filed program accomplishment
Leadership: top reported pay $1.7M · 7 people listed · 0 of 6 pay-setting controls reported
Consistency: 12 of 12 current checks pass
Schedules: 6 filed schedules · includes executive pay and related organizations
Filing history: 10 filing years from 2010 to 2019
Contacts: How to reach this organization
Related organizations: 139 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 — Financial Efficiency: Program expense ratio scored 0/100.
High — Transparency & Controls: Pay-setting controls scored 0/100.
High — Accountability: Independent voting board scored 20/100.
High — Growth: Program expense growth scored 0/100.
High — Sustainability: Total-asset coverage ratio scored 2/100.
Review — Accountability: Governance controls: Other executive compensation review process not reported.
High — Growth: Asset growth scored 0/100.
High — Sustainability: Officer compensation ratio scored 0/100.