Care Enterprises Inc
Nonprofit profile at a glance
- EIN
- 341366709
- IRS 990 coverage
- 2010–2020
- Forms available
- Form 990 2020, Form 990-T 2020
- Location
- Maumee, OH, USA
- Phone
- 4198878791
- Rating
- 57
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Health Support Services
Reported finances
- Revenue
- $2,435,011
- Expenses
- $1,802,437
- Assets
- $0
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2020. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- MONTGOMERY JENNIFER (PRESIDENT/CEO, EX-OFFICIO)
- WAKEMAN DANIEL L (FORMER PRESIDENT/CEO, EX-OFFICIO)
Highest reported compensation
- MONTGOMERY JENNIFER (PRESIDENT/CEO, EX-OFFICIO): $951,790 total reported compensation
- WAKEMAN DANIEL L (FORMER PRESIDENT/CEO, EX-OFFICIO): $468,833 total reported compensation
- RILEY KEVIN (TREASUER/CFO (PART YEAR)): $372,986 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2020. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Care enterprises inc., a non-profit organization, primarily leases office space for healthcare services primarily to physicians and hospital based ancillary departments for the benefit, service and support of community health needs at st. Luke's hospital.
What it reported doing in 2020
Care enterprises, inc. Rents medical office space to physicians, members of st. Luke's medical staff and directly to st. Luke's hospital. This contributes importantly to st. Luke's exempt purpose of promotion of the community's health by improving patient care by reducing the time medical staff must travel, providing patients with the convenience of medical services located adjacent to st. Luke's hospital and retaining and recruiting quality physicians to st. Luke's medical staff.
Operating model
- Revenue model
- Earned-program. 99% of the money available for current operations came from fees and other program revenue.
- 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 - A large share of available resources goes toward mission work. A relatively small share of voting board members are independent and few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence.
Rating breakdown
- Financial Efficiency: 74
- Transparency & Controls: 59
- Accountability: 28
- Sustainability: 38
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 72.5%; rating input score 73
- Program expense ratio: 99.3%; rating input score 99
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 92.3%; rating input score 92; 9th 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: Limited
Accountability
- Independent voting board: 0%; rating input score 0; 3rd percentile among comparable filings
- Governance controls: 6 of 9 controls in place; rating input score 67
- 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: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 26%; rating input score 78; 78th percentile among comparable filings
- Total-asset coverage ratio: 0; rating input score 0; 0th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 17.7%; rating input score 14; 14th percentile among comparable filings
Growth
- Program expense growth: -1.3% per year; rating input score 0; 20th percentile among comparable filings
- Revenue growth: 2.6% per year; rating input score 100; 34th percentile among comparable filings
- Asset growth: -2.3% per year; rating input score 0; 10th percentile among comparable filings
Details
- Where the money goes: 72.5% of revenue deployed · 99.3% of spending went to programs
- Governance: 0 of 3 board members independent · 6 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $1.8M in reported program spending
- Leadership: top reported pay $952K · 6 people listed · 0 of 6 pay-setting controls reported
- Consistency: 23 of 24 current checks pass · 1 finding to review
- Schedules: 5 filed schedules · includes executive pay
- Filing history: 11 filing years from 2010 to 2020
- Contacts: How to reach this organization
- Related organizations: 61 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 — Accountability: Independent voting board scored 0/100.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- Review — Accountability: Governance controls: 3 of 9 not reported.
- High — Growth: Program expense growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 0/100.
- High — Growth: Asset growth scored 0/100.
- Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
- High — Sustainability: Officer compensation ratio scored 14/100.