Carson Foundation Inc

Nonprofit profile at a glance

EIN
460877509
IRS 990 coverage
2019–2020
Forms available
Form 990 2020, Form 990-EZ 2018
Location
Carson City, MI, USA
Phone
9895846211
Rating
52
Verdict
MIXED
Rating confidence
Moderate
Sector
Single Organization Support

Official website

Reported finances

Revenue
$58,872
Expenses
$6,448
Assets
$649,670
Liabilities
$2,725

Source: IRS Form 990. Selected filing: tax year 2020. Amounts in USD.

Leadership & pay

7 people listed

Executive titles in this filing

  • MARK BRISBOE (PRESIDENT)

Highest reported compensation

  • PAULA REICHLE (SR VP - CFO): $632,321 total reported compensation
  • DAVID FREESTONE MD (CHAIR): $354,060 total reported compensation
  • MARK BRISBOE (PRESIDENT): $276,130 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2020. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The mission of the carson foundation is to enhance resources for high quality and accessible health care to the communities we serve, with integrity, through stewardship and philanthropy.

What it reported doing in 2020

Fundraising events and campaigns to support the mission of enhancing resources for high quality and accessible health care to the communities we serve. Current year support of the carson cares and community fund includes payments to community organizations for life saving equipment and rehabilitation.

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 100% of its reported program spending out as grants.

The verdict

MIXED - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and a relatively small share of voting board members are independent.

Rating breakdown

  • Financial Efficiency: 33
  • Transparency & Controls: 88
  • Accountability: 40
  • Sustainability: 78
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 12.9%; rating input score 13
  • Program expense ratio: 76%; rating input score 76
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 81.8%; rating input score 82; 2nd percentile among comparable filings
  • Pay-setting controls: 6 of 6 controls in place; rating input score 100
    • Compensation committee: Pass
    • Independent consultant: Pass
    • Other Form 990s reviewed: Pass
    • Written employment contract: Pass
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 12.5%; rating input score 12; 17th percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • 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: 89%; rating input score 98; 98th percentile among comparable filings
  • Total-asset coverage ratio: 100.76; rating input score 95; 95th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 36; 36th percentile among comparable filings
  • Officer compensation ratio: 4,260.3%; rating input score 0; 0th percentile among comparable filings

Growth

  • Program expense growth: -137% per year; rating input score 0; 2nd percentile among comparable filings
  • Revenue growth: -6.7% per year; rating input score 0; 45th percentile among comparable filings
  • Asset growth: 17.7% per year; rating input score 100; 89th percentile among comparable filings

Details

  • Where the money goes: 12.9% of revenue deployed · 76% of spending went to programs
  • Governance: 1 of 8 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $5K in reported program spending
  • Leadership: top reported pay $632K · 7 people listed · 6 of 6 pay-setting controls reported
  • Consistency: 15 of 16 current checks pass · 1 finding to review
  • Schedules: 5 filed schedules · includes executive pay
  • Filing history: 2 filing years from 2019 to 2020
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Related organizations: 22 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 — Accountability: Independent voting board scored 12/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
  • High — Sustainability: Officer compensation ratio scored 0/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 36/100.