CHRISTUS St Michael Foundation

Nonprofit profile at a glance

EIN
471655865
IRS 990 coverage
2016–2024
Forms available
Form 990 2024
Location
Texarkana, TX, USA
Phone
9036142448
Rating
71
Verdict
SUPPORTED
Rating confidence
Standard

Official website

Reported finances

Revenue
$1,500,500
Expenses
$872,424
Assets
$8,681,262
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

21 people listed

Executive titles in this filing

  • JASON ADAMS (PRESIDENT)
  • SUSAN LANDREAUX (EXECUTIVE DIRECTOR)

Highest reported compensation

  • JASON ADAMS (PRESIDENT): $820,068 total reported compensation
  • Glen Boles (TREASURER/CFO): $576,560 total reported compensation
  • SUSAN LANDREAUX (EXECUTIVE DIRECTOR): $156,987 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The corporation is organized and shall be operated exclusively for the charitable, scientific, and educational purposes of advancing, promoting, and supporting the health care ministries of those religious congregations (the "sponsoring congregations") qualifies and approved as a sponsor of christus health ("christus") in accordance with the bylaws of christus without limiting the generality of the foregoing, the corporation's mission shall be to extend the healing ministry of jesus christ, consistent therewith, shall operate according to the doctrines, resolutions, decrees and ethical principles of the sponsoring congregation and the ethical and religious directives for catholic health sevices as promulgated and amended from time to time by the united states catholic conference of bishops.

What it reported doing in 2024

The primary purpose of the Corporation is to promote philanthropy and charitable giving to provide resources to enhance the ability of CHRISTUS Health Ark-La-Tex in its mission of extending the healing ministry of Jesus Christ by providing for the community's health needs. In furtherance of those purposes, the Foundation shall solicit and receive charitable gifts and grants to administer and invest and reinvest the same and to apply the whole or any part of the income and the principal exclusively for the benefit of the health care facilities, services and healthy community programs supported or operated by CHRISTUS Health Ark-La-Tex within its service area, for so long as CHRISTUS Health Ark-La-Tex qualifies as an exempt organization under Section 501 (c )(3) of the Internal Revenue Code or corresponding provisions of any subsequent Code or federal tax law.

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

SUPPORTED - 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: 58
  • Transparency & Controls: 76
  • Accountability: 90
  • Sustainability: 83
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 57.3%; rating input score 57
  • Program expense ratio: 73%; rating input score 73
  • Fundraising efficiency: $4.53 raised per $1 spent on fundraising; rating input score 15; 15th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd 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: 99.9%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 90%; rating input score 90; 23rd percentile among comparable filings
  • Governance controls: 8 of 9 controls in place; rating input score 89
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • 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: 41.9%; rating input score 90; 90th percentile among comparable filings
  • Total-asset coverage ratio: 9.95; rating input score 92; 92nd percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 91; 91st percentile among comparable filings
  • Officer compensation ratio: 14.5%; rating input score 24; 24th percentile among comparable filings

Growth

  • Program expense growth: 7.1% per year; rating input score 100; 52nd percentile among comparable filings
  • Revenue growth: -4.8% per year; rating input score 0; 5th percentile among comparable filings
  • Asset growth: 3.4% per year; rating input score 100; 32nd percentile among comparable filings

Details

  • Where the money goes: 57.3% of revenue deployed · 73% of spending went to programs
  • Governance: 18 of 20 board members independent · 8 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $637K in reported program spending
  • Leadership: top reported pay $820K · 21 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 25 of 25 current checks pass
  • Schedules: 8 filed schedules · includes major donors, grants, executive pay, and related organizations
  • Filing history: 7 filing years from 2016 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Related organizations: 8 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.

  • Review — Financial Efficiency: Mission deployment rate scored 57/100.
  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • High — Financial Efficiency: Fundraising efficiency scored 15/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Accountability: Governance controls: Other executive compensation review process not reported.
  • High — Sustainability: Officer compensation ratio scored 24/100.