Cottage Medical Foundation

Nonprofit profile at a glance

EIN
934714437
IRS 990 coverage
2024–2024
Forms available
Form 990 2024, Form 990-N 2023
Location
Santa Barbara, CA, USA
Phone
8052876903
Rating confidence
Limited
Sector
Health Treatment Facilities, Primarily Outpatient

Official website

Reported finances

Revenue
$-284,260
Expenses
$580,813
Assets
$17,786,946
Liabilities
$18,652,019

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

Leadership & pay

9 people listed

Executive titles in this filing

  • KEVIN DAVIDSON (President)

Highest reported compensation

  • Lisa Moore (Vice Chair): $1,236,753 total reported compensation
  • Kristin Tufvesson (Treasurer): $1,182,544 total reported compensation
  • Stacy Bratcher (Secretary): $1,095,971 total reported compensation

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

Overview

Mission

Cottage medical foundation is organized to promote health and to expand access to quality healthcare services in central California, providing relief to the distressed who have limited access to care. The goal of the organization is to expand both physical and virtual health infrastructure, creating educational opportunities for future healthcare workforce and expanding research opportunities to support continued growth in healthcare resources.

What it reported doing in 2024

Cottage medical foundation is organized to promote health and to expand access to quality healthcare services in central California, providing relief to the distressed who have limited access to care. The goal of the organization is to expand both physical and virtual health infrastructure, creating educational opportunities for future healthcare workforce and expanding research opportunities to support continued growth in healthcare resources. During 2024 cottage medical foundation entered into joint ventures with two surgical centers serving the santa barbara and north county areas in order to further its mission of providing access to quality outpatient surgical services through a cost-effective alternative to traditional inpatient hospital care.

Operating model

Revenue model
No positive adjusted resources. The filing reports no positive adjusted operating resources.
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

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

Rating breakdown

  • Financial Efficiency: 75
  • Transparency & Controls: 89
  • Accountability: 75
  • Sustainability: 31
  • Growth: NotEnoughData

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: 100%; rating input score 100
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 4 of 6 controls in place; rating input score 67
    • Compensation committee: Pass
    • Independent consultant: Pass
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • 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: Yes; rating input score 100

Accountability

  • Independent voting board: 57.1%; rating input score 57; 21st 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: -304.3%; rating input score 10; 10th percentile among comparable filings
  • Total-asset coverage ratio: 30.62; rating input score 86; 86th percentile among comparable filings
  • Liabilities to assets ratio: 1.05; rating input score 5; 5th percentile among comparable filings
  • Officer compensation ratio: 59.6%; rating input score 6; 6th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: Limited
  • Asset growth: Limited

Details

  • Where the money goes: 100% of spending went to programs
  • Governance: 4 of 7 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $581K in reported program spending
  • Leadership: top reported pay $1.2M · 9 people listed · 4 of 6 pay-setting controls reported
  • Consistency: 16 of 16 current checks pass
  • Schedules: 5 filed schedules · includes executive pay and related organizations
  • Contacts: How to reach this organization
  • 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 — Accountability: Independent voting board scored 57/100.
  • High — Sustainability: Operating margin scored 10/100.
  • High — Sustainability: Liabilities to assets ratio scored 5/100.
  • High — Sustainability: Officer compensation ratio scored 6/100.