CRMC Children's Center

Nonprofit profile at a glance

EIN
201287159
IRS 990 coverage
2011–2016
Forms available
Form 990 2016
Location
Cookeville, TN, USA
Phone
9316462492
Rating
58
Verdict
MIXED
Rating confidence
Moderate
Sector
Child Day Care

Reported finances

Revenue
$283,232
Expenses
$357,608
Assets
$0
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2016. Amounts in USD.

Leadership & pay

4 people listed

Executive titles in this filing

  • PAUL KORTH (PRESIDENT)
  • JOHN BEAL (Former VICE PRESIDENT)

Highest reported compensation

  • PAUL KORTH (PRESIDENT): $557,910 total reported compensation
  • ANGEL LEWIS (SECRETARY): $279,638 total reported compensation
  • TOMMYE RENA WELLS (TREASURER): $199,421 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2016. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

CRMC CHILDREN'S CENTER ("Center") is a public benefit not-for-profit corporation and a subsidiary of Cookeville Regional Medical Center ("CRMC"). The Center's primary purpose and mission is to provide a quality early-childhood program at competitive prices to employees of CRMC. Secondarily, CRMC Children's Center RECOGNIZES THE PUBLIC'S NEED FOR QUALITY CHILD CARE AND WILL OFFER A PERCENTAGE OF THE OPEN POSITIONS TO THE COMMUNITY. CRMC CHILDREN'S CENTER WILL INSURE THAT TOP QUALITY CHILD CARE IS OFFERED INCLUDING DEVELOPMENTALLY APPROPRIATE CURRICULUMS, HIGH NUTRITIONAL STANDARDS, A SANITARY ENVIRONMENT, SOCIAL AND EMOTIONAL ENRICHMENT AND FREQUENT PARENT COMMUNICATIONS.

What it reported doing in 2016

Crmc children's center dissolved effective december 31, 2016. All assets were transferred to its parent, cookeville regional medical center, an organization exempt from taxation as a governmental unit under internal revenue code section 115 (see schedule n).from july 1, 2016 through december 31, 2016, crmc children's center offered several program options. - an infant program serving children ages 6 weeks to one year.- a toddler program serving children 12 months to 36 months.- a pre-school program serving children 3 to 5 years. Full time care was offered monday through friday from 6:15 am until 5:30 pm for non-crmc employees and until 6:00 pm for crmc employees. All programs offered care provided by skilled child care professionals, nutritionally balanced meals, and age appropriate activities. Parents can also rest assured that medical services are available nearby if they are needed.crmc children's center ensured the following for community children of working parents:-daily information concerning the child's activities-parent-teacher conferences when necessary-frequent, positive, and warm interactions among the adults and children-highly trained teachers-enrichment opportunities-well-designed, age-appropriate play areas-a healthy and safe environment for children-regular communication with parents-effective administration-ongoing, systematic evaluations

Operating model

Revenue model
Earned-program. 100% 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 and the filed numbers largely add up. 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: 84
  • Transparency & Controls: 60
  • Accountability: 32
  • Sustainability: 5
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 86.2%; rating input score 86
  • Fundraising efficiency: Limited

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: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 0%; rating input score 0; 6th percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • 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: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -26.3%; rating input score 10; 10th percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 1; 1st percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 68.8%; rating input score 2; 2nd percentile among comparable filings

Growth

  • Program expense growth: -17.9% per year; rating input score 0; 10th percentile among comparable filings
  • Revenue growth: -6.8% per year; rating input score 0; 15th percentile among comparable filings
  • Asset growth: -19.4% per year; rating input score 0; 6th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 86.2% of spending went to programs
  • Governance: 0 of 4 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $308K in reported program spending
  • Leadership: top reported pay $558K · 4 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 17 of 17 current checks pass
  • Schedules: 6 filed schedules · includes executive pay
  • Filing history: 6 filing years from 2011 to 2016
  • Contacts: How to reach this organization
  • Related organizations: 5 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.
  • High — Sustainability: Operating margin scored 10/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • High — Sustainability: Total-asset coverage ratio scored 1/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 2/100.