Decatur Memorial Foundation

Nonprofit profile at a glance

EIN
371169605
IRS 990 coverage
2009–2017
Forms available
Form 990 2017
Location
Decatur, IL, USA
Phone
2178762106
Rating
69
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Community Health Systems

Official website

Reported finances

Revenue
$2,146,064
Expenses
$590,425
Assets
$70,376,075
Liabilities
$1,328,582

Source: IRS Form 990. Selected filing: tax year 2017. Amounts in USD.

Leadership & pay

14 people listed

Executive titles in this filing

  • TIMOTHY D STONE JR (PRESIDENT AN)

Highest reported compensation

  • TIMOTHY D STONE JR (PRESIDENT AN): $547,640 total reported compensation
  • KAREN SCHNELLER (EXECUTIVE DI): $107,051 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2017. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The foundation's mission is to support and benefit decatur memorial hospital (a 280-bed acute care hospital and related facilities providing comprehensive inpatient, outpatient and physician service). It does this by conducting fund development activities, holding title to assets, and overseeing their prudent and effective investment and management.

What it reported doing in 2017

The foundation supports decatur memorial hospital continuously through its day-to-day operations, which include cultivating donors and maintaining donor relationships, managing and overseeing income-producing assets such as real estate and investments, and planning and coordinating various fundraising events.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 95% 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.
  • Includes noncash contributions: Reported contributions include donated property or goods.

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 the required major-donor schedule is missing or incomplete.

Rating breakdown

  • Financial Efficiency: 49
  • Transparency & Controls: 78
  • Accountability: 90
  • Sustainability: 93
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 39.1%; rating input score 39
  • Program expense ratio: 81.4%; rating input score 81
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd 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: 100%; rating input score 100; 71st percentile among comparable filings
  • Major donor itemization: No; rating input score 0
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 81.8%; rating input score 82; 15th 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: 72.5%; rating input score 97; 97th percentile among comparable filings
  • Total-asset coverage ratio: 119.2; rating input score 100; 100th percentile among comparable filings
  • Liabilities to assets ratio: 0.02; rating input score 86; 86th percentile among comparable filings
  • Officer compensation ratio: 3.1%; rating input score 66; 66th percentile among comparable filings

Growth

  • Program expense growth: 8.3% per year; rating input score 100; 65th percentile among comparable filings
  • Revenue growth: -10.2% per year; rating input score 0; 3rd percentile among comparable filings
  • Asset growth: 12.8% per year; rating input score 100; 75th percentile among comparable filings

Details

  • Where the money goes: 39.1% of revenue deployed · 81.4% of spending went to programs
  • Governance: 9 of 11 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $481K in reported program spending
  • Leadership: top reported pay $548K · 14 people listed · 4 of 6 pay-setting controls reported
  • Consistency: 24 of 24 current checks pass
  • Schedules: 7 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 9 filing years from 2009 to 2017
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 6 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.

  • Moderate — Financial Efficiency: Mission deployment rate scored 39/100.
  • High — Transparency & Controls: Major donor itemization scored 0/100.
  • High — Growth: Revenue growth scored 0/100.