Desoto Memorial Hospital Foundation Inc
Nonprofit profile at a glance
- EIN
- 593672817
- IRS 990-EZ coverage
- 2009–2015
- Forms available
- Form 990-EZ 2015
- Location
- Arcadia, FL, USA
- Phone
- 9414943535
- Rating
- 71
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Single Organization Support
Reported finances
- Revenue
- $20,900
- Expenses
- $10,266
- Assets
- $143,002
- Liabilities
- $12,011
Source: IRS Form 990-EZ. Selected filing: tax year 2015. Amounts in USD.
Leadership & pay
6 people listed
People named in this filing
- VAIDY NATHAN MD (CHAIRMAN)
- BONNIE MOLLOY (TREASURER)
- KATHY BRADT (BOARD MEMBER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2015. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Support desoto memorial hospital through fundraising and public support
What it reported doing in 2015
Fund desoto memorial hospital. For the fiscal year the foundation paid for a feasibility study.
Operating model
- Revenue model
- Other-operating. 100% of the money available for current operations came from other operating revenue.
- Distribution model
- Grant intermediary. The nonprofit sent 99% of its reported program spending out as grants.
The verdict
SUPPORTED - A large share of total spending goes to programs and the filed numbers largely add up. A relatively small share of available resources goes toward mission work and program spending has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 68
- Transparency & Controls: 82
- Sustainability: 81
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 49.1%; rating input score 49
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 50.9%; rating input score 93; 93rd percentile among comparable filings
- Total-asset coverage ratio: 13.93; rating input score 94; 94th percentile among comparable filings
- Liabilities to assets ratio: 0.08; rating input score 26; 26th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 57; 57th percentile among comparable filings
Growth
- Program expense growth: -2.2% per year; rating input score 0; 45th percentile among comparable filings
- Revenue growth: -4.3% per year; rating input score 0; 41st percentile among comparable filings
- Asset growth: -4.9% per year; rating input score 0; 30th percentile among comparable filings
Details
- Where the money goes: 49.1% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $10K in reported program spending
- Leadership: top reported pay $0 · 6 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 3 filed schedules
- Filing history: 7 filing years from 2009 to 2015
- Contacts: How to reach this organization
- 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.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- Moderate — Financial Efficiency: Mission deployment rate scored 49/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 26/100.
- Review — Sustainability: Officer compensation ratio scored 57/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.