Ecmc Foundation Inc

Nonprofit profile at a glance

EIN
223283946
IRS 990 coverage
2013–2024
Forms available
Form 990 2024
Location
Buffalo, NY, USA
Phone
7168985800
Rating
71
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Fund Raising and/or Fund Distribution

Official website

Reported finances

Revenue
$2,157,239
Expenses
$1,841,704
Assets
$7,491,196
Liabilities
$1,462,650

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

Leadership & pay

28 people listed

Highest reported compensation

  • SUSAN M GONZALEZ (EXECUTIVE DI): $280,374 total reported compensation
  • ANGELA VACANTI (SECRETARY): $210,642 total reported compensation
  • GARNEY DAVIS JR (DIRECTOR): $149,529 total reported compensation

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

Overview

Mission

To assist the erie county medical center corporation in procuring the resources needed to be the medical center of choice through excellence in patient care and customer service.

What it reported doing in 2024

On behalf of the hospital ("ecmc"), the ecmc foundation raised, held, and administered funds that were invested into achieving the highest quality of healthcare and trauma care for patients, regardless of their race, gender, ethnicity, income, or insurance status. Such funds were utilized for free healthcare programs, wellness seminars, and community outreach programs in the city of buffalo and western New York. Ecmc foundation's mobile mammography coach is an example of a healthcare/educational/wellness program for women that has benefited from the financial resources that have been raised by ecmc foundation. The mobile screening program travels to off-site locations and offers free walk-on screenings for women, regardless of their insurance status, in addition to breast health education. Ecmc foundation's summer youth healthcare internship program is another example of how funds raised by ecmc foundation have contributed to improving health care education for young citizens. The internship allows high school students to explore careers in medical fields and the health sciences while receiving mentoring by healthcare professionals in a hospital setting. Each year the summer youth program has 120 youth participants. Ecmc foundation's funds have also contributed to advancements that have been made in hospital staff training programs and employee education seminars. Ecmc foundation periodically provides financial and adminstrative support for capital improvements at ecmc, including innovations in technology, medical equipment, and safety for hospital patients and employees. Ecmc foundation's ability to administer donor requests and/or hospital needs has helped ecmc become one of the leading public hospitals in the city of buffalo and western New York community.

Operating model

Revenue model
Donor-supported. 92% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 80% of its reported program spending out as grants.
  • 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 fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 55
  • Transparency & Controls: 83
  • Accountability: 82
  • Sustainability: 63
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 56.6%; rating input score 57
  • Program expense ratio: 63%; rating input score 63
  • Fundraising efficiency: $6.44 raised per $1 spent on fundraising; rating input score 24; 24th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 3 of 6 controls in place; rating input score 50
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Pass
    • 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; 72nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 85.2%; rating input score 85; 17th 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: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Fail
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 14.6%; rating input score 70; 70th percentile among comparable filings
  • Total-asset coverage ratio: 4.07; rating input score 80; 80th percentile among comparable filings
  • Liabilities to assets ratio: 0.2; rating input score 44; 44th percentile among comparable filings
  • Officer compensation ratio: 20.2%; rating input score 12; 12th percentile among comparable filings

Growth

  • Program expense growth: 2.8% per year; rating input score 100; 26th percentile among comparable filings
  • Revenue growth: 1.6% per year; rating input score 100; 18th percentile among comparable filings
  • Asset growth: 3.6% per year; rating input score 100; 27th percentile among comparable filings

Details

  • Where the money goes: 56.6% of revenue deployed · 63% of spending went to programs
  • Governance: 23 of 27 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $1.2M in reported program spending
  • Leadership: top reported pay $280K · 28 people listed · 3 of 6 pay-setting controls reported
  • Consistency: 28 of 28 current checks pass
  • Schedules: 9 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 10 filing years from 2013 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Related organizations: 3 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 — Financial Efficiency: Fundraising efficiency scored 24/100.
  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • High — Sustainability: Officer compensation ratio scored 12/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 44/100.