Ellis Hospital Foundation Inc the Foundation for Ellis Medicine

Nonprofit profile at a glance

EIN
141638957
IRS 990 coverage
2015–2024
Forms available
Form 990 2024
Location
Schenectady, NY, USA
Phone
5182434600
Rating
73
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Single Organization Support

Official website

Reported finances

Revenue
$6,432,336
Expenses
$4,958,365
Assets
$25,948,791
Liabilities
$709,641

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

Leadership & pay

24 people listed

Executive titles in this filing

  • KAREN MANTAS (EXECUTIVE DIRECTOR)

Highest reported compensation

  • KAREN MANTAS (EXECUTIVE DIRECTOR): $243,233 total reported compensation

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

Overview

Mission

The foundation for ellis medicine ensures quality healthcare in our community by raising, investing and distributing funds that support the lifesaving work performed at ellis medicine. Through the charitable gifts of individuals, corporations and foundations, our organization helps advance ellis medicine's mission to serve the community.

What it reported doing in 2024

The foundation for ellis medicine accepts gifts from the community that support many needs of the hospital, including the purchase of state-of-the-art medical equipment and supplies; underwriting programs that service the community including the medically underserved; renovating and updating facilities; and providing continuing education and scholarships for our nurses, physicians and staff.the foundation invested significantly in several key areas of ellis hospital to advance its mission, with the greatest impacts in oncology, cardiac and mental health services. Cardiac services remain a vital program at ellis medicine, with philanthropic investments totaling $1,044,343 in 2024. Upgrades to electrophysiology (ep) and cardiac cath technology positioned ellis at the forefront of procedures such as pulse field ablation, cardiogenic shock management and conduction system pacing. These investments supported growth across diagnostics, interventions and ep services, meeting the needs of an aging community. Mental health services received $812,960 in philanthropic investments, underwriting salaries and program costs for the living room and family room crisis diversion programs for adults and youth. Since 2018, the living room has maintained a 98% emergency department (ed) diversion rate, serving more than 5,500 guests, connecting more then 2,400 to long-term services and saving ny state and schenectady county over $9.1 million. The family room, opened in march 2024, has achieved a 94% diversion rate, served more than 400 guests, connected more than 150 to ongoing care and generated nearly $1 million in estimated savings. These programs address key social determinants of health, reduce unnecessary ed use and provide lasting mental health support for the community. Oncology services were strengthened through $434,100 in equipment and technology enhancements, including advanced radiation therapy systems with real-time patient tracking cameras for precise targeting, minimizing damage to healthy tissue. Additional investments included new breast boards and a speciman viewer to further support quality patient care.

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 100% 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: 51
  • Transparency & Controls: 81
  • Accountability: 95
  • Sustainability: 77
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 53.7%; rating input score 54
  • Program expense ratio: 60.2%; rating input score 60
  • Fundraising efficiency: $3.84 raised per $1 spent on fundraising; rating input score 12; 12th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 94.4%; rating input score 94; 24th percentile among comparable filings
  • Pay-setting controls: 3 of 6 controls in place; rating input score 50
    • Compensation committee: Pass
    • Independent consultant: Missing
    • 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; 72nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 91.3%; rating input score 91; 22nd percentile among comparable filings
  • Governance controls: 8 of 8 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: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 22.9%; rating input score 79; 79th percentile among comparable filings
  • Total-asset coverage ratio: 5.23; rating input score 84; 84th percentile among comparable filings
  • Liabilities to assets ratio: 0.03; rating input score 77; 77th percentile among comparable filings
  • Officer compensation ratio: 4.9%; rating input score 54; 54th percentile among comparable filings

Growth

  • Program expense growth: 0.4% per year; rating input score 100; 15th percentile among comparable filings
  • Revenue growth: 6.7% per year; rating input score 100; 52nd percentile among comparable filings
  • Asset growth: 5.4% per year; rating input score 100; 37th percentile among comparable filings

Details

  • Where the money goes: 53.7% of revenue deployed · 60.2% of spending went to programs
  • Governance: 21 of 23 board members independent · 8 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $3M in reported program spending
  • Leadership: top reported pay $243K · 24 people listed · 3 of 6 pay-setting controls reported
  • Consistency: 34 of 35 current checks pass · 1 finding to review
  • Schedules: 9 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 9 filing years from 2015 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Related organizations: 2 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 54/100.
  • High — Financial Efficiency: Fundraising efficiency scored 12/100.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • Review — Sustainability: Officer compensation ratio scored 54/100.