Eskenazi Health Foundation Inc

Nonprofit profile at a glance

EIN
311132066
IRS 990 coverage
2010–2024
Forms available
Form 990 2024, Form 990-T 2024
Location
Indianapolis, IN, USA
Phone
3178804900
Rating
76
Verdict
SUPPORTED
Rating confidence
Standard
Sector
Management & Technical Assistance

Reported finances

Revenue
$22,505,915
Expenses
$9,787,102
Assets
$139,753,753
Liabilities
$1,129,526

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

Leadership & pay

36 people listed

Executive titles in this filing

  • Ernest Vargo II (President and CEO)
  • Angela White (Executive vice president (beg aug 2024))
  • Michael Eikenberry (Vice President, Major Gifts)

Highest reported compensation

  • Ernest Vargo II (President and CEO): $555,108 total reported compensation
  • Julie Rowlas (COO): $286,931 total reported compensation
  • Michael Eikenberry (Vice President, Major Gifts): $219,176 total reported compensation

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

Overview

Mission

Eskenazi Health Foundation inspires, energizes and promotes a vital, healthy Indianapolis community by providing strategic guidance and philanthropic resources to Eskenazi Health.

What it reported doing in 2024

The foundation is responsible for the ongoing fundraising efforts that benefit health and hospital corporation of marion county, inc., which operates eskenazi health. As such, the most significant program of the foundation is the distribution of funds for programs that support eskenazi health. Such programs include prescription for hope (a program aimed at reducing the threat of repeated violent personal injury and helping families who have experienced violence-related injuries make life changing and life saving choices) and the gregory s. Fehribach center (an internship program aimed at providing career opportunities for students with physical diabilites). Additionally, the foundation concluded their beyond barriers campaign at the end of 2024 to support eskenazi health's efforts on social drivers of health.

Operating model

Revenue model
Donor-supported. 74% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 97% 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: 47
  • Transparency & Controls: 92
  • Accountability: 100
  • Sustainability: 93
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 37.8%; rating input score 38
  • Program expense ratio: 63.6%; rating input score 64
  • Fundraising efficiency: $9.49 raised per $1 spent on fundraising; rating input score 37; 37th percentile among comparable filings

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: 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: 100%; rating input score 100; 66th 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: 56.5%; rating input score 95; 95th percentile among comparable filings
  • Total-asset coverage ratio: 14.28; rating input score 94; 94th percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 93; 93rd percentile among comparable filings
  • Officer compensation ratio: 1.4%; rating input score 82; 82nd percentile among comparable filings

Growth

  • Program expense growth: 1.6% per year; rating input score 100; 17th percentile among comparable filings
  • Revenue growth: 5.9% per year; rating input score 100; 51st percentile among comparable filings
  • Asset growth: 5.9% per year; rating input score 100; 41st percentile among comparable filings

Details

  • Where the money goes: 37.8% of revenue deployed · 63.6% of spending went to programs
  • Governance: 29 of 29 board members independent · 9 of 9 filing controls reported
  • Programs: 2 filed program accomplishments · $6.2M in reported program spending
  • Leadership: top reported pay $555K · 36 people listed · 4 of 6 pay-setting controls reported
  • Highest-paid contractors: 1 contractor listed · $309K reported
  • Consistency: 34 of 34 current checks pass
  • Schedules: 8 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 13 filing years from 2010 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.

  • Moderate — Financial Efficiency: Mission deployment rate scored 38/100.
  • Moderate — Financial Efficiency: Fundraising efficiency scored 37/100.