FHCSD Holdings Inc
Nonprofit profile at a glance
- EIN
- 883023359
- IRS 990 coverage
- 2022–2024
- Forms available
- Form 990 2024
- Location
- San Diego, CA, USA
- Phone
- 6195152300
- Rating
- 53
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Community Service Clubs
Reported finances
- Revenue
- $7,049,631
- Expenses
- $60,461
- Assets
- $201,487,226
- Liabilities
- $7,156
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- FRAN BUTLER-COHEN (PRESIDENT, CEO)
Highest reported compensation
- FRAN BUTLER-COHEN (PRESIDENT, CEO): $1,449,977 total reported compensation
- RICARDO ROMAN (TREASURER): $590,416 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 specific purpose of holding is to support the investment activities of the health center. The corporation is a nonprofit public benefit corporation and is not organized for the private gain of any person. It is organized under the nonprofit public benefit corporation law for charitable purposes. The corporation is organized and operated exclusively for charitable purposes within the meaning of section 501(c)(3) of the code.
What it reported doing in 2024
The specific purpose of holding is to support the investment activities of the health center.
Operating model
- Revenue model
- Investment-supported. 100% of the money available for current operations came from recurring investment income.
- Distribution model
- Direct operator. The filing allocates 100% 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.
The verdict
MIXED - The filed numbers largely add up and most filed governance safeguards are in place. A relatively small share of available resources goes toward mission work and a relatively small share of voting board members are independent.
Rating breakdown
- Financial Efficiency: 34
- Transparency & Controls: 66
- Accountability: 61
- Sustainability: 88
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 0.9%; rating input score 1
- Program expense ratio: 100%; rating input score 100
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 33.3%; rating input score 33; 7th 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: 99.1%; rating input score 100; 100th percentile among comparable filings
- Total-asset coverage ratio: 3,332.52; rating input score 100; 100th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 94; 94th percentile among comparable filings
- Officer compensation ratio: 159.5%; rating input score 0; 0th percentile among comparable filings
Growth
- Program expense growth: 115.9% per year; rating input score 100; 99th percentile among comparable filings
- Revenue growth: -133.6% per year; rating input score 0; 0th percentile among comparable filings
- Asset growth: 3.8% per year; rating input score 100; 28th percentile among comparable filings
Details
- Where the money goes: 0.9% of revenue deployed · 100% of spending went to programs
- Governance: 1 of 3 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $60K in reported program spending
- Leadership: top reported pay $1.4M · 3 people listed · 1 of 6 pay-setting controls reported
- Consistency: 14 of 14 current checks pass
- Schedules: 5 filed schedules · includes executive pay
- Filing history: 3 filing years from 2022 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: 1 filed related-organization link
- 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.
- High — Financial Efficiency: Mission deployment rate scored 1/100.
- Moderate — Accountability: Independent voting board scored 33/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Officer compensation ratio scored 0/100.