Finley Health Foundation Inc

Nonprofit profile at a glance

EIN
421286953
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Dubuque, IA, USA
Phone
5635821881
Rating
70
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Single Organization Support

Reported finances

Revenue
$2,035,373
Expenses
$1,435,286
Assets
$20,801,214
Liabilities
$265,518

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

Leadership & pay

16 people listed

Executive titles in this filing

  • JENNIFER HAVENS (BOARD MEMBER & PRESIDENT/CEO)

Highest reported compensation

  • JENNIFER HAVENS (BOARD MEMBER & PRESIDENT/CEO): $467,361 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 finley health foundation provides financial support to the finley hospital and the dubuque visiting nurse association via ongoing fundraising activities through the cultivation and solicitation of gifts from private individuals and families, area corporations, foundations and government entities that can be used to support operations, clinical programs and major capital projects.

What it reported doing in 2024

Grants, allocations, and program supportthe finley health foundation inc's purpose is to raise funds to maintain, develop, increase and extend the facilities and services of the finley hospital and dubuque visiting nurse association in dubuque Iowa, and to provide broader hospital, medical and educational service opportunities to its patients, students, staff, faculty and residents of the geographical area it serves. It supports the missions of finley tri-states health group, inc. And its subsidiaries by raising financial contributions and investing the proceeds.the grant, allocations and program support services may include:-contributions to the finley hospital and/or dubuque visiting nurse association for equipment purchases, to offset operating expenses and miscellaneous.-scholarships and/or lectureships awarded to individuals associated with the finley hospital (kritz and kearney nursing scholarships).-miscellaneous grants and contributions to organizations and/or individuals associated with the finley hospital (heinen funds).

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 57
  • Transparency & Controls: 71
  • Accountability: 96
  • Sustainability: 78
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 65.6%; rating input score 66
  • Program expense ratio: 58.9%; rating input score 59
  • Fundraising efficiency: $3.21 raised per $1 spent on fundraising; rating input score 9; 9th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • 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: 93.8%; rating input score 94; 24th 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: 29.5%; rating input score 84; 84th percentile among comparable filings
  • Total-asset coverage ratio: 14.49; rating input score 94; 94th percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 84; 84th percentile among comparable filings
  • Officer compensation ratio: 32.6%; rating input score 4; 4th percentile among comparable filings

Growth

  • Program expense growth: -0.1% per year; rating input score 0; 14th percentile among comparable filings
  • Revenue growth: 3.4% per year; rating input score 100; 30th percentile among comparable filings
  • Asset growth: 6.3% per year; rating input score 100; 41st percentile among comparable filings

Details

  • Where the money goes: 65.6% of revenue deployed · 58.9% of spending went to programs
  • Governance: 15 of 16 board members independent · 8 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $845K in reported program spending
  • Leadership: top reported pay $467K · 16 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 33 of 33 current checks pass
  • Schedules: 7 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 3 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.

  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • Review — Financial Efficiency: Program expense ratio scored 59/100.
  • High — Financial Efficiency: Fundraising efficiency scored 9/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 4/100.