Foundation Health Services Inc

Nonprofit profile at a glance

EIN
204895697
IRS 990 coverage
2009–2009
Forms available
Form 990 2009
Location
Miami, FL, USA
Phone
3053555544
Rating confidence
Limited
Sector
Single Organization Support

Official website

Reported finances

Revenue
$9,402,405
Expenses
$7,374,279
Assets
$6,106,833
Liabilities
$856,673

Source: IRS Form 990. Selected filing: tax year 2009. Amounts in USD.

Leadership & pay

9 people listed

Source: IRS Form 990. Selected filing: tax year 2009. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The organization operates exclusively for the benefit of and to carry out the purposes of jackson memorial foundation, inc. A code section 509(a)(1)- 170(b)(1)(a)(vi)organization and jackson memorial hospital(see sched "o") a code section 170(b)(1)(a)(iii) organization by operating non-clinical programs on behalf of jackson memorial hospital, the only public hospital in miami-dade county, Florida.

What it reported doing in 2009

Jackson memorial hospital international (jmhi): this non-clinical program cultivates, develops, manages, and markets the services of jackson memorial hospital(jmh) to the international market place for the purpose of generating additional revenues to jmh and in pursuit of its mission. During this fiscal year the program generated a total of 2,691 patient encounters and gross revenues of 98 million for jackson memorial hospital.

Operating model

Revenue model
Grant-funded. 100% of the money available for current operations came from government grants.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 61
  • Accountability: 91
  • Sustainability: 66
  • Growth: NotEnoughData

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 59th percentile among comparable filings
  • Pay-setting controls: 5 of 6 controls in place; rating input score 83
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Pass
    • Written employment contract: Pass
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Scored; rating input score 0
  • Grant itemization coverage: Scored; rating input score 0
  • 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: 7 of 9 controls in place; rating input score 78
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • 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: 21.6%; rating input score 90; 90th percentile among comparable filings
  • Total-asset coverage ratio: 0.83; rating input score 42; 42nd percentile among comparable filings
  • Liabilities to assets ratio: 0.14; rating input score 70; 70th percentile among comparable filings
  • Officer compensation ratio: 7.5%; rating input score 28; 28th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: Limited
  • Asset growth: Limited

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 6 of 6 board members independent · 7 of 9 filing controls reported
  • Programs: 2 filed program accomplishments · $5.7M in reported program spending
  • Leadership: top reported pay $363K · 9 people listed · 5 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed
  • Consistency: 28 of 28 current checks pass
  • Schedules: 7 filed schedules · includes major donors, foreign activity, and executive pay
  • 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: Foreign activity oversight scored 0/100.
  • High — Transparency & Controls: Grant itemization coverage scored 0/100.
  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • Moderate — Sustainability: Total-asset coverage ratio scored 42/100.
  • High — Sustainability: Officer compensation ratio scored 28/100.