Friends of Santa Rosa Foundation

What it reported doing in 2024

Friends of santa rosa foundation (the "foundation") is a Texas non-profit organization serving the philanthropic needs of christus santa rosa health care corporation (the "health system"). It is the foundation's responsibility to encourage and receive contributions from individuals, corporations, associations, and foundations. These contributions are distributed to the health system and its non-profit hospitals, in accordance with the intentions of the donors and within the confines of the foundation's goals and objectives. All contributions assist the health system in providing continuing high quality health care in areas such as modernization and construction of hospital facilities, acquisition of hospital equipment, and other special health care needs of the health system. The foundation's sole corporate member is christus santa rosa health care corporation. Christus santa rosa health care corporation's sole corporate member is christus health. Christus santa rosa health care corporation responds to health care needs through services provided at christus santa rosa hospital, a 601-bed integrated health system, christus santa rosa children's hospital, a 276-bed specialized pediatric facility serving children from a 90-county area, and christus santa rosa hospital-new braunfels, a 112-bed hospital facility. Each of the facilities of christus santa rosa shares one objective - which is to lead the way to a healthier community. Christus santa rosa health care corporation is part of christus health, which was formed in 1999 to strengthen the 153-year-old, faith-based health care ministries of the congregations of the sisters of charity of the incarnate word of houston and san antonio. Founded on the mission "to extend the healing ministry of jesus christ," christus is challenged to reach out to, and beyond, more than 60 communities we serve to help those in need. Christus health responds to health care needs through services provided at more than 60 hospitals and long-term care facilities, as well as dozens of health care clinics, physicians' offices, outpatient services, and community-based programs in Texas, Louisiana, Arkansas, New Mexico, mexico, chile, and colombia. Although programs may differ from facility to facility, each of our health care entities has the same objective - which is to lead the way to a healthier community.

Financial Efficiency

• Mission deployment rate: 37.1%; rating input score 37
• Program expense ratio: 66.5%; rating input score 67
• Fundraising efficiency: $7.63 raised per $1 spent on fundraising; rating input score 29; 29th 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: Yes; rating input score 100

Accountability

• Independent voting board: 76.5%; rating input score 76; 13th 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: 68.9%; rating input score 96; 96th percentile among comparable filings
• Total-asset coverage ratio: 29.33; rating input score 98; 98th percentile among comparable filings
• Liabilities to assets ratio: 0.01; rating input score 83; 83rd percentile among comparable filings
• Officer compensation ratio: 33.8%; rating input score 4; 4th percentile among comparable filings

Growth

• Program expense growth: 7.2% per year; rating input score 100; 51st percentile among comparable filings
• Revenue growth: 6.9% per year; rating input score 100; 54th percentile among comparable filings
• Asset growth: 6.5% per year; rating input score 100; 42nd percentile among comparable filings