Friends of the Fisher House of Southern Louisiana

Nonprofit profile at a glance

EIN
823380024
IRS 990 coverage
2019–2019
Forms available
Form 990 2019, Form 990-EZ 2018, Form 990-N 2018
Location
New Orleans, LA, USA
Phone
7604586161
Rating
55
Verdict
MIXED
Rating confidence
Moderate
Sector
Single Organization Support

Reported finances

Revenue
$503,320
Expenses
$22,043
Assets
$600,105
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2019. Amounts in USD.

Leadership & pay

11 people listed

Executive titles in this filing

  • BRIAN HENNESSY (PRESIDENT)
  • JEFFREY A BAUMGARTEN (VICE PRESIDENT)

People named in this filing

  • BRIAN HENNESSY (PRESIDENT)
  • JEFFREY A BAUMGARTEN (VICE PRESIDENT)
  • LOUIS BARTELS (TREASURER)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2019. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Dedicated to raising the funds needed to bring a fisher house to the deserving veterans and their families of southern Louisiana and to supporting the veterans and their families who will use the fisher house of southern Louisiana.

What it reported doing in 2019

Given the centralized nature of va or dod facilities, families of veterans undergoing treatment at a va or dod hospital are often unable to find affordable lodging close to the facility. Because of distance from home, supportive family and friends cannot be present during their loved ones treatment. The fisher house program seeks to address this burden. Fisher houses are built by the fisher house foundation of rockville, md and provide military families housing, free of charge, close to a loved one during hospitalization for an illness, disease, or injury. Currently there are 85 facilities located at major dod and va medical centers nationwide and in england and germany. New orleans is very fortunate to have a truly world (cont'd on sch o.) class hospital directly serving the approximately 140,000 veterans living in the hospital's southern Louisiana catchment basin. The fisher house of southern Louisiana, located on the campus of the va hospital, opened in november 2020 and will serve these veterans and their families by offering them 5840 room nights annually of free lodging while undergoing treatment at the va hospital.

Operating model

Revenue model
Donor-supported. 99% of the money available for current operations came from contributions and gifts.
Distribution model
No current program activity. The filing reports no program spending for the current year.

The verdict

MIXED - 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 a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 8
  • Transparency & Controls: 92
  • Accountability: 82
  • Sustainability: 96
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0%; rating input score 0
  • Program expense ratio: 0%; rating input score 0
  • Fundraising efficiency: $33.28 raised per $1 spent on fundraising; rating input score 72; 72nd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 4 of 7 controls in place; rating input score 57
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • 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: Fail

Sustainability

  • Operating margin: 95.6%; rating input score 99; 99th percentile among comparable filings
  • Total-asset coverage ratio: 27.22; rating input score 98; 98th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 94; 94th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 83; 83rd percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 119.9% per year; rating input score 100; 100th percentile among comparable filings
  • Asset growth: 133.9% per year; rating input score 100; 100th percentile among comparable filings

Details

  • Where the money goes: 0% of revenue deployed · 0% of spending went to programs
  • Governance: 11 of 11 board members independent · 4 of 7 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $0 · 11 people listed
  • Consistency: 16 of 16 current checks pass
  • Schedules: 5 filed schedules · includes major donors
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • 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 0/100.
  • High — Financial Efficiency: Program expense ratio scored 0/100.
  • Review — Accountability: Governance controls: 3 of 7 not reported.