Healtheast Foundation

Nonprofit profile at a glance

EIN
411602044
IRS 990 coverage
2009–2017
Forms available
Form 990 2017
Location
St Paul, MN, USA
Phone
6512324990
Rating
75
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Single Organization Support

Official website

Reported finances

Revenue
$4,124,739
Expenses
$5,851,609
Assets
$0
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2017. Amounts in USD.

Leadership & pay

19 people listed

Executive titles in this filing

  • JOHN SWANHOLM (PRESIDENT)

Highest reported compensation

  • JOHN SWANHOLM (PRESIDENT): $338,942 total reported compensation
  • TRAN DIANE M (SYS DIR NGH): $156,452 total reported compensation
  • JOAN PENNINGTON (SYS DIR COMM): $155,948 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2017. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

We are called to improve the health of our neighbors.

What it reported doing in 2017

Healtheast foundation provides grants to healtheast care system and its affiliated organizations for a variety of areas. Healtheast foundation made a financial impact to the following patient care programs impacted during the fiscal year: provided support for hospice patients and their families, including spiritual care, bereavement services, and volunteer services; pillars hospice house received funds to assist with the maintenance of the campus and for financial assistance for room and board to patients who qualify; provided support for the reach out and read program in all healtheast clinics; karen chemical dependency collaborative received funds; provided support for therapeutic recreation for rehabilitation patients at bethesda hospital; support was provided to various groups for stage 4 cancer patients; the capistrant parkinson's center received support so they could offer programs such as dance classes and exercise programs to patients as a result of foundation grants; funding was also provided to improve the health of our community through programs that address the social determinants of health (access to healthy food; mental health support; access to care). Healtheast foundation provided grants for furniture, equipment and renovation projects: healtheast st. Joseph's hospital received support for the mental health and addiction care units and was used to improve safety and provide a healing environment for patients; healtheast st. John's hospital received funds to update family waiting areas and radiation waiting areas; purchases of equipment for patient care included ceiling lifts, wheelchairs and a podiatry chair with funds provided by the foundation. Healtheast foundation also provided grants to provide educational opportunities for staff in nursing, bariatric care, heart care, cancer care, parkinson's, pharmacy, laboratory, and other patient care areas; research assistance was also provided for the use of a teaching kitchen as an intervention to prevent chronic disease. Healtheast foundation provided support for spiritual care for patients their families and employees by supporting the faith-based identity campaign for employees and supporting the faith community nursing network.

Operating model

Revenue model
Donor-supported. 93% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 82% of its reported program spending out as grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and the required major-donor schedule is missing or incomplete.

Rating breakdown

  • Financial Efficiency: 86
  • Transparency & Controls: 66
  • Accountability: 95
  • Sustainability: 2
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 81.3%; rating input score 81
  • Fundraising efficiency: $6.28 raised per $1 spent on fundraising; rating input score 27; 27th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd 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: 100%; rating input score 100; 71st percentile among comparable filings
  • Major donor itemization: No; rating input score 0
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 92.3%; rating input score 92; 23rd 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: -41.9%; rating input score 2; 2nd percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 0; 0th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 16.2%; rating input score 13; 13th percentile among comparable filings

Growth

  • Program expense growth: 9.4% per year; rating input score 100; 69th percentile among comparable filings
  • Revenue growth: -1.9% per year; rating input score 0; 14th percentile among comparable filings
  • Asset growth: -6.6% per year; rating input score 0; 7th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 81.3% of spending went to programs
  • Governance: 12 of 13 board members independent · 8 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $4.8M in reported program spending
  • Leadership: top reported pay $339K · 19 people listed · 1 of 6 pay-setting controls reported
  • Highest-paid contractors: 1 contractor listed · $1.3M reported
  • Consistency: 28 of 29 current checks pass · 1 finding to review
  • Schedules: 9 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 9 filing years from 2009 to 2017
  • Contacts: How to reach this organization
  • Money network: 10 filed money-flow records
  • 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: Fundraising efficiency scored 27/100.
  • High — Transparency & Controls: Major donor itemization scored 0/100.
  • High — Sustainability: Operating margin scored 2/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 13/100.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.