Heart Surgeons of Kansas City Inc

Nonprofit profile at a glance

EIN
264663332
IRS 990 coverage
2022–2023
Forms available
Form 990 2023
Location
Kansas City, MO, USA
Phone
8169313312
Rating
65
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Community Health Systems

Official website

Reported finances

Revenue
$18,333,096
Expenses
$18,302,649
Assets
$2,001,151
Liabilities
$1,079,785

Source: IRS Form 990. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

11 people listed

Source: IRS Form 990. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Heart Surgeons of Kansas City, Inc. was formed for the purpose of providing heart and vascular surgery to patients and related medical services through its employed surgeons.

What it reported doing in 2023

HSKC was formed for the purpose of providing heart and vascular surgery to patients. Heart Surgeons of Kansas City, Inc. (HSKC), serves as an extension of Saint Luke's Hospital of Kansas City. HSKC and Saint Luke's Hospital of Kansas City are both integral parts of a large healthcare system serving the greater Kansas City area, of which Saint Luke's Health System, Inc. serves as the parent organization. HSKC transplant volumes in the past decade rank among the top 15 heart transplant programs in the nation AND OUR OUTCOMES CONSISTENTLY SURPASS NATIONAL BENCHMARKS. HSKC PERFORMS MINIMALLY INVASIVE AND ROBOTIC ASSISTED SURGERIES, PARTICIPATES IN MEDICAL RESEARCH AND FEATURES THE REGION'S LONGEST CONTINUOUSLY ACTIVE ADULT HEART TRANSPLANT PROGRAM. HSKC HAS A FINANCIAL ASSISTANCE POLICY THAT COVERS PATIENTS WITHOUT ADEQUATE MEANS TO PAY FOR CARE. HSKC ALSO BENEFITS THE COMMUNITY AS A PROVIDER UNDER MEDICARE AND MEDICAID.

Operating model

Revenue model
Affiliate-supported. 61% of the money available for current operations came from contributions from related organizations.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of voting board members are independent and few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence.

Rating breakdown

  • Financial Efficiency: 84
  • Transparency & Controls: 65
  • Accountability: 32
  • Sustainability: 21
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 93.9%; rating input score 94
  • Program expense ratio: 94%; rating input score 94
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd 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: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 0%; rating input score 0; 3rd percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 0.2%; rating input score 36; 36th percentile among comparable filings
  • Total-asset coverage ratio: 0.11; rating input score 2; 2nd percentile among comparable filings
  • Liabilities to assets ratio: 0.54; rating input score 27; 27th percentile among comparable filings
  • Officer compensation ratio: 47.9%; rating input score 0; 0th percentile among comparable filings

Growth

  • Program expense growth: 1.6% per year; rating input score 100; 20th percentile among comparable filings
  • Revenue growth: 2.7% per year; rating input score 100; 25th percentile among comparable filings
  • Asset growth: -0.1% per year; rating input score 0; 10th percentile among comparable filings

Details

  • Where the money goes: 93.9% of revenue deployed · 94% of spending went to programs
  • Governance: 0 of 6 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $17.2M in reported program spending
  • Leadership: top reported pay $1.4M · 11 people listed · 0 of 6 pay-setting controls reported
  • Highest-paid contractors: 2 contractors listed · $258K reported
  • Consistency: 29 of 29 current checks pass
  • Schedules: 7 filed schedules · includes major donors and executive pay
  • Filing history: 2 filing years from 2022 to 2023
  • Contacts: How to reach this organization
  • Money network: 7 filed money-flow records
  • Related organizations: 31 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 — Accountability: Independent voting board scored 0/100.
  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • Moderate — Sustainability: Operating margin scored 36/100.
  • High — Sustainability: Total-asset coverage ratio scored 2/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 27/100.