Henry Ford Continuing Care Corporation

Nonprofit profile at a glance

EIN
382433285
IRS 990 coverage
2010–2016
Forms available
Form 990 2016
Location
Detroit, MI, USA
Phone
3138768704
Rating
31
Verdict
REVIEW
Rating confidence
Moderate
Sector
Nursing, Convalescent Facilities

Reported finances

Revenue
$53,049
Expenses
$0
Assets
$1,002,971
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2016. Amounts in USD.

Leadership & pay

4 people listed

Executive titles in this filing

  • JOHN J POLANSKI (TRUSTEE/CHAIR & PRESIDENT)

Highest reported compensation

  • JOHN J POLANSKI (TRUSTEE/CHAIR & PRESIDENT): $891,125 total reported compensation
  • DAVID B LEE (TRUSTEE/SECRETARY): $645,681 total reported compensation
  • EDITH L EISENMANN (ASSISTANT SECRETARY): $380,318 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2016. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Henry ford continuing care corporation (hfccc) is an affiliate of henry ford health system serving the southeast metropolitan detroit, Michigan communities. As an integrated component of one of the nation's leading comprehensive, integrated health systems, it is the mission of hfccc to improve human life through the excellence of the science and art of health care and healing. Hfccc is committed to providing health services and improving the quality of life of all of the citizens of the communities it serves regardless of their financial circumstances. The organization operated two residential facilities that provide nursing care to individual whose medical or physical conditions do not warrant inpatient hospital care, but otherwise prevent them from remaining in their homes.on december 31, 2014 the operating assets of the organization were sold, and consequently is in the process of winding down its activities.

What it reported doing in 2016

Hfccc operated two nursing homes (153 beds and 172 beds) and it's sole purpose is to provide residence and nursing care to individuals whose medical or physical conditions do not warrant inpatient hospital care, but otherwise prevent them from remaining in their homes. At the end of 2014, the organization sold its two nursing homes to an unrelated party.

Operating model

Revenue model
Other-operating. 100% of the money available for current operations came from other operating revenue.
Distribution model
No current program activity. The filing reports no program spending for the current year.

The verdict

REVIEW - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of voting board members are independent.

Rating breakdown

  • Financial Efficiency: 0
  • Transparency & Controls: 82
  • Accountability: 28
  • Sustainability: 8
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0%; rating input score 0
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 90.9%; rating input score 91; 15th percentile among comparable filings
  • Pay-setting controls: 4 of 6 controls in place; rating input score 67
    • Compensation committee: Pass
    • Independent consultant: Pass
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 0%; rating input score 0; 9th percentile among comparable filings
  • Governance controls: 6 of 9 controls in place; rating input score 67
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Fail
    • 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: Limited
  • Total-asset coverage ratio: Limited
  • Liabilities to assets ratio: 0; rating input score 72; 72nd percentile among comparable filings
  • Officer compensation ratio: Limited

Growth

  • Program expense growth: -79.3% per year; rating input score 0; 6th percentile among comparable filings
  • Revenue growth: -22.3% per year; rating input score 0; 23rd percentile among comparable filings
  • Asset growth: -31% per year; rating input score 0; 7th percentile among comparable filings

Details

  • Where the money goes: 0% of revenue deployed
  • Governance: 0 of 3 board members independent · 6 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · -$2K in reported program spending
  • Leadership: top reported pay $891K · 4 people listed · 4 of 6 pay-setting controls reported
  • Consistency: 11 of 12 current checks pass · 1 finding to review
  • Schedules: 5 filed schedules · includes executive pay
  • Filing history: 7 filing years from 2010 to 2016
  • Contacts: How to reach this organization
  • Related organizations: 28 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 — Financial Efficiency: Mission deployment rate scored 0/100.
  • High — Accountability: Independent voting board scored 0/100.
  • Review — Accountability: Governance controls: 3 of 9 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
  • High — Growth: Asset growth scored 0/100.