Henry Ford Health Rochester Foundation
Nonprofit profile at a glance
- EIN
- 382627336
- IRS 990 coverage
- 2012–2024
- Forms available
- Form 990 2024
- Location
- Detroit, MI, USA
- Phone
- 3138768714
- Rating
- 50
- Verdict
- MIXED
- Rating confidence
- Standard
- Sector
- Single Organization Support
Reported finances
- Revenue
- $2,958,094
- Expenses
- $372,007
- Assets
- $55,886,929
- Liabilities
- $584,544
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
18 people listed
Executive titles in this filing
- ROBERT G RINEY (PRESIDENT/CEO (START 10/2024))
- CAROL L SCHMIDT (EX-OFFICIO/PRESIDENT & CEO (END 9/2024))
Highest reported compensation
- ROBERT G RINEY (PRESIDENT/CEO (START 10/2024)): $7,081,174 total reported compensation
- ROBIN S DAMSCHRODER (TREASURER/CFO (START 10/2024)): $3,410,191 total reported compensation
- CAROL L SCHMIDT (EX-OFFICIO/PRESIDENT & CEO (END 9/2024)): $2,826,319 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
As one of the nation's leading integrated health systems, it is the mission of henry ford health system, a related entity of the filing organization, to improve people's lives through the excellence of the science and art of health care and healing.
What it reported doing in 2024
Henry ford health rochester foundation supports the capital needs and various initiatives of henry ford health rochester hospital. Health programs, community projects and cutting edge technology are possible because of charitable contributions to henry ford health rochester foundation.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Grant intermediary. The nonprofit sent 91% of its reported program spending out as grants.
- Includes noncash contributions: Reported contributions include donated property or goods.
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: 24
- Transparency & Controls: 65
- Accountability: 70
- Sustainability: 85
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 12.6%; rating input score 13
- Program expense ratio: 42.2%; rating input score 42
- Fundraising efficiency: $6.45 raised per $1 spent on fundraising; rating input score 24; 24th percentile among comparable filings
Transparency & Controls
- Consistency checks: 93.3%; rating input score 93; 17th 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: 58.7%; rating input score 59; 17th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 63.6%; rating input score 64; 10th 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: 87.4%; rating input score 98; 98th percentile among comparable filings
- Total-asset coverage ratio: 150.23; rating input score 99; 99th percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 85; 85th percentile among comparable filings
- Officer compensation ratio: 75.9%; rating input score 0; 0th percentile among comparable filings
Growth
- Program expense growth: 21.8% per year; rating input score 100; 87th percentile among comparable filings
- Revenue growth: -2.7% per year; rating input score 0; 6th percentile among comparable filings
- Asset growth: 4.1% per year; rating input score 100; 30th percentile among comparable filings
Details
- Where the money goes: 12.6% of revenue deployed · 42.2% of spending went to programs
- Governance: 7 of 11 board members independent · 7 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $157K in reported program spending
- Leadership: top reported pay $7.1M · 18 people listed · 0 of 6 pay-setting controls reported
- Consistency: 18 of 19 current checks pass · 1 finding to review
- Schedules: 8 filed schedules · includes major donors, grants, executive pay, and related organizations
- Filing history: 13 filing years from 2012 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: 409 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 13/100.
- Moderate — Financial Efficiency: Program expense ratio scored 42/100.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- High — Financial Efficiency: Fundraising efficiency scored 24/100.
- Review — Transparency & Controls: Grant itemization coverage scored 59/100.
- High — Growth: Revenue growth scored 0/100.
- Review — Accountability: Governance controls: 2 of 9 not reported.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- High — Sustainability: Officer compensation ratio scored 0/100.