Hospital Sisters of St Francis Foundation Inc

Nonprofit profile at a glance

EIN
371186514
IRS 990 coverage
2009–2024
Forms available
Form 990 2024
Location
Springfield, IL, USA
Phone
2175234747
Rating
80
Verdict
STRONG
Rating confidence
Moderate
Sector
Hospitals and Related Primary Medical Care Facilities

Official website

Reported finances

Revenue
$11,095,800
Expenses
$8,273,172
Assets
$96,484,733
Liabilities
$362,706

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

15 people listed

Executive titles in this filing

  • Rachelle Barina (President)
  • ERICA SMITH (Board Member / HSMO Executive Director-Operations)
  • DANIEL MCCORMACK (Former PRESIDENT/CEO)

Highest reported compensation

  • Michael Scialdone (Treasurer / HSHS SVP & CFO): $912,947 total reported compensation
  • AMY BULPITT (Secretary / HSHS SVP-Chief Legal Officer): $768,230 total reported compensation
  • Kimberly Hodgkinson (Former CFO/Foundation Treasurer): $728,157 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To seek, invite, welcome and involve all those who wish to share, by their gifts of time, talent and purpose, in the healing mission of the hospital sisters of the third order of st. Francis; and to provide financial support, through philanthropy, to the many healing endeavors of the hospital sisters of st. Francis.

What it reported doing in 2024

To aid persons who are unable to provide completely for themselves in obtaining health care services; supplement and enhance programs in health services with special deference to programs of hospitals sponsored by the hospital sisters of the third order of st. Francis, american province; and to provide financial assistance in developing, maintaining and improving various types of health services including education and research.

Operating model

Revenue model
Donor-supported. 68% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 65% of its reported program spending out as grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - The filed numbers largely add up and a large share of available resources goes toward mission work. Some filed totals do not add up and reported officer compensation is a large share of total spending, which may reflect staffing concentration.

Rating breakdown

  • Financial Efficiency: 69
  • Transparency & Controls: 93
  • Accountability: 77
  • Sustainability: 83
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 71.5%; rating input score 71
  • Program expense ratio: 90.3%; rating input score 90
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 93.8%; rating input score 94; 17th percentile among comparable filings
  • Pay-setting controls: 5 of 6 controls in place; rating input score 83
    • Compensation committee: Pass
    • Independent consultant: Pass
    • Other Form 990s reviewed: Pass
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 60%; rating input score 60; 10th percentile among comparable filings
  • Governance controls: 9 of 9 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: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 25.4%; rating input score 86; 86th percentile among comparable filings
  • Total-asset coverage ratio: 11.66; rating input score 92; 92nd percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 95; 95th percentile among comparable filings
  • Officer compensation ratio: 7.1%; rating input score 35; 35th percentile among comparable filings

Growth

  • Program expense growth: 2.4% per year; rating input score 100; 22nd percentile among comparable filings
  • Revenue growth: 0.1% per year; rating input score 100; 9th percentile among comparable filings
  • Asset growth: 1% per year; rating input score 100; 13th percentile among comparable filings

Details

  • Where the money goes: 71.5% of revenue deployed · 90.3% of spending went to programs
  • Governance: 6 of 10 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $7.5M in reported program spending
  • Leadership: top reported pay $913K · 15 people listed · 5 of 6 pay-setting controls reported
  • Consistency: 25 of 26 current checks pass · 1 finding to review
  • Schedules: 9 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 16 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 18 filed money-flow records
  • Related organizations: 49 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.

  • Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
  • Moderate — Sustainability: Officer compensation ratio scored 35/100.