Indian River Hospital Foundation Inc

Nonprofit profile at a glance

EIN
590760215
IRS 990 coverage
2009–2016
Forms available
Form 990 2016
Location
Vero Beach, FL, USA
Phone
7722264960
Rating
79
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Single Organization Support

Official website

Reported finances

Revenue
$10,595,848
Expenses
$8,324,363
Assets
$41,251,783
Liabilities
$412,684

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

Leadership & pay

32 people listed

Executive titles in this filing

  • JANICE H DONLAN (PRESIDENT, FOUNDATION)

Highest reported compensation

  • JEFFREY L SUSI (DIRECTOR): $966,552 total reported compensation
  • JANICE H DONLAN (PRESIDENT, FOUNDATION): $278,484 total reported compensation
  • LIZBETH A BRUNER (DIRECTOR OF LEADERSHIP GIFT): $141,796 total reported compensation

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

Overview

Mission

To operate exclusively for the benefit of its sole member, indian river memorial hospital, which is an irc 501(c)(3) organization.

What it reported doing in 2016

Support of an affiliated indian river county section 501(c)(3) hospital. The foundation's primary mission is to generate contributions to supplement the capital requirements of the hospital.

Operating model

Revenue model
Donor-supported. 96% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 84% 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. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 78
  • Transparency & Controls: 71
  • Accountability: 96
  • Sustainability: 88
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 72.5%; rating input score 73
  • Program expense ratio: 89.5%; rating input score 89
  • Fundraising efficiency: $27.94 raised per $1 spent on fundraising; rating input score 68; 68th percentile among comparable filings

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: 99.9%; rating input score 100; 38th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 93.1%; rating input score 93; 29th 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: 21.4%; rating input score 89; 89th percentile among comparable filings
  • Total-asset coverage ratio: 4.96; rating input score 87; 87th percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 95; 95th percentile among comparable filings
  • Officer compensation ratio: 1.4%; rating input score 78; 78th percentile among comparable filings

Growth

  • Program expense growth: -7% per year; rating input score 0; 6th percentile among comparable filings
  • Revenue growth: 2.5% per year; rating input score 100; 36th percentile among comparable filings
  • Asset growth: 5.8% per year; rating input score 100; 57th percentile among comparable filings

Details

  • Where the money goes: 72.5% of revenue deployed · 89.5% of spending went to programs
  • Governance: 27 of 29 board members independent · 8 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $7.4M in reported program spending
  • Leadership: top reported pay $967K · 32 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 37 of 37 current checks pass
  • Schedules: 9 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 8 filing years from 2009 to 2016
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 5 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 — Transparency & Controls: Pay-setting controls scored 0/100.
  • High — Growth: Program expense growth scored 0/100.