Institute of Physical Medicine and Rehabilitation

Nonprofit profile at a glance

EIN
370681567
IRS 990 coverage
2013–2016
Forms available
Form 990 2016
Location
Peoria, IL, USA
Phone
3093086316
Rating
57
Verdict
MIXED
Rating confidence
Moderate
Sector
Rehabilitative Medical Services

Official website

Reported finances

Revenue
$705,994
Expenses
$1,069,865
Assets
$0
Liabilities
$0

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

Leadership & pay

9 people listed

Executive titles in this filing

  • KEVIN D SCHOEPLEIN (VICE CHAIRPERSON, CEO)
  • SISTER DIANE MARIE MCGREW OSF (PRESIDENT/TREASURER)

Highest reported compensation

  • KEVIN D SCHOEPLEIN (VICE CHAIRPERSON, CEO): $1,922,343 total reported compensation
  • GERALD J MCSHANE (BOARD MEMBER): $844,188 total reported compensation
  • BRIAN J SILVERSTEIN MD (BOARD MEMBER): $45,000 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 encourage and assist integration and coordination of the various phases of physical medicine and rehabilitation, to conduct research, to operate a rehabilitation center, and to do all things necessary and proper to effectuate the foregoing.

What it reported doing in 2016

The institute provides comprehensive physical medicine and rehabilitation services to patients at multiple outpatient sites throughout central Illinois, exceeding 80,000 patient visits annually. Ninety-eight percent of all applications for financial assistance were approved. In addition, over 1,800 client service days were provided to individuals suffering from dementia and related conditions participating in the institutes adult day care program, senior world (a low cost alternative to a nursing home placement). More than 1,200 individuals participated in the institute's educational programs, screenings, or services of fall prevention, caregiver education, driving evaluation, weight management, lymphedema treatment, physical fitness (seniors & parkinson's patients) and injury prevention. The organization provided approximately $1,000 in charity care, which includes the cost forgone for services and supplies furnished under its charity care policy.approximately 280 hours of clinical/student affiliation experience and education was provided to students pursuing careers in health care.financial subsidy exceeding one million dollars was provided to federal and state funded programs, such as, medicare and medicaid patients.star program: the survivorship training and rehabilitation program was started in 2013. This program is designed to help with the physical and emotional problems that occur as a result of cancer and cancer treatment.

Operating model

Revenue model
Earned-program. 100% of the money available for current operations came from fees and other program revenue.
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

MIXED - A large share of available resources goes toward mission work and most voting board members are independent. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 63
  • Transparency & Controls: 56
  • Accountability: 72
  • Sustainability: 6
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 81.3%; rating input score 81
  • Program expense ratio: 53.6%; rating input score 54
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 92.9%; rating input score 93; 15th 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: Limited
  • Related-party transparency: No; rating input score 0

Accountability

  • Independent voting board: 66.7%; rating input score 67; 12th 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: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -51.5%; rating input score 2; 2nd percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 0; 0th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 8.7%; rating input score 41; 41st percentile among comparable filings

Growth

  • Program expense growth: -39.5% per year; rating input score 0; 2nd percentile among comparable filings
  • Revenue growth: -42.2% per year; rating input score 0; 1st percentile among comparable filings
  • Asset growth: -50.2% per year; rating input score 0; 1st percentile among comparable filings

Details

  • Where the money goes: 81.3% of revenue deployed · 53.6% of spending went to programs
  • Governance: 6 of 9 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $574K in reported program spending
  • Leadership: top reported pay $1.9M · 9 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 23 of 24 current checks pass · 1 finding to review
  • Schedules: 5 filed schedules · includes executive pay
  • Filing history: 4 filing years from 2013 to 2016
  • Contacts: How to reach this organization
  • Related organizations: 29 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.
  • Review — Financial Efficiency: Program expense ratio scored 54/100.
  • High — Sustainability: Operating margin scored 2/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Transparency & Controls: Related-party transparency scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 0/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • High — Growth: Asset growth scored 0/100.
  • Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
  • Moderate — Sustainability: Officer compensation ratio scored 41/100.