Intermountain Healthcare Foundation Inc

Nonprofit profile at a glance

EIN
800225150
IRS 990 coverage
2010–2024
Forms available
Form 990 2024, Form 990-T 2024, Form 990-N 2009
Location
Salt Lake City, UT, USA
Phone
8014422000
Rating
75
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Fund Raising and/or Fund Distribution

Reported finances

Revenue
$88,811,140
Expenses
$66,576,183
Assets
$1,261,416,706
Liabilities
$709,099,540

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

Leadership & pay

15 people listed

Executive titles in this filing

  • DAVID L FLOOD (TRUSTEE / PRESIDENT)
  • JAMES MARTELLO (VICE PRESIDENT)

Highest reported compensation

  • ROBERT W ALLEN (TRUSTEE): $9,715,356 total reported compensation
  • CLAY L ASHDOWN (TRUSTEE (PARTIAL)): $3,169,418 total reported compensation
  • GREG J MATIS (SECRETARY): $2,707,381 total reported compensation

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

Overview

Mission

Provide strategic and fiduciary leadership for the philanthropic endeavors of ihc health services, inc.

What it reported doing in 2024

Intermountain healthcare foundation, inc. ("foundation") supports the healthcare activities of ihc health services, inc. ("health services") by enhancing and strengthening the relationship between the foundation and community leaders and by developing financial and charitable support.

Operating model

Revenue model
Donor-supported. 76% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 100% 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 the filing reports few safeguards for money sent abroad.

Rating breakdown

  • Financial Efficiency: 84
  • Transparency & Controls: 64
  • Accountability: 69
  • Sustainability: 74
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 85.4%; rating input score 85
  • Program expense ratio: 92.2%; rating input score 92
  • Fundraising efficiency: $17.92 raised per $1 spent on fundraising; rating input score 55; 55th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 68th 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: Scored; rating input score 0
  • Grant itemization coverage: 100%; rating input score 100; 77th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 70%; rating input score 70; 21st 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: 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: Fail
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 25%; rating input score 90; 90th percentile among comparable filings
  • Total-asset coverage ratio: 18.95; rating input score 96; 96th percentile among comparable filings
  • Liabilities to assets ratio: 0.56; rating input score 31; 31st percentile among comparable filings
  • Officer compensation ratio: 11.4%; rating input score 2; 2nd percentile among comparable filings

Growth

  • Program expense growth: 11.9% per year; rating input score 100; 81st percentile among comparable filings
  • Revenue growth: 12.4% per year; rating input score 100; 84th percentile among comparable filings
  • Asset growth: 16.7% per year; rating input score 100; 89th percentile among comparable filings

Details

  • Where the money goes: 85.4% of revenue deployed · 92.2% of spending went to programs
  • Governance: 7 of 10 board members independent · 6 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $61.4M in reported program spending
  • Leadership: top reported pay $9.7M · 15 people listed · 0 of 6 pay-setting controls reported
  • Highest-paid contractors: 1 contractor listed · $253K reported
  • Consistency: 35 of 35 current checks pass
  • Schedules: 10 filed schedules · includes major donors, foreign activity, grants, executive pay, and related organizations
  • Filing history: 13 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 7 filed money-flow records
  • Related organizations: 91 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 — Transparency & Controls: Foreign activity oversight scored 0/100.
  • Review — Accountability: Governance controls: 3 of 9 not reported.
  • Review — Financial Efficiency: Fundraising efficiency scored 55/100.
  • High — Sustainability: Officer compensation ratio scored 2/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 31/100.