Kaleida Health Foundation

What it reported doing in 2024

See schedule othe organization is a not-for-profit charitable foundation supporting the following divisions under kaleida health, a related tax-exempt integrated healthcare delivery system: buffalo general medical center degraff memorial hospital millard fillmore suburban hospital gates vascular institute highpointe on Michigan the organization also supports the visiting nurses association of wny, an affiliate home health care agency.with support from its' board of directors and the many volunteers, the organization raises gifts in the form of cash, stocks, estate gifts, corporate gifts and grants from private foundations.by fostering charitable relationships and increasing philanthropy, the organization supports kaleida health in its' mission to advance the health of our community every day through exceptional care, education and research.the primary programs and activities of the organization include:1. Kaleida ball - an annual gala that is a premier fundraiser for kaleida health and its affiliates. The foundation solicits patrons and attendees in advance of the event as well as conduct overall activities during the event including dinner and entertainment. The event took place on march 2nd, 2024. The event raised a net income of $174,430. 2. Kaleida classic - an annual golf tournament to raise funds to support the foundation and kaleida health. The foundation solicits patrons and participants in advance of the tournament. The 2024 event was held on september 19th at wanakah country. The event raised a net income of $112,124.3. Tee off for tots golf tournament - an annual golf tournament to raise funds to support the children who live at the highpointe on Michigan pediatric pavilion. The foundation solicits patrons and participants in advance of the tournament as well as conduct overall activities during the event. On september 9, 2024 they were at the niagara falls country club, the event raised a net income of $39,610.a significant portion of the operating activity reflected by the organization occurs within the special purpose funds. In many cases the use of these funds is either permanently or temporarily restricted by the donor. See schedule d, part v for further detail regarding these funds.

Financial Efficiency

• Mission deployment rate: 60.6%; rating input score 61
• Program expense ratio: 66.6%; rating input score 67
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd 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: 100%; rating input score 100; 63rd 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: 53.7%; rating input score 93; 93rd percentile among comparable filings
• Total-asset coverage ratio: 12.12; rating input score 92; 92nd percentile among comparable filings
• Liabilities to assets ratio: 0.28; rating input score 36; 36th percentile among comparable filings
• Officer compensation ratio: 20.6%; rating input score 12; 12th percentile among comparable filings

Growth

• Program expense growth: -1.3% per year; rating input score 0; 10th percentile among comparable filings
• Revenue growth: -1.7% per year; rating input score 0; 7th percentile among comparable filings
• Asset growth: -3% per year; rating input score 0; 6th percentile among comparable filings