Kentucky Easter Seal Society Inc Cardinal Hill Rehabilitation Hospital

Nonprofit profile at a glance

EIN
610445826
IRS 990 coverage
2014–2014
Forms available
Form 990 2014
Location
Lexington, KY, USA
Phone
8592545701
Rating
76
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Rehabilitative Medical Services

Official website

Reported finances

Revenue
$44,353,526
Expenses
$41,425,953
Assets
$0
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2014. Amounts in USD.

Leadership & pay

21 people listed

Executive titles in this filing

  • GARY PAYNE (CEO)

Highest reported compensation

  • GARY PAYNE (CEO): $405,330 total reported compensation
  • MARTIN LAUTNER (CFO): $198,429 total reported compensation
  • MAUREEN COUTURE (VP NURSING SERVICES UNTIL 01/16/15): $155,430 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2014. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Cardinal hill began as a hospital for children with polio in 1950 with a mission to become one of the premier post acute providers of physical rehabilitation services. In accordance with this goal, the hospital provides treatment of spinal cord injury, brain injury, stroke, orthopedic and neurological conditions, amputation and other disabling or traumatic conditions. Cardinal hill provides physical rehabilitation for people needing inpatient, outpatient and home health care services. Cardinal hill also provides pediatric services for children from birth through adulthood by offering child care services, and therapy for any disabling and/or traumatic condition.

What it reported doing in 2014

Cardinal hill began as a hospital for children with polio in 1950. Since that time, it has evolved into one of the premier post acute providers of physical rehabilitation services with 158 acute beds and 74 licensed skilled beds. Today, the hospital specializes in the treatment of spinal cord injury, brain injury, stroke, orthopedic and neurological conditions, amputation and other disabling or traumatic conditions. Cardinal hill serves more than 9,000 children and adults annually from all over Kentucky and nationwide. Cardinal hill provides physical rehabilitation for people needing inpatient, outpatient and home health care services. Cardinal hill also provides pediatric services for children from birth through adulthood by offering preschool and child care services, and therapy for any disabling and/or traumatic condition.the cardinal hill healthcare system is a 501(c)3 organization governed by the Kentucky easter seal society, inc., an affiliate of national easter seals society. Services include inpatient hospital care for physical rehabilitation needs and medically complex clients. In addition to the three inpatient programs, outpatient therapy, preschool, childcare, adult day health, and recreational programs are also available. The healthcare system is one of the commonwealth's largest providers of physical rehabilitation services, with corporate headquarters located in lexington, ky.

Operating model

Revenue model
Earned-program. 95% 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.
  • 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. Fundraising costs are high for each dollar raised and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 75
  • Transparency & Controls: 79
  • Accountability: 100
  • Sustainability: 36
  • Growth: NotEnoughData

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 78.1%; rating input score 78
  • Program expense ratio: 82.3%; rating input score 82
  • Fundraising efficiency: $7.17 raised per $1 spent on fundraising; rating input score 37; 37th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 3 of 6 controls in place; rating input score 50
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 69th 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: 6.6%; rating input score 65; 65th 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: 3.9%; rating input score 48; 48th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: Limited
  • Asset growth: Limited

Details

  • Where the money goes: 78.1% of revenue deployed · 82.3% of spending went to programs
  • Governance: 11 of 11 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $34.1M in reported program spending
  • Leadership: top reported pay $405K · 21 people listed · 3 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $3.2M reported
  • Consistency: 30 of 30 current checks pass
  • Schedules: 12 filed schedules · includes major donors and executive pay
  • Contacts: How to reach this organization
  • Money network: 10 filed money-flow records
  • Related organizations: 1 filed related-organization link
  • 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.

  • Moderate — Financial Efficiency: Fundraising efficiency scored 37/100.
  • High — Sustainability: Total-asset coverage ratio scored 0/100.
  • Moderate — Sustainability: Officer compensation ratio scored 48/100.