Loudoun Healthcare Foundation

Nonprofit profile at a glance

EIN
542011240
IRS 990 coverage
2014–2019
Forms available
Form 990 2019
Location
Falls Church, VA, USA
Phone
7032892433
Rating
55
Verdict
MIXED
Rating confidence
Moderate
Sector
Single Organization Support

Reported finances

Revenue
$4,538,192
Expenses
$951,816
Assets
$0
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2019. Amounts in USD.

Leadership & pay

21 people listed

Executive titles in this filing

  • H PATRICK WALTERS (FORMER PRESIDENT)
  • DEBORAH ADDO (PRESIDENT ILH)
  • SAGE BOLTE (PRESIDENT, VP IHS FOUNDATION)

Highest reported compensation

  • RICHARD MAGENHEIMER (ASST TREASURER, ENDING 6-4-19): $2,517,437 total reported compensation
  • JOHN GAUL (ASST SECRETARY): $1,385,555 total reported compensation
  • H PATRICK WALTERS (FORMER PRESIDENT): $1,201,489 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2019. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Undertake and assist in the identification, cultivation, encouragement and solicitation of all types of gifts and the management of trust and endowment funds for the benefit of inova loudoun hospital

What it reported doing in 2019

Loudoun healthcare foundation [also doing business as inova loudoun hospital foundation (ilhf)], provides philanthropic support to inova loudoun hospital (ilh). Loudoun healthcare foundation is part of the inova health system whose mission is to provide world-class healthcare - every time, every touch - to each person in every community we have the privilege to serve. Inova loudoun hospital provides personalized, high quality acute care hospital services and appropriate hospital based services to meet the community healthcare needs for the residents of loudoun county, Virginia and neighboring communities.in keeping with inova's community service mission, inova and its affiliates provide a wide range of programs and services which directly benefit the community they serve. These include: providing the highest quality medical care to all members of the community, regardless of their financial resources.providing free and below cost health services to meet the identified needs of targeted community groups, such as the indigent and elderly; victims of cancer, heart disease, and stroke; persons affected by substance abuse; HIV-positive individuals; and others.providing uncompensated care in accordance with inova policies which ensure access to medically necessary care for all individuals. Charity care is defined as free or discounted healthcare services provided to persons who cannot afford to pay.providing health education and a variety of other services to the community.training health professionals.philanthropy is critical to inova's mission. A broad range of philanthropy helps inova stay on the forefront of medical advances, develop new programs to meet changing needs and provide affordable healthcare to all who need it. The loudoun healthcare foundation works with donors who support the purchase of equipment, improvements in patient care programs and education for nurses and clinical staff, as well as, providing funds for new facilities and capital improvements. The total amount of support provided to the community and hospital programs in 2019 was $608,754.

Operating model

Revenue model
Donor-supported. 98% 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

MIXED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence.

Rating breakdown

  • Financial Efficiency: 36
  • Transparency & Controls: 68
  • Accountability: 80
  • Sustainability: 46
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 19.2%; rating input score 19
  • Program expense ratio: 64%; rating input score 64
  • Fundraising efficiency: $10.05 raised per $1 spent on fundraising; rating input score 40; 40th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 92.9%; rating input score 93; 11th 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: 100%; rating input score 100; 71st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 82.4%; rating input score 82; 15th 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: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 79%; rating input score 98; 98th 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: 63.6%; rating input score 0; 0th percentile among comparable filings

Growth

  • Program expense growth: -19.7% per year; rating input score 0; 2nd percentile among comparable filings
  • Revenue growth: 16.5% per year; rating input score 100; 87th percentile among comparable filings
  • Asset growth: -0.8% per year; rating input score 0; 18th percentile among comparable filings

Details

  • Where the money goes: 19.2% of revenue deployed · 64% of spending went to programs
  • Governance: 14 of 17 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $609K in reported program spending
  • Leadership: top reported pay $2.5M · 21 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 21 of 22 current checks pass · 1 finding to review
  • Schedules: 8 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 6 filing years from 2014 to 2019
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 8 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 — Financial Efficiency: Mission deployment rate scored 19/100.
  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • Moderate — Financial Efficiency: Fundraising efficiency scored 40/100.
  • High — Growth: Program expense growth scored 0/100.
  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • High — Sustainability: Total-asset coverage ratio scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 0/100.
  • Moderate — Transparency & Controls: Schedule D land buildings reconciliation did not reconcile in the filed values.