Lourdes Dialysis at Innova Inc

Nonprofit profile at a glance

EIN
263237625
IRS 990 coverage
2010–2012
Forms available
Form 990 2012
Location
Mt Laurel, NJ, USA
Phone
8567573776
Rating confidence
Limited
Sector
Kidney Disease
Affiliation
Christianity

Official website

Reported finances

Revenue
$6,878,092
Expenses
$2,220,473
Assets
$5,229,593
Liabilities
$1,746,936

Source: IRS Form 990. Selected filing: tax year 2012. Amounts in USD.

Leadership & pay

3 people listed

Source: IRS Form 990. Selected filing: tax year 2012. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Lourdes Dialysis at Innova is a member of the Our Lady of Lourdes Health Care Services health system. The mission of Lourdes Dialysis at Innova is to provide chronic kidney disease patients from southern New Jersey with exceptional quality, and dignified care in a comfortable, state-of-the-art facility. Our Lady of Lourdes Health Care Services is a member of Catholic Health East ("CHE").

What it reported doing in 2012

On September 1, 2012, the organization contributed its assets to a joint venture with an unrelated party. This joint venture interest was immediately transfered to a related entity. Prior to September 1, 2012, Lourdes Dialysis at Innova provided medically necessary health care services to the community in a non-discriminatory manner regardless of an individual's ability to pay and in support of Our Lady of Lourdes Healthcare Services, a related 501(c)(3) tax exempt organization. This organization's primary source of revenue was from dialysis patients. The organization was open to residents of nearby nursing homes as well as other local residents requiring outpatient dialysis. In an effort to provide patients with quality care in a comfortable manner, the new state-of-the-art facility can accommodated patients in beds and wheelchairs. Each of the 24-patient stations had a flat-screen television with cable and DVD capability, as well as wireless internet access.

Operating model

Revenue model
Earned-program. 99% of the money available for current operations came from fees and other program revenue.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 60
  • Accountability: 32
  • Sustainability: 80
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 60th 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: Scored; rating input score 0

Accountability

  • Independent voting board: 0%; rating input score 0; 3rd 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: 67.7%; rating input score 97; 97th percentile among comparable filings
  • Total-asset coverage ratio: 2.36; rating input score 71; 71st percentile among comparable filings
  • Liabilities to assets ratio: 0.33; rating input score 42; 42nd percentile among comparable filings
  • Officer compensation ratio: 2.6%; rating input score 69; 69th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 43% per year; rating input score 100; 95th percentile among comparable filings
  • Asset growth: 38.4% per year; rating input score 100; 94th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 0 of 2 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $2M in reported program spending
  • Leadership: top reported pay $742K · 3 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 19 of 19 current checks pass
  • Schedules: 6 filed schedules · includes executive pay and related organizations
  • Filing history: 3 filing years from 2010 to 2012
  • Related organizations: 192 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 — Accountability: Independent voting board scored 0/100.
  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • High — Transparency & Controls: Related-party transparency scored 0/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • Moderate — Sustainability: Liabilities to assets ratio scored 42/100.