Marin General Hospital Foundation

Nonprofit profile at a glance

EIN
946127213
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Greenbrae, CA, USA
Phone
4159257770
Rating
73
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Single Organization Support

Official website

Reported finances

Revenue
$24,047,363
Expenses
$10,062,631
Assets
$48,136,599
Liabilities
$240,955

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

Leadership & pay

24 people listed

Executive titles in this filing

  • DAVID KLEIN MD MBA (BOARD MEMBER / CEO OF MHMC)
  • ELIZABETH KOLCUN (BOARD MEMBER / PRESIDENT & CDO)

Highest reported compensation

  • DAVID KLEIN MD MBA (BOARD MEMBER / CEO OF MHMC): $2,125,068 total reported compensation
  • ERIC BRETTNER (CHIEF FINANCIAL OFFICER): $840,670 total reported compensation
  • ELIZABETH KOLCUN (BOARD MEMBER / PRESIDENT & CDO): $517,281 total reported compensation

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

Overview

Mission

To inspire philanthropy for the benefit of marinhealth.

What it reported doing in 2024

Throughout 2024 marinhealth foundation raised funds and transferred amounts to marinhealth medical center. Recent programs and services made possible with philanthropic support include: a new graduate nurse residency program; a marinhealth outpatient psychiatry clinic in novato; a new hybrid operating room in the oak pavilion; a new ct simulator at marinhealth cancer care; a surgical imaging c-arm; a depuys synthes velys robotic-assisted solution for knee replacement; upgraded software and hardware for the breast health center; the continued expansion of our structural heart program, offering an even larger array of non-invasive lifesaving procedures to those who would have in the past needed open heart surgery; support for underinsured cancer patients, including mammograms, physical therapy, wigs, prosthetics, and financial assistance; support for the braden diabetes center; and support for the haynes heart & vascular institute. Support was received through fundraising events as well as through generous support from community donors.

Operating model

Revenue model
Donor-supported. 97% 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 total spending goes to programs and the filed numbers largely add up. 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: 62
  • Transparency & Controls: 71
  • Accountability: 86
  • Sustainability: 90
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 40.7%; rating input score 41
  • Program expense ratio: 92.6%; rating input score 93
  • Fundraising efficiency: $44.96 raised per $1 spent on fundraising; rating input score 74; 74th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd 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; 72nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 91.3%; rating input score 91; 24th 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: 58.2%; rating input score 95; 95th percentile among comparable filings
  • Total-asset coverage ratio: 4.78; rating input score 84; 84th percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 94; 94th percentile among comparable filings
  • Officer compensation ratio: 1.5%; rating input score 81; 81st percentile among comparable filings

Growth

  • Program expense growth: 8.1% per year; rating input score 100; 62nd percentile among comparable filings
  • Revenue growth: 6.1% per year; rating input score 100; 53rd percentile among comparable filings
  • Asset growth: 6.9% per year; rating input score 100; 48th percentile among comparable filings

Details

  • Where the money goes: 40.7% of revenue deployed · 92.6% of spending went to programs
  • Governance: 21 of 23 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $9.3M in reported program spending
  • Leadership: top reported pay $2.1M · 24 people listed · 0 of 6 pay-setting controls reported
  • Highest-paid contractors: 3 contractors listed · $539K reported
  • Consistency: 28 of 28 current checks pass
  • Schedules: 9 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 6 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.

  • Moderate — Financial Efficiency: Mission deployment rate scored 41/100.
  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • Review — Accountability: Governance controls: 2 of 9 not reported.