Megan S Ott Foundation Inc

Nonprofit profile at a glance

EIN
272189612
IRS 990 coverage
2010–2022
Forms available
Form 990 2022
Location
Indianapolis, IN, USA
Phone
3175744280
Rating
75
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Patient Services - Entertainment, Recreation

Official website

Reported finances

Revenue
$124,059
Expenses
$139,253
Assets
$138,033
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2022. Amounts in USD.

Leadership & pay

11 people listed

Executive titles in this filing

  • NICOLE J CARNAHAN (EXECUTIVE DIRECTOR)
  • THOMAS W OTT (PRESIDENT)
  • STEVEN R SNYDER (VICE PRESIDENT)

Highest reported compensation

  • NICOLE J CARNAHAN (EXECUTIVE DIRECTOR): $66,000 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2022. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To provide assistance to men and woman who are dealing with breast cancer by providing them with both financial and emotional/moral based support during their treatment periods.

What it reported doing in 2022

Organization has only one program which is to provide financial aid, transportation assistance and general morale and welfare support to men and women who are being treated for breast cancer through the community health network / community breast care in indianapolis, Indiana and riverview health in noblesville, Indiana.

Operating model

Revenue model
Other-operating. 65% of the money available for current operations came from other operating revenue.
Distribution model
Hybrid. The nonprofit split its reported program spending across 50% for direct work, and 50% for grants.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 78
  • Transparency & Controls: 86
  • Accountability: 58
  • Sustainability: 32
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 91.8%; rating input score 92
  • Program expense ratio: 81.8%; rating input score 82
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 92.9%; rating input score 93; 24th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 72.7%; rating input score 73; 19th percentile among comparable filings
  • Governance controls: 3 of 8 controls in place; rating input score 38
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Fail
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -12.2%; rating input score 22; 22nd percentile among comparable filings
  • Total-asset coverage ratio: 0.99; rating input score 39; 39th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 82; 82nd percentile among comparable filings
  • Officer compensation ratio: 47.4%; rating input score 4; 4th percentile among comparable filings

Growth

  • Program expense growth: 1.1% per year; rating input score 100; 41st percentile among comparable filings
  • Revenue growth: 2.9% per year; rating input score 100; 46th percentile among comparable filings
  • Asset growth: 0.2% per year; rating input score 100; 27th percentile among comparable filings

Details

  • Where the money goes: 91.8% of revenue deployed · 81.8% of spending went to programs
  • Governance: 8 of 11 board members independent · 3 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $114K in reported program spending
  • Leadership: top reported pay $66K · 11 people listed
  • Consistency: 20 of 21 current checks pass · 1 finding to review
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 12 filing years from 2010 to 2022
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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 — Accountability: Governance controls: 4 of 7 not reported.
  • High — Sustainability: Operating margin scored 22/100.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • Moderate — Sustainability: Total-asset coverage ratio scored 39/100.
  • High — Sustainability: Officer compensation ratio scored 4/100.