Memorial Foundation Inc

Nonprofit profile at a glance

EIN
371186034
IRS 990 coverage
2016–2024
Forms available
Form 990 2024
Location
Belleville, IL, USA
Phone
6182575659
Rating
83
Verdict
STRONG
Rating confidence
Standard

Official website

Reported finances

Revenue
$15,096,633
Expenses
$3,615,630
Assets
$138,707,756
Liabilities
$7,291,226

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

Leadership & pay

16 people listed

Executive titles in this filing

  • MCMANUS MICHAEL (PRESIDENT, DIRECTOR TERM 4/24)
  • GRAVES DEBORAH (PRESIDENT, DIRECTOR BEG 3/24)

Highest reported compensation

  • KOESTERER SUSAN (SECRETARY): $506,687 total reported compensation
  • MCMANUS MICHAEL (PRESIDENT, DIRECTOR TERM 4/24): $495,659 total reported compensation
  • GRAVES DEBORAH (PRESIDENT, DIRECTOR BEG 3/24): $456,008 total reported compensation

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

Overview

Mission

Memorial foundation, inc. Is committed to building healthy, vibrant communities in protestant memorial medical center, inc.'s, dba memorial hospital, service area now and for generations to come.

What it reported doing in 2024

Community service/outreach: memorial foundation, inc. Provided support for community outreach programs at local schools and non-profits in the pmmci communities. Funds were awarded to a local school district to support a construction project for a learning caf that will enable all students, regardless of ability, with life skills to find employment. The largest school district in the service area was awarded funds to provide low income families with free school physicals and vaccinations. A youth-focused non-profit was awarded funding to provide physical and mental wellness activities for students, regardless of ability to pay. A non-profit supporting victims of sexual assault was awarded funding to ensue victims do not experience disrupted services in their physical and mental wellness programs. Memorial foundation, inc. Also supported "art on the square", the largest public event held in st. Clair county where the foundation promoted diabetes prevention and healthy living choices by hosting hospital diabetes educators.

Operating model

Revenue model
Investment-supported. 93% of the money available for current operations came from recurring investment income.
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

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 85
  • Transparency & Controls: 75
  • Accountability: 83
  • Sustainability: 92
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 88.1%; rating input score 88
  • Fundraising efficiency: $0.9 raised per $1 spent on fundraising; rating input score 2; 2nd 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: 85.7%; rating input score 86; 19th 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: 76.1%; rating input score 98; 98th percentile among comparable filings
  • Total-asset coverage ratio: 38.36; rating input score 99; 99th percentile among comparable filings
  • Liabilities to assets ratio: 0.05; rating input score 82; 82nd percentile among comparable filings
  • Officer compensation ratio: 4.1%; rating input score 58; 58th percentile among comparable filings

Growth

  • Program expense growth: 4.3% per year; rating input score 100; 36th percentile among comparable filings
  • Revenue growth: 11.8% per year; rating input score 100; 80th percentile among comparable filings
  • Asset growth: 13.5% per year; rating input score 100; 77th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 88.1% of spending went to programs
  • Governance: 12 of 14 board members independent · 7 of 9 filing controls reported
  • Programs: 4 filed program accomplishments · $3.2M in reported program spending
  • Leadership: top reported pay $507K · 16 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 29 of 29 current checks pass
  • Schedules: 9 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 8 filing years from 2016 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 37 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 — Transparency & Controls: Pay-setting controls scored 0/100.
  • High — Financial Efficiency: Fundraising efficiency scored 2/100.
  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • Review — Sustainability: Officer compensation ratio scored 58/100.