Memorial Foundation of Allen Hospital

Nonprofit profile at a glance

EIN
421201138
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Waterloo, IA, USA
Phone
3192353995
Rating
71
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Single Organization Support

Official website

Reported finances

Revenue
$4,234,817
Expenses
$3,082,171
Assets
$27,533,857
Liabilities
$246,854

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

Leadership & pay

17 people listed

Executive titles in this filing

  • JENNIFER FRIEDLY (BOARD MEMBER/MARKET PRESIDENT)
  • MIKE LIND (EXECUTIVE DIRECTOR)
  • PAMELA DELAGARDELLE TO 823 (FORMER PRESIDENT/CEO)

Highest reported compensation

  • PAMELA DELAGARDELLE TO 823 (FORMER PRESIDENT/CEO): $934,735 total reported compensation
  • PRADEEP RAMESH (BOARD MEMBER): $643,326 total reported compensation
  • JENNIFER FRIEDLY (BOARD MEMBER/MARKET PRESIDENT): $562,472 total reported compensation

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

Overview

Mission

Allen foundation strengthens the programs, services and community relationships of allen health system.

What it reported doing in 2024

Grants, allocations and program supportmemorial foundation of allen hospital's purpose is to raise funds to maintain, develop, increase and extend the facilities and services of allen memorial hospital corporation and allen college in waterloo, ia, and to provide broader hospital, medical and educational service opportunities to patients, students, staff, faculty and residents of the geographical area they serve. It supports the missions of allen health systems, inc. And its subsidiaries by raising financial contributions and investing the proceeds.the grant, allocations and program support services may include: a) contributions to allen memorial hospital corporation and allen college for equipment purchases, to offset operating expenses and miscellaneousb) scholarships and/or lectureships awarded to individuals associated with allen memorial hospital corporation and allen collegec) grants to local rural health communities associated with allen memorial hospital corporationd) miscellaneous grants and contributions to organizations and/or individuals associated with allen memorial hospital corporation and allen college

Operating model

Revenue model
Donor-supported. 61% 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 - The filed numbers largely add up and most voting board members are independent. 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: 59
  • Transparency & Controls: 71
  • Accountability: 87
  • Sustainability: 78
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 62.7%; rating input score 63
  • Program expense ratio: 65.9%; rating input score 66
  • Fundraising efficiency: $4.3 raised per $1 spent on fundraising; rating input score 14; 14th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd 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; 43rd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 76.9%; rating input score 77; 13th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • 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: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 27.2%; rating input score 83; 83rd percentile among comparable filings
  • Total-asset coverage ratio: 8.93; rating input score 90; 90th percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 86; 86th percentile among comparable filings
  • Officer compensation ratio: 13%; rating input score 22; 22nd percentile among comparable filings

Growth

  • Program expense growth: 8% per year; rating input score 100; 56th percentile among comparable filings
  • Revenue growth: 2.9% per year; rating input score 100; 26th percentile among comparable filings
  • Asset growth: 8% per year; rating input score 100; 50th percentile among comparable filings

Details

  • Where the money goes: 62.7% of revenue deployed · 65.9% of spending went to programs
  • Governance: 10 of 13 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $2M in reported program spending
  • Leadership: top reported pay $935K · 17 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 35 of 35 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: 5 filed money-flow records
  • Related organizations: 84 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 14/100.
  • High — Sustainability: Officer compensation ratio scored 22/100.