Memorial Hospital Foundation

Nonprofit profile at a glance

EIN
942290244
IRS 990 coverage
2011–2024
Forms available
Form 990 2024
Location
Sacramento, CA, USA
Phone
9162866665
Rating
72
Verdict
SUPPORTED
Rating confidence
Moderate

Official website

Reported finances

Revenue
$4,092,823
Expenses
$2,367,410
Assets
$25,738,661
Liabilities
$2,245,826

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

Leadership & pay

15 people listed

Executive titles in this filing

  • TRACY ROMAN (CEO, MMC/CFO MHF (pt-yr))

Highest reported compensation

  • TRACY ROMAN (CEO, MMC/CFO MHF (pt-yr)): $1,228,144 total reported compensation
  • Raya Elias-Petros (Chief Philanthropy Officer-SH): $1,058,747 total reported compensation
  • Scott Wartelle (CFO C.Valley Div & MHF(pt-yr)): $589,238 total reported compensation

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

Overview

Mission

See schedule o

What it reported doing in 2024

Program Service Accomplishments: Through philanthropy, Sutter Health can practice the most innovative, technologically advanced medicine possible and meet the critical health care demands of our community. In 2024, Memorial Hospital Foundation contributed over $1.4 million in philanthropic gifts to support equipment, programs and services that help save lives and fulfill our not-for-profit mission. Nearly $600,000 in funds were released to provide care at Sutter Memorial Medical Center's Family Birthing Center's high-risk antepartum suites and neonatal intensive care unit (NICU) with the purchase of the most technologically advanced incubators and 3D Voluson ultrasounds and wireless monitoring for high-risk maternity care. In addition, $185K was provided for a portable OCT machine. - $154K was provided for Stryker small power sets in the operating room. - $207K was provided for an intra-aortic balloon pump system to help heart patients and other operational needs for cardiovascular services. - $121K was provided for a trident X-Ray system for breast cancer patients. - $231K was provided for various smaller capital items including the Volara treatment system that helped with traumatic respiratory injury, pneumonia and chronic lung disease. The Foundation also continued its program of employee emergency need support (SPIRIT Club).

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Grant intermediary. The nonprofit sent 83% of its reported program spending out as grants.

The verdict

SUPPORTED - 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 some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 61
  • Transparency & Controls: 76
  • Accountability: 82
  • Sustainability: 77
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 67.1%; rating input score 67
  • Program expense ratio: 71.9%; rating input score 72
  • Fundraising efficiency: Limited

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

Accountability

  • Independent voting board: 76.9%; rating input score 77; 13th percentile among comparable filings
  • Governance controls: 8 of 9 controls in place; rating input score 89
    • 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: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 42.2%; rating input score 90; 90th percentile among comparable filings
  • Total-asset coverage ratio: 10.87; rating input score 91; 91st percentile among comparable filings
  • Liabilities to assets ratio: 0.09; rating input score 61; 61st percentile among comparable filings
  • Officer compensation ratio: 34.6%; rating input score 4; 4th percentile among comparable filings

Growth

  • Program expense growth: 2.6% per year; rating input score 100; 25th percentile among comparable filings
  • Revenue growth: 7% per year; rating input score 100; 54th percentile among comparable filings
  • Asset growth: 4.1% per year; rating input score 100; 30th percentile among comparable filings

Details

  • Where the money goes: 67.1% of revenue deployed · 71.9% of spending went to programs
  • Governance: 10 of 13 board members independent · 8 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $1.7M in reported program spending
  • Leadership: top reported pay $1.2M · 15 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 23 of 23 current checks pass
  • Schedules: 7 filed schedules · includes major donors, grants, executive pay, and related organizations
  • Filing history: 13 filing years from 2011 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 52 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.
  • Review — Accountability: Governance controls: Form 990 shared with the board not reported.
  • High — Sustainability: Officer compensation ratio scored 4/100.