Mental Health Innovation Foundation

Nonprofit profile at a glance

EIN
832696159
IRS 990 coverage
2022–2024
Forms available
Form 990 2024, Form 990-N 2021
Location
Omaha, NE, USA
Phone
4022712834
Rating
50
Verdict
MIXED
Rating confidence
Moderate
Sector
Fund Raising and/or Fund Distribution

Reported finances

Revenue
$16,169,090
Expenses
$154,284
Assets
$116,286,215
Liabilities
$23,931,397

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

Leadership & pay

3 people listed

Executive titles in this filing

  • KENNETH E STINSON (PRESIDENT AND TREASURER)
  • FRED R HUNZEKER (VICE PRESIDENT AND SECRETARY)

People named in this filing

  • BETHANY A OCHSNER (CAPITAL CAMPAIGN EXECUTIVE)
  • KENNETH E STINSON (PRESIDENT AND TREASURER)
  • FRED R HUNZEKER (VICE PRESIDENT AND SECRETARY)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

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

Overview

Mission

To identify and implement strategies and raise funds to address the behavioral health system gaps and barriers in Nebraska and surrounding areas.

What it reported doing in 2024

Mental health innovation foundation (mhif), led by ken stinson, had the pioneering vision to address growing mental health challenges in youth by expanding the capacity for pediatric mental healthcare. Mhif convened a stakeholder group to assess this need, including children's Nebraska, chi health immanuel, boys town, creighton university and business leadership. As a result, a capital campaign was initiated to construct the behavioral health & wellness center at children's Nebraska. This comprehensive facility for ages 5-18 will provide a wide range of services including a crisis assessment center that provides care for youth and families when they have an urgent behavioral health need or have a crisis that needs immediate support. Services also will include inpatient treatment, partial hospitalization, general pediatric care and outpatient mental healthcare, plus amenities like an experiential kitchen to help patients participating in children's eating disorders program. Upon construction completion, mhif, will gift the building to children's Nebraska to own and operate. Children's will begin serving youth in january 2026.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

MIXED - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 13
  • Transparency & Controls: 92
  • Accountability: 49
  • Sustainability: 95
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0.1%; rating input score 0
  • Program expense ratio: 7.6%; rating input score 8
  • Fundraising efficiency: $348.7 raised per $1 spent on fundraising; rating input score 93; 93rd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd 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: 33.3%; rating input score 33; 7th percentile among comparable filings
  • Governance controls: 5 of 7 controls in place; rating input score 71
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 99%; rating input score 100; 100th percentile among comparable filings
  • Total-asset coverage ratio: 753.72; rating input score 100; 100th percentile among comparable filings
  • Liabilities to assets ratio: 0.21; rating input score 58; 58th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 96; 96th percentile among comparable filings

Growth

  • Program expense growth: 57.6% per year; rating input score 100; 98th percentile among comparable filings
  • Revenue growth: -36.8% per year; rating input score 0; 0th percentile among comparable filings
  • Asset growth: 47% per year; rating input score 100; 98th percentile among comparable filings

Details

  • Where the money goes: 0.1% of revenue deployed · 7.6% of spending went to programs
  • Governance: 1 of 3 board members independent · 5 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $12K in reported program spending
  • Leadership: top reported pay $0 · 3 people listed
  • Highest-paid contractors: 2 contractors listed · $40.9M reported
  • Consistency: 24 of 24 current checks pass
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 3 filing years from 2022 to 2024
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • 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 — Financial Efficiency: Mission deployment rate scored 0/100.
  • High — Financial Efficiency: Program expense ratio scored 8/100.
  • Moderate — Accountability: Independent voting board scored 33/100.
  • Review — Accountability: Governance controls: 2 of 7 not reported.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Sustainability: Liabilities to assets ratio scored 58/100.