Morton Plant Mease Health Care Foundation Inc

Nonprofit profile at a glance

EIN
591751535
IRS 990 coverage
2010–2025
Forms available
Form 990 2025, Form 990-T 2021
Location
Clearwater, FL, USA
Phone
7274627036
Rating
83
Verdict
STRONG
Rating confidence
Moderate
Sector
Single Organization Support

Official website

Reported finances

Revenue
$22,093,202
Expenses
$16,292,177
Assets
$139,990,730
Liabilities
$5,689,489

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

30 people listed

Executive titles in this filing

  • ERNESTINE MORGAN CFRE (PRESIDENT AND CEO (RETIRED 2/5/25))
  • KATRINA MASON (PRESIDENT AND CEO)

Highest reported compensation

  • MATTHEW E NOVAK (DIRECTOR): $820,556 total reported compensation
  • KATRINA MASON (PRESIDENT AND CEO): $276,060 total reported compensation
  • ERNESTINE MORGAN CFRE (PRESIDENT AND CEO (RETIRED 2/5/25)): $270,450 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Morton plant mease health care foundation is committed to supporting the hospitals of morton plant mease to improve the health and wellness of our community by inspiring people to invest in extraordinary, compassionate care.

What it reported doing in 2025

Providing capital support to the hospitals of morton plant mease, including: varian truebeam advanced radiotherapy system for cancer treatment; mobile imaging c-arm supporting morton plant north bay hospital's growing surgical program; integrated stabilization unit helping individuals experiencing mental illness or substance use disorders; neonatal intensive care unit couplet care allowing mothers and babies to be cared for together; future inpatient oncology unit at mease countryside hospital; and carelift transportation service getting patients to and from appointments. See section o for a detailed description of each capital grant requested by the hospitals.

Operating model

Revenue model
Donor-supported. 84% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 98% 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. Fundraising costs are high for each dollar raised and some filed totals do not add up.

Rating breakdown

  • Financial Efficiency: 75
  • Transparency & Controls: 82
  • Accountability: 98
  • Sustainability: 78
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 79.6%; rating input score 80
  • Program expense ratio: 82.9%; rating input score 83
  • Fundraising efficiency: $9.07 raised per $1 spent on fundraising; rating input score 30; 30th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 88.9%; rating input score 89; 4th percentile among comparable filings
  • Pay-setting controls: 4 of 6 controls in place; rating input score 67
    • Compensation committee: Missing
    • Independent consultant: Pass
    • Other Form 990s reviewed: Missing
    • Written employment contract: Pass
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 99.3%; rating input score 99; 43rd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 96.2%; rating input score 96; 26th 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: 26.3%; rating input score 81; 81st percentile among comparable filings
  • Total-asset coverage ratio: 8.59; rating input score 84; 84th percentile among comparable filings
  • Liabilities to assets ratio: 0.04; rating input score 79; 79th percentile among comparable filings
  • Officer compensation ratio: 5.7%; rating input score 52; 52nd percentile among comparable filings

Growth

  • Program expense growth: 5.6% per year; rating input score 100; 43rd percentile among comparable filings
  • Revenue growth: 2.9% per year; rating input score 100; 22nd percentile among comparable filings
  • Asset growth: 2.2% per year; rating input score 100; 14th percentile among comparable filings

Details

  • Where the money goes: 79.6% of revenue deployed · 82.9% of spending went to programs
  • Governance: 25 of 26 board members independent · 9 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $13.5M in reported program spending
  • Leadership: top reported pay $821K · 30 people listed · 4 of 6 pay-setting controls reported
  • Consistency: 34 of 36 current checks pass · 2 findings to review
  • Schedules: 9 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 16 filing years from 2010 to 2025
  • Contacts: How to reach this organization
  • Money network: 8 filed money-flow records
  • Related organizations: 7 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.

  • Moderate — Financial Efficiency: Fundraising efficiency scored 30/100.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • Review — Sustainability: Officer compensation ratio scored 52/100.