Multicare South King Health Foundation

Nonprofit profile at a glance

EIN
465636491
IRS 990 coverage
2015–2019
Forms available
Form 990 2019, Form 990-N 2014
Location
Tacoma, WA, USA
Phone
2534598141
Rating
46
Verdict
MIXED
Rating confidence
Moderate
Sector
Single Organization Support

Reported finances

Revenue
$512,210
Expenses
$409,431
Assets
$0
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2019. Amounts in USD.

Leadership & pay

22 people listed

Executive titles in this filing

  • WILLIAM ROBERTSON (PRESIDENT & CEO, INT.CFO)
  • MONICA HURLEY (EXECUTIVE DIRECTOR)

Highest reported compensation

  • WILLIAM ROBERTSON (PRESIDENT & CEO, INT.CFO): $2,395,960 total reported compensation
  • UMA KRISHNAN MD (MEMBER, PHYSICIAN): $1,035,422 total reported compensation
  • CALVIN WALLACE MD (TREASURER, PHYSICIAN): $486,959 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2019. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Partnering for healing and a healthy future through philanthropy.

What it reported doing in 2019

Multicare south king health foundation supports the facilities, programs and operations of multicare health system, a related healthcare tax-exempt entity, in the primary area of south king county, wa. In 2019 multicare south king health foundation granted $28,536 to helping hands, a program at multicare health system. These funds are used by social workers in direct support of patients and families who need a little extra help. Helping hands pays for items the patient urgently needs but cannot afford such as prescriptions, medical equipment or transportation home.

Operating model

Revenue model
Affiliate-supported. 68% of the money available for current operations came from contributions from related organizations.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.

The verdict

MIXED - The filed numbers largely add up and most voting board members are independent. 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: 12
  • Transparency & Controls: 68
  • Accountability: 84
  • Sustainability: 37
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 15%; rating input score 15
  • Program expense ratio: 9.9%; rating input score 10
  • Fundraising efficiency: $1.24 raised per $1 spent on fundraising; rating input score 4; 4th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 90.9%; rating input score 91; 6th 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: 99.5%; rating input score 100; 45th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: No; rating input score 0

Accountability

  • Independent voting board: 88.2%; rating input score 88; 20th 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: 20.1%; rating input score 79; 79th percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 0; 0th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 60.8%; rating input score 1; 1st percentile among comparable filings

Growth

  • Program expense growth: -8.2% per year; rating input score 0; 8th percentile among comparable filings
  • Revenue growth: 8.4% per year; rating input score 100; 68th percentile among comparable filings
  • Asset growth: -14.3% per year; rating input score 0; 3rd percentile among comparable filings

Details

  • Where the money goes: 15% of revenue deployed · 9.9% of spending went to programs
  • Governance: 15 of 17 board members independent · 7 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $41K in reported program spending
  • Leadership: top reported pay $2.4M · 22 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 22 of 23 current checks pass · 1 finding to review
  • Schedules: 8 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 4 filing years from 2015 to 2019
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 15 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 — Financial Efficiency: Mission deployment rate scored 15/100.
  • High — Financial Efficiency: Program expense ratio scored 10/100.
  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • High — Financial Efficiency: Fundraising efficiency scored 4/100.
  • High — Growth: Program expense growth scored 0/100.
  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • High — Sustainability: Total-asset coverage ratio scored 0/100.
  • High — Transparency & Controls: Related-party transparency scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 1/100.
  • Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.