Munson Healthcare Charlevoix Hospital Foundation
Nonprofit profile at a glance
- EIN
- 753078034
- IRS 990 coverage
- 2009–2017
- Forms available
- Form 990 2017
- Location
- Charlevoix, MI, USA
- Phone
- 2315474024
- Rating
- 75
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Single Organization Support
Reported finances
- Revenue
- $697,886
- Expenses
- $893,259
- Assets
- $0
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2017. Amounts in USD.
Leadership & pay
18 people listed
Executive titles in this filing
- DESIREE WORTHINGTON (PRESIDENT)
Highest reported compensation
- MARK A HEPLER (CFO): $555,216 total reported compensation
- DESIREE WORTHINGTON (PRESIDENT): $258,377 total reported compensation
- GLADYLYN JENKS (DIRECTOR): $200,851 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2017. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The mission of the munson healthcare charlevoix hospital foundation is to raise, manage, and grant funds to support munson healthcare charlevoix hospital's mission to provide accessible, quality, compassionate healthcare services to improve the health of the communities we serve.
What it reported doing in 2017
Funds support munson healthcare charlevoix hospital. Major initiatives funded include the renovation of outpatient rehab and the surgical suite and the purchase of a cardiac ultrasound machine and two hematology analyzers. The grants also funded various medical equipment purchases, unmet healthcare needs of patients in the munson service area, and nursing and staff training.
Operating model
- Revenue model
- Donor-supported. 74% 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 - 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 fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 85
- Transparency & Controls: 67
- Accountability: 85
- Sustainability: 4
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 83.5%; rating input score 84
- Fundraising efficiency: $3.61 raised per $1 spent on fundraising; rating input score 12; 12th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd 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; 74th percentile among comparable filings
- Major donor itemization: No; rating input score 0
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 81.8%; rating input score 82; 16th 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: -28%; rating input score 5; 5th 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: 17.5%; rating input score 16; 16th percentile among comparable filings
Growth
- Program expense growth: 24.9% per year; rating input score 100; 89th percentile among comparable filings
- Revenue growth: 12.1% per year; rating input score 100; 77th percentile among comparable filings
- Asset growth: -1.4% per year; rating input score 0; 24th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 83.5% of spending went to programs
- Governance: 9 of 11 board members independent · 8 of 9 filing controls reported
- Programs: 2 filed program accomplishments · $746K in reported program spending
- Leadership: top reported pay $555K · 18 people listed · 0 of 6 pay-setting controls reported
- Consistency: 18 of 18 current checks pass
- Schedules: 8 filed schedules · includes major donors, grants, and executive pay
- Filing history: 8 filing years from 2009 to 2017
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Related organizations: 28 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 12/100.
- High — Transparency & Controls: Major donor itemization scored 0/100.
- High — Sustainability: Operating margin scored 5/100.
- High — Sustainability: Total-asset coverage ratio scored 0/100.
- High — Growth: Asset growth scored 0/100.
- Review — Accountability: Governance controls: Form 990 shared with the board not reported.
- High — Sustainability: Officer compensation ratio scored 16/100.