Norwalk Health Services Corporation
Nonprofit profile at a glance
- EIN
- 222577711
- IRS 990 coverage
- 2009–2012
- Forms available
- Form 990 2012
- Location
- Norwalk, CT, USA
- Phone
- 2038522071
- Rating confidence
- Limited
- Sector
- Community Health Systems
Reported finances
- Revenue
- $1,496,083
- Expenses
- $82,469
- Assets
- $34,871,735
- Liabilities
- $780,117
Source: IRS Form 990. Selected filing: tax year 2012. Amounts in USD.
Leadership & pay
24 people listed
Source: IRS Form 990. Selected filing: tax year 2012. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To support the mission of norwalk hospital association by acting as the parent organization of norwalk hospital and affiliates.
What it reported doing in 2012
Norwalk health services corporation is the parent company of and provides support services for norwalk hospital association, norwalk health care, inc. Norwalk hospital foudnation and norwalk hospital physicians and surgeons, inc.
Operating model
- Revenue model
- Investment-supported. 73% of the money available for current operations came from recurring investment income.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 39
- Accountability: 86
- Sustainability: 85
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 60th 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: Scored; rating input score 0
- Grant itemization coverage: Scored; rating input score 0
- Major donor itemization: Limited
- Related-party transparency: Scored; rating input score 0
Accountability
- Independent voting board: 90.9%; rating input score 91; 22nd 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: 94.5%; rating input score 99; 99th percentile among comparable filings
- Total-asset coverage ratio: 422.85; rating input score 100; 100th percentile among comparable filings
- Liabilities to assets ratio: 0.02; rating input score 74; 74th percentile among comparable filings
- Officer compensation ratio: 38.8%; rating input score 3; 3rd percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: -1.3% per year; rating input score 0; 32nd percentile among comparable filings
- Asset growth: 6.4% per year; rating input score 100; 62nd percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 20 of 22 board members independent · 7 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $82K in reported program spending
- Leadership: top reported pay $967K · 24 people listed · 0 of 6 pay-setting controls reported
- Consistency: 12 of 12 current checks pass
- Schedules: 7 filed schedules · includes foreign activity, executive pay, and related organizations
- Filing history: 4 filing years from 2009 to 2012
- Money network: 1 filed money-flow record
- 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.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- High — Transparency & Controls: Foreign activity oversight scored 0/100.
- High — Transparency & Controls: Grant itemization coverage scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Review — Accountability: Governance controls: 2 of 9 not reported.
- High — Transparency & Controls: Related-party transparency scored 0/100.
- High — Sustainability: Officer compensation ratio scored 3/100.