Ohio Living Foundation

Nonprofit profile at a glance

EIN
311166164
IRS 990 coverage
2009–2024
Forms available
Form 990 2024, Form 990-T 2022
Location
Westerville, OH, USA
Phone
6148887800
Rating
43
Verdict
MIXED
Rating confidence
Moderate
Sector
Human Service Organizations

Official website

Reported finances

Revenue
$8,832,703
Expenses
$2,096,017
Assets
$83,637,252
Liabilities
$1,343,443

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

Leadership & pay

22 people listed

Executive titles in this filing

  • LAURENCE C GUMINA (CHIEF EXECUTIVE OFFICER)

Highest reported compensation

  • LAURENCE C GUMINA (CHIEF EXECUTIVE OFFICER): $717,013 total reported compensation
  • ROBERT STILLMAN (CFO/TREASURER): $486,720 total reported compensation
  • DAVID DE SIMONE (CHIEF COUNSEL & COMPLIANCE): $393,061 total reported compensation

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

Overview

Mission

Ohio living foundation's mission is to partner with donors to provide charitable support for the people, projects and programs of Ohio living.

What it reported doing in 2024

See schedule othe Ohio living foundation fulfills the fundraising and investment responsibilities of Ohio living communities and Ohio living holdings.the foundation served: Ohio living breckenridge villageohio living cape mayohio living dorothy loveohio living lake vistaohio living llanfairohio living mount pleasantohio living rockynolohio living swan creekohio living westminster-thurberohio living holdings (7 regional sites)Ohio living sarah mooreohio living quaker heightslife care commitment: the goal is to assure Ohio living communities residents that they will always have a home in our communities even if, in good faith, they exhaust their personal funds.home health & hospice: the goal is to help older adults remain independent. Gift support provides assistance for a variety of community based services, including home health care, personal care and hospice.spiritual life: the goal is to enhance the spiritual lives of our residents. Most of our campuses have chaplains on staff and most communities have their own chapel. Gift support helps provide programs for residents and families as well as training for staff.rehabilitation: the goal is to help patients recover from injury or illness so they can regain their independence and continue to live life to the fullest. Gift support provides assistance for a variety of services, including new equipment, enhanced technology, physical improvements, and additional staff training.capital support: this includes ongoing renovations of current facilities and the development of special use space. The foundation helps meet Ohio living communities larger capital needs through campaigns that support specific projects.endowment support: many donors want to ensure that the programs they support now will be available for older adults in the years to come. Endowment funds are permanently invested to provide income for the long term benefit of Ohio living. Only the income from an endowment fund can be used, leaving the principal preserved to permanently support the donor's selected purpose.

Operating model

Revenue model
Donor-supported. 77% of the money available for current operations came from contributions and gifts.
Distribution model
No current program activity. The filing reports no program spending for the current year.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

MIXED - Most voting board members are independent and the filed numbers largely add up. 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: 2
  • Transparency & Controls: 60
  • Accountability: 95
  • Sustainability: 87
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0%; rating input score 0
  • Program expense ratio: 0%; rating input score 0
  • Fundraising efficiency: $4.32 raised per $1 spent on fundraising; rating input score 14; 14th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 92.3%; rating input score 92; 10th 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: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: No; rating input score 0

Accountability

  • Independent voting board: 90.9%; rating input score 91; 21st 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: 76.3%; rating input score 97; 97th percentile among comparable filings
  • Total-asset coverage ratio: 39.9; rating input score 99; 99th percentile among comparable filings
  • Liabilities to assets ratio: 0.02; rating input score 82; 82nd percentile among comparable filings
  • Officer compensation ratio: 12.6%; rating input score 23; 23rd percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: -1.9% per year; rating input score 0; 7th percentile among comparable filings
  • Asset growth: 2.6% per year; rating input score 100; 22nd percentile among comparable filings

Details

  • Where the money goes: 0% of revenue deployed · 0% of spending went to programs
  • Governance: 10 of 11 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $717K · 22 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 28 of 29 current checks pass · 1 finding to review
  • Schedules: 6 filed schedules · includes major donors and executive pay
  • Filing history: 15 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 5 filed money-flow records
  • Related organizations: 9 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 0/100.
  • High — Financial Efficiency: Program expense ratio scored 0/100.
  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • High — Financial Efficiency: Fundraising efficiency scored 14/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Transparency & Controls: Related-party transparency scored 0/100.
  • Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
  • High — Sustainability: Officer compensation ratio scored 23/100.