Oswego Health Foundation Inc
Nonprofit profile at a glance
- EIN
- 800822020
- IRS 990 coverage
- 2015–2024
- Forms available
- Form 990 2024, Form 990-N 2013
- Location
- Oswego, NY, USA
- Phone
- 3153495531
- Rating
- 65
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Public Foundations
Reported finances
- Revenue
- $1,091,509
- Expenses
- $918,952
- Assets
- $1,736,787
- Liabilities
- $87,382
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
13 people listed
Executive titles in this filing
- Michael Backus (President & CEO)
Highest reported compensation
- Michael Backus (President & CEO): $565,125 total reported compensation
- Eric Campbell (CFO): $418,915 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The mission of the Oswego Health Foundation is to raise and manage philanthropic support for Oswego Health and its not for profit entities as they provide accessible, quality care and improve the health of the residents in our community.
What it reported doing in 2024
Solicit, accept, acknowledge, hold, invest, reinvest and administer gifts, grants, bequests, contributions, devises, benefits of trusts, endowments and property of any kind.
Operating model
- Revenue model
- Donor-supported. 100% 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.
The verdict
SUPPORTED - 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 few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence.
Rating breakdown
- Financial Efficiency: 46
- Transparency & Controls: 65
- Accountability: 95
- Sustainability: 65
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 47%; rating input score 47
- Program expense ratio: 55.8%; rating input score 56
- Fundraising efficiency: $2.85 raised per $1 spent on fundraising; rating input score 8; 8th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd 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: Limited
Accountability
- Independent voting board: 91.7%; rating input score 92; 24th 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: 15.8%; rating input score 71; 71st percentile among comparable filings
- Total-asset coverage ratio: 1.89; rating input score 63; 63rd percentile among comparable filings
- Liabilities to assets ratio: 0.05; rating input score 52; 52nd percentile among comparable filings
- Officer compensation ratio: 2.4%; rating input score 58; 58th percentile among comparable filings
Growth
- Program expense growth: 9.2% per year; rating input score 100; 60th percentile among comparable filings
- Revenue growth: 10.2% per year; rating input score 100; 67th percentile among comparable filings
- Asset growth: 22.2% per year; rating input score 100; 84th percentile among comparable filings
Details
- Where the money goes: 47% of revenue deployed · 55.8% of spending went to programs
- Governance: 11 of 12 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $513K in reported program spending
- Leadership: top reported pay $565K · 13 people listed · 0 of 6 pay-setting controls reported
- Consistency: 26 of 26 current checks pass
- Schedules: 7 filed schedules · includes major donors and executive pay
- Filing history: 9 filing years from 2015 to 2024
- Contacts: How to reach this organization
- Money network: 3 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: Mission deployment rate scored 47/100.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- Review — Financial Efficiency: Program expense ratio scored 56/100.
- High — Financial Efficiency: Fundraising efficiency scored 8/100.
- Review — Sustainability: Liabilities to assets ratio scored 52/100.
- Review — Sustainability: Officer compensation ratio scored 58/100.