Passavant Memorial Homes Foundation

Nonprofit profile at a glance

EIN
251869155
IRS 990 coverage
2010–2024
Forms available
Form 990 2024, Form 990-EZ 2009
Location
Pittsburgh, PA, USA
Phone
4128201010
Rating
66
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Private Grantmaking Foundations

Official website

Reported finances

Revenue
$25,106
Expenses
$94,825
Assets
$2,069,558
Liabilities
$3,024,348

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

Leadership & pay

10 people listed

Executive titles in this filing

  • RICK D SENFT (CEO & PRESIDENT)
  • ZACHARY SENFT (COO & VICE PRESIDENT)

Highest reported compensation

  • RICK D SENFT (CEO & PRESIDENT): $1,295,500 total reported compensation
  • ZACHARY SENFT (COO & VICE PRESIDENT): $675,512 total reported compensation
  • LEWIS MINETT (COS & SECRETARY): $505,401 total reported compensation

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

Overview

Mission

It is the mission of passavant memorial homes foundation to support passavant memorial homes through comprehensive resource development by creating awareness of and providing additional funds for its quality programs and services.

What it reported doing in 2024

Passavant memorial homes foundation was established to support pmhfos and its commitment to enriching the lives of children and adults with intellectual disabilities, autism, and behavioral health needs. Passavant memorial homes foundation creates awareness of and provides additional financial resources for the quality programs of passavant memorial homes, which care for the physical, emotional, social, and spiritual needs of individuals while promoting choice and independence. Passavant memorial homes foundation upholds the contention that all people have the right to lead full, productive, and independent lives. For more information, please visit www.pmhfos.org.

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 total spending goes to programs and few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence.

Rating breakdown

  • Financial Efficiency: 56
  • Transparency & Controls: 68
  • Accountability: 91
  • Sustainability: 30
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 79.7%; rating input score 80
  • Program expense ratio: 21.1%; rating input score 21
  • Fundraising efficiency: $5.22 raised per $1 spent on fundraising; rating input score 40; 40th 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: 100%; rating input score 100; 80th percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th 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: -277.7%; rating input score 11; 11th percentile among comparable filings
  • Total-asset coverage ratio: 21.83; rating input score 81; 81st percentile among comparable filings
  • Liabilities to assets ratio: 1.46; rating input score 3; 3rd percentile among comparable filings
  • Officer compensation ratio: 175.1%; rating input score 3; 3rd percentile among comparable filings

Growth

  • Program expense growth: 30.5% per year; rating input score 100; 90th percentile among comparable filings
  • Revenue growth: -15.9% per year; rating input score 0; 23rd percentile among comparable filings
  • Asset growth: 2.9% per year; rating input score 100; 57th percentile among comparable filings

Details

  • Where the money goes: 79.7% of revenue deployed · 21.1% of spending went to programs
  • Governance: 6 of 6 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $20K in reported program spending
  • Leadership: top reported pay $1.3M · 10 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 24 of 24 current checks pass
  • Schedules: 7 filed schedules · includes grants and executive pay
  • Filing history: 15 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 19 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: Program expense ratio scored 21/100.
  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • Moderate — Financial Efficiency: Fundraising efficiency scored 40/100.
  • High — Sustainability: Operating margin scored 11/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • High — Sustainability: Liabilities to assets ratio scored 3/100.
  • High — Sustainability: Officer compensation ratio scored 3/100.