Piedmont Athens Regional Foundation Inc
Nonprofit profile at a glance
- EIN
- 581978389
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Location
- Athens, GA, USA
- Phone
- 7064757000
- Rating
- 55
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Single Organization Support
Reported finances
- Revenue
- $1,237,719
- Expenses
- $2,460
- Assets
- $11,982,881
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
21 people listed
Executive titles in this filing
- MR J MICHAEL BURNETT (CEO, PARMC)
Highest reported compensation
- MR THOMAS ARNOLD (TREASURER/CFO PHC): $1,518,663 total reported compensation
- MS ELIZABETH LEDDY (SECRETARY/CLO PHC): $1,379,286 total reported compensation
- MR J MICHAEL BURNETT (CEO, PARMC): $1,274,458 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 corporation was organized to be operated, and at all times shall be operated, exclusively for the benefit of or to carry out the purposes of piedmont athens regional medical center, inc., and such other exempt organizations controlled by or affiliated with piedmont athens regional medical center, inc., by assisting said organizations in fund raising and fund management, making grants, gifts, and other distributions to said organizations; and by engaging in such other activities as may benefit or further the purposes of said organization and to engage in any and all activities consistent with and in furtherance of the above purpose.
What it reported doing in 2024
Realizing that piedmont athens regional medical center and its affiliates rely upon the generosity and vision of community minded citizens, the piedmont athens regional foundation ("parf") provides the volunteer leadership that assures piedmont athens regional medical center's philanthropic support is generated, stewarded and transformed into valuable gifts meeting the immediate and future healthcare needs of the region.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
MIXED - 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 program spending has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 21
- Transparency & Controls: 74
- Accountability: 83
- Sustainability: 87
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 0.1%; rating input score 0
- Program expense ratio: 62.6%; rating input score 63
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 78.9%; rating input score 79; 17th 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: 99.8%; rating input score 100; 100th percentile among comparable filings
- Total-asset coverage ratio: 4,871.09; rating input score 100; 100th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 91; 91st percentile among comparable filings
- Officer compensation ratio: 10,451.6%; rating input score 0; 0th percentile among comparable filings
Growth
- Program expense growth: -37.9% per year; rating input score 0; 1st percentile among comparable filings
- Revenue growth: 3.9% per year; rating input score 100; 36th percentile among comparable filings
- Asset growth: 2% per year; rating input score 100; 25th percentile among comparable filings
Details
- Where the money goes: 0.1% of revenue deployed · 62.6% of spending went to programs
- Governance: 15 of 19 board members independent · 8 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $2K in reported program spending
- Leadership: top reported pay $1.5M · 21 people listed · 1 of 6 pay-setting controls reported
- Consistency: 16 of 16 current checks pass
- Schedules: 7 filed schedules · includes major donors and executive pay
- Filing history: 15 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Related organizations: 50 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 — Growth: Program expense growth scored 0/100.
- Review — Accountability: Governance controls: Form 990 shared with the board not reported.
- High — Sustainability: Officer compensation ratio scored 0/100.