Point32health Foundation Inc

What it reported doing in 2024

Corporate citizenship (workplace giving/sponsorships): in 2024, the point32health family of companies participated in corporate citizenship activities. This included foundation investments in community through event/program sponsorships, a match program that supports individual volunteering and/or financial contributions to qualified non-profit organizations up to $500 annually for each employee and up to $5,000 annually for members of point32health and foundation boards of directors. Donations made on #givingtuesday are matched two-for-one. Additionally, the foundation matches up to $5,000 annually for employees at the director-level and above who serve on boards and offers employees up to the manager level an opportunity to direct a mini grant of $250, after an initial employee donation of $25, to a non-profit of their choosing. All employees and board members are also eligible for an annual double match -- up to $1,000 - for donations made to organizations advancing community building and civic engagement. A match incentive for team-based volunteering encourages service to community. Additionally, the foundation offers special match programs to support disaster response and relief efforts, and fundraising programs such as the walk to end alzheimer's and nami walks (to support the alzheimer's association and national alliance on mental illness, respectively). The corporate citizenship program supports a company-wide volunteer week, volunteer service opportunities throughout the year, and drives addressing key social and economic factors affecting health (the social determinants of health): food, housing and economic security, and education.

Financial Efficiency

• Mission deployment rate: 88%; rating input score 88
• Program expense ratio: 97%; rating input score 97
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 92.9%; rating input score 93; 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: Scored; rating input score 0
• Grant itemization coverage: 95%; rating input score 95; 24th percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Yes; rating input score 100

Accountability

• Independent voting board: 81.8%; rating input score 82; 16th 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: 42.5%; rating input score 92; 92nd percentile among comparable filings
• Total-asset coverage ratio: 11.32; rating input score 92; 92nd percentile among comparable filings
• Liabilities to assets ratio: 0.01; rating input score 92; 92nd percentile among comparable filings
• Officer compensation ratio: 7%; rating input score 36; 36th percentile among comparable filings

Growth

• Program expense growth: 10.5% per year; rating input score 100; 72nd percentile among comparable filings
• Revenue growth: 1.7% per year; rating input score 100; 16th percentile among comparable filings
• Asset growth: 5.4% per year; rating input score 100; 38th percentile among comparable filings