Providence Health Foundation Inc

Nonprofit profile at a glance

EIN: 521275583
IRS 990 coverage: 2009–2024
Forms available: Form 990 2024
Location: St Louis, MO, USA
Phone: 3147338000
Rating: 35
Verdict: REVIEW
Rating confidence: Moderate
Sector: Hospital, General

Reported finances

Revenue: $157,281
Expenses: $-23,058
Assets: $5,865,506
Liabilities: $0

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

Leadership & pay

12 people listed

Executive titles in this filing

WILLIAM B HIGGINBOTHAM (PRESIDENT & CEO, MINISTRY MARKET)

Highest reported compensation

MARK L HAYES JD RPH (DIRECTOR): $1,077,028 total reported compensation
WILLIAM B HIGGINBOTHAM (PRESIDENT & CEO, MINISTRY MARKET): $752,077 total reported compensation
SCOTT M FURNISS (FORMER OFFICER (END 1/2020)): $548,402 total reported compensation

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

Overview

Mission

Rooted in the loving ministry of jesus as healer, we commit ourselves to serving all persons with special attention to those who are poor and vulnerable. Our catholic health ministry is dedicated to spiritually-centered, holistic care which sustains and improves the health of individuals and communities. We are advocates for a compassionate and just society through our actions and our words.

What it reported doing in 2024

The filing organization is a part of the ascension catholic health ministry. Ascension is a faith-based healthcare organization that delivers personalized, compassionate care to all, especially to those who need it the most. The providence health foundation provides funding to support providence health system's greatest needs. With the support of generous associates, physicians, board members and donors, providence is able to change the lives of those we serve in a meaningful and lasting way. The foundation provides support for community based services and programs, associate engagement activities, education and training efforts, and campus projects. Understanding the many aspects of life that impact one's health, providence and the foundation are committed to improving the overall well-being of the communities and people we are so privileged to serve.

Operating model

Revenue model: Investment-supported. 98% of the money available for current operations came from recurring investment income.
Distribution model: Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

REVIEW - 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: 0
Transparency & Controls: 62
Accountability: 80
Sustainability: 9
Growth: 0

Detailed rating inputs

Financial Efficiency

Mission deployment rate: 0%; rating input score 0
Program expense ratio: Limited
Fundraising efficiency: Limited

Transparency & Controls

Consistency checks: 91.7%; rating input score 92; 19th 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: Limited
Related-party transparency: Yes; rating input score 100

Accountability

Independent voting board: 88.9%; rating input score 89; 24th percentile among comparable filings
Governance controls: 6 of 9 controls in place; rating input score 67
- 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: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass

Sustainability

Operating margin: Limited
Total-asset coverage ratio: Limited
Liabilities to assets ratio: 0; rating input score 80; 80th percentile among comparable filings
Officer compensation ratio: Limited

Growth

Program expense growth: -22.6% per year; rating input score 0; 5th percentile among comparable filings
Revenue growth: -16.1% per year; rating input score 0; 4th percentile among comparable filings
Asset growth: -0.5% per year; rating input score 0; 23rd percentile among comparable filings

Details

Where the money goes: 0% of revenue deployed
Governance: 8 of 9 board members independent · 6 of 9 filing controls reported
Programs: 1 filed program accomplishment
Leadership: top reported pay $1.1M · 12 people listed · 0 of 6 pay-setting controls reported
Consistency: 13 of 14 current checks pass · 1 finding to review
Schedules: 5 filed schedules · includes executive pay and related organizations
Filing history: 16 filing years from 2009 to 2024
Contacts: How to reach this organization
Related organizations: 377 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 — Transparency & Controls: Pay-setting controls scored 0/100.
Review — Accountability: Governance controls: 3 of 9 not reported.
High — Growth: Program expense growth scored 0/100.
High — Growth: Revenue growth scored 0/100.
Moderate — Transparency & Controls: Series program expenses within total did not reconcile in the filed values.
High — Growth: Asset growth scored 0/100.