Rambam Health Corporation

Nonprofit profile at a glance

EIN
300078108
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Haifa, Haifa, IS
Rating
64
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Hospitals and Related Primary Medical Care Facilities

Reported finances

Revenue
$201,471,180
Expenses
$201,435,290
Assets
$64,505,671
Liabilities
$60,977,840

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

Leadership & pay

15 people listed

Executive titles in this filing

  • Dr Avi Weissman (CEO)

Highest reported compensation

  • Oved Cohen: $507,906 total reported compensation
  • Gil Sviri: $420,996 total reported compensation
  • blan salam: $374,960 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 fund is involved in research in the medical field, promoting and development in the medical science in variety of fields, as well as, provide service to medical projects for the benefit of the Rambam Hospital as well as the general public.The Fund is an organization actively involved in providing medical care in conjunction with the Rambam. Medical Center. The Rambam Medical Center is one of ten public hospitals owned and run by the government of the State of Israel. The Rambam Medical Center (the "Hospital") and the other nine governmental hospitals are under the strict supervision of the Ministry of Health of the State of Israel, as such, the Hospital's budget is closely controlled by the Ministry of Health as it is difficult and time consuming for the Hospital to obtain authorization to make additional expenditures and provide additional services to the community because of the very tight budget constraints of the State of Israel.The Fund obtains most of its support from supplyi

What it reported doing in 2024

The fund for research provide clinical and consulting services to the general Israeli governmental hospital rambam in Haifa, Israel. these services are provided by the staff of the fund. in addition The fund for research receives donations from a variety of entities in Israel and the US. The donations serve different wards in the hospital such as: Oncology, Intensive Care, Aids Testing, Children's Wing, etc.Some donations are restricted to specific requests made by the donor. Some are earmarked to be used by the discretion of the head of a ward or the fund management. These donations are used for such things as acquisition of medical equipment, leasehold improvements, salaries and other expenses. In addition, donations are also used for research and development in the different medical fields, and for the betterment of basic patient care. Research grants have been awarded by a variety of organizations and entities in Israel and the US. The grants received are used in medical research in a variety of fields such as nephrology, hematology, cardiology, pathology, neurology, immunology and the liver department among others.It is among other missions of the fund to initiate, advance and support clinical and practical laboratory research in all medical fields, as well as develop and provide medical services for the benefit of the patient and the general public in Israel.

Operating model

Revenue model
Earned-program. 85% of the money available for current operations came from fees and other program revenue.
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.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and program spending has grown recently. A relatively small share of voting board members are independent and the filing reports few safeguards for money sent abroad.

Rating breakdown

  • Financial Efficiency: 84
  • Transparency & Controls: 44
  • Accountability: 55
  • Sustainability: 27
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 94.8%; rating input score 95
  • Program expense ratio: 94.8%; rating input score 95
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 90.9%; rating input score 91; 6th 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: Pass
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Scored; rating input score 0
  • Grant itemization coverage: Scored; rating input score 0
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: No; rating input score 0

Accountability

  • Independent voting board: 33.3%; rating input score 33; 10th percentile among comparable filings
  • Governance controls: 6 of 7 controls in place; rating input score 86
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 0%; rating input score 30; 30th percentile among comparable filings
  • Total-asset coverage ratio: 0.32; rating input score 11; 11th percentile among comparable filings
  • Liabilities to assets ratio: 0.95; rating input score 9; 9th percentile among comparable filings
  • Officer compensation ratio: 1%; rating input score 75; 75th percentile among comparable filings

Growth

  • Program expense growth: 5.9% per year; rating input score 100; 48th percentile among comparable filings
  • Revenue growth: 6.5% per year; rating input score 100; 56th percentile among comparable filings
  • Asset growth: 7.5% per year; rating input score 100; 55th percentile among comparable filings

Details

  • Where the money goes: 94.8% of revenue deployed · 94.8% of spending went to programs
  • Governance: 2 of 6 board members independent · 6 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $191M in reported program spending
  • Leadership: top reported pay $508K · 15 people listed · 1 of 6 pay-setting controls reported
  • Consistency: 18 of 19 current checks pass · 1 finding to review
  • Schedules: 7 filed schedules · includes major donors, foreign activity, executive pay, and related organizations
  • Filing history: 13 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 5 filed money-flow records
  • Related organizations: 1 filed related-organization link
  • 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 — Accountability: Independent voting board scored 33/100.
  • High — Transparency & Controls: Foreign activity oversight scored 0/100.
  • High — Transparency & Controls: Grant itemization coverage scored 0/100.
  • Moderate — Sustainability: Operating margin scored 30/100.
  • High — Sustainability: Total-asset coverage ratio scored 11/100.
  • High — Transparency & Controls: Related-party transparency scored 0/100.
  • Review — Accountability: Governance controls: Whistleblower policy not reported.
  • Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
  • High — Sustainability: Liabilities to assets ratio scored 9/100.