RHI Foundation Inc

Nonprofit profile at a glance

EIN
351932349
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Indianapolis, IN, USA
Phone
3173292000
Rating
72
Verdict
SUPPORTED
Rating confidence
Standard
Sector
Public Foundations

Official website

Reported finances

Revenue
$830,663
Expenses
$632,709
Assets
$761,763
Liabilities
$45,752

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

Leadership & pay

16 people listed

Executive titles in this filing

  • MINDI H FOX (EXECUTIVE DIRECTOR (until March 2024))
  • Norma unser (Executive director (from June 2024))

Highest reported compensation

  • DANIEL B WOLOSZYN (BOARD MEMBER (until August 2024)): $599,318 total reported compensation
  • MONTE M SPENCE (board member): $352,635 total reported compensation
  • MINDI H FOX (EXECUTIVE DIRECTOR (until March 2024)): $68,855 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 RHI Foundation exists to identify and secure non-operational sources of public and private funding for cutting-edge medical research, other operational resources and programming, and facilities and equipment that further the mission of the Rehabilitation Hospital of Indiana. (CONTINUED ON SCHEDULE O)

What it reported doing in 2024

BRAIN INJURY RESEARCH: This project seeks to study a reentry program, Reentry Continuum for Brain Injury (RCBI), to address the needs of offenders with traumatic brain injury (TBI). RCBI is a multi-faceted program that evolved from three different reentry treatment programs for offenders with TBI. RCBI consists of a cognitive-behavioral therapy for TBI patients, an education and resource facilitation component, and a therapy specifically designed to address the anger and aggression issues that are often prevalent among offenders who have experienced TBI. To study RCBI, the research team will identify approximately 102 offenders with TBI, six months before release from Putnamville Correctional Facility (PCF). These offenders will be randomized into RCBI or regular reentry services. Intervention outcomes will be assessed using Indiana DOC administrative data on rearrests and technical violations at one-, two-, and three-year intervals. Participants will also be assessed based on reentry outcomes, such as employment, as well as aggressive thoughts.

Operating model

Revenue model
Donor-supported. 66% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 81% 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 the filed numbers largely add up. Fundraising costs are high for each dollar raised and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 65
  • Transparency & Controls: 79
  • Accountability: 95
  • Sustainability: 58
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 61.8%; rating input score 62
  • Program expense ratio: 80.7%; rating input score 81
  • Fundraising efficiency: $8.98 raised per $1 spent on fundraising; rating input score 34; 34th percentile among comparable filings

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: 100%; rating input score 100; 76th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 91.7%; rating input score 92; 24th percentile among comparable filings
  • Governance controls: 8 of 8 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: 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: 23.8%; rating input score 80; 80th percentile among comparable filings
  • Total-asset coverage ratio: 1.2; rating input score 49; 49th percentile among comparable filings
  • Liabilities to assets ratio: 0.06; rating input score 50; 50th percentile among comparable filings
  • Officer compensation ratio: 38.5%; rating input score 4; 4th percentile among comparable filings

Growth

  • Program expense growth: -1.8% per year; rating input score 0; 13th percentile among comparable filings
  • Revenue growth: -1.7% per year; rating input score 0; 10th percentile among comparable filings
  • Asset growth: -0.3% per year; rating input score 0; 17th percentile among comparable filings

Details

  • Where the money goes: 61.8% of revenue deployed · 80.7% of spending went to programs
  • Governance: 11 of 12 board members independent · 8 of 8 filing controls reported
  • Programs: 3 filed program accomplishments · $510K in reported program spending
  • Leadership: top reported pay $599K · 16 people listed · 1 of 6 pay-setting controls reported
  • Consistency: 26 of 26 current checks pass
  • Schedules: 8 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • Related organizations: 2 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.

  • Moderate — Financial Efficiency: Fundraising efficiency scored 34/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 49/100.
  • High — Sustainability: Officer compensation ratio scored 4/100.
  • Review — Sustainability: Liabilities to assets ratio scored 50/100.