Riverside Health Center

Nonprofit profile at a glance

EIN
541904342
IRS 990 coverage
2014–2015
Forms available
Form 990 2015
Location
Covington, VA, USA
Phone
5409621660
Rating
76
Verdict
SUPPORTED
Rating confidence
Standard
Sector
Ambulatory Health Center, Community Clinic

Reported finances

Revenue
$581,130
Expenses
$626,104
Assets
$567,859
Liabilities
$262,838

Source: IRS Form 990. Selected filing: tax year 2015. Amounts in USD.

Leadership & pay

15 people listed

Executive titles in this filing

  • SHERYL WALTERS (EXECUTIVE DIRECTOR)
  • LUANNE OSBORNE (EXECUTIVE DIRECTOR)
  • CHARLOTTE WILLIAMSON (PRESIDENT)
  • WILLIAM HARTSFIELD (VICE-PRESIDENT)

Highest reported compensation

  • LISA K SALYARDS (PHYSICIAN ASSISTANT): $116,781 total reported compensation
  • SHERYL WALTERS (EXECUTIVE DIRECTOR): $48,461 total reported compensation
  • LUANNE OSBORNE (EXECUTIVE DIRECTOR): $44,345 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2015. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Provide medical and pharmaceutical

What it reported doing in 2015

Pharmaceutical services provided through dispensation of sample medications (82), reduced rate prescriptions (339), and indigent program (free) medications (279) also received, managed, consumed or otherwise disbursed 12,651 units of medications, vaccines and supplies

Operating model

Revenue model
Donor-supported. 95% 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

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 84
  • Transparency & Controls: 74
  • Accountability: 95
  • Sustainability: 24
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 89.8%; rating input score 90
  • Program expense ratio: 83.3%; rating input score 83
  • Fundraising efficiency: $18.57 raised per $1 spent on fundraising; rating input score 61; 61st 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: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 7 of 8 controls in place; rating input score 88
    • 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: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -7.7%; rating input score 18; 18th percentile among comparable filings
  • Total-asset coverage ratio: 0.91; rating input score 44; 44th percentile among comparable filings
  • Liabilities to assets ratio: 0.46; rating input score 22; 22nd percentile among comparable filings
  • Officer compensation ratio: 33.5%; rating input score 4; 4th percentile among comparable filings

Growth

  • Program expense growth: -69.9% per year; rating input score 0; 1st percentile among comparable filings
  • Revenue growth: -67.2% per year; rating input score 0; 0th percentile among comparable filings
  • Asset growth: -20.5% per year; rating input score 0; 4th percentile among comparable filings

Details

  • Where the money goes: 89.8% of revenue deployed · 83.3% of spending went to programs
  • Governance: 10 of 10 board members independent · 7 of 8 filing controls reported
  • Programs: 2 filed program accomplishments · $522K in reported program spending
  • Leadership: top reported pay $117K · 15 people listed · 1 of 6 pay-setting controls reported
  • Consistency: 28 of 28 current checks pass
  • Schedules: 6 filed schedules · includes major donors and executive pay
  • Filing history: 2 filing years from 2014 to 2015
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • 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 — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Operating margin scored 18/100.
  • Review — Accountability: Governance controls: Form 990 shared with the board not reported.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 44/100.
  • High — Sustainability: Officer compensation ratio scored 4/100.
  • High — Sustainability: Liabilities to assets ratio scored 22/100.