Riverside Healthcare Foundation Inc
Nonprofit profile at a glance
- EIN
- 521241989
- IRS 990 coverage
- 2008–2008
- Forms available
- Form 990 2008
- Location
- Newport News, VA, USA
- Phone
- 7578757838
- Rating confidence
- Limited
- Sector
- Community Health Systems
Reported finances
- Revenue
- $-16,696,079
- Expenses
- $4,684,711
- Assets
- $310,561,623
- Liabilities
- $8,350,609
Source: IRS Form 990. Selected filing: tax year 2008. Amounts in USD.
Leadership & pay
8 people listed
Source: IRS Form 990. Selected filing: tax year 2008. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Empower caring people to save lives, to improve health, and to enhance well being.
What it reported doing in 2008
Funds raised and used for the benefit of affiliated hospitals and other healthcare organizations
Operating model
- Revenue model
- Investment-supported. 99% 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
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 91
- Accountability: 67
- Sustainability: NotEnoughData
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100
- Pay-setting controls: 5 of 6 controls in place; rating input score 83
- Compensation committee: Pass
- Independent consultant: Pass
- Other Form 990s reviewed: Missing
- Written employment contract: Pass
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 66.7%; rating input score 67
- 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: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: Limited
- Total-asset coverage ratio: Limited
- Liabilities to assets ratio: Limited
- Officer compensation ratio: Limited
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 4 of 6 board members independent · 6 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $3.7M in reported program spending
- Leadership: top reported pay $987K · 8 people listed · 5 of 6 pay-setting controls reported
- Highest-paid contractors: 1 contractor listed
- Consistency: 21 of 21 current checks pass
- Schedules: 7 filed schedules · includes major donors, grants, and executive pay
- Money network: 3 filed money-flow records
- Related organizations: 25 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.
- Review — Accountability: Governance controls: 2 of 8 not reported.