Robert W Woodruff Health Sciences Center Fund Inc

Nonprofit profile at a glance

EIN
582229271
IRS 990 coverage
2019–2024
Forms available
Form 990 2024
Location
Atlanta, GA, USA
Phone
4045226755
Rating
87
Verdict
STRONG
Rating confidence
Moderate
Sector
Single Organization Support

Reported finances

Revenue
$147,536,895
Expenses
$67,930,180
Assets
$1,294,856,818
Liabilities
$1,974

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

Leadership & pay

9 people listed

Executive titles in this filing

  • P RUSSELL HARDIN (PRESIDENT - RETIRED 1/31/2025)
  • ERIK S JOHNSON (PRESIDENT - ELECTED 2/1/2025)

Highest reported compensation

  • P RUSSELL HARDIN (PRESIDENT - RETIRED 1/31/2025): $106,652 total reported compensation
  • ERIK S JOHNSON (PRESIDENT - ELECTED 2/1/2025): $48,335 total reported compensation
  • ELI P NIEPOKY (TREASURER): $43,107 total reported compensation

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

Overview

Mission

To make grants and provide support benefitting Emory University's Robert W. Woodruff Health Sciences institutions, which includes Emory's schools of medicine, nursing, and public health and its medical research laboratories and hospitals.

What it reported doing in 2024

More than half of the annual funding distributed by the Woodruff Fund was designated to support the programs and facilities of the Winship Cancer Institute at Emory University. Winship is Georgia's only NCI-designated comprehensive cancer center. Woodruff Fund grants were used to recruit and retain faculty for dual appointments at Emory's medical school and the Winship Cancer Institute and to fund significant faculty research projects in cancer prevention, detection and treatment. More than one-third of the funds dedicated to support programs were used to support Winship's clinical trials program. Other significant allocations of program funds were made for information technology and data management, support of Winship's biostatistics and bioinformatics programs, and for supporting Winship's administration, shared resources, and its NCI cancer center support grant. Almost half of the distributions to Winship are allocated to pay for facilities.In March 2024, the Woodruff Fund made a multi-year commitment to fund an extraordinary effort to grow Winship with a focus on improving the patient experience and better aligning research programs with patient care. Consistent with that commitment, the Woodruff Fund agreed to redesignate to the "Bigger, Better Winship" plan some funds previously paid to support Woodruff Health Sciences facilities and to increase distributions from the Woodruff Fund to Emory in future fiscal years. Accomplishments from this investment include hiring new clinical and research faculty, hiring patient navigators to support patient experience, increased digitization of pathology services and reduced patient wait and trial activation times.

Operating model

Revenue model
Investment-supported. 100% of the money available for current operations came from recurring investment income.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.

The verdict

STRONG - 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: 88
  • Transparency & Controls: 93
  • Accountability: 91
  • Sustainability: 96
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 98.4%; rating input score 98
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 77th percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 77th percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • 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: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 54%; rating input score 97; 97th percentile among comparable filings
  • Total-asset coverage ratio: 19.06; rating input score 96; 96th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 98; 98th percentile among comparable filings
  • Officer compensation ratio: 0.3%; rating input score 87; 87th percentile among comparable filings

Growth

  • Program expense growth: -22.5% per year; rating input score 0; 1st percentile among comparable filings
  • Revenue growth: -2.7% per year; rating input score 0; 2nd percentile among comparable filings
  • Asset growth: 3% per year; rating input score 100; 21st percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 98.4% of spending went to programs
  • Governance: 5 of 5 board members independent · 7 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $66.8M in reported program spending
  • Leadership: top reported pay $107K · 9 people listed
  • Highest-paid contractors: 2 contractors listed · $880K reported
  • Consistency: 31 of 31 current checks pass
  • Schedules: 5 filed schedules · includes grants
  • Filing history: 6 filing years from 2019 to 2024
  • Contacts: How to reach this organization
  • Money network: 11 filed money-flow records
  • Related organizations: 3 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 — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.