Rockford Health System

Nonprofit profile at a glance

EIN
363197915
IRS 990 coverage
2010–2015
Forms available
Form 990 2015
Location
Rockford, IL, USA
Phone
8159715000
Rating
77
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Group Health Practice (Health Maintenance Organizations)

Official website

Reported finances

Revenue
$2,748,688
Expenses
$3,091,784
Assets
$0
Liabilities
$0

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

Leadership & pay

25 people listed

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

Overview

Mission

Rockford Health System (RHS) is responsible for supporting the entities that comprise the system - Rockford Memorial Hospital (RMH), Rockford Health Physicians (RHPH), the Visiting Nurses Association of the Rockford Area (VNA), and Rockford Memorial Development Foundation (RMDF) - to enable them to fulfill their commitment to the RHS vision with performance excellence, innovation, and lifelong learning.

What it reported doing in 2015

The rhs commitment to support the entities within the system includes collaboration with community partners in both time (staff & volunteers) and money to improve the quality of life. To fulfill the vision, rhs provides support for the visiting nurses association of the rockford area (vna) serving the community with hospice care (13,434 days), elder adult counseling/services (over 3,700), and home health care (11,061 visits) including therapists/aides (4,452 visits) for care that allows people to stay in their own home to recover and recuperate. 118 vna volunteers gave 1,924.5 hours to meet the needs of the elderly. Staff participated in community health/wellness events to bring awareness, education and medical screenings to over 100 events. Rhs also provides support for rockford memorial development foundation (rmdf) which, through fundraising activities, provides resources to enhance all areas of rhs. Rmdf funds are used for special capital projects, assisting vna in hospice and home care, adding comfort and extended care items for rmh and rhph, as well as crisis support and education for employees.

Operating model

Revenue model
Other-operating. 100% of the money available for current operations came from other operating 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 the filed numbers largely add up. A relatively small share of voting board members are independent and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 85
  • Transparency & Controls: 89
  • Accountability: 70
  • Sustainability: 4
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 99.7%; rating input score 100
  • Program expense ratio: 88.7%; rating input score 89
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 4 of 6 controls in place; rating input score 67
    • Compensation committee: Pass
    • Independent consultant: Pass
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 55.6%; rating input score 56; 8th percentile among comparable filings
  • Governance controls: 8 of 9 controls in place; rating input score 89
    • 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: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -12.5%; rating input score 9; 9th percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 0; 0th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 117.4%; rating input score 0; 0th percentile among comparable filings

Growth

  • Program expense growth: -23.6% per year; rating input score 0; 4th percentile among comparable filings
  • Revenue growth: 3.9% per year; rating input score 100; 49th percentile among comparable filings
  • Asset growth: -22.5% per year; rating input score 0; 2nd percentile among comparable filings

Details

  • Where the money goes: 99.7% of revenue deployed · 88.7% of spending went to programs
  • Governance: 5 of 9 board members independent · 8 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $2.7M in reported program spending
  • Leadership: top reported pay $8.4M · 25 people listed · 4 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $2.5M reported
  • Consistency: 26 of 26 current checks pass
  • Schedules: 6 filed schedules · includes executive pay and related organizations
  • Filing history: 6 filing years from 2010 to 2015
  • Contacts: How to reach this organization
  • Money network: 10 filed money-flow records
  • Related organizations: 16 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: Independent voting board scored 56/100.
  • High — Sustainability: Operating margin scored 9/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Accountability: Governance controls: Form 990 shared with the board not reported.
  • High — Sustainability: Officer compensation ratio scored 0/100.