Roper St Francis Foundation

Nonprofit profile at a glance

EIN
571068509
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Charleston, SC, USA
Phone
8437242958
Rating
65
Verdict
SUPPORTED
Rating confidence
Standard
Sector
Health, General and Financing

Official website

Reported finances

Revenue
$16,479,841
Expenses
$9,499,725
Assets
$48,380,643
Liabilities
$1,697,837

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

Leadership & pay

42 people listed

Executive titles in this filing

  • Megan Baker MD (Board Member (End 08/24), Interim President RSF Foundation (Beg 10/24))
  • Joseph DeLeon (Board Member, RSFH President/CEO (Beg 08/24))
  • Matthew Desmond (Board Member, RSFH Chief Transformation Officer & President - BSSF/MPH)
  • Troy Powell (Board Member, Regional President - RH/BH & VP Continuing Care)
  • Stacy Waters (Secretary, VP & President RSF Foundation (End 10/24))

Highest reported compensation

  • Megan Baker MD (Board Member (End 08/24), Interim President RSF Foundation (Beg 10/24)): $980,327 total reported compensation
  • Marissa Blair Jamarik PhD (Board Member, RSFH SVP & Chief Nursing Officer): $767,709 total reported compensation
  • Stanley Wilson MD (Board Member, RSFH AVP CMO - Quality & Cont Care): $659,638 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 Roper St. Francis Foundation's mission is to advance the Roper St. Francis Healthcare mission of healing all people with compassion, faith and excellence through philanthropy.

What it reported doing in 2024

The Roper St. Francis Foundation supports the health and well-being of the coastal South Carolina counties served by Roper St. Francis Healthcare by securing philanthropic support for the System's priority capital and programmatic initiatives. The foundation is charged with identifying, securing, and managing financial resources to support facility projects and healthcare services for the system's four hospitals as well as additional facilities located across Lowcountry. In 2024, the Foundation raised $11.5 million to advance the non-profit System's mission.

Operating model

Revenue model
Donor-supported. 87% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 42
  • Transparency & Controls: 79
  • Accountability: 87
  • Sustainability: 79
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 43.3%; rating input score 43
  • Program expense ratio: 46.8%; rating input score 47
  • Fundraising efficiency: $5 raised per $1 spent on fundraising; rating input score 20; 20th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd 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; 72nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 85.3%; rating input score 85; 18th 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: 42.4%; rating input score 92; 92nd percentile among comparable filings
  • Total-asset coverage ratio: 5.09; rating input score 85; 85th percentile among comparable filings
  • Liabilities to assets ratio: 0.04; rating input score 86; 86th percentile among comparable filings
  • Officer compensation ratio: 20.8%; rating input score 4; 4th percentile among comparable filings

Growth

  • Program expense growth: -2.3% per year; rating input score 0; 6th percentile among comparable filings
  • Revenue growth: 3.7% per year; rating input score 100; 31st percentile among comparable filings
  • Asset growth: 3.4% per year; rating input score 100; 25th percentile among comparable filings

Details

  • Where the money goes: 43.3% of revenue deployed · 46.8% of spending went to programs
  • Governance: 29 of 34 board members independent · 8 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $4.4M in reported program spending
  • Leadership: top reported pay $980K · 42 people listed · 1 of 6 pay-setting controls reported
  • Consistency: 34 of 34 current checks pass
  • Schedules: 9 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: 15 filed money-flow records
  • Related organizations: 129 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: Mission deployment rate scored 43/100.
  • Moderate — Financial Efficiency: Program expense ratio scored 47/100.
  • High — Financial Efficiency: Fundraising efficiency scored 20/100.
  • High — Growth: Program expense growth scored 0/100.
  • Review — Accountability: Governance controls: Form 990 shared with the board not reported.
  • High — Sustainability: Officer compensation ratio scored 4/100.