Sacred Heart Foundation

What it reported doing in 2024

The filing organization is a part of the ascension catholic health ministry. Ascension is a faith-based healthcare organization that delivers personalized, compassionate care to all, especially to those who need it the most. Philanthropy is at the heart of ascension sacred heart. For more than 100 years, we have answered god's call to bring health, healing, and hope to all-serving patients and families with compassion, clinical excellence, and an unwavering commitment to those most in need. Founded through the generosity of our community, philanthropy continues to be the driving force behind our mission-advancing lifesaving programs, expanding access to care, and investing in technologies that change lives. When you give to the ascension sacred heart foundation, 100% of your gift goes directly to the programs and services you choose-impacting patients and families at every stage of life. From the smallest newborn to the most complex surgical case, your generosity ensures that high-quality, faith-based care remains close to home, for all who need it. Keeping care close to home in pensacola thanks to donor support, ascension sacred heart pensacola is a leader in highly specialized care, delivering healing close to home when patients and their families need it most. Your gifts help sustain the region's only perinatal specialty unit for high-risk pregnancies, the sacred heart cancer center, and our renowned neurosurgery program-all essential resources for patients facing some of life's most serious health challenges. Donor contributions also nurture our maternal health program, supporting moms today and giving their children the healthiest start to tomorrow. Through our beloved facility dog program, philanthropy brings emotional healing too-where specially trained dogs provide comfort and encouragement to patients of all ages in their most vulnerable moments. Investing in every child, every future at the heart of our mission is the studer family children's hospital, the region's only pediatric hospital and a critical lifeline for families across the gulf coast. Since opening in 2019, this 155-bed hospital and its team of more than 120 pediatric specialists provide care across 30+ specialties-including nicu, picu, pediatric cancer, surgery, and rehabilitation. Philanthropy has powered signature additions like the bear family foundation pediatric oncology center for hope and a dedicated pediatric operating suite. Every day, more than 150 children receive care-with over half of them being uninsured or underinsured. Because of you, no child is turned away, and every child receives the best possible care. Serving the emerald coast through every journey at sacred heart emerald coast in miramar beach, philanthropy supports patients through every health journey-from childbirth and nicu stays to heart disease, cancer, and urgent emergencies. Donor generosity provides access to the latest diagnostic imaging, life-saving treatment options, and compassionate care that helps families navigate even their hardest days. Your support ensures that patients in okaloosa and walton counties receive the same level of advanced care found in larger cities-without ever leaving home. Building on 75 years of faithful care in bay county for 75 years, ascension sacred heart bay in panama city has remained steadfast in its mission-serving all persons with special attention to those who are poor and vulnerable. Across five names and countless changes, one truth has never wavered: our care comes from the heart. Today, donor support brings the latest cardiovascular treatments for afib, including pulse-field ablation and the watchman device, a primary stroke center with neurothrombectomy capabilities, and robotic surgical options for minimally invasive cancer treatment. A dedicated women's diagnostic center and ongoing oncology expansions ensure comprehensive care is available on one campus, for every patient and every need. Expanding life-saving access in gulf co

Financial Efficiency

• Mission deployment rate: 100%; rating input score 100
• Program expense ratio: 88.4%; rating input score 88
• Fundraising efficiency: $4.48 raised per $1 spent on fundraising; rating input score 15; 15th percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
• Pay-setting controls: 0 of 6 controls in place; rating input score 0
  • Compensation committee: Missing
  • Independent consultant: Missing
  • Other Form 990s reviewed: Missing
  • Written employment contract: Missing
  • Compensation survey or study: Missing
  • Board or committee approval: Missing
• 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: Yes; rating input score 100

Accountability

• Independent voting board: 94.1%; rating input score 94; 24th percentile among comparable filings
• 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: Fail
  • Other executive compensation review process: Fail
  • Form 990 shared with the board: Fail
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: -72%; rating input score 1; 1st percentile among comparable filings
• Total-asset coverage ratio: 2.51; rating input score 69; 69th percentile among comparable filings
• Liabilities to assets ratio: 0.02; rating input score 82; 82nd percentile among comparable filings
• Officer compensation ratio: 4.9%; rating input score 54; 54th percentile among comparable filings

Growth

• Program expense growth: 7.2% per year; rating input score 100; 52nd percentile among comparable filings
• Revenue growth: 1.1% per year; rating input score 100; 16th percentile among comparable filings
• Asset growth: 4.7% per year; rating input score 100; 33rd percentile among comparable filings