Saint Francis Foundation
Nonprofit profile at a glance
- EIN
- 922443296
- IRS 990 coverage
- 2024–2024
- Forms available
- Form 990 2024, Form 990-EZ 2023, Form 990-N 2022
- Location
- Tulsa, OK, USA
- Phone
- 9184948418
- Rating
- 37
- Verdict
- REVIEW
- Rating confidence
- Moderate
- Sector
- Private Grantmaking Foundations
Reported finances
- Revenue
- $5,290,427
- Expenses
- $2,568
- Assets
- $5,287,650
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- BARRY L STEICHEN (VICE PRESIDENT/COO)
- CLIFF A ROBERTSON MD (PRESIDENT/CEO/DIRECTOR)
Highest reported compensation
- CLIFF A ROBERTSON MD (PRESIDENT/CEO/DIRECTOR): $2,411,088 total reported compensation
- BARRY L STEICHEN (VICE PRESIDENT/COO): $1,554,280 total reported compensation
- DEBORAH DAGE (TREASURER/CFO): $1,072,326 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 Saint Francis Foundation will conduct educational activities in support of the charitable mission of Saint Francis Hospital and will make grants to public charities for charitable and educational purposes.
What it reported doing in 2024
The Saint Francis Foundation, doing business as the Saint Francis Charitable Fund, was organized to support the charitable mission of Saint Francis Hospital and related community health initiatives. The organization receives charitable contributions and provides grants to qualified public charities and programs that advance charitable, educational, and religious purposes, including programs supporting healthcare services and community benefit activities. No grants or other program distributions were made. During the year the organization accumulated contributions and evaluated future grant opportunities. The organization evaluates potential funding opportunities and intends to provide financial support to qualified charitable programs consistent with its mission.
Operating model
- Revenue model
- Donor-supported. 98% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 98% of its reported program spending out as grants.
The verdict
REVIEW - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and a relatively small share of voting board members are independent.
Rating breakdown
- Financial Efficiency: 11
- Transparency & Controls: 64
- Accountability: 32
- Sustainability: 88
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 0%; rating input score 0
- Program expense ratio: 33.4%; rating input score 33
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 90.9%; rating input score 91; 5th 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: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 0%; rating input score 0; 3rd 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: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 100%; rating input score 100; 100th percentile among comparable filings
- Total-asset coverage ratio: 2,059.05; rating input score 100; 100th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 97; 97th percentile among comparable filings
- Officer compensation ratio: 23,843.9%; rating input score 0; 0th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 200% per year; rating input score 100; 100th percentile among comparable filings
- Asset growth: 200% per year; rating input score 100; 100th percentile among comparable filings
Details
- Where the money goes: 0% of revenue deployed · 33.4% of spending went to programs
- Governance: 0 of 3 board members independent · 7 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $857 in reported program spending
- Leadership: top reported pay $2.4M · 3 people listed · 0 of 6 pay-setting controls reported
- Consistency: 18 of 19 current checks pass · 1 finding to review
- Schedules: 6 filed schedules · includes major donors and executive pay
- Contacts: How to reach this organization
- Related organizations: 18 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 — Financial Efficiency: Mission deployment rate scored 0/100.
- High — Accountability: Independent voting board scored 0/100.
- Moderate — Financial Efficiency: Program expense ratio scored 33/100.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- Review — Accountability: Governance controls: 2 of 9 not reported.
- Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
- High — Sustainability: Officer compensation ratio scored 0/100.