Saint Francis Healthcare Real Estate

Nonprofit profile at a glance

EIN
861891046
IRS 990 coverage
2022–2024
Forms available
Form 990 2024, Form 990-EZ 2021
Location
Cape Girardeau, MO, USA
Phone
5733313000
Rating
82
Verdict
STRONG
Rating confidence
Moderate
Sector
Single Organization Support

Official website

Reported finances

Revenue
$25,054,714
Expenses
$29,743,377
Assets
$201,849,716
Liabilities
$6,801,065

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

Leadership & pay

3 people listed

Executive titles in this filing

  • JUSTIN DAVISON (PRESIDENT & CEO)

Highest reported compensation

  • JUSTIN DAVISON (PRESIDENT & CEO): $1,065,787 total reported compensation
  • SUSAN TOMLIN (SECRETARY): $5,341 total reported compensation

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

Overview

Mission

Saint francis healthcare real estate (the organization) is organized and will be operated for the purpose of owning and maintaining real property that is used by saint francis healthcare system (a related not-for-profit corporation) and its non-profit affiliates in furtherance of their nonprofit, tax-exempt, religious, and charitable purposes including all manner of activities the objectives of which shall be the promotion of health, the provision of relief to the poor, distressed and underprivileged, the advancement of education and science, the lessening of the burdens of government and the promotion of the social welfare through accomplishment of the foregoing in the healthcare field.

What it reported doing in 2024

Saint francis healthcare real estate (the organization) is organized and will be operated for the purpose of owning and maintaining real property that is used by saint francis healthcare system (a related not-for-profit corporation) and its non-profit affiliates in furtherance of thier nonprofit, tax-exempt, religious, and charitable purposes including all manner of activities the objectives of which shall be the promotion of health, the provision of relief to the poor, distressed and underprivileged, the advancement of education and science, the lessening of the burdens of government and the promotion of the social welfare through accomplishment of the foregoing in the healthcare field.

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

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 89
  • Transparency & Controls: 66
  • Accountability: 95
  • Sustainability: 49
  • Growth: 100

Detailed rating inputs

Financial Efficiency

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

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: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 66th 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: -18.7%; rating input score 5; 5th percentile among comparable filings
  • Total-asset coverage ratio: 6.79; rating input score 88; 88th percentile among comparable filings
  • Liabilities to assets ratio: 0.03; rating input score 86; 86th percentile among comparable filings
  • Officer compensation ratio: 0.1%; rating input score 92; 92nd percentile among comparable filings

Growth

  • Program expense growth: 3.5% per year; rating input score 100; 30th percentile among comparable filings
  • Revenue growth: 42.3% per year; rating input score 100; 98th percentile among comparable filings
  • Asset growth: 38.4% per year; rating input score 100; 98th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 100% of spending went to programs
  • Governance: 2 of 2 board members independent · 8 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $29.7M in reported program spending
  • Leadership: top reported pay $1.1M · 3 people listed · 1 of 6 pay-setting controls reported
  • Highest-paid contractors: 2 contractors listed · $1.4M reported
  • Consistency: 19 of 19 current checks pass
  • Schedules: 5 filed schedules · includes executive pay
  • Filing history: 3 filing years from 2022 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 9 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 — Sustainability: Operating margin scored 5/100.
  • Review — Accountability: Governance controls: Form 990 shared with the board not reported.