Sanford Health Foundation Hillsboro
Nonprofit profile at a glance
- EIN
- 363542187
- IRS 990 coverage
- 2009–2019
- Forms available
- Form 990 2019
- Location
- Sioux Falls, SD, USA
- Phone
- 7012342000
- Rating
- 38
- Verdict
- REVIEW
- Rating confidence
- Standard
- Sector
- Private Grantmaking Foundations
Reported finances
- Revenue
- $154,606
- Expenses
- $31,599
- Assets
- $1,879,420
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2019. Amounts in USD.
Leadership & pay
18 people listed
Executive titles in this filing
- Kelby K Krabbenhoft (Sanford President & CEO)
- Kelby K Krabbenhoft Def Comp (Sanford President & CEO)
- Bobbie Tibbetts (President, Foundation)
Highest reported compensation
- Kelby K Krabbenhoft (Sanford President & CEO): $3,102,479 total reported compensation
- JoAnn L Kunkel (Chief Financial Officer): $1,468,655 total reported compensation
- Micah Aberson (Executive VP, Sanford): $1,187,448 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2019. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Sanford Health Foundation Hillsboro exists to encourage philanthropy in support of Sanford Health and other exempt entities associated with Sanford Health in providing health care, medical and educational services as well as supporting research activities and initiatives.
What it reported doing in 2019
The Foundation continues its proud tradition of supporting the local healthcare-related programs, services, and operations of Sanford Health while also seeking regional, national and international support for research and initiatives. Specifically, donations helped support the local Back Pack Program.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Grant intermediary. The nonprofit sent 100% 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 total spending goes to programs.
Rating breakdown
- Financial Efficiency: 4
- Transparency & Controls: 60
- Accountability: 57
- Sustainability: 85
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 1.3%; rating input score 1
- Program expense ratio: 2.7%; rating input score 3
- Fundraising efficiency: $4.67 raised per $1 spent on fundraising; rating input score 20; 20th percentile among comparable filings
Transparency & Controls
- Consistency checks: 93.3%; rating input score 93; 24th 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: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 41.7%; rating input score 42; 14th 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: 79.6%; rating input score 98; 98th percentile among comparable filings
- Total-asset coverage ratio: 59.48; rating input score 99; 99th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 84; 84th percentile among comparable filings
- Officer compensation ratio: 4,616.7%; rating input score 0; 0th percentile among comparable filings
Growth
- Program expense growth: 3.7% per year; rating input score 100; 57th percentile among comparable filings
- Revenue growth: -2.4% per year; rating input score 0; 23rd percentile among comparable filings
- Asset growth: 3.2% per year; rating input score 100; 47th percentile among comparable filings
Details
- Where the money goes: 1.3% of revenue deployed · 2.7% of spending went to programs
- Governance: 5 of 12 board members independent · 7 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $850 in reported program spending
- Leadership: top reported pay $3.1M · 18 people listed · 0 of 6 pay-setting controls reported
- Consistency: 23 of 24 current checks pass · 1 finding to review
- Schedules: 6 filed schedules · includes executive pay
- Filing history: 10 filing years from 2009 to 2019
- Contacts: How to reach this organization
- Related organizations: 90 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 1/100.
- High — Financial Efficiency: Program expense ratio scored 3/100.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- Moderate — Accountability: Independent voting board scored 42/100.
- High — Financial Efficiency: Fundraising efficiency scored 20/100.
- High — Growth: Revenue growth 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.