Sherman Health Systems

Nonprofit profile at a glance

EIN
363673380
IRS 990 coverage
2009–2012
Forms available
Form 990 2012
Location
Elgin, IL, USA
Phone
2247838718
Rating confidence
Limited
Sector
Community Health Systems

Official website

Reported finances

Revenue
$10,465,860
Expenses
$5,628,396
Assets
$138,764,043
Liabilities
$12,888,617

Source: IRS Form 990. Selected filing: tax year 2012. Amounts in USD.

Leadership & pay

22 people listed

Source: IRS Form 990. Selected filing: tax year 2012. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Establish and maintain institutions which provide comprehensive health services to meet the health needs of the community surrounding Elgin, IL.

What it reported doing in 2012

Sherman Health Systems (SHS) supports the efforts of its three supported organizations: Sherman Home Health Care Corporation (SHHCC), Sherman West Court (SWC), and Sherman Hospital (SH).SHHCC was organized in 1984 and continues to be operated exclusively to provide quality home health care to the members of the surrounding community. SHHCC's services are provided as a benefit to all patients by relieving disease and suffering in the comfortable and familiar surroundings of home. Availability of services is non-discriminate to all people and includes indigent and destitute patients. In fiscal year 2013, SHHCC provided 12,394 skilled nursing and therapy visits to Medicare patients in addition to 4,865 similar type visits to non-Medicare patients. Home Medical Equipment was provided to some of those patients in 1,786 encounters. SHHCC's patient service fees are used solely to provide or support the provision of health care.SWC is a not-for-profit organization which specializes in rehabilitation and long-term care in the Fox Valley area. SWC focuses on bringing people back to the community with their previous level of function. SWC treats people in the workforce as well as the elderly population, and its services are open to all members of the community. During fiscal year 2013, SWC provided 26,315 total patient days of care. This includes 12,221 patient days to Medicare patients, 10,959 days to skilled care patients, and 3,135 days to Medicaid patients. SWC also provided in excess of $23,468 in charity care to individuals who have no means of paying for healthcare services. SWC provides community services to educate the elderly population on well-being.SHF was established in 2004 as the official fundraising and gift receiving arm of SHS. The Foundation encourages and receives contributions that are used to enhance the delivery of high quality, comprehensive healthcare services for those who live and work in the communities served by SHS. The Foundation accomplishes this through fundraising events, such as Music by the Water, and programs, such as the Seeds of Healing and Hope, which was established by the Foundation as a way for patients and family to show their thanks and appreciation by making a donation for the care provided by SHS.SH was founded in 1887 as a community hospital. Today, the hospital is a recognized regional heart center for the far northwest suburbs of Chicago. In 1972, when the first open-heart surgery was performed at its facility, the hospital became one of the first community hospitals in the nation performing open-heart surgery. SH has received numerous awards and recognition for excellence in quality, including Magnet designation for nursing excellence as well as a silver Illinois Performance Excellence award, which is the State of Illinois' equivalent of the national Baldrige Performance Excellence award. SH also received certification and accreditation of its Chest Pain clinic, Breast Center, and for Stroke care. SH completed the implementation of the Computerized Physician Order Entry (CPOE) system and met the criteria for Meaningful Use requirements ahead of the prescribed timelines set forth by the federal government.

Operating model

Revenue model
Earned-program. 61% of the money available for current operations came from fees and other program revenue.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 39
  • Accountability: 83
  • Sustainability: 87
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 59th 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: Scored; rating input score 0
  • Grant itemization coverage: Scored; rating input score 0
  • Major donor itemization: Limited
  • Related-party transparency: Scored; rating input score 0

Accountability

  • Independent voting board: 86.7%; rating input score 87; 22nd 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: 46.2%; rating input score 96; 96th percentile among comparable filings
  • Total-asset coverage ratio: 24.65; rating input score 98; 98th percentile among comparable filings
  • Liabilities to assets ratio: 0.09; rating input score 84; 84th percentile among comparable filings
  • Officer compensation ratio: 6.3%; rating input score 27; 27th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 7.1% per year; rating input score 100; 68th percentile among comparable filings
  • Asset growth: 10.5% per year; rating input score 100; 76th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 13 of 15 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $5.6M in reported program spending
  • Leadership: top reported pay $829K · 22 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 23 of 23 current checks pass
  • Schedules: 6 filed schedules · includes foreign activity, executive pay, and related organizations
  • Filing history: 4 filing years from 2009 to 2012
  • 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 — Transparency & Controls: Pay-setting controls scored 0/100.
  • High — Transparency & Controls: Foreign activity oversight scored 0/100.
  • High — Transparency & Controls: Grant itemization coverage scored 0/100.
  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • High — Transparency & Controls: Related-party transparency scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 27/100.