Somc Development Foundation
Nonprofit profile at a glance
- EIN
- 310677520
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024, Form 990-T 2022
- Location
- Portsmouth, OH, USA
- Phone
- 7403567622
- Rating
- 67
- Verdict
- SUPPORTED
- Rating confidence
- Standard
- Sector
- Single Organization Support
Reported finances
- Revenue
- $1,064,212
- Expenses
- $177,571
- Assets
- $8,286,006
- Liabilities
- $94,123
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
16 people listed
Executive titles in this filing
- RANDAL ARNETT (DIRECTOR-RETIRED PRES&CEO-SOMC)
- BENJAMIN L GILL (DIRECTOR-PRESIDENT & CEO-SOMC)
Highest reported compensation
- BENJAMIN L GILL (DIRECTOR-PRESIDENT & CEO-SOMC): $828,053 total reported compensation
- DR VINCENT SCARPINATO MD (DIRECTOR-PHYSICIAN): $758,250 total reported compensation
- KARA PLUMMER (VP OF FINANCE & CFO): $437,283 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Our mission is to make a difference by identifying the community's health and wellness needs while bridging the gap between those needs and the cost of the solutions. The somc development foundation encompasses fundraising efforts for hospice, cancer, employee relief, heart & vascular, pediatrics, community health and wellness, the endowment fund and the areas of greatest need. These funds generate much needed support and enable somc to continually deliver extraordinary care for future generations to come. We consider it our responsibility to serve our community, and we take pride in doing so.
What it reported doing in 2024
What we do: the fundraising efforts of the somc development foundation are to help support health initiatives at southern Ohio medical center. Support ranges from the purchase of new equipment, upgrades in technology, and enhancing facilities as well as other projects that enable somc to respond to needs as they arise.we're here to make a difference in our community by enhancing healthcare services. We provide much needed resources that will help sustain the health care needs of community members.supported projects: cell phone charging station for heart and vascular lobby shawnee Ohio river playground & fitness area recumbent cross trainer bike for cardiac rehab recumbent cross trainer bikes for portsmouth and wheelersburg life centers bicycle racks for lucasville and wheelersburg life centers life vests for heart and vascular patients support of local camp for juvenile diabetes patients, educational bears, travel kits for schools, and books for the somc community health library. Personal hygiene items and toiletry bags for local studentsguilds of somc: the guilds at southern Ohio medical center share a common goal - to support the needs of the patients, as well as the hospital's beneficial programs through fundraising efforts. However, they has still strived to serve in as many ways a possible. The guilds operate to advance the mission of somc. The men and women of somc's guilds are truly extraordinary individuals who make a difference for the somc patients, families and staff of southern Ohio medical center. This year, the support of the guilds allowed somc to purchase items, such as abr hearing system, hemmorrahage cart, eye spot vision scanners , vein probe, oral thermometer, pulseoximeter, disp stethoscope and, wheelchair. They also made donations to the hospice house, maternity, ob, and pediatrics. Somc is supported by a total of six guilds: the hope guild, the kardiaguild, the pediatric guild, the pleasure guild, the scioto guild, and the service guilds of somc with a total of 83 members.revenue from guild activity: $75,824donations made: $64,977
Operating model
- Revenue model
- Donor-supported. 74% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
The verdict
SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence.
Rating breakdown
- Financial Efficiency: 56
- Transparency & Controls: 72
- Accountability: 77
- Sustainability: 83
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 29.4%; rating input score 29
- Program expense ratio: 93.1%; rating input score 93
- Fundraising efficiency: $60.23 raised per $1 spent on fundraising; rating input score 81; 81st percentile among comparable filings
Transparency & Controls
- Consistency checks: 93.3%; rating input score 93; 22nd 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: 99.7%; rating input score 100; 50th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 76.9%; rating input score 77; 17th 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: 83.3%; rating input score 98; 98th percentile among comparable filings
- Total-asset coverage ratio: 46.66; rating input score 99; 99th percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 68; 68th percentile among comparable filings
- Officer compensation ratio: 146.2%; rating input score 0; 0th percentile among comparable filings
Growth
- Program expense growth: -12.2% per year; rating input score 0; 4th percentile among comparable filings
- Revenue growth: 8.1% per year; rating input score 100; 59th percentile among comparable filings
- Asset growth: 10.8% per year; rating input score 100; 61st percentile among comparable filings
Details
- Where the money goes: 29.4% of revenue deployed · 93.1% of spending went to programs
- Governance: 10 of 13 board members independent · 7 of 9 filing controls reported
- Programs: 3 filed program accomplishments · $165K in reported program spending
- Leadership: top reported pay $828K · 16 people listed · 0 of 6 pay-setting controls reported
- Consistency: 18 of 19 current checks pass · 1 finding to review
- Schedules: 8 filed schedules · includes major donors, grants, and executive pay
- Filing history: 15 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: 4 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 29/100.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- High — Growth: Program expense 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.