Southside Health Education Foundation

Nonprofit profile at a glance

EIN
830458666
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Colonial Heights, VA, USA
Phone
8045264848
Rating
63
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Scholarships, Student Financial Aid Services, Awards

Official website

Reported finances

Revenue
$227,536
Expenses
$115,435
Assets
$3,686,013
Liabilities
$826

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

Leadership & pay

11 people listed

Executive titles in this filing

  • Susan Jarvis (Executive Director)

Highest reported compensation

  • Susan Jarvis (Executive Director): $67,258 total reported compensation

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

Overview

Mission

To provide educational scholarships and loans to residents of southside Virginia who have the desire and ambition to become health care providers but who lack sufficient financial resources. Shef also serves as a resource for information that supports health care opportunities in our community.

What it reported doing in 2024

SHEF Health Careers Explorers Program: Southside Health Education Foundation (SHEF) is dedicated to strengthening the healthcare workforce within the SHEF Service Region by fostering early interest in healthcare careers and providing students with meaningful opportunities for exploration. Through its comprehensive initiatives, SHEF serves as a crucial pipeline for workforce development, ensuring that students gain the knowledge, exposure, and connections needed to pursue careers in the healthcare industry. At the heart of these efforts is the SHEF Health Careers Explorers Program, designed to introduce high school students to the vast possibilities within healthcare. Through engaging experiences, students learn about different career paths, interact with professionals in the field, and gain firsthand insights into the industry. To further expand its impact, SHEF plans to extend the program to middle school students, offering them early exposure to healthcare professions and inspiring them to consider their future careers. Additionally, SHEF will host quarterly career nights, each focused on a specific healthcare field, providing students with valuable networking opportunities and in-depth knowledge about various specialties. One of the most exciting aspects of the Explorers Program is its summer camp, a unique opportunity for students to immerse themselves in healthcare exploration. The camp allows participants to visit healthcare systems, engage with professionals, and explore higher education campuses, helping them envision their paths in the medical field. Through these hands-on experiences, students gain deeper insights into the healthcare sector, preparing them for future educational and career pursuits. By providing these initiatives, SHEF is shaping the future of healthcare by equipping the next generation with the tools, knowledge, and inspiration they need to succeed. Through mentorship, education, and experiential learning, SHEF is ensuring that students are well-prepared to embark on meaningful careers that will contribute to the well-being of their communities.

Operating model

Revenue model
Investment-supported. 82% of the money available for current operations came from recurring investment income.
Distribution model
Hybrid. The nonprofit split its reported program spending across 54% for direct work, and 46% for 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 a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 34
  • Transparency & Controls: 93
  • Accountability: 84
  • Sustainability: 79
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 30.3%; rating input score 30
  • Program expense ratio: 50.7%; rating input score 51
  • Fundraising efficiency: $1.51 raised per $1 spent on fundraising; rating input score 7; 7th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 80th percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 5 of 8 controls in place; rating input score 62
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 49.3%; rating input score 91; 91st percentile among comparable filings
  • Total-asset coverage ratio: 31.93; rating input score 97; 97th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 59; 59th percentile among comparable filings
  • Officer compensation ratio: 58.3%; rating input score 3; 3rd percentile among comparable filings

Growth

  • Program expense growth: -12.7% per year; rating input score 0; 9th percentile among comparable filings
  • Revenue growth: -3.7% per year; rating input score 0; 12th percentile among comparable filings
  • Asset growth: 9.9% per year; rating input score 100; 65th percentile among comparable filings

Details

  • Where the money goes: 30.3% of revenue deployed · 50.7% of spending went to programs
  • Governance: 10 of 10 board members independent · 5 of 8 filing controls reported
  • Programs: 2 filed program accomplishments · $59K in reported program spending
  • Leadership: top reported pay $67K · 11 people listed
  • Consistency: 26 of 26 current checks pass
  • Schedules: 4 filed schedules · includes grants
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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.

  • Moderate — Financial Efficiency: Mission deployment rate scored 30/100.
  • Review — Financial Efficiency: Program expense ratio scored 51/100.
  • High — Financial Efficiency: Fundraising efficiency scored 7/100.
  • Review — Accountability: Governance controls: 2 of 7 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 3/100.
  • Review — Sustainability: Liabilities to assets ratio scored 59/100.