Southwest Illinois Health Ventures Inc

Nonprofit profile at a glance

EIN
371413286
IRS 990 coverage
2016–2020
Forms available
Form 990 2020
Location
Belleville, IL, USA
Phone
6182575607
Rating confidence
Limited
Sector
Nonmonetary Support N.E.C.

Reported finances

Revenue
$0
Expenses
$115,650
Assets
$1,377,174
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2020. Amounts in USD.

Leadership & pay

10 people listed

Executive titles in this filing

  • TURNER MARK (PRESIDENT, DIRECTOR TERM 2/20)
  • MCMANUS MICHAEL (PRESIDENT, DIRECTOR BEG 2/20)

Highest reported compensation

  • TURNER MARK (PRESIDENT, DIRECTOR TERM 2/20): $795,667 total reported compensation
  • GUSMANO JANE (SECRETARY, VP FINANCE): $597,223 total reported compensation
  • MCMANUS MICHAEL (PRESIDENT, DIRECTOR BEG 2/20): $484,065 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2020. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Southwest Illinois health ventures was formed to support and encourage healthcare and related services for the advancement of the health and well-being of the community.

What it reported doing in 2020

A partner in southwest Illinois health services real estate, llp which leases building space to an oncology treatment center and p.e.t. Imaging center providing healthcare services to the public in the service area.

Operating model

Revenue model
No positive adjusted resources. The filing reports no positive adjusted operating resources.
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

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

Rating breakdown

  • Financial Efficiency: 75
  • Transparency & Controls: 58
  • Accountability: 75
  • Sustainability: 28
  • Growth: 40

Detailed rating inputs

Financial Efficiency

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

Transparency & Controls

  • Consistency checks: 90%; rating input score 90; 11th 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: 87.5%; rating input score 88; 25th percentile among comparable filings
  • Governance controls: 5 of 9 controls in place; rating input score 56
    • 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: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: Limited
  • Total-asset coverage ratio: 11.91; rating input score 67; 67th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 71; 71st percentile among comparable filings
  • Officer compensation ratio: 263.8%; rating input score 2; 2nd percentile among comparable filings

Growth

  • Program expense growth: 100% per year; rating input score 100; 98th percentile among comparable filings
  • Revenue growth: -31.3% per year; rating input score 0; 14th percentile among comparable filings
  • Asset growth: -19.1% per year; rating input score 0; 8th percentile among comparable filings

Details

  • Where the money goes: 100% of spending went to programs
  • Governance: 7 of 8 board members independent · 5 of 9 filing controls reported
  • Programs: 2 filed program accomplishments · $116K in reported program spending
  • Leadership: top reported pay $796K · 10 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 12 of 13 current checks pass · 1 finding to review
  • Schedules: 5 filed schedules · includes executive pay
  • Filing history: 5 filing years from 2016 to 2020
  • Contacts: How to reach this organization
  • Related organizations: 49 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.
  • Review — Accountability: Governance controls: 3 of 8 not reported.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
  • High — Sustainability: Officer compensation ratio scored 2/100.
  • High — Growth: Asset growth scored 0/100.