Spartanburg Regional Healthcare System Foundation

Nonprofit profile at a glance

EIN
570937166
IRS 990 coverage
2011–2024
Forms available
Form 990 2024
Location
Spartanburg, SC, USA
Phone
8645606727
Rating
77
Verdict
SUPPORTED
Rating confidence
Standard
Sector
Hospital, General

Official website

Reported finances

Revenue
$13,136,293
Expenses
$10,206,672
Assets
$67,379,862
Liabilities
$212,190

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

Leadership & pay

20 people listed

Executive titles in this filing

  • David Church (President (Retired 12/31/24))
  • Polly Edwards-Padgett (Executive Director)

Highest reported compensation

  • David Church (President (Retired 12/31/24)): $432,314 total reported compensation
  • Polly Edwards-Padgett (Executive Director): $170,289 total reported compensation
  • Amanda Herin (Senior Director of Operations): $152,009 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 generate philanthropic support to advance health.

What it reported doing in 2024

Through grants and contributions from donors, Spartanburg Regional Foundation supports the health and wellbeing of the community. In FY25, the Foundation provided funding for more than 70 projects that promote health in accordance with donor designations. A small sample of the accomplishments achieved with these funds include: 1. Supported cancer research programs and purchase of cancer screening equipment. 2. Provided financial assistance to patients through various funds for help with prescriptions, medical equipment, education, and other needs while undergoing treatment. 3. Convened community partners to begin implementation of a comprehensive, community-wide behavioral health plan.

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 97% of its reported program spending out as grants.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing does not identify recipients for some grant dollars and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 69
  • Transparency & Controls: 67
  • Accountability: 100
  • Sustainability: 80
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 74%; rating input score 74
  • Program expense ratio: 73.4%; rating input score 73
  • Fundraising efficiency: $7.3 raised per $1 spent on fundraising; rating input score 30; 30th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 94.1%; rating input score 94; 20th percentile among comparable filings
  • Pay-setting controls: 3 of 6 controls in place; rating input score 50
    • Compensation committee: Missing
    • Independent consultant: Pass
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 10.9%; rating input score 11; 8th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
  • Governance controls: 8 of 8 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • 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: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 22.3%; rating input score 84; 84th percentile among comparable filings
  • Total-asset coverage ratio: 6.6; rating input score 88; 88th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 95; 95th percentile among comparable filings
  • Officer compensation ratio: 8.8%; rating input score 26; 26th percentile among comparable filings

Growth

  • Program expense growth: 7.4% per year; rating input score 100; 58th percentile among comparable filings
  • Revenue growth: 3.1% per year; rating input score 100; 26th percentile among comparable filings
  • Asset growth: 4.1% per year; rating input score 100; 30th percentile among comparable filings

Details

  • Where the money goes: 74% of revenue deployed · 73.4% of spending went to programs
  • Governance: 16 of 16 board members independent · 8 of 8 filing controls reported
  • Programs: 3 filed program accomplishments · $7.5M in reported program spending
  • Leadership: top reported pay $432K · 20 people listed · 3 of 6 pay-setting controls reported
  • Consistency: 29 of 30 current checks pass · 1 finding to review
  • Schedules: 7 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 14 filing years from 2011 to 2024
  • Contacts: How to reach this organization
  • Money network: 32 filed money-flow records
  • Related organizations: 29 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: Grant itemization coverage scored 11/100.
  • Moderate — Financial Efficiency: Fundraising efficiency scored 30/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • High — Sustainability: Officer compensation ratio scored 26/100.