Springfield Area Health Care Foundation Inc

Nonprofit profile at a glance

EIN
363496557
IRS 990-EZ coverage
2010–2011
Forms available
Form 990-EZ 2011
Location
Springfield, MN, USA
Phone
5075381297
Rating
85
Verdict
STRONG
Rating confidence
Moderate
Sector
Single Organization Support

Reported finances

Revenue
$11,663
Expenses
$264,345
Assets
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2011. Amounts in USD.

Leadership & pay

11 people listed

Source: IRS Form 990-EZ. Selected filing: tax year 2011. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The purpose of springfield area health care foundation, inc. Is to promote the health, education, and general welfare of the people in the springfield service area and to support the programs, facilities, and services of mayo clinic health system-springfield.

What it reported doing in 2011

Scholarships - education: in order to encourage younger people to consider a career as a health care professional, it is necessary to provide them with funding to help them pay for the ever increasing tuition and fees associated with a post-secondary education. It is extremely difficult to recruit to rural locations but the most likely people to come to a rural area are those that already have relatives or other family connections within a specific geography. Sahcf has a tuition scholarship program that provides funding, $500 per recipient per year. This scholarship program is open to area high school seniors as well as post-secondary students who grew up in the service area of mayo clinic health system-springfield. The scholarship is paid out upon notice of the successful completion of the first year of post-secondary education and in 2011 $3,000 was paid out to six individuals.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
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

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filed totals do not add up and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 100
  • Transparency & Controls: 82
  • Sustainability: 1
  • Growth: 40

Detailed rating inputs

Financial Efficiency

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

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -2,166.5%; rating input score 1; 1st percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 1; 1st percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: Limited

Growth

  • Program expense growth: 62% per year; rating input score 100; 89th percentile among comparable filings
  • Revenue growth: -132.5% per year; rating input score 0; 4th percentile among comparable filings
  • Asset growth: -200% per year; rating input score 0; 1st percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 3 filed program accomplishments · $267K in reported program spending
  • Leadership: top reported pay $0 · 11 people listed
  • Consistency: 7 of 8 current checks pass · 1 finding to review
  • Schedules: 3 filed schedules
  • Filing history: 2 filing years from 2010 to 2011
  • 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 — Transparency & Controls: Part III program expenses within total did not reconcile in the filed values.
  • High — Sustainability: Operating margin scored 1/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 1/100.
  • High — Growth: Asset growth scored 0/100.