St Ann's of Greater Rochester Inc

Nonprofit profile at a glance

EIN
161494042
IRS 990 coverage
2010–2024
Forms available
Form 990 2024, Form 990-T 2023
Location
Rochester, NY, USA
Phone
5856976000
Rating
42
Verdict
MIXED
Rating confidence
Moderate
Sector
Philanthropy, Voluntarism, and Grantmaking Foundations N.E.C.
Affiliation
Christianity

Official website

Reported finances

Revenue
$224,599
Expenses
$173,947
Assets
$3,967,306
Liabilities
$24,500

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

Leadership & pay

24 people listed

Executive titles in this filing

  • MICHAEL E MCRAE (PRESIDENT/CEO)

Highest reported compensation

  • MICHAEL E MCRAE (PRESIDENT/CEO): $560,826 total reported compensation
  • KEVIN C BROWN (SVP/CHIEF FINANCIAL OFFICER): $259,660 total reported compensation

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

Overview

Mission

Since our founding in 1874, our mission has been to promote the highest levels of independence, physical and spiritual well-being of older adults in the catholic tradition of excellence in care and services. To fulfill this mission, st. Ann's community offers a continuum of services for seniors in the greater rochester area. St.ann's community, otherwise known as st. Ann's of greater rochester inc., delivers these services through these affiliated organizations: st. Ann's home for the aged, st. Ann's nursing home company, inc., chapel oaks, inc., st. Ann's foundation, inc., st. Ann's senior housing, inc., and st. Ann's greens of leroy, inc.st. Ann's of greater rochester, inc. (sagri) is the parent corporation and sole member of each of the affiliates listed above. Sagri and the affiliates together comprise the organization that operates as st. Ann's community. St. Ann's community offers a continuum of services for seniors in the greater rochester area.

What it reported doing in 2024

St. Ann's of greater rochester, inc. (sagri) is the parent corporation and sole member of the following affiliates: st. Ann's home for the aged, st. Ann's nursing home company, inc., chapel oaks, inc., st. Ann's foundation, inc., st. Ann's senior housing, inc, and st. Ann's greens of leroy, inc. Sagri and the affiliates together comprise the organization that operates as st. Ann's community. St. Ann's community offers a continuum of services for seniors in the greater rochester area.

Operating model

Revenue model
Investment-supported. 100% of the money available for current operations came from recurring investment income.
Distribution model
No current program activity. The filing reports no program spending for the current year.

The verdict

MIXED - Most voting board members are independent and program spending has grown recently. 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: 0
  • Transparency & Controls: 58
  • Accountability: 81
  • Sustainability: 70
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0%; rating input score 0
  • Program expense ratio: 0%; rating input score 0
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 90.9%; rating input score 91; 13th 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: 82.6%; rating input score 83; 22nd 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: 22.6%; rating input score 76; 76th percentile among comparable filings
  • Total-asset coverage ratio: 22.81; rating input score 96; 96th percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 49; 49th percentile among comparable filings
  • Officer compensation ratio: 46.1%; rating input score 5; 5th percentile among comparable filings

Growth

  • Program expense growth: 5.9% per year; rating input score 100; 57th percentile among comparable filings
  • Revenue growth: 3% per year; rating input score 100; 41st percentile among comparable filings
  • Asset growth: 4.8% per year; rating input score 100; 46th percentile among comparable filings

Details

  • Where the money goes: 0% of revenue deployed · 0% of spending went to programs
  • Governance: 19 of 23 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $561K · 24 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 16 of 17 current checks pass · 1 finding to review
  • Schedules: 6 filed schedules · includes executive pay
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Related organizations: 7 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 0/100.
  • High — Financial Efficiency: Program expense ratio scored 0/100.
  • High — Transparency & Controls: Pay-setting controls 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 5/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 49/100.