St Francis Medical Center

Nonprofit profile at a glance

EIN
912154439
IRS 990 coverage
2009–2020
Forms available
Form 990 2020
Location
Woodland Hills, CA, USA
Phone
8185321020
Rating
66
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Hospital, General

Official website

Reported finances

Revenue
$157,827,657
Expenses
$66,314,419
Assets
$54,870
Liabilities
$0

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

Leadership & pay

13 people listed

Highest reported compensation

  • RICHARD ADCOCK (EX-OFFICIO MEMBER (THRU 09/2020)): $2,171,620 total reported compensation
  • TY CONNER (DIRECTOR (THRU 04/2021)): $562,753 total reported compensation
  • SUSAN GABAYERON (RN IV (THRU 08/2020)): $319,765 total reported compensation

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

Overview

Mission

St. Francis medical center ("sfmc") is organized and operated for the purposes of (i) maintaining an acute care hospital and related facilities, (ii) promoting research related to healthcare services, (continued in schedule o)(continued from part iii)(iii) maintaining health plans using systems designed to maximize benefits to the communities served, (iv) promoting the general health of the community, and (v) providing financial and other forms of assistance for the benefit of other healthcare facilities affiliated with verity.

What it reported doing in 2020

Sfmc is the only comprehensive, non-profit health care institution serving one million residents of southeast los angeles. A 384-bed facility, sfmc offers a full range of diagnostic and treatment services. Sfmc operates one of the largest and busiest private emergency/trauma centers in los angeles county. Our heart and vascular center, maternal-child health program, orthopedics/joint replacement program, imaging services, behavioral health and wound care facilities offer comprehensive services to the community. Our primary stroke care center and stemi receiving center, both approved by the los angeles county emergency medical services agency, fills a major gap in critical services in los angeles. In addition to our acute and outpatient health care services, sfmc operates a broad range of (continued in schedule o)educational and community service programs.

Operating model

Revenue model
Grant-funded. 85% of the money available for current operations came from government grants.
Distribution model
Direct operator. The filing allocates 95% 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

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of voting board members are independent and few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence.

Rating breakdown

  • Financial Efficiency: 87
  • Transparency & Controls: 76
  • Accountability: 26
  • Sustainability: 62
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 94.4%; rating input score 94
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 67th 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: 100%; rating input score 100; 76th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 0%; rating input score 0; 4th percentile among comparable filings
  • Governance controls: 5 of 9 controls in place; rating input score 62
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Limited
    • 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: 58%; rating input score 97; 97th percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 1; 1st percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 99; 99th percentile among comparable filings
  • Officer compensation ratio: 2.9%; rating input score 37; 37th percentile among comparable filings

Growth

  • Program expense growth: -13.1% per year; rating input score 0; 1st percentile among comparable filings
  • Revenue growth: -2.2% per year; rating input score 0; 4th percentile among comparable filings
  • Asset growth: -4.7% per year; rating input score 0; 3rd percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 94.4% of spending went to programs
  • Governance: 0 of 1 board members independent · 5 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $62.6M in reported program spending
  • Leadership: top reported pay $2.2M · 13 people listed · 0 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $15.9M reported
  • Consistency: 26 of 26 current checks pass
  • Schedules: 8 filed schedules · includes major donors, grants, executive pay, and related organizations
  • Filing history: 9 filing years from 2009 to 2020
  • Contacts: How to reach this organization
  • Money network: 8 filed money-flow records
  • Related organizations: 17 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 — Accountability: Independent voting board scored 0/100.
  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • 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: Total-asset coverage ratio scored 1/100.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Officer compensation ratio scored 37/100.