St Leonard Foundation

Nonprofit profile at a glance

EIN
320102715
IRS 990 coverage
2010–2014
Forms available
Form 990 2014
Location
Centerville, OH, USA
Phone
9374366382
Rating
65
Verdict
SUPPORTED
Rating confidence
Standard
Sector
Private Grantmaking Foundations

Official website

Reported finances

Revenue
$204,419
Expenses
$347,561
Assets
$2,928,933
Liabilities
$983,676

Source: IRS Form 990. Selected filing: tax year 2014. Amounts in USD.

Leadership & pay

16 people listed

Executive titles in this filing

  • RICK RYAN (PRESIDENT/CEO EX-OFFICIO)
  • TIMOTHY DRESSMAN (EXECUTIVE DIRECTOR)
  • WENDY DOLYK (VICE PRESIDENT OF OPERATIONS)

Highest reported compensation

  • JAMES W POPE (EX-OFFICIO): $1,263,561 total reported compensation
  • RICK RYAN (PRESIDENT/CEO EX-OFFICIO): $570,073 total reported compensation
  • TIMOTHY DRESSMAN (EXECUTIVE DIRECTOR): $200,550 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2014. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The st. Leonard foundation promotes and encourages christian stewardship, serves as a resource and catalyst for charitable activities, and fulfills the interests of benefactors, with the intention of improving the quality of life for those who are a part of the st. Leonard community.

What it reported doing in 2014

Benevolent care represents the heart of st. Leonard's ministry in serving older adults, assuring no residents who outlive their funds will be asked to leave the st. Leonard community. Vulnerable seniors cannot depend on the governmental funding in assisted living and independent living settings, so st. Leonard residents are helped through the on-going generosity of donors to the benevolent care fund.

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 73% 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. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 62
  • Transparency & Controls: 76
  • Accountability: 78
  • Sustainability: 30
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 83.5%; rating input score 83
  • Program expense ratio: 47.1%; rating input score 47
  • Fundraising efficiency: $1.1 raised per $1 spent on fundraising; rating input score 6; 6th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd 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; 79th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 84.6%; rating input score 85; 21st percentile among comparable filings
  • Governance controls: 6 of 9 controls in place; rating input score 67
    • 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: Fail
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -70%; rating input score 3; 3rd percentile among comparable filings
  • Total-asset coverage ratio: 8.43; rating input score 87; 87th percentile among comparable filings
  • Liabilities to assets ratio: 0.34; rating input score 21; 21st percentile among comparable filings
  • Officer compensation ratio: 34.4%; rating input score 8; 8th percentile among comparable filings

Growth

  • Program expense growth: -19.4% per year; rating input score 0; 16th percentile among comparable filings
  • Revenue growth: -22.4% per year; rating input score 0; 6th percentile among comparable filings
  • Asset growth: -0.2% per year; rating input score 0; 38th percentile among comparable filings

Details

  • Where the money goes: 83.5% of revenue deployed · 47.1% of spending went to programs
  • Governance: 11 of 13 board members independent · 6 of 9 filing controls reported
  • Programs: 4 filed program accomplishments · $164K in reported program spending
  • Leadership: top reported pay $1.3M · 16 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 25 of 25 current checks pass
  • Schedules: 8 filed schedules · includes major donors, grants, executive pay, and related organizations
  • Filing history: 5 filing years from 2010 to 2014
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 283 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.
  • Moderate — Financial Efficiency: Program expense ratio scored 47/100.
  • High — Financial Efficiency: Fundraising efficiency scored 6/100.
  • Review — Accountability: Governance controls: 3 of 9 not reported.
  • High — Sustainability: Operating margin scored 3/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 8/100.
  • High — Sustainability: Liabilities to assets ratio scored 21/100.