St Luke's Holding Company Inc
Nonprofit profile at a glance
- EIN
- 812599592
- IRS 990 coverage
- 2017–2019
- Forms available
- Form 990 2019
- Location
- Maumee, OH, USA
- Phone
- 4198878791
- Rating
- 74
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Health Support Services
Reported finances
- Revenue
- $28,804,739
- Expenses
- $29,684,893
- Assets
- $11,225,984
- Liabilities
- $26,453,508
Source: IRS Form 990. Selected filing: tax year 2019. Amounts in USD.
Leadership & pay
23 people listed
Executive titles in this filing
- WAKEMAN DANIEL (PRESIDENT/CEO, EX-OFFICIO)
Highest reported compensation
- HOEFLINGER BRIAN (PHYSICIAN): $1,126,082 total reported compensation
- ZAKERI AHMAD (PHYSICIAN): $1,107,755 total reported compensation
- SPETKA LAWRENCE (PHYSICIAN): $1,015,973 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2019. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
St. Luke's holding company, inc. (slhc), is a non-profit organization that provides management, supervision, planning and other health care related advice and services to an integrated health care delivery system. Slhc engages in activities directly or indirectly inspiring hope and promoting wellness of communities served by st. Luke's hospital.
What it reported doing in 2019
Provides various types of health care services including management long-range planning and community health services to related exempt organizations
Operating model
- Revenue model
- Earned-program. 63% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% 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. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 75
- Transparency & Controls: 71
- Accountability: 84
- Sustainability: 13
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 85.5%; rating input score 86
- Program expense ratio: 82.9%; rating input score 83
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd 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: Yes; rating input score 100
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 88.9%; rating input score 89; 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: -3.1%; rating input score 19; 19th percentile among comparable filings
- Total-asset coverage ratio: 0.38; rating input score 12; 12th percentile among comparable filings
- Liabilities to assets ratio: 2.36; rating input score 1; 1st percentile among comparable filings
- Officer compensation ratio: 18.5%; rating input score 4; 4th percentile among comparable filings
Growth
- Program expense growth: 15.3% per year; rating input score 100; 87th percentile among comparable filings
- Revenue growth: 21.9% per year; rating input score 100; 94th percentile among comparable filings
- Asset growth: 35% per year; rating input score 100; 97th percentile among comparable filings
Details
- Where the money goes: 85.5% of revenue deployed · 82.9% of spending went to programs
- Governance: 8 of 9 board members independent · 7 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $24.6M in reported program spending
- Leadership: top reported pay $1.1M · 23 people listed · 0 of 6 pay-setting controls reported
- Highest-paid contractors: 2 contractors listed · $2.9M reported
- Consistency: 30 of 30 current checks pass
- Schedules: 6 filed schedules · includes major donors and executive pay
- Filing history: 3 filing years from 2017 to 2019
- Contacts: How to reach this organization
- Money network: 6 filed money-flow records
- Related organizations: 9 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.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- High — Sustainability: Operating margin scored 19/100.
- Review — Accountability: Governance controls: 2 of 9 not reported.
- High — Sustainability: Total-asset coverage ratio scored 12/100.
- High — Sustainability: Liabilities to assets ratio scored 1/100.
- High — Sustainability: Officer compensation ratio scored 4/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.