St Mary Medical Center Foundation Inc

Nonprofit profile at a glance

EIN
232567468
IRS 990 coverage
2010–2018
Forms available
Form 990 2018
Location
Langhorne, PA, USA
Phone
2157102000
Rating
48
Verdict
MIXED
Rating confidence
Moderate
Sector
Single Organization Support

Official website

Reported finances

Revenue
$3,223,262
Expenses
$2,471,089
Assets
$0
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2018. Amounts in USD.

Leadership & pay

21 people listed

Executive titles in this filing

  • JIM WOODWARD (SMMC CEO; THMA PRES/CEO AT 9/18)
  • LARRY BRILLIANT (CMO; SMMC PRESIDENT AS OF 11/18)
  • DANIEL MOEN (FORMER OFFICER; SFMC TREN PRES/CEO)

Highest reported compensation

  • JIM WOODWARD (SMMC CEO; THMA PRES/CEO AT 9/18): $978,092 total reported compensation
  • DANIEL MOEN (FORMER OFFICER; SFMC TREN PRES/CEO): $663,234 total reported compensation
  • LARRY BRILLIANT (CMO; SMMC PRESIDENT AS OF 11/18): $652,392 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2018. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

We, st. Mary medical center and trinity health, serve together in the spirit of the gospel as a compassionate and transforming healing presence within our communities. As a community of caring people, we are committed to extending and strengthening the healing ministry of jesus.st. Mary medical center foundation (smmc foundation) is a member of st. Mary medical center (smmc) and trinity health.

What it reported doing in 2018

St. Mary medical center foundation (smmc foundation), located in langhorne, pa, was founded to support the charitable goals of st. Mary medical center and its subsidiaries.the foundation raised over $1 million in fiscal year 2019. The foundation helps to accomplish the priorities of st. Mary through fundraising, volunteerism, gift management and stewardship. Donors play an integral role in the future of st. Mary as it strives to provide world class medical care in bucks county. For more information, see the foundation website at www.stmaryfoundation.org.

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 100% of its reported program spending out as grants.

The verdict

MIXED - The filed numbers largely add up and most voting board members are independent. 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: 12
  • Transparency & Controls: 76
  • Accountability: 90
  • Sustainability: 40
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 15%; rating input score 15
  • Program expense ratio: 9.3%; rating input score 9
  • Fundraising efficiency: $0.83 raised per $1 spent on fundraising; rating input score 2; 2nd percentile among comparable filings

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: 100%; rating input score 100; 71st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 90%; rating input score 90; 20th percentile among comparable filings
  • Governance controls: 8 of 9 controls in place; rating input score 89
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 23.3%; rating input score 84; 84th percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 0; 0th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 46%; rating input score 1; 1st percentile among comparable filings

Growth

  • Program expense growth: -24.9% per year; rating input score 0; 2nd percentile among comparable filings
  • Revenue growth: -3.1% per year; rating input score 0; 10th percentile among comparable filings
  • Asset growth: -1.9% per year; rating input score 0; 16th percentile among comparable filings

Details

  • Where the money goes: 15% of revenue deployed · 9.3% of spending went to programs
  • Governance: 9 of 10 board members independent · 8 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $231K in reported program spending
  • Leadership: top reported pay $978K · 21 people listed · 0 of 6 pay-setting controls reported
  • Highest-paid contractors: 2 contractors listed · $223K reported
  • Consistency: 29 of 29 current checks pass
  • Schedules: 8 filed schedules · includes major donors, grants, executive pay, and related organizations
  • Filing history: 9 filing years from 2010 to 2018
  • Contacts: How to reach this organization
  • Money network: 8 filed money-flow records
  • Related organizations: 321 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 15/100.
  • High — Financial Efficiency: Program expense ratio scored 9/100.
  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • High — Financial Efficiency: Fundraising efficiency scored 2/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Accountability: Governance controls: CEO compensation review process not reported.
  • High — Sustainability: Officer compensation ratio scored 1/100.