St Mary's Hospital Streator Hospital Sisters of the 3Rd Order of St Francis
Nonprofit profile at a glance
- EIN
- 362169181
- IRS 990 coverage
- 2009–2017
- Forms available
- Form 990 2017
- Location
- Springfield, IL, USA
- Phone
- 2175234747
- Rating
- 34
- Verdict
- REVIEW
- Rating confidence
- Moderate
- Sector
- Hospital, General
- Affiliation
- Christianity
Reported finances
- Revenue
- $14,757
- Expenses
- $0
- Assets
- $0
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2017. Amounts in USD.
Leadership & pay
12 people listed
Source: IRS Form 990. Selected filing: tax year 2017. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To reveal and embody christ's healing love for all people through our high quality franciscan health care ministry.
What it reported doing in 2017
OSF Healthcare ("OSF"), Hospital Sisters Health System ("HSHS") and Hospital Sisters Services, Inc. ("HSSI"), entered into a Healthcare Services Transition Agreement dated as of August 18, 2015 ("Transition Agreement"), pursuant to which: HSHS ceased provision of inpatient services at St. Mary's Hospital, 111 Spring Street, Streator, Illinois ("Hospital"), effective January 4, 2016; HSHS sold to OSF certain assets that can be utilized for ambulatory facilities to be operated following closing of the proposed transaction; HSHS donated to OSF the land and buildings used for healthcare operations in Streator; and OSF will maintain ambulatory and primary care clinic services in the Streator community. As such, the organization no longer operates as a licensed hospital, and this Form 990 filing will reflect the limited financial activities of the winding down entity, and will no longer detail the activities of a hospital organization.
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
REVIEW - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of voting board members are independent.
Rating breakdown
- Financial Efficiency: 0
- Transparency & Controls: 82
- Accountability: 47
- Sustainability: NotEnoughData
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 0%; rating input score 0
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 90.9%; rating input score 91; 15th percentile among comparable filings
- Pay-setting controls: 5 of 6 controls in place; rating input score 83
- Compensation committee: Pass
- Independent consultant: Pass
- Other Form 990s reviewed: Pass
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: No; rating input score 0
Accountability
- Independent voting board: 16.7%; rating input score 17; 18th 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: Pass
- 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: Limited
- Total-asset coverage ratio: Limited
- Liabilities to assets ratio: Limited
- Officer compensation ratio: Limited
Growth
- Program expense growth: -44.4% per year; rating input score 0; 12th percentile among comparable filings
- Revenue growth: -22% per year; rating input score 0; 22nd percentile among comparable filings
- Asset growth: -21.7% per year; rating input score 0; 10th percentile among comparable filings
Details
- Where the money goes: 0% of revenue deployed
- Governance: 1 of 6 board members independent · 8 of 9 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $2.2M · 12 people listed · 5 of 6 pay-setting controls reported
- Consistency: 12 of 13 current checks pass · 1 finding to review
- Schedules: 6 filed schedules · includes executive pay
- Filing history: 9 filing years from 2009 to 2017
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Related organizations: 45 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 — Financial Efficiency: Mission deployment rate scored 0/100.
- High — Accountability: Independent voting board scored 17/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Transparency & Controls: Related-party transparency scored 0/100.
- Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
- High — Growth: Asset growth scored 0/100.
- Review — Accountability: Governance controls: Other executive compensation review process not reported.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.