St Paul Medical Foundation

Nonprofit profile at a glance

EIN
752845286
IRS 990 coverage
2015–2016
Forms available
Form 990 2016
Location
Dallas, TX, USA
Phone
2146489226
Rating
83
Verdict
STRONG
Rating confidence
Moderate
Sector
Single Organization Support

Reported finances

Revenue
$538,725
Expenses
$13,908,419
Assets
$0
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2016. Amounts in USD.

Leadership & pay

36 people listed

Executive titles in this filing

  • MR JAMES M HINCKLEY (VICE PRESIDENT)
  • MRS LAWRENCE JOYCE LACERTE (VICE PRESIDENT)
  • MS SALLY RIDGWAY (PRESIDENT)
  • MRS PHIN MERSINA STUBBS (VICE PRESIDENT)
  • MR MICHAEL F TERRY (VICE PRESIDENT)

Highest reported compensation

  • MS SALLY RIDGWAY (PRESIDENT): $102,841 total reported compensation
  • MS CAROL BALES (FINANCIAL MANAGER): $78,993 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2016. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

St. Paul medical foundation is dedicated to advancing, through philanthropy, excellent and innovative patient care at ut southwestern university hospital, or its successor, preserving the religious heritage of the hospital and promoting the role of religion in medicine. St. Paul hospital closed in decemeber 2014. Ut southwestern clements university hospital is its successor.

What it reported doing in 2016

During 2016, grants were funded to support various programs at ut southwestern. These included endowed chair distributions (carpenter, hayes and jenevein), honoring highly-regarded physicians, and provided the holders of the chairs with income used for educational, research and/or clinical purposes. Additional donations included the transfer of st. Paul medical foundation's remaining assets to ut southwestern medical center.

Operating model

Revenue model
Donor-supported. 66% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 89
  • Transparency & Controls: 94
  • Accountability: 84
  • Sustainability: 8
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 98.2%; rating input score 98
  • Fundraising efficiency: $2.73 raised per $1 spent on fundraising; rating input score 9; 9th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 74th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 97.1%; rating input score 97; 26th 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: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -2,481.7%; rating input score 0; 0th 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: 0.6%; rating input score 67; 67th percentile among comparable filings

Growth

  • Program expense growth: 190.3% per year; rating input score 100; 100th percentile among comparable filings
  • Revenue growth: -64.7% per year; rating input score 0; 0th percentile among comparable filings
  • Asset growth: -200% per year; rating input score 0; 0th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 98.2% of spending went to programs
  • Governance: 34 of 35 board members independent · 6 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $13.7M in reported program spending
  • Leadership: top reported pay $103K · 36 people listed
  • Consistency: 25 of 25 current checks pass
  • Schedules: 8 filed schedules · includes major donors and grants
  • Filing history: 2 filing years from 2015 to 2016
  • Contacts: How to reach this organization
  • Money network: 11 filed money-flow records
  • Related organizations: 10 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: Fundraising efficiency scored 9/100.
  • High — Sustainability: Operating margin scored 0/100.
  • Review — Accountability: Governance controls: 2 of 8 not reported.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 0/100.
  • High — Growth: Asset growth scored 0/100.