The Blessing Foundation Inc
Nonprofit profile at a glance
- EIN
- 371128705
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Location
- Quincy, IL, USA
- Phone
- 2172238400
- Rating
- 65
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Single Organization Support
Reported finances
- Revenue
- $8,611,075
- Expenses
- $3,719,296
- Assets
- $92,055,663
- Liabilities
- $26,626,642
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
16 people listed
Executive titles in this filing
- PATRICK M GERVELER (PRESIDENT)
Highest reported compensation
- BRIAN T CANFIELD EXITED 425 (TRUSTEE (EX-): $982,703 total reported compensation
- PATRICK M GERVELER (PRESIDENT): $809,430 total reported compensation
- JUSTIN R HALE (VP/TREASURER): $298,068 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Founded in 1983, the blessing foundation raises, maintains, and disburses charitably donated funds for the benefit of blessing health system.
What it reported doing in 2024
The purposes for which the blessing foundation, inc. (corporation) is organized are exclusively charitable, scientific, or educational within the meaning of section 501(c)(3) of the internal revenue code of 1986, as amended. In furtherance of these purposes, the corporation shall promote and support, by donation, loan or otherwise, the interests and purposes of blessing hospital, blessing corporate services, inc., blessingcare corporation dba illini community hospital, or other organizations which provide health care or conduct education or research, provided, however, that any such organization supported by the corporation shall in all events not be a private foundation and be as defined in section 501(c)(3) and either section 509(a)(1) or section 509(a)(2) of the internal revenue code of 1986, as amended; and the corporation shall raise funds for any or all of the organizations described above from the public and from all other sources available, and shall receive, maintain, and administer such funds and expend principal and income therefrom in furtherance of these purposes. The following lists specific expenditures in regards to the purpose listed above. Blessing hospital - financial aid for students of 1,400,000 blessing-rieman college of nursing and health sciences blessing hospital - sciton laser 199,000 blessing hospital - employee crisis/caring club fund 147,446 blessing hospital - student worker support for blessing- 95,000 rieman college of nursing and health sciences blessing hospital - early learning center scholarships 50,000 blessing hospital - early learning center child development 50,000 specialist blessing hospital - early learning center educator smart 50,000 start transition blessing hospital - hospice and palliative care 26,800 blessing hospital - radiology ultrasonography simulation 17,340 blessing hospital - faculty and employee development for 15,000 blessing-rieman college of nursing and health sciences blessing hospital - electrotherapy system 9,416 blessing hospital - hospice music therapy 8,000 blessing hospital - main lab accuvein finder 5,779 blessing hospital - mock pediatric crash cart 3,357 blessing hospital - sit to stand lift 2,200 blessing hospital - ems pediatric manikin 1,559 blessing hospital - vascular simulation tool 1,210 blessing hospital - caring cupboard for blessing-rieman 230 college of nursing and health sciences quincy university - frances waterkotte grant for nursing 770 students total 2,083,107
Operating model
- Revenue model
- Other-operating. 65% of the money available for current operations came from other operating revenue.
- 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
SUPPORTED - 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 few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence.
Rating breakdown
- Financial Efficiency: 47
- Transparency & Controls: 71
- Accountability: 91
- Sustainability: 80
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 44.5%; rating input score 45
- Program expense ratio: 56%; rating input score 56
- Fundraising efficiency: $7.36 raised per $1 spent on fundraising; rating input score 28; 28th 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; 43rd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd 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: 56.8%; rating input score 94; 94th percentile among comparable filings
- Total-asset coverage ratio: 24.75; rating input score 97; 97th percentile among comparable filings
- Liabilities to assets ratio: 0.29; rating input score 35; 35th percentile among comparable filings
- Officer compensation ratio: 10.2%; rating input score 29; 29th percentile among comparable filings
Growth
- Program expense growth: -4.4% per year; rating input score 0; 6th percentile among comparable filings
- Revenue growth: 5.9% per year; rating input score 100; 47th percentile among comparable filings
- Asset growth: 6.4% per year; rating input score 100; 42nd percentile among comparable filings
Details
- Where the money goes: 44.5% of revenue deployed · 56% of spending went to programs
- Governance: 11 of 11 board members independent · 7 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $2.1M in reported program spending
- Leadership: top reported pay $983K · 16 people listed · 0 of 6 pay-setting controls reported
- Consistency: 28 of 28 current checks pass
- Schedules: 9 filed schedules · includes major donors, grants, and executive pay
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- 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.
- Moderate — Financial Efficiency: Mission deployment rate scored 45/100.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- Review — Financial Efficiency: Program expense ratio scored 56/100.
- High — Financial Efficiency: Fundraising efficiency scored 28/100.
- High — Growth: Program expense growth scored 0/100.
- Review — Accountability: Governance controls: 2 of 9 not reported.
- High — Sustainability: Officer compensation ratio scored 29/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 35/100.