The Children's Hospital Foundation

Nonprofit profile at a glance

EIN
311327089
IRS 990 coverage
2009–2011
Forms available
Form 990 2011
Location
Cincinnati, OH, USA
Phone
5136368778
Rating confidence
Limited
Sector
Single Organization Support

Reported finances

Revenue
$3,294,315
Expenses
$1,623,322
Assets
$47,978,793
Liabilities
$12,586,792

Source: IRS Form 990. Selected filing: tax year 2011. Amounts in USD.

Leadership & pay

9 people listed

Source: IRS Form 990. Selected filing: tax year 2011. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The children's hospital foundation ("chf") is organized to benefit cincinnati children's hospital medical center ("cchmc") and its affiliates.

What it reported doing in 2011

The children's hospital foundation ("chf") was incorporated on october 16, 1990 as an Ohio not-for-profit corporation for the purpose of acquiring and investing contributions, engaging in fundraising activities and managing its investment portfolio in order to benefit cincinnati chiildren's hospital medical center ("cchmc"), an Ohio not-for-profit pediatric healthcare, teaching and research facility that is exempt from income tax under internal revenue code section 501(c)(3). The foundation has established certain planned giving programs, some of which may provide income to the donors during the donor's lifetime. The foundation is also the recipient of life insurance policy donations. The planned giving programs and donated life insurance policies are intended to increase the base of assets from which economic benefits will be transferred to cchmc. For the tax year july 1, 2011 to june 30, 2012, the foundation transferred $1,402,685 to cchmc in fulfillment of this program. In order to ensure that cchmc's clinical and research operations are consistent with the charitable goals of the foundation, members of the foundation's board of trustees maintain significant representation on the cchmc board of trustees.

Operating model

Revenue model
Donor-supported. 76% of the money available for current operations came from contributions and gifts.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 71
  • Accountability: 58
  • Sustainability: 80
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 59th 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; 70th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Scored; rating input score 0

Accountability

  • Independent voting board: 44.4%; rating input score 44; 8th percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Pass
    • 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: 50.7%; rating input score 96; 96th percentile among comparable filings
  • Total-asset coverage ratio: 29.56; rating input score 99; 99th percentile among comparable filings
  • Liabilities to assets ratio: 0.26; rating input score 50; 50th percentile among comparable filings
  • Officer compensation ratio: 34.8%; rating input score 2; 2nd percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 16.2% per year; rating input score 100; 81st percentile among comparable filings
  • Asset growth: 21.3% per year; rating input score 100; 87th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 4 of 9 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $1.5M in reported program spending
  • Leadership: top reported pay $1.1M · 9 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 18 of 18 current checks pass
  • Schedules: 7 filed schedules · includes major donors, grants, executive pay, and related organizations
  • Filing history: 3 filing years from 2009 to 2011
  • Money network: 1 filed money-flow record
  • Related organizations: 3 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 — Transparency & Controls: Pay-setting controls scored 0/100.
  • Moderate — Accountability: Independent voting board scored 44/100.
  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • High — Transparency & Controls: Related-party transparency scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 2/100.
  • Review — Sustainability: Liabilities to assets ratio scored 50/100.