The Cooper Foundation Inc

Nonprofit profile at a glance

EIN
222213715
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Camden, NJ, USA
Phone
8563826502
Rating
67
Verdict
SUPPORTED
Rating confidence
Moderate

Official website

Reported finances

Revenue
$8,389,661
Expenses
$4,494,188
Assets
$97,019,157
Liabilities
$6,108,302

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

26 people listed

Executive titles in this filing

  • KEVIN O'DOWD JD (TRUSTEE (CO-PRESIDENT CHS))
  • ANTHONY MAZZARELLI MDJDMBE (TRUSTEE (CO-PRESIDENT CHS))

Highest reported compensation

  • KEVIN O'DOWD JD (TRUSTEE (CO-PRESIDENT CHS)): $3,398,140 total reported compensation
  • ANTHONY MAZZARELLI MDJDMBE (TRUSTEE (CO-PRESIDENT CHS)): $3,297,579 total reported compensation
  • GENEROSA GRANA MD (TRUSTEE (DIR ANDERSON CANCER CENTR)): $1,208,160 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The organization's primary exempt purpose is to support the charitable purposes, programs and services of the cooper health system, a related internal revenue code section 501(c)(3) tax-exempt organization, and its affiliates which provide medically necessary (see schedule o) healthcare services to all individuals in a non-discriminatory manner regardless of race, color, creed, sex, national origin, religion or ability to pay.

What it reported doing in 2024

The cooper foundation (foundation) is the philanthropic and community outreach arm of the cooper health system (cooper). The foundation assists cooper in achieving its goals of improving the quality of life in our community and providing exceptional medical care and service for every patient, every day, in a patient-centered, family-focused environment. The foundation provides various opportunities and options for donors to support cooper's mission. The foundation relies upon financial support from philanthropic donors, foundation sponsored events, corporate giving, grants, capital campaign support, corporate matching gifts and various other donations or gifts. (see schedule o)

Operating model

Revenue model
Donor-supported. 73% of the money available for current operations came from contributions and gifts.
Distribution model
Hybrid. The nonprofit split its reported program spending across 68% for direct work, and 32% for grants.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and most voting board members are independent. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and the filing does not identify recipients for some grant dollars.

Rating breakdown

  • Financial Efficiency: 75
  • Transparency & Controls: 56
  • Accountability: 67
  • Sustainability: 80
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 63.7%; rating input score 64
  • Program expense ratio: 87%; rating input score 87
  • Fundraising efficiency: $248.96 raised per $1 spent on fundraising; rating input score 93; 93rd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 93.8%; rating input score 94; 20th 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: 35.5%; rating input score 35; 14th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 66.7%; rating input score 67; 11th 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: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 46.4%; rating input score 91; 91st percentile among comparable filings
  • Total-asset coverage ratio: 21.59; rating input score 96; 96th percentile among comparable filings
  • Liabilities to assets ratio: 0.06; rating input score 67; 67th percentile among comparable filings
  • Officer compensation ratio: 19%; rating input score 13; 13th percentile among comparable filings

Growth

  • Program expense growth: -3.3% per year; rating input score 0; 7th percentile among comparable filings
  • Revenue growth: 1.2% per year; rating input score 100; 16th percentile among comparable filings
  • Asset growth: 9.7% per year; rating input score 100; 57th percentile among comparable filings

Details

  • Where the money goes: 63.7% of revenue deployed · 87% of spending went to programs
  • Governance: 14 of 21 board members independent · 6 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $3.9M in reported program spending
  • Leadership: top reported pay $3.4M · 26 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 26 of 27 current checks pass · 1 finding to review
  • Schedules: 8 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 10 filed money-flow records
  • Related organizations: 55 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 — Transparency & Controls: Grant itemization coverage scored 35/100.
  • Review — Accountability: Governance controls: 3 of 9 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 13/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.