The Fairbanks Institute for Healthy Communities Inc
Nonprofit profile at a glance
- EIN
- 204588519
- IRS 990 coverage
- 2013–2013
- Forms available
- Form 990 2013
- Location
- Indianapolis, IN, USA
- Phone
- 3172382466
- Rating
- 70
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Community, Neighborhood Development
Reported finances
- Revenue
- $617,279
- Expenses
- $593,214
- Assets
- $0
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2013. Amounts in USD.
Leadership & pay
3 people listed
Highest reported compensation
- MR DAVID L JOHNSON (DIRECTOR): $505,926 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2013. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The fairbanks institute for healthy communities, inc. ("fihc"), is organized and operated exclusively to further the charitable, educational, and scientific purposes of its 5 supported organizations: central Indiana corporate partnership, inc., the city of indianapolis, Indiana university, Indiana state department of health, and the health and hospital corporation of marion county. Fihc intends to accomplish such purposes by creating a community-based research laboratory "platform" to conduct basic and translational research aimed at predicting, preventing, and treating age-related diseases. Fihc's goal in designing this platform is to assemble and maintain a rich and comprehensive collection of disease-specific data for a variety of age-related conditions and diseases. It is hoped that such data, when developed by academic users and industry participants, will lead to advances in basic and applied research for the purpose of improving health care and public health.
What it reported doing in 2013
The fairbanks institute for healthy communities is the sponsor of the Indiana health study. By studying Indiana communities, the Indiana health study will allow researchers to better understand the causes of common diseases such as heart disease, cancer and diabetes. The mission of the fairbanks institute is to improve the health of Indiana communities by facilitating research that leads to better ways to prevent, diagnose and treat disease. A not-for-profit organization, the fairbanks institute is a local initiative that will have national impact.
Operating model
- Revenue model
- Donor-supported. 97% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 89% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Total assets are small relative to annual expenses; liquid coverage is unknown and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 72
- Transparency & Controls: 87
- Accountability: 70
- Sustainability: 30
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 79.7%; rating input score 80
- Program expense ratio: 83%; rating input score 83
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 4 of 6 controls in place; rating input score 67
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Pass
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 73rd 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; 12th percentile among comparable filings
- Governance controls: 6 of 8 controls in place; rating input score 75
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 3.9%; rating input score 53; 53rd 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: 9%; rating input score 39; 39th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 79.7% of revenue deployed · 83% of spending went to programs
- Governance: 2 of 3 board members independent · 6 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $492K in reported program spending
- Leadership: top reported pay $506K · 3 people listed · 4 of 6 pay-setting controls reported
- Highest-paid contractors: 1 contractor listed · $172K reported
- Consistency: 24 of 24 current checks pass
- Schedules: 7 filed schedules · includes major donors, grants, and executive pay
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: 6 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 — Sustainability: Total-asset coverage ratio scored 0/100.
- Review — Sustainability: Operating margin scored 53/100.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.
- Moderate — Sustainability: Officer compensation ratio scored 39/100.