The Healthfund of Minnesota

Nonprofit profile at a glance

EIN
411555901
IRS 990 coverage
2009–2013
Forms available
Form 990 2013
Location
Minneapolis, MN, USA
Phone
6123152947
Rating
74
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Fund Raising and/or Fund Distribution

Official website

Reported finances

Revenue
$2,257,316
Expenses
$2,257,316
Assets
$2,277,581
Liabilities
$1,263,400

Source: IRS Form 990. Selected filing: tax year 2013. Amounts in USD.

Leadership & pay

17 people listed

Executive titles in this filing

  • KIMBERLY MAGEAU (PRESIDENT AND CEO)
  • GENE DUNCAN (SENIOR VICE PRESIDENT)

Highest reported compensation

  • KIMBERLY MAGEAU (PRESIDENT AND CEO): $163,607 total reported compensation
  • GENE DUNCAN (SENIOR VICE PRESIDENT): $120,451 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2013. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Community health charities Minnesota (chcm) supports 38 well-known and trusted charities that provide research, prevention and direct programs for people affected by chronic illness and their caregivers. Chcm partners with employers to make an impact on the health of their employees, customers and community by acting as the conduit for individuals in the workplace to engage in health causes they care about through education, giving and volunteerism.

What it reported doing in 2013

Promotion of member charities' programsyear-round workplace promotion of member charities' health education programs, direct services and resources:* health matters at work: online resources and onsite health education seminars with 60 programs on health and chronic illness: 30 on-site programs completed in fy 2014, directly educating 1,420 individuals; 14 online programs completed in fy 2014, directly educating more than 160 individuals.* health and information fairs: health screenings, information and resources at workplace health and wellness fairs; 28 health and information fairs presented in fy 2014.* inspirational speakers: chcm recruits and trains volunteer representatives from member charities to share their personal stories. Speakers presented at 57 speaking engagements in fy 2014.* chcm website: features member charity information, resources and volunteer opportunities. Year-round workplace promotion of member health charities' needs for volunteer support and donated goods:* hero project: one-time or ongoing opportunities for individual or groups at participating companies to do volunteer service with our member charities. * donated goods drives: on-site collection of items requested by member charities.the organization communicates regularly with member charity staff and volunteer officers:* executive directors council: chcm convenes top staff officers quarterly. Agendas are centered on growth, accountable nonprofit management practices and community impact.* annual business reviews: chcm presents annually to member charity board of directors. Presentation includes results in giving and participation, and strategic growth initiatives.

Operating model

Revenue model
Donor-supported. 99% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 90% of its reported program spending out as grants.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Revenue has declined or grown slowly and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 74
  • Transparency & Controls: 71
  • Accountability: 100
  • Sustainability: 34
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 80.3%; rating input score 80
  • Program expense ratio: 80.3%; rating input score 80
  • Fundraising efficiency: $6.48 raised per $1 spent on fundraising; rating input score 29; 29th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 93.3%; rating input score 93; 14th percentile among comparable filings
  • Pay-setting controls: 1 of 6 controls in place; rating input score 17
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 89.9%; rating input score 90; 24th 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; 65th percentile among comparable filings
  • Governance controls: 8 of 8 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 0%; rating input score 34; 34th percentile among comparable filings
  • Total-asset coverage ratio: 1.01; rating input score 45; 45th percentile among comparable filings
  • Liabilities to assets ratio: 0.55; rating input score 25; 25th percentile among comparable filings
  • Officer compensation ratio: 12.6%; rating input score 16; 16th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: -3.7% per year; rating input score 0; 18th percentile among comparable filings
  • Asset growth: 2% per year; rating input score 100; 41st percentile among comparable filings

Details

  • Where the money goes: 80.3% of revenue deployed · 80.3% of spending went to programs
  • Governance: 14 of 14 board members independent · 8 of 8 filing controls reported
  • Programs: 2 filed program accomplishments · $1.8M in reported program spending
  • Leadership: top reported pay $164K · 17 people listed · 1 of 6 pay-setting controls reported
  • Consistency: 32 of 33 current checks pass · 1 finding to review
  • Schedules: 6 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 5 filing years from 2009 to 2013
  • Contacts: How to reach this organization
  • Money network: 47 filed money-flow records
  • Related organizations: 45 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 — Growth: Revenue growth scored 0/100.
  • High — Financial Efficiency: Fundraising efficiency scored 29/100.
  • Moderate — Sustainability: Operating margin scored 34/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 45/100.
  • High — Sustainability: Officer compensation ratio scored 16/100.
  • High — Sustainability: Liabilities to assets ratio scored 25/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.