Tipton County Health Care Foundation Inc

Nonprofit profile at a glance

EIN
311231905
IRS 990 coverage
2014–2017
Forms available
Form 990 2017, Form 990-EZ 2013
Location
Indianapolis, IN, USA
Phone
3179634842
Rating
38
Verdict
REVIEW
Rating confidence
Moderate
Sector
Single Organization Support

Reported finances

Revenue
$24,641
Expenses
$17,469
Assets
$0
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2017. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • TAMERA N BROWN (DIRECTOR/PRESIDENT)
  • TRACY E MILLER (DIRECTOR/VICE PRESIDENT)
  • MICHAEL L HARLOWE (PRESIDENT (IUH TIPTON HOSP.))

Highest reported compensation

  • MICHAEL L HARLOWE (PRESIDENT (IUH TIPTON HOSP.)): $319,696 total reported compensation
  • TRACY E MILLER (DIRECTOR/VICE PRESIDENT): $163,421 total reported compensation
  • TAMERA N BROWN (DIRECTOR/PRESIDENT): $3,600 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2017. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Benefit, perform, and carry out the charitable, educational, and other exempt purposes of Indiana university health tipton hospital, inc. ("iu health tipton hospital").

What it reported doing in 2017

Tipton County Health Care Foundation, Inc. ("Tipton County Health Care Foundation") supports a variety of projects, including capital improvements, educational programs, medical or hospital related research, financial assistance for the improvement of the health, safety, and general welfare of individuals, and other services related to or in support of Indiana University Health Tipton Hospital, Inc. ("IU Health Tipton Hospital"). Tipton County Health Care Foundation has several endowed funds, managed by the Tipton County Foundation, to support IU Health Tipton Hospital. IU Health Tipton Hospital Scholarship Endowment The IU Health Tipton Hospital Team Members Scholarship was established in 1988 as a Christmas gift to IU Health Tipton Hospital team members by three physicians: Dr. Michael Harper, Dr. Destry Lambert and Dr. Robert Kurtz. Other medical staff members also contributed, and each year the donated money was divided between a graduate of Tipton High School and a graduate of Tri-Central High School, each of whom planned to prepare for a healthcare career. In 1994, the medical staff embarked upon a campaign to solicit donations from both staff physicians and team members. The donations were made part of the hospitals new endowment fund within the Tipton County Foundation. Beginning in 1995, the scholarship awards came from interest income earned by the scholarship endowment. Eligible to apply for the scholarships are Tipton High School seniors, Tri-Central High School seniors, Tipton County home-schooled seniors, and senior students of IU Health Tipton Hospital Associates pursuing a healthcare career. At least one scholarship will be awarded to seniors from each of the county schools.

Operating model

Revenue model
Donor-supported. 89% of the money available for current operations came from contributions and gifts.
Distribution model
No current program activity. The filing reports no program spending for the current year.

The verdict

REVIEW - Most voting board members are independent and program spending has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 0
  • Transparency & Controls: 55
  • Accountability: 75
  • Sustainability: 39
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0%; rating input score 0
  • Program expense ratio: 0%; rating input score 0
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 85.7%; rating input score 86; 3rd 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: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 75%; rating input score 75; 23rd 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: Fail
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 29.1%; rating input score 81; 81st percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 2; 2nd percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 368.6%; rating input score 2; 2nd percentile among comparable filings

Growth

  • Program expense growth: 29.7% per year; rating input score 100; 89th percentile among comparable filings
  • Revenue growth: 3.8% per year; rating input score 100; 73rd percentile among comparable filings
  • Asset growth: 14.8% per year; rating input score 100; 87th percentile among comparable filings

Details

  • Where the money goes: 0% of revenue deployed · 0% of spending went to programs
  • Governance: 3 of 4 board members independent · 6 of 8 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $320K · 5 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 16 of 17 current checks pass · 1 finding to review
  • Schedules: 7 filed schedules · includes executive pay
  • Filing history: 4 filing years from 2014 to 2017
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 84 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 — Financial Efficiency: Mission deployment rate scored 0/100.
  • High — Financial Efficiency: Program expense ratio scored 0/100.
  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • Review — Accountability: Governance controls: 2 of 8 not reported.
  • High — Sustainability: Total-asset coverage ratio scored 2/100.
  • Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
  • High — Sustainability: Officer compensation ratio scored 2/100.