United Hospital Foundation

Nonprofit profile at a glance

EIN
237420998
IRS 990 coverage
2010–2022
Forms available
Form 990 2022
Location
Minneapolis, MN, USA
Phone
6122620660
Rating
47
Verdict
MIXED
Rating confidence
Moderate
Sector
Single Organization Support

Official website

Reported finances

Revenue
$742,398
Expenses
$321,384
Assets
$0
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2022. Amounts in USD.

Leadership & pay

35 people listed

Executive titles in this filing

  • DAVID BYRD (DIRECTOR/PRESIDENT)

Highest reported compensation

  • SARA CRIGER (DIRECTOR): $1,681,503 total reported compensation
  • RICHARD MAGNUSON (CFO): $1,474,410 total reported compensation
  • JOSE BERNARD MD (DIRECTOR): $702,475 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2022. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

United hospital foundation exists to enhance the health of united hospital patients and the wellness of the community we serve. The foundation, year after year, has proven that a true partnership between community and hospital guarantees the best possible care, enabling united hospital to continue to be the leading provider of patient care in the east metro area of saint paul. The foundation raises money through funding from corporations, foundations, major gifts, capital campaigns, special events and telefundraising. The campaigns conducted by the foundation support the united hospital programs and services, which are continually fine-tuned to evolving healthcare developments and changing community needs. Ultimately, our patients receive the benefit of the very latest technologies and treatment options. The foundation assists with funding the strategic financial plans of the hospital, supplements hospital capital funds, and secures needed equipment, programs & facilities.

What it reported doing in 2022

Medical staff education & research -funding is granted to applicants who submit an application for medical education and research programs at united hospital that support its mission, values, and strategic goals and plans. These may include research, publication, education projects, developmental projects with clinical applications, and education meetings for the benefit of full and part-time united hospital-based physicians and other health professionals.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.

The verdict

MIXED - The filed numbers largely add up and most voting board members are independent. 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: 16
  • Transparency & Controls: 71
  • Accountability: 85
  • Sustainability: 44
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 14.5%; rating input score 15
  • Program expense ratio: 16.6%; rating input score 17
  • Fundraising efficiency: $5.1 raised per $1 spent on fundraising; rating input score 17; 17th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd 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; 76th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 75%; rating input score 75; 15th percentile among comparable filings
  • Governance controls: 9 of 9 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: 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: 56.7%; rating input score 94; 94th 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: 161.4%; rating input score 0; 0th percentile among comparable filings

Growth

  • Program expense growth: -14.4% per year; rating input score 0; 4th percentile among comparable filings
  • Revenue growth: -6.7% per year; rating input score 0; 5th percentile among comparable filings
  • Asset growth: -3% per year; rating input score 0; 10th percentile among comparable filings

Details

  • Where the money goes: 14.5% of revenue deployed · 16.6% of spending went to programs
  • Governance: 21 of 28 board members independent · 9 of 9 filing controls reported
  • Programs: 2 filed program accomplishments · $53K in reported program spending
  • Leadership: top reported pay $1.7M · 35 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 19 of 19 current checks pass
  • Schedules: 8 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 12 filing years from 2010 to 2022
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 34 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 15/100.
  • High — Financial Efficiency: Program expense ratio scored 17/100.
  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • High — Financial Efficiency: Fundraising efficiency scored 17/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 0/100.