University Health Systems of Eastern Carolina Foundation Inc

Nonprofit profile at a glance

EIN
200777374
IRS 990 coverage
2009–2024
Forms available
Form 990 2024
Location
Greenville, NC, USA
Phone
2528475626
Rating
78
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Public Health Program (Includes General Health and Wellness Promotion Services)

Reported finances

Revenue
$8,068,282
Expenses
$4,231,648
Assets
$68,409,895
Liabilities
$24,171,420

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

Leadership & pay

25 people listed

Executive titles in this filing

  • MR SCOTT SENATORE (PRESIDENT)

Highest reported compensation

  • MR SCOTT SENATORE (PRESIDENT): $328,338 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 purpose of the university health systems of eastern carolina foundation (dba ecu health foundation), a non-profit corporation, is to give hope to eastern North Carolina and beyond by inspiring philanthropy to improve health, education, and well-being.

What it reported doing in 2024

Ecu health foundation supports the general public and communities served by university health systems of eastern carolina dba ecu health and its subsidiaries, affiliates, or equity partners by assisting and supporting financially the regional hospitals that are part of the ecu health system, and any other qualified health care provider, governmental entity and charitable organization formed for the promotion of health and wellness. This support is conducted through contributions to be used for equipment, research, education, patient and family support, community benefit, and direct health care services.

Operating model

Revenue model
Donor-supported. 61% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 100% 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. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and some filed totals do not add up.

Rating breakdown

  • Financial Efficiency: 69
  • Transparency & Controls: 70
  • Accountability: 100
  • Sustainability: 78
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 66%; rating input score 66
  • Program expense ratio: 95.9%; rating input score 96
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 88.9%; rating input score 89; 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: 98.9%; rating input score 99; 36th 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; 63rd 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: 47.6%; rating input score 91; 91st percentile among comparable filings
  • Total-asset coverage ratio: 16.17; rating input score 94; 94th percentile among comparable filings
  • Liabilities to assets ratio: 0.35; rating input score 30; 30th percentile among comparable filings
  • Officer compensation ratio: 7.8%; rating input score 38; 38th percentile among comparable filings

Growth

  • Program expense growth: 4.5% per year; rating input score 100; 37th percentile among comparable filings
  • Revenue growth: 13.8% per year; rating input score 100; 79th percentile among comparable filings
  • Asset growth: 16.5% per year; rating input score 100; 78th percentile among comparable filings

Details

  • Where the money goes: 66% of revenue deployed · 95.9% of spending went to programs
  • Governance: 20 of 20 board members independent · 8 of 8 filing controls reported
  • Programs: 2 filed program accomplishments · $4.1M in reported program spending
  • Leadership: top reported pay $328K · 25 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 24 of 26 current checks pass · 2 findings to review
  • Schedules: 7 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 16 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 44 filed money-flow records
  • Related organizations: 43 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: Schedule A contributions reconciliation did not reconcile in the filed values.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • Moderate — Sustainability: Liabilities to assets ratio scored 30/100.
  • Moderate — Sustainability: Officer compensation ratio scored 38/100.