Valley Children's Healthcare Foundation

What it reported doing in 2024

The valley children's healthcare foundation is a charitable tax-exempt organization benefiting valley children's healthcare and its affiliated entities, valley children's hospital and valley children's medical group. The foundation's mission is clear and unequivocal: "generate funds to support the goals of valley children's healthcare and its affiliated entities, valley children's hospital and valley children's medical group."as the fundraising arm of valley children's healthcare and its affiliates, the foundation utilizes a variety of programs to raise philanthropic funds to meet valley children's healthcare's mission. The foundation is a participating member of the children's miracle network, and other widely anticipated valley events, including the harvest ball. In addition, the foundation has developed corporate, annual cause-marketing, outside special events, tributes, direct mail, and major and planned gift programs.while the only "member" of the foundation is valley children's healthcare, the work of the foundation is directed and assisted by the board of directors comprising 16 volunteer community members.founded in 1981, the foundation has developed and led community-based philanthropic efforts to support the hospital in addition to the work of the hospital guilds. In its initial years, the foundation's fund raising efforts were largely focused on special events and annual programs. Presently the foundation is focused on building programs to support a major gifts culture to compliment the core annual funding programs.

Financial Efficiency

• Mission deployment rate: 48.9%; rating input score 49
• Program expense ratio: 66.7%; rating input score 67
• Fundraising efficiency: $6.59 raised per $1 spent on fundraising; rating input score 27; 27th percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 62nd 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; 72nd percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 78.9%; rating input score 79; 15th percentile among comparable filings
• Governance controls: 7 of 9 controls in place; rating input score 78
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Fail
  • Other executive compensation review process: Fail
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 39.5%; rating input score 91; 91st percentile among comparable filings
• Total-asset coverage ratio: 4.33; rating input score 83; 83rd percentile among comparable filings
• Liabilities to assets ratio: 0.02; rating input score 89; 89th percentile among comparable filings
• Officer compensation ratio: 1.9%; rating input score 78; 78th percentile among comparable filings

Growth

• Program expense growth: -4.1% per year; rating input score 0; 4th percentile among comparable filings
• Revenue growth: 7.1% per year; rating input score 100; 60th percentile among comparable filings
• Asset growth: 0.4% per year; rating input score 100; 12th percentile among comparable filings