Valleycare Charitable Foundation

Nonprofit profile at a glance

EIN
942941652
IRS 990 coverage
2009–2020
Forms available
Form 990 2020
Location
Pleasanton, CA, USA
Phone
9253738087
Rating
84
Verdict
STRONG
Rating confidence
Moderate
Sector
Single Organization Support

Official website

Reported finances

Revenue
$24,638
Expenses
$3,593,330
Assets
$0
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2020. Amounts in USD.

Leadership & pay

12 people listed

People named in this filing

  • ROBERT SHAPIRO (CHAIR OF THE BOARD)
  • JOYCE SHAPIRO (TRUSTEE,VICE-CHAIR)
  • GARY ALT (TRUSTEE,VICE-CHAIR FINANCE)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2020. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Valleycare charitable foundation (vccf) is an independent, nonprofit 501(c)(3) charitable organization dedicated to the health and betterment of the tri-valley through our ongoing funding of our community hospital, stanford health care-valleycare (shc-vc) and its innovative programs. Forward-thinking and community-driven, we help ensure that our community has access to world-class medical care and lifesaving services and technology. To learn more about vccf and the impact of donations at shc-vc or to make a donation to support the world-class medical care and program at the hospital, visit givevalleycare.org or call 925-373-4560.

What it reported doing in 2020

On june 28, 2021, the hospital committee of the livermore-pleasanton areas doing business as stanford health care-valleycare (shc-vc) entered into a merger agreement with valleycare charitable foundation (vccf). Shc-vc is the owner and operator of a general acute care hospital, and vccf's purpose was to solicit, receive, and maintain gifts for the hospital. Under the merger agreement, vccf would be merged with and into shc-vc. The merger of vccf and shc-vc was consummated and became effective on july 12, 2021 upon the filing of the merger agreement with the secretary of state of California, leaving shc-vc as the sole surviving corporation. The last day of vccf's existence as a separate corporation was on july 11, 2021, and vccf transferred its remaining funds to shc-vc on july 13, 2021.

Operating model

Revenue model
Other-operating. 100% of the money available for current operations came from other operating revenue.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 89
  • Transparency & Controls: 93
  • Accountability: 88
  • Sustainability: 8
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 100%; rating input score 100
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 80th percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 5 of 7 controls in place; rating input score 71
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -14,484.5%; rating input score 1; 1st 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: 0%; rating input score 61; 61st percentile among comparable filings

Growth

  • Program expense growth: 33% per year; rating input score 100; 94th percentile among comparable filings
  • Revenue growth: -5.7% per year; rating input score 0; 48th percentile among comparable filings
  • Asset growth: 10.4% per year; rating input score 100; 81st percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 100% of spending went to programs
  • Governance: 12 of 12 board members independent · 5 of 7 filing controls reported
  • Programs: 2 filed program accomplishments · $3.6M in reported program spending
  • Leadership: top reported pay $0 · 12 people listed
  • Consistency: 13 of 13 current checks pass
  • Schedules: 5 filed schedules · includes grants
  • Filing history: 12 filing years from 2009 to 2020
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 1 filed related-organization link
  • 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 — Sustainability: Operating margin scored 1/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 2/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.