Winona Health Foundation

Nonprofit profile at a glance

EIN
411879744
IRS 990 coverage
2009–2024
Forms available
Form 990 2024
Location
Winona, MN, USA
Phone
5074543650
Rating
67
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Single Organization Support

Official website

Reported finances

Revenue
$3,368,093
Expenses
$1,911,732
Assets
$68,090,807
Liabilities
$3,941,628

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

Leadership & pay

18 people listed

Executive titles in this filing

  • Rachelle Heising-Schultz (President/CEO/Director)

Highest reported compensation

  • Matthew Broghammer MD (Director): $632,019 total reported compensation
  • Rachelle Heising-Schultz (President/CEO/Director): $581,915 total reported compensation
  • Katrina Hammel MD (Director): $422,762 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 mission of the Winona Health Foundation is to gather, steward, and distribute resources needed to support and advance the mission of Winona Health and its affiliates.

What it reported doing in 2024

The Winona Health Foundation assists Winona Health in achieving its mission to inspire, recognize, and empower the caregiver in all of us. The geographic scope is the City of Winona and surrounding communities in Minnesota and Wisconsin. The Foundation makes grants and contributions to Winona Health's nonprofit affiliates including Winona Health Services and Winona Senior Services. Winona Health Services includes a 49-bed primary care hospital that also includes an emergency department, provides outpatient mental health services, rehabilitative and dialysis services, outpatient diagnostics and ambulatory surgery. (Continued on Schedule O)It also includes primary care clinics in Winona and Rushford, Minnesota, and specialty clinics including sports and orthopedic specialists, eye care center, pain management center, psychiatric and counseling services, occupational health, durable medical equipment, retail pharmacy and urgent care clinic. Winona Senior Services includes Lake Winona Manor, a 80-bed skilled nursing facility, Adith Miller and Roger Metz Manors, 20-bed assisted living facilities for memory care, Watkins Manor an assisted living facility for 59 seniors, and hospice services.In the mid-80s, Benjamin A. Miller, a former Winona-area businessman and philanthropist, established the Ben & Adith Miller Patient Care Fund in the Winona Health Foundation in honor of his wife, Adith. The Ben & Adith Miller Patient Care Fund is a unique community resource that helps individuals and families pay for unexpected medical expenses incurred while seeking care at Winona Health.

Operating model

Revenue model
Investment-supported. 81% of the money available for current operations came from recurring investment income.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

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 fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 61
  • Transparency & Controls: 71
  • Accountability: 73
  • Sustainability: 80
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 63.4%; rating input score 63
  • Program expense ratio: 78.5%; rating input score 78
  • Fundraising efficiency: $1.71 raised per $1 spent on fundraising; rating input score 4; 4th 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: 99.9%; rating input score 100; 41st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 68.8%; rating input score 69; 11th 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: 43.2%; rating input score 90; 90th percentile among comparable filings
  • Total-asset coverage ratio: 35.62; rating input score 98; 98th percentile among comparable filings
  • Liabilities to assets ratio: 0.06; rating input score 68; 68th percentile among comparable filings
  • Officer compensation ratio: 21.1%; rating input score 11; 11th percentile among comparable filings

Growth

  • Program expense growth: -0.6% per year; rating input score 0; 12th percentile among comparable filings
  • Revenue growth: 0.7% per year; rating input score 100; 14th percentile among comparable filings
  • Asset growth: 5.4% per year; rating input score 100; 37th percentile among comparable filings

Details

  • Where the money goes: 63.4% of revenue deployed · 78.5% of spending went to programs
  • Governance: 11 of 16 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $1.5M in reported program spending
  • Leadership: top reported pay $632K · 18 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 28 of 28 current checks pass
  • Schedules: 8 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: 5 filed money-flow records
  • Related organizations: 6 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.
  • High — Financial Efficiency: Fundraising efficiency scored 4/100.
  • High — Growth: Program expense growth scored 0/100.
  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • High — Sustainability: Officer compensation ratio scored 11/100.