Civic Intelligence

Sherman Health Foundation

990 • Fiscal year 2010 • EIN 32-0106211

May 01, 2009 to Apr 30, 2010 • Filed on Mar 10, 2011

Organization ProfileWWW.SHERMANHEALTHFOUNDATION.COM
1425 N Randall Road60123
Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

69th percentile

0.37x

Higher debt load relative to assets than 69% of similar nonprofits.

2010 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2010

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2010

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2010

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2010

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2010

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets69th percentile

Assets

$1,296,833

No earlier filing loaded for comparison.

Net Assets

$813,118

No earlier filing loaded for comparison.

Liabilities

$483,715

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

$1,029,171

No earlier filing loaded for comparison.

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$2.0M$1.5M$1.0M$500K$0Assets 2010: $1,296,833Liabilities 2010: $483,715Net Assets 2010: $813,1182010Assets 2011: $1,429,425Liabilities 2011: $594,770Net Assets 2011: $834,6552011Assets 2012: $820,907Liabilities 2012: $9,593Net Assets 2012: $811,3142012Assets 2013: $1,596,785Liabilities 2013: $5,035Net Assets 2013: $1,591,7502013Assets 2014: $1,613,204Liabilities 2014: $63,634Net Assets 2014: $1,549,5702014Assets 2015: $0Liabilities 2015: $0Net Assets 2015: $02015Assets 2019: $0Liabilities 2019: $0Net Assets 2019: $02019Assets 2020: $0Liabilities 2020: $0Net Assets 2020: $02020Assets 2021: $0Liabilities 2021: $0Net Assets 2021: $02021Assets 2022: $0Liabilities 2022: $0Net Assets 2022: $02022Assets 2023: $0Liabilities 2023: $0Net Assets 2023: $02023Assets 2024: $0Liabilities 2024: $0Net Assets 2024: $02024

Highlighted filing

2010

Assets$1,296,833
Liabilities$483,715
Net Assets$813,118
Open 2010 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KExpenses 2010: $1,029,1712010Expenses 2011: $587,5832011Expenses 2012: $498,9152012Expenses 2013: $456,4812013Revenue 2014: $26,425Expenses 2014: $81,701Net Income 2014: -$55,2762014Revenue 2015: $0Expenses 2015: $0Net Income 2015: $02015Revenue 2022: $0Expenses 2022: $0Net Income 2022: $02022Revenue 2023: $0Expenses 2023: $0Net Income 2023: $02023Revenue 2024: $0Expenses 2024: $0Net Income 2024: $02024

Highlighted filing

2010

Revenue-
Expenses$1,029,171
Net Income-
Open 2010 Filing
Jump To
Filing Snapshot
Filing Period
May 1, 2009 to Apr 30, 2010
Signed
Mar 10, 2011
Return Version
2009v1.7
Gross Receipts
$1,203,271
Mission and Program Overview

Mission

To inspire and steward philanthropy in support of Sherman Health's quest to preserve and restore health for residents of our area.

Filing and Contact Details

Filer

EIN
32-0106211
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IRS990ScheduleD/Form990ScheduleDPartXIV/Explanation0Sherman is primarily comprised of not-for-profit corporations as described in section 501(c)(3) of the Internal Revenue Code (Code). Section 501(c)(3) organizations are exempt from federal income taxes on related income on those entities pursuant to section 501(a) of the Code. None of Sherman's not-for-profit organizations have significant unrelated business activities. Sherman uses an asset and liability approach for financial accounting and reporting purposes as it relates to income taxes. Deferred tax liabilities and assets are determined based upon the difference between the financial statement and tax basis of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse. Sherman Health Systems and its not-for-profit affiliates file the applicable Form 990s (Return of Organization Exempt from Income Tax) annually. When these returns are filed, it is highly certain that some positions taken would be sustained upon examination by the taxing authorities, while others are subject to uncertainty about the merits of the position taken or the amount of the position that would ultimately be sustained. Examples of tax positions common to Health Systems include such matters as the following: the tax exempt status of each entity, the continued tax exempt status of bonds issued by the obligated group, the nature, characterization and taxability of joint venture income and various positions relative to potential sources of unrelated business taxable income (UBIT). UBIT is reported on Form 990T, as appropriate. The benefit of a tax position is recognized in the consolidated financial statements in the period during which, based on all available evidence, management believes that it is more likely than not that the position will be sustained upon examination, including the resolution of appeals or litigation processes, if any.
IRS990ScheduleD/Form990ScheduleDPartXIV/Identifier0Part X:
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IRS990ScheduleJ/Form990ScheduleJPartIII/Explanation0Supplemental Executive Retirement Plan Participants: Richard Floyd - $90,642 Eric Krueger - $25,274
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IRS990ScheduleO/GeneralExplanation/Explanation0The sole member of Foundation is Sherman Health Systems (SHS).
IRS990ScheduleO/GeneralExplanation/Explanation1See Part VI, Section A, Line 7b explanation.
IRS990ScheduleO/GeneralExplanation/Explanation2The following decisions of Foundation's board of directors requires approval from SHS, as its sole member: -To appoint the trustees of the Corporation; -To remove a trustee of the Corporation at any time, with or without cause; -To appoint the Chairman and Vice Chairman of the Corporation, and all officers of the Corporation who are not also employees of the Corporation; -To unilaterally approve and amend the articles of incorporation and bylaws of the Corporation before the same become effective; -To approve, interpret or change the statement of the Corporation's purpose before the same becomes effective; -To approve each annual operating and capital budget and long-range plan of the Corporation before expenditures may be made therefrom; -To approve the appointment of independent auditors, all accounting policies, internal auditors (if any) and all investment guidelines; -To approve all contracts obligating the Corporation to expend or repay an amount in excess of $100,000, and which was not included in a previously approved annual budget; -To approve all plans of merger, consolidation or voluntary dissolution of the Corporation; -To approve the sale, lease, exchange, mortgage, pledge or other diposition of more than $100,000 in value of property and assets of the Corporation in any one year which is not within an approved budget; -To approve the creation of majority controlled or owned subsidiaries or affiliates by the Corporation; -To approve the Corporation's incurring debt, including intra-system debt, or obligating its assets in excess of an amount designated by the Member, unless such debt or obligation was included in a budget previously approved by the Member; -To approve corporate acquisitions by the Corporation of any joint venture; -To approve investments by the Corporation in excess of an amount designated by the Member, unless such investment was included in a budget previously approved by the Member
IRS990ScheduleO/GeneralExplanation/Explanation3Foundation's financial staff gathers the necessary information for the tax advisor to prepare the Form 990. The tax advisor and financial management review the Form 990 and submit the completed form to the audit committee for review and approval. The audit committee meets with the tax advisor to discuss and approve form 990 for filing. A copy of form 990 is distributed to the organization's governing body prior to filing.
IRS990ScheduleO/GeneralExplanation/Explanation4Each director, principal officer and member of a committee with board-delegated powers shall annually sign a statement, which affirms that such person: a) has received a copy of the conflict of interest policy, b) has read and understands the policy, c) has agreed to comply with the policy, and d) understands that Foundation is a charitable organization and that in order to maintain federal tax exemption it must engage primarily in activities which accomplish one or more of its tax-exempt purposes. To ensure that Foundation operates in a manner consistent with its charitable purposes and that it does not engage in activities that could jeopardize its status as an organization exempt from federal income tax, periodic reviews shall be conducted.
IRS990ScheduleO/GeneralExplanation/Explanation5Market evaluations will be conducted on a periodic basis for all positions within the Sherman Health System. The evaluation process consists of review of established salary benchmarks for market competitiveness, and evaluation of turnover and retention. The salary and executive compensation committee is responsible for evaluating the performance of and establishing the compensation and benefits for the senior management of the parent corporation and its affiliates.
IRS990ScheduleO/GeneralExplanation/Explanation6All organization governing documents, the conflict of interest policy, and financial statements are made available to the public upon request.
IRS990ScheduleO/GeneralExplanation/Explanation7Richard Floyd: Sherman Hospital-34 hrs; Sherman Health Systems-6hrs; Sherman West Court-1hr; Sherman Home Health Corporation-1hr Eric Krueger: Sherman Hospital-34 hrs; Sherman Health Systems-6hrs Joy Jensen: Sherman Hospital-4hrs
IRS990ScheduleO/GeneralExplanation/Identifier0Form 990, Part VI, Section A, line 6
IRS990ScheduleO/GeneralExplanation/Identifier1Form 990, Part VI, Section A, line 7a
IRS990ScheduleO/GeneralExplanation/Identifier2Form 990, Part VI, Section A, line 7b
IRS990ScheduleO/GeneralExplanation/Identifier3Form 990, Part VI, Section B, line 11
IRS990ScheduleO/GeneralExplanation/Identifier4Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/GeneralExplanation/Identifier5Form 990, Part VI, Section B, line 15
IRS990ScheduleO/GeneralExplanation/Identifier6Form 990, Part VI, Section C, line 19
IRS990ScheduleO/GeneralExplanation/Identifier7Form 990, Part VII, Hours Per Week Worked at Related Organizations:
IRS990/ScheduleORequired01

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2010 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$1,296,833
Liabilities
$483,715
Net assets
$813,118
Revenue
-
Expenses
$1,029,171
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.00$0.00$0.00$0.00$0.00$0.00
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.00$0.00$0.00$0.00$0.00$0.00
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.00$0.00$0.00$0.00$0.00$0.00
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.00$0.00$0.00
2020Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00
2019Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00
2015Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$0.00$0.00
2014Detailed filing. Detailed filing data is available for this year.$1.61$0.06$1.55$0.03$0.08$0.06
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.60$0.01$1.59$0.46
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.82$0.01$0.81$0.50
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.43$0.59$0.83$0.59
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.30$0.48$0.81$1.03