Mercy Health Foundation Of Oklahoma

Charity Navigator Rating: 37%, Zero-Star out of Four Star rating.

The Mercy Health Foundation Of Oklahoma has received a low rating primarily due to its performance in accountability and finance, achieving a score of only 37%. The foundation has no independent board members, which raises concerns about governance and oversight. While it has policies in place regarding conflicts of interest and whistleblowing, the absence of independent members on the board is a significant drawback that likely contributed to its low score.

Additionally, the foundation's financial ratios are concerning; it has a program expense ratio of only 16.57%, indicating that a small percentage of its expenses are directed towards fulfilling its mission. Although the organization lists its tax form on its website, it has failed to post the required documents as indicated on Form 990. This lack of transparency, coupled with its high liabilities relative to assets, further complicates its financial standing.

While the foundation has policies for document retention and board meeting minutes, the overall lack of independent governance and low program expenses suggest that potential donors may want to exercise caution. Improvements in board composition and financial management could enhance its operations and rating in the future.

This AI summary has been generated from information found on Charity Navigator.

Mercy Health Foundation Of Oklahoma is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mercy Health Foundation Of Oklahoma submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $157,456

For more financial information, click here

Official website here: www.mercy.net