Ihn Sourcing Group

The information for Ihn Sourcing Group is as of the organization's most recent filing in December 2021. This organization is located in Canton, OH. It has been in existence for 9 years, following its founding in 2012.

Organization Classification

The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.

The Ihn Sourcing Group's NTEE code is E19. The "E" tells us that the organization is classified along with the Health Care sector. The "19" tells us that the organization is classified as Support N.E.C. within the Health Care sector. The NTEE describes Support N.E.C. organizations as those that provide all forms of support except for financial assistance, fund raising, or patient care services for other organizations within the Health General and Rehabilitative major group area.

Every organization is also governed by a specific section of the Internal Revenue Code. This organization happens to fall under section 3 of the Internal Revenue Code, which includes Religious, Educational, Charitable, Scientific, Literary, Testing for Public Safety, to Foster National or International Amateur Sports Competition, or Prevention of Cruelty to Children or Animals Organizations.

Perhaps the most accurate way to understand the organization's goals and objectives is by looking at its mission. The mission of the Ihn Sourcing Group is to improve the quality and efficiency of health care services for the organizations it supports.

Program Areas

The organization's general fund encompasses all aspects of revenue, support, and functional expenses that are not specifically accounted for by another fund or program. Its main objective is to enhance the quality and efficiency of healthcare services, as well as improve access to these services for participating hospitals, healthcare systems, and their respective communities. Additionally, the organization provides centralized services permitted under section 501(e) of the Internal Revenue Code to participating hospitals and healthcare systems.

Board Governance

Ihn Sourcing Group appears to be well-governed based on the information provided. The organization has a total of 25 voting members, with 23 of them being independent. This indicates that the organization values diverse perspectives and is less likely to be influenced by personal interests or biases. Furthermore, the absence of potential conflicts of interest suggests that the board members are committed to the organization's mission and are focused on its success rather than personal gain. The fact that the organization has delegated management to an outside firm can be seen as a positive aspect, as it allows for professional expertise and specialized knowledge to be utilized in the day-to-day operations. This decision may also indicate that the board members recognize the importance of focusing on strategic decision-making rather than getting involved in operational details. The documentation of both board meetings and committee meetings is another positive sign of good governance. This practice ensures transparency and accountability within the organization, as decisions and discussions are recorded for reference and review. Additionally, the presence of a conflict of interest policy and the requirement for disclosure of conflicts demonstrate the organization's commitment to ethical conduct and the avoidance of potential conflicts that could compromise its integrity. However, there are a few areas where Ihn Sourcing Group could improve its governance practices. The organization does not have a written whistleblower policy, which could limit the ability of employees or stakeholders to report any wrongdoing or unethical behavior. Similarly, the absence of a document retention policy raises concerns about the organization's ability to maintain and protect important records and information. Additionally, the organization does not substantiate or review leadership or officer's salaries. While this may not necessarily indicate improper compensation practices, it could be beneficial for the organization to have a process in place to ensure that salaries are reasonable and in line with industry standards. Overall, Ihn Sourcing Group demonstrates several positive governance practices, such as a strong board composition, documentation of meetings, and the presence of a conflict of interest policy. However, there are areas where the organization could further enhance its governance framework, particularly in terms of whistleblower protection, document retention, and salary review processes.

Organization Growth

Based on the given data, it can be concluded that Ihn Sourcing Group, a nonprofit organization, has experienced a decrease in its program service revenue, total revenue, and total expenses over the given time period from 2014 to 2021. This suggests that the organization has not grown but rather experienced a decline in its financial performance.