Rumford Hospital
Overview
Mission
To provide exceptional healthcare services in a safe and trustfulenvironment through the expertise, commitment and compassion of ourfamily of caregivers.
What it reported doing in 2024
Rumford hospital is a critical access hospital, providing comprehensive primary care and sophisticated diagnostic services, including ct scanning, ultrasound and nuclear medicine. The hospital offers medical surgical nursing services, a birthing center, women's health services and ambulatory surgery. The swing bed program provides care for patients who need skilled nursing services. Rumford hospital also maintains a 24 hour emergency department and staffs an intensive care unit.
Operating model
- Revenue model
- Earned-program. 97% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The nonprofit carried out 100% of its reported program work directly.
Nonprofit profile at a glance
- EIN
- 010215227
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Headquarters
- Rumford, ME, USA
- Rating
- 73
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Hospitals
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing reports few safeguards for setting executive pay and available reserves provide a limited financial cushion.
Rating breakdown
- Financial Efficiency: 84
- Transparency & Controls: 64
- Accountability: 73
- Sustainability: 41
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 82.4%; rating input score 82
- Program expense ratio: 87%; rating input score 87
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 71st percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
- Public monitoring controls: Limited
- Public policy transparency: Limited
- Public financial transparency: Limited
- Impact reporting controls: Limited
- Public relationship transparency: Limited
Accountability
- Independent voting board: 76.9%; rating input score 77; 24th percentile among comparable filings
- Governance controls: 6 of 9 controls in place; rating input score 67
- Public governance controls: Limited
- Zakat policy transparency: Limited
Sustainability
- Operating margin: 5.6%; rating input score 59; 59th percentile among comparable filings
- Operating reserve ratio: 0.5; rating input score 18; 18th percentile among comparable filings
- Liabilities to assets ratio: 0.42; rating input score 43; 43rd percentile among comparable filings
- Officer compensation ratio: 4.3%; rating input score 22; 22nd percentile among comparable filings
Growth
- Program expense growth: 3.2% per year; rating input score 100; 24th percentile among comparable filings
- Revenue growth: 3.3% per year; rating input score 100; 26th percentile among comparable filings
- Asset growth: -0.7% per year; rating input score 0; 6th percentile among comparable filings
Details
- Where the money goes: 82.4% of revenue deployed · 87% of spending went to programs
- Governance: 10 of 13 board members independent · 6 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $43.8M in reported program spending
- Leadership: top reported pay $1.1M · 22 people listed · 0 of 6 pay-setting controls reported
- Consistency: 28 of 28 current checks pass
- Schedules: 7 filed schedules · includes executive pay
- Filing history: 16 annual filings from 2009 to 2024
- Money network: 5 filed money-flow records
- Related organizations: 12 filed related-organization links