Porter Hospital Inc

What it reported doing in 2023

Porter hospital, inc. ("porter") operates a not-for profit critical access hospital with patient care services including emergency room, maternity and medical/surgical inpatient and outpatient care, and ancillary services including rehabilitation, laboratory testing, and diagnostic imaging services. As a critical access hospital, porter staffs a total of 25 beds including the birthing unit. In addition, porter has an emergency room to serve the greater addison county community needs. Porter recorded approximately 8,645 inpatient days during the year. Emergency room visits totaled 13,921 for the year. Surgeries for the year totaled 3,661. Support services for both inpatients and outpatients include but are not limited to laboratory, diagnostic imaging services, cardiac services, and rehabilitation facilities. Imaging includes radiology, nuclear medicine, mri, ultrasound, and ct scan. Porter provides free care to patients who meet certain criteria. Porter provides a number of community health outreach programs to the general public for free. The programs include but are not limited to diabetes education, breast cancer screening, prenatal classes, breastfeeding classes, and cpr courses. Porter provides clinical office space to the open door clinic, which provides access to free quality healthcare services to those who are uninsured or underinsured until a permanent health care provider can be established. Finally, porter has partnered with local career centers, as well as colleges to provided clinical exposure to their students with goals of developing future healthcare workers for the community.

Financial Efficiency

• Mission deployment rate: 72.3%; rating input score 72
• Program expense ratio: 77.8%; rating input score 78
• Fundraising efficiency: $9.48 raised per $1 spent on fundraising; rating input score 40; 40th percentile among comparable filings

Transparency & Controls

• Consistency checks: 92.9%; rating input score 93; 17th 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: Limited
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Yes; rating input score 100

Accountability

• Independent voting board: 92.9%; rating input score 93; 44th 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: 6.4%; rating input score 65; 65th percentile among comparable filings
• Total-asset coverage ratio: 0.88; rating input score 35; 35th percentile among comparable filings
• Liabilities to assets ratio: 0.27; rating input score 61; 61st percentile among comparable filings
• Officer compensation ratio: 1.6%; rating input score 62; 62nd percentile among comparable filings

Growth

• Program expense growth: 3.2% per year; rating input score 100; 26th percentile among comparable filings
• Revenue growth: 5.2% per year; rating input score 100; 47th percentile among comparable filings
• Asset growth: 5.1% per year; rating input score 100; 38th percentile among comparable filings