Henry Heywood Memorial Hospital
Overview
Mission
To be our community's trusted choice for exceptional patient care.
What it reported doing in 2023
Heywood offers various outpatient services such as an Emergency Room, Outpatient oncology and hematology advanced imaging, special procedures, rehabilitation services and many others on an outpatient basis.Heywood offers Inpatient services including telemetry, intensive care, maternity, pediatrics, geriatric and adult inpatient care and inpatient adult mental health.Heywood has eleven specialty and one Primary Care, provider based practices. The primary care practice focuses on Pediatrics and Family Practice, and the specialty care practices focus on the areas of Cardiology, Endocrinology, Gastroenterology, Gynecology/Obstetrics, Orthopedics, Pulmonology, Urology and General Surgery.
Operating model
- Revenue model
- Earned-program. 98% 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
- 042103581
- IRS 990 coverage
- 2009–2023
- Forms available
- Form 990 2023
- Headquarters
- Gardner, MA, USA
- Rating
- 82
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Hospitals
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 81
- Transparency & Controls: 96
- Accountability: 76
- Sustainability: 18
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 89.6%; rating input score 90
- Program expense ratio: 85.3%; rating input score 85
- Fundraising efficiency: $4.86 raised per $1 spent on fundraising; rating input score 21; 21st percentile among comparable filings
Transparency & Controls
- Consistency checks: 93.3%; rating input score 93; 24th percentile among comparable filings
- Pay-setting controls: 6 of 6 controls in place; rating input score 100
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- 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: 75%; rating input score 75; 24th percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 78
- Public governance controls: Limited
- Zakat policy transparency: Limited
Sustainability
- Operating margin: -5.1%; rating input score 15; 15th percentile among comparable filings
- Operating reserve ratio: 0.47; rating input score 17; 17th percentile among comparable filings
- Liabilities to assets ratio: 1.23; rating input score 3; 3rd percentile among comparable filings
- Officer compensation ratio: 2.3%; rating input score 48; 48th percentile among comparable filings
Growth
- Program expense growth: 6.3% per year; rating input score 100; 53rd percentile among comparable filings
- Revenue growth: 4.8% per year; rating input score 100; 43rd percentile among comparable filings
- Asset growth: 1.9% per year; rating input score 100; 15th percentile among comparable filings
Details
- Where the money goes: 89.6% of revenue deployed · 85.3% of spending went to programs
- Governance: 15 of 20 board members independent · 7 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $172.1M in reported program spending
- Leadership: top reported pay $882K · 28 people listed · 6 of 6 pay-setting controls reported
- Consistency: 30 of 30 current checks pass
- Schedules: 10 filed schedules · includes major donors and executive pay
- Filing history: 15 annual filings from 2009 to 2023
- Money network: 9 filed money-flow records
- Related organizations: 8 filed related-organization links