Fairview Hospital

What it reported doing in 2023

Fairview hospital, a 25 bed critical access community hospital, is the primary provider of health care & access to health care services in southern berkshire county, ma. The hospital serves a rural area which includes towns in ma, northwest ct, & columbia county, ny with a full range of primary care services, including preventative, diagnostic & therapeutic care, on both an in- & out-patient basis. The primary service area has a resident population of approximately 30,000. The hospital plays an active role in meeting the health needs of the community outside the hospital walls in its proactive community outreach, education, & screening initiatives, which are designed to improve the health status of the community. Through collaboration with numerous health & social service agencies, (continued on schedule o) (continued from form 990)...fairview hospital promotes access to information & services, & draws extensive medical, technological, & financial resources to the area through its affiliation with berkshire medical center & berkshire health systems. As a result, the southern berkshire community enjoys a complete continuum of care services including education, prevention, screening, diagnostic, therapeutic, rehabilitative, & long-term care services, an unusually high level of health services when compared with similar rural communities. Please see the fy2024 "community benefits report" at https://www.charities.ago.state.ma.us/charities/ for more details.

Financial Efficiency

• Mission deployment rate: 77.5%; rating input score 77
• Program expense ratio: 88.1%; rating input score 88
• Fundraising efficiency: $7.4 raised per $1 spent on fundraising; rating input score 33; 33rd percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 68th 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: Scored; rating input score 0

Accountability

• Independent voting board: 78.3%; rating input score 78; 26th percentile among comparable filings
• Governance controls: 9 of 9 controls in place; rating input score 100
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Pass
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 10.7%; rating input score 77; 77th percentile among comparable filings
• Total-asset coverage ratio: 1.4; rating input score 52; 52nd percentile among comparable filings
• Liabilities to assets ratio: 0.18; rating input score 73; 73rd percentile among comparable filings
• Officer compensation ratio: 3.7%; rating input score 28; 28th percentile among comparable filings

Growth

• Program expense growth: 6.7% per year; rating input score 100; 56th percentile among comparable filings
• Revenue growth: 6.5% per year; rating input score 100; 58th percentile among comparable filings
• Asset growth: 10.7% per year; rating input score 100; 73rd percentile among comparable filings