Memphis Lung Physicians Foundation Inc

What it reported doing in 2023

Memphis lung physicians foundation, inc. Provides quality medical health care regardless of race, creed, sex, national origin, handicap, or age. Memphis lung physicians foundation, inc. Specializes in pulmonary, critical care and sleep medicine. In addition to critical care, we focus on the diagnosis and treatment of acute respiratory distress, chronic obstructive pulmonary disease, asthma, cystic fibrosis, lung cancer, obstructive sleep apnea and other pulmonary diseases and conditions. Although reimbursement for services is critical to the operation and stability of memphis lung physicians foundation, inc., it is recognized that not all individuals possess the ability to purchase health care services and health care education. Therefore, in keeping with its commitment to serve all members of its community, memphis lung physicians foundation, inc. Provides the following: - free care and/or subsidized care where the need and/or an individual's inability to pay coexist, - care provided to persons covered by governmental programs at below cost, and - health activities and programs to support the community. Memphis lung physicians foundation, inc. Has had a long history of working with baptist memorial health care corporation and related entities. Memphis lung physicians foundation, inc. Has played a major role in developing nationally recognized intensive care services at the baptist memorial hospitals and developing sleep medicine services that are offered by the hospitals. Physicians at memphis lung physicians foundation, inc. Have worked to improve the outcomes of patients in the baptist memorial hospitals' intensive care units by decreasing hospital acquired infections common to intensive care patients.

Financial Efficiency

• Mission deployment rate: 100%; rating input score 100
• Program expense ratio: 93.9%; rating input score 94
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 62nd 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: 0%; rating input score 0; 3rd percentile among comparable filings
• Governance controls: 6 of 9 controls in place; rating input score 67
  • 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: Fail
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: -36.2%; rating input score 2; 2nd percentile among comparable filings
• Total-asset coverage ratio: 0.34; rating input score 9; 9th percentile among comparable filings
• Liabilities to assets ratio: 5.38; rating input score 0; 0th percentile among comparable filings
• Officer compensation ratio: 31.8%; rating input score 1; 1st percentile among comparable filings

Growth

• Program expense growth: 6.9% per year; rating input score 100; 57th percentile among comparable filings
• Revenue growth: 3.7% per year; rating input score 100; 34th percentile among comparable filings
• Asset growth: 15.3% per year; rating input score 100; 81st percentile among comparable filings