Memorial Hospital Foundation at North Conway Inc
Overview
Mission
To perform the functions of, and to carry out the purposes of its supported organization, the memorial hospital at north conway, nh. To hold and manage property for the tax-exempt uses in direct furtherance (continued on schedule o)of the hospital's purposes, and to raise and distribute funds to the hospital in support of its programs and services.
What it reported doing in 2023
With over 100 years of history, memorial hospital is a thriving, rural community hospital that provides an extensive array of healthcare services for the residents of mount Washington valley and the millions of tourists who visit our region every year. As a non-profit organization, memorial hospital is dependent upon philanthropic support to provide the highest quality of healthcare available. The memorial hospital foundation was created in 2013 as the fundraising vehicle for the hospital. The foundation reinvests into the community we serve by supporting the capital needs and special projects of the hospital through philanthropy by:-fostering a culture that provides an experience that exceeds expectations -building strong relationships that improve community health programs and the overall status of health in our community -achieving long-term viability by supporting financial needs in a rapidly changing healthcare environment every gift made to the memorial hospital foundation, no matter how large or small, is honored and will go directly toward helping improve the healthcare of our community, for locals and guests alike. The foundation strives equally to be reliable stewards of our donors' financial commitments to us by adhering to philanthropy's highest ethical standards and best known practices.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 98% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
Nonprofit profile at a glance
- EIN
- 462137291
- IRS 990 coverage
- 2014–2023
- Forms available
- Form 990 2023
- Headquarters
- North Conway, NH, USA
- Phone
- 6033560613
- Rating
- 57
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Single Organization Support
The verdict
MIXED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence.
Rating breakdown
- Financial Efficiency: 43
- Transparency & Controls: 65
- Accountability: 72
- Sustainability: 83
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 17.8%; rating input score 18
- Program expense ratio: 100%; rating input score 100
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd 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: Limited
Accountability
- Independent voting board: 66.7%; rating input score 67; 18th 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: 91.9%; rating input score 99; 99th percentile among comparable filings
- Total-asset coverage ratio: 206.3; rating input score 100; 100th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 60; 60th percentile among comparable filings
- Officer compensation ratio: 557.5%; rating input score 0; 0th percentile among comparable filings
Growth
- Program expense growth: 0.3% per year; rating input score 100; 34th percentile among comparable filings
- Revenue growth: -6.6% per year; rating input score 0; 10th percentile among comparable filings
- Asset growth: -4.7% per year; rating input score 0; 11th percentile among comparable filings
Details
- Where the money goes: 17.8% of revenue deployed · 100% of spending went to programs
- Governance: 8 of 12 board members independent · 7 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $38K in reported program spending
- Leadership: top reported pay $2.3M · 17 people listed · 0 of 6 pay-setting controls reported
- Consistency: 19 of 19 current checks pass
- Schedules: 7 filed schedules · includes major donors and executive pay
- Filing history: 10 annual filings from 2014 to 2023
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: 3 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Leadership & pay
17 people listed
Highest reported compensation
- Andrew Mueller MD (CEO and President, MH/Trustee): $2,277,317 total reported compensation
- Diana McLaughlin (Chief Financial Officer): $325,398 total reported compensation
- David Hoeft (Physician/Trustee): $311,972 total reported compensation
Source: IRS Form 990. Selected filing: FY2023.