Baum Harmon Mercy Hospital and Clinics Foundation

Nonprofit profile at a glance

EIN
262973307
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Mason City, IA, USA
Phone
5153589200
Rating
38
Verdict
REVIEW
Rating confidence
Moderate
Sector
Single Organization Support

Official website

Reported finances

Revenue
$74,951
Expenses
$8,768
Assets
$1,852,411
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

9 people listed

Executive titles in this filing

  • BRYAN HALVERSON (DIRECTOR & VICE PRESIDENT THR 9/24)
  • JAN GAUDIAN (DIRECTOR & PRESIDENT THROUGH 9/24)

Highest reported compensation

  • THOMAS CLARK (DIR AT 10/24; PRES WEST IOWA REGION): $1,003,150 total reported compensation
  • HEATHER CAMPBELL (DIR 10/24; CHIEF LEGAL OFCR MERCYONE): $641,828 total reported compensation
  • JESICA HANSON (DIR 10/24;VP FIN MERCYONE SIOUXLAND): $483,971 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

We, mercy health services-Iowa and trinity health, serve together in the spirit of the gospel as a compassionate and transforming healing presence within our communities.baum harmon mercy hospital and clinics foundation is a member of mercy health services-Iowa and trinity health.

What it reported doing in 2024

Baum harmon mercy hospital and clinics foundation serves as the steward of financial resources raised in the communities to promote and enhance the highest quality care, family focused services and a healing environment at baum harmon mercy hospital and its clinics in primghar, paulina and sutherland.

Operating model

Revenue model
Investment-supported. 100% of the money available for current operations came from recurring investment income.
Distribution model
Direct operator. The filing allocates 100% 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.

The verdict

REVIEW - Revenue comfortably covers expenses and revenue has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of voting board members are independent.

Rating breakdown

  • Financial Efficiency: 16
  • Transparency & Controls: 58
  • Accountability: 37
  • Sustainability: 83
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 5.2%; rating input score 5
  • Program expense ratio: 39.5%; rating input score 39
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 90.9%; rating input score 91; 18th 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: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 0%; rating input score 0; 9th percentile among comparable filings
  • Governance controls: 7 of 8 controls in place; rating input score 88
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • 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: 88.3%; rating input score 98; 98th percentile among comparable filings
  • Total-asset coverage ratio: 211.27; rating input score 97; 97th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 69; 69th percentile among comparable filings
  • Officer compensation ratio: 3,224.8%; rating input score 1; 1st percentile among comparable filings

Growth

  • Program expense growth: -2.4% per year; rating input score 0; 44th percentile among comparable filings
  • Revenue growth: 0.9% per year; rating input score 100; 63rd percentile among comparable filings
  • Asset growth: 6.2% per year; rating input score 100; 70th percentile among comparable filings

Details

  • Where the money goes: 5.2% of revenue deployed · 39.5% of spending went to programs
  • Governance: 0 of 3 board members independent · 7 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $3K in reported program spending
  • Leadership: top reported pay $1M · 9 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 13 of 14 current checks pass · 1 finding to review
  • Schedules: 5 filed schedules · includes executive pay
  • Filing history: 15 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Related organizations: 308 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.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Mission deployment rate scored 5/100.
  • High — Accountability: Independent voting board scored 0/100.
  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • Moderate — Financial Efficiency: Program expense ratio scored 39/100.
  • High — Growth: Program expense growth scored 0/100.
  • Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
  • Review — Accountability: Governance controls: Other executive compensation review process not reported.
  • High — Sustainability: Officer compensation ratio scored 1/100.