Catholic Health Initiatives Virtual Health Services

What it reported doing in 2024

Catholic health initiatives virtual health services (chi vhs) was organized and will be operated to further the promotion of health, further educational purposes and lessen the burdens of government.chi virtual health services is organized and operated, within the meaning of section 509(a)(3)(a) of the internal revenue code of 1986, as now in effect or as subsequently amended ("irc"), exclusively for the benefit of, to perform the functions of, and/or to carry out the religious, charitable, scientific, and educational purposes within the meaning of section 509(c)(3) of the irc, of catholic health care federation ("chcf"), a public juridic person within the meaning of the code of canon law for the roman catholic church ("canon law"), including by supporting such other charitable organizations, the purposes of which are to embody the mission of the healing ministry of jesus in the church through ownership, management, or governance of health ministries, or the offering of or supporting of charitable and religious programs or services consistent with such purposes, in keeping with the gospel imperative.in keeping with chcf's goal of providing quality care for patients closer to home, chi virtual health services was formed to provide telehealth technologies into resource-deprived markets and make high quality, low cost and efficient resources available to all markets. Chi virtual health services has been established to increase the quality and efficacy of healthcare by matching the needs of a patient to the right resource in a way which has not been previously possible due to barriers in existing technologies.chi virtual health services will provide telehealth technologies in four areas: 1) direct virtual patient care, 2) indirect virtual patient care, 3) it telehealth infrastructure and 4) teleeducation. Together these services will provide access to services that enhance patient safety, improve quality of care, provide remote patient care and enhance community health.

Financial Efficiency

• Mission deployment rate: 88.8%; rating input score 89
• Program expense ratio: 90%; rating input score 90
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
• Pay-setting controls: Limited
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• Major donor itemization: Limited
• Related-party transparency: Limited

Accountability

• Independent voting board: Limited
• Governance controls: 5 of 7 controls in place; rating input score 71
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Fail
  • CEO compensation review process: NotApplicable
  • Other executive compensation review process: NotApplicable
  • Form 990 shared with the board: Fail
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 1.4%; rating input score 39; 39th percentile among comparable filings
• Total-asset coverage ratio: 4.28; rating input score 81; 81st percentile among comparable filings
• Liabilities to assets ratio: 1.55; rating input score 2; 2nd percentile among comparable filings
• Officer compensation ratio: 0%; rating input score 91; 91st percentile among comparable filings

Growth

• Program expense growth: 5.8% per year; rating input score 100; 44th percentile among comparable filings
• Revenue growth: 8.6% per year; rating input score 100; 63rd percentile among comparable filings
• Asset growth: 23.4% per year; rating input score 100; 88th percentile among comparable filings