Cookeville Regional Charitable Foundation Inc

What it reported doing in 2024

The cookeville regional medical center foundation (also known as the cookeville regional charitable foundation) exists to improve healthcare and promote health and wellness for residents of the upper cumberland region of Tennessee. The foundation raises charitable contributions and distributes financial assistance to patients, families, and community members in need, serving a 14-county area.patient assistance fundsthe foundation administers multiple patient assistance funds designed to remove financial barriers to medical care. These include unrestricted assistance and designated funds such as caring hands, community health, and disease-specific assistance funds for cancer, diabetes, heart disease, hospice, mental health, and pediatric care. During the year, the foundation provided direct financial assistance to hospital patients and community members facing hardship, supporting medical treatment, prevention services, and essential healthcare needs. In total, more than 4,400 patients benefited from foundation assistance across hospital-based and community health programs.community health and prevention programsthe foundation supports a range of programs focused on prevention, education, and community wellness. These include free cancer screening initiatives through the pink ribbon and lung screening programs, cpr training provided through carmen's fund, and participation in regional healthcare preparedness and community health coalitions. These programs are designed to improve early detection, emergency response readiness, and overall community health outcomes.medical equipment and support servicesthrough the equipment closet program, the foundation provides free, gently used medical equipment to individuals in need, helping patients recover safely at home and reducing unnecessary healthcare costs. The foundation also supports healing and supportive environments through programs such as healing gardens, art for healing, pet therapy visits, and the angel garden which provides a dedicated space for remembrance and grief support for families experiencing infant loss.hospital and community partnershipsthe foundation collaborates with cookeville regional medical center and numerous community partners to support hospital initiatives, outreach programs, and regional health collaborations, including education, family health, and community engagement efforts. These partnerships extend the reach of healthcare services, help meet the needs of specific geographic and demographic targets, and strengthen the overall health infrastructure of the 14-county upper cumberland region.

Financial Efficiency

• Mission deployment rate: 78.3%; rating input score 78
• Program expense ratio: 78.2%; rating input score 78
• Fundraising efficiency: $16.44 raised per $1 spent on fundraising; rating input score 53; 53rd percentile among comparable filings

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: 100%; rating input score 100; 76th percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 63rd 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: Fail
  • Other executive compensation review process: NotApplicable
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 9%; rating input score 59; 59th percentile among comparable filings
• Total-asset coverage ratio: 4.15; rating input score 82; 82nd percentile among comparable filings
• Liabilities to assets ratio: 0.01; rating input score 70; 70th percentile among comparable filings
• Officer compensation ratio: 2.8%; rating input score 57; 57th percentile among comparable filings

Growth

• Program expense growth: 5.7% per year; rating input score 100; 46th percentile among comparable filings
• Revenue growth: 4.8% per year; rating input score 100; 43rd percentile among comparable filings
• Asset growth: 8.1% per year; rating input score 100; 52nd percentile among comparable filings