Fairmont General Hospital Inc
Nonprofit profile at a glance
- EIN
- 311156960
- IRS 990 coverage
- 2010–2014
- Forms available
- Form 990 2014
- Location
- Fairmont, WV, USA
- Phone
- 3043677100
- Rating
- 61
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Hospitals
Reported finances
- Revenue
- $49,286,865
- Expenses
- $57,321,429
- Assets
- $13,092,928
- Liabilities
- $36,382,727
Source: IRS Form 990. Selected filing: tax year 2014. Amounts in USD.
Leadership & pay
11 people listed
Executive titles in this filing
- PEGGY COSTER (CEO)
Highest reported compensation
- PEGGY COSTER (CEO): $132,310 total reported compensation
- WHITNEY PATTERSON (CFO): $130,717 total reported compensation
- CAROL WEBER (CNO): $109,917 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2014. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The organization is a hospital which provides inpatient and outpatient care to the community, as well as health diagnostic, intervention and treatment.
What it reported doing in 2014
Health diagnostic, intervention, and treatment: the hospital also offers outpatient diagnostic imaging services. Some of the radiology department services include radiology diagnostic, ekg, ultrasound, mri, nuclear medicine, ct scan, and pet scan
Operating model
- Revenue model
- Earned-program. 92% of the money available for current operations came from fees and other program revenue.
- 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
SUPPORTED - 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 a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 40
- Transparency & Controls: 90
- Accountability: 86
- Sustainability: 15
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 47.1%; rating input score 47
- Program expense ratio: 40.6%; rating input score 41
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd 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: 100%; rating input score 100; 69th 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: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -16.3%; rating input score 4; 4th percentile among comparable filings
- Total-asset coverage ratio: 0.23; rating input score 7; 7th percentile among comparable filings
- Liabilities to assets ratio: 2.78; rating input score 1; 1st percentile among comparable filings
- Officer compensation ratio: 0.7%; rating input score 89; 89th percentile among comparable filings
Growth
- Program expense growth: -75.2% per year; rating input score 0; 1st percentile among comparable filings
- Revenue growth: -12.2% per year; rating input score 0; 2nd percentile among comparable filings
- Asset growth: -22.4% per year; rating input score 0; 1st percentile among comparable filings
Details
- Where the money goes: 47.1% of revenue deployed · 40.6% of spending went to programs
- Governance: 8 of 8 board members independent · 6 of 9 filing controls reported
- Programs: 5 filed program accomplishments · $23.3M in reported program spending
- Leadership: top reported pay $132K · 11 people listed
- Highest-paid contractors: 5 contractors listed · $3.4M reported
- Consistency: 41 of 41 current checks pass
- Schedules: 9 filed schedules
- Filing history: 5 filing years from 2010 to 2014
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- Related organizations: 6 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.
- Moderate — Financial Efficiency: Mission deployment rate scored 47/100.
- Moderate — Financial Efficiency: Program expense ratio scored 41/100.
- High — Sustainability: Operating margin scored 4/100.
- Review — Accountability: Governance controls: 2 of 8 not reported.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 7/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 1/100.