Fort Memorial Hospital Foundation Inc
Nonprofit profile at a glance
- EIN
- 391397028
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Location
- Fort Atkinson, WI, USA
- Phone
- 9205685000
- Rating
- 78
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Hospital, General
Reported finances
- Revenue
- $777,317
- Expenses
- $598,336
- Assets
- $12,127,959
- Liabilities
- $806,693
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
12 people listed
Executive titles in this filing
- CAROL BURROWS (PRESIDENT)
- THOMAS VINZ (VICE PRESIDENT)
Highest reported compensation
- MICHAEL WALLACE (BOARD MEMBER): $1,038,716 total reported compensation
- MICHAEL ANDERSON MD (BOARD MEMBER): $1,029,843 total reported compensation
- JAMES NELSON (ASSISTANT TREASURER): $423,507 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The foundation is organized and shall be operated solely for charitable purposes exclusively for the benefit of fort atkinson memorial hospital, the hospital operated by fort healthcare, inc., an integrated health care delivery system, including the carrying on of such programs as the board of directors of this corporation from time to time deems to be suitable and appropriate.
What it reported doing in 2024
Fort memorial hospital foundation was created for the sole benefit of fort healthcare. Four areas of strategic focus guide our fundraising and granting process. Benevolent care includes program funding to assist patients who cannot afford care. Providing exceptional care includes funding for equipment, technology and services that enhance the quality of care and patient satisfaction. Living healthier includes services focused on community wellness initiatives.
Operating model
- Revenue model
- Investment-supported. 62% of the money available for current operations came from recurring investment income.
- Distribution model
- Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 91
- Transparency & Controls: 68
- Accountability: 74
- Sustainability: 72
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 96.7%; rating input score 97
- Fundraising efficiency: $7.8 raised per $1 spent on fundraising; rating input score 30; 30th percentile among comparable filings
Transparency & Controls
- Consistency checks: 92.9%; rating input score 93; 19th 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: 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: 63.6%; rating input score 64; 13th 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: 23%; rating input score 79; 79th percentile among comparable filings
- Total-asset coverage ratio: 20.27; rating input score 96; 96th percentile among comparable filings
- Liabilities to assets ratio: 0.07; rating input score 48; 48th percentile among comparable filings
- Officer compensation ratio: 26.1%; rating input score 9; 9th percentile among comparable filings
Growth
- Program expense growth: 19.6% per year; rating input score 100; 82nd percentile among comparable filings
- Revenue growth: -1.3% per year; rating input score 0; 11th percentile among comparable filings
- Asset growth: 4.5% per year; rating input score 100; 36th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 96.7% of spending went to programs
- Governance: 7 of 11 board members independent · 7 of 8 filing controls reported
- Programs: 2 filed program accomplishments · $579K in reported program spending
- Leadership: top reported pay $1M · 12 people listed · 0 of 6 pay-setting controls reported
- Consistency: 20 of 20 current checks pass
- Schedules: 7 filed schedules · includes major donors, grants, and executive pay
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: 2 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 — Transparency & Controls: Pay-setting controls scored 0/100.
- Moderate — Financial Efficiency: Fundraising efficiency scored 30/100.
- High — Growth: Revenue growth scored 0/100.
- Review — Accountability: Governance controls: Other executive compensation review process not reported.
- High — Sustainability: Officer compensation ratio scored 9/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 48/100.