Golden Valley Memorial Hospital Foundation Inc

What it reported doing in 2024

Prior to Fiscal Year 2025 the GVMH Foundation completed a capital campaign to raise funds to assist the Hospital in building a radiation oncology center. Many gifts were pledged by donors to be paid over a period of years. Gifts received by the Foundation are placed in a restricted fund for radiation oncology. The Hospital completed construction of the center in December 2023. During FIscal Year 2025, the Foundation received gifts and transferred funds for radiation oncology to the Hospital to help offset their costs associated with the project.(Continued on Schedule O)The Foundation donated $75,000 to GVMH for surgical services equipment upgrades. These funds were raised through proceeds from the gala event held in March 2024. The Foundation approved a grant request for new equipment for the cardiac rehab department.The Foundation purchased items such as wigs, head coverings, poppy pockets, and chemo shirts to stock the oncology care closet. These items are available to assist patients in need and the dedicated space allows patients the ability to try on items in a private space. The Foundation also purchase snacks, gas cards and other comfort items on a regular basis for the benefit of patients in the cancer center.The Foundation utilized its 'Truman Lake Cancer Relief' fund to assists patients while in active treatment for cancer with expenses.The Foundation covered the cost of customized garments for inpatients and outpatients who were treated at GVMH for lymphedema and do not have insurance coverage for the garments. The Foundation assisted cardiac rehab patients through purchase of gas cards to assist patients in getting to their appointments and also provided patient assistance grants to help patients in need cover the cost of coinsurance associated with their treatment.The Foundation supported GVMH's share pregnancy and infant loss support group through supplies for care packages for families suffering a loss at GVMH as well as annual dues and supplies needed for meetings.Each year, including FY25, the Foundation purchases books to be distributed by clinic providers during check ups for pediatric patients from birth through age 5.The Foundation supported cancer patients by purchasing gas cards and other items for patients that could not afford the items through its established Sandy Houchen fund.The Foundation approved a request to pay for cremation services of a hospice patient who had no other means to pay. The Foundation approved a grant from the Clinton Cardinal Youth Football program to reimburse the cost of purchasing an AED for the team.During a prior fiscal year the Foundation approved a grant for the reimbursement of an AED for Clearview Care Center in Osceola, MO. The Foundation received confirmation of purchase during FY25 and reimbursed the center for the cost.The Foundation supported diabetic patients through the purchase of supplies and also provided a patient assistance grant to help with medication.The Foundation paid for lunches for staff to complete a flu shot clinic at the Clinton school district.The Foundation awarded a scholarship for continued education in healthcare field to a GVMH employee. This was paid for in part by the Dolores Meyer Scholarship Fund and in part by the employee scholarship fund.The Foundation received a donation during Fiscal Year 2024 that was restricted for the purchase of a tilt table for cardiac rehab and this equipment was purchased during FIscal Year 2024. Foundation reimbursed GVMH for this purchase during FIscal Year 2025.The Foundation supported pediatric therapy patients through the purchase of tools they can utilize at home to assist with their therapy needs.The Foundation approved a grant to provide hearing assistive devices for GVMH patients in needThe Foundation approved a grant to provide pulse ox devices to patients upon discharge.

Financial Efficiency

• Mission deployment rate: 100%; rating input score 100
• Program expense ratio: 91.9%; rating input score 92
• Fundraising efficiency: $11.89 raised per $1 spent on fundraising; rating input score 43; 43rd percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd 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: 83.3%; rating input score 83; 19th percentile among comparable filings
• Governance controls: 3 of 9 controls in place; rating input score 38
  • Conflict-of-interest policy: Fail
  • Whistleblower policy: Fail
  • Document-retention policy: Fail
  • CEO compensation review process: Limited
  • Other executive compensation review process: Fail
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Fail
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: -26.9%; rating input score 7; 7th percentile among comparable filings
• Total-asset coverage ratio: 3.79; rating input score 80; 80th percentile among comparable filings
• Liabilities to assets ratio: 0; rating input score 91; 91st percentile among comparable filings
• Officer compensation ratio: 8.3%; rating input score 42; 42nd percentile among comparable filings

Growth

• Program expense growth: 45.1% per year; rating input score 100; 95th percentile among comparable filings
• Revenue growth: 25.6% per year; rating input score 100; 90th percentile among comparable filings
• Asset growth: 21.7% per year; rating input score 100; 84th percentile among comparable filings