Grinnell Regional Medical Center Auxiliary

Nonprofit profile at a glance

EIN
237075505
IRS 990 coverage
2010–2022
Forms available
Form 990 2022
Location
Grinnell, IA, USA
Phone
6412367511
Rating confidence
Limited
Sector
Single Organization Support

Official website

Reported finances

Revenue
$0
Expenses
$128
Assets
$0
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2022. Amounts in USD.

Leadership & pay

22 people listed

Executive titles in this filing

  • JENNIFER HAVENS (CEO)

Highest reported compensation

  • JENNIFER HAVENS (CEO): $328,773 total reported compensation
  • KYLE WILCOX (VP FINANCE): $221,891 total reported compensation
  • EMILY VESELY (BOARD MEMBER): $94,729 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2022. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To assist grinnell regional medical center in promoting the health and welfare of the community.

What it reported doing in 2022

The grinnell regional medical center auxiliary raises funds to support the grinnell regional medical center. Funds are raised through: the operation of a gift shop located within the grinnell regional medical center, volunteers staff the grinnell regional medical center cafeteria during breakfast hours earning half of all proceeds, and through contributions from the general public. The funds raised are contributed to grinnell regional medical center for equipment purchases and other operational expenses that aid in the care of the patients of grinnell regional medical center. The auxiliary also provides scholarships to students with an interest in the medical field.

Operating model

Revenue model
No positive adjusted resources. The filing reports no positive adjusted operating resources.
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

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: 75
  • Transparency & Controls: 60
  • Accountability: 90
  • Sustainability: 1
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: 100%; rating input score 100
  • Fundraising efficiency: Limited

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: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 90%; rating input score 90; 27th percentile among comparable filings
  • Governance controls: 8 of 9 controls in place; rating input score 89
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: Limited
  • Total-asset coverage ratio: 0; rating input score 2; 2nd percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 82,273.4%; rating input score 0; 0th percentile among comparable filings

Growth

  • Program expense growth: -11.9% per year; rating input score 0; 28th percentile among comparable filings
  • Revenue growth: -18.7% per year; rating input score 0; 22nd percentile among comparable filings
  • Asset growth: 6.8% per year; rating input score 100; 74th percentile among comparable filings

Details

  • Where the money goes: 100% of spending went to programs
  • Governance: 18 of 20 board members independent · 8 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $128 in reported program spending
  • Leadership: top reported pay $329K · 22 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 12 of 12 current checks pass
  • Schedules: 6 filed schedules · includes executive pay
  • Filing history: 11 filing years from 2010 to 2022
  • Contacts: How to reach this organization
  • Related organizations: 113 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.
  • High — Sustainability: Total-asset coverage ratio scored 2/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 0/100.
  • Review — Accountability: Governance controls: Conflict-of-interest policy not reported.