Hackettstown Regional Medical Center Emergency Medical Services Inc

Nonprofit profile at a glance

EIN
270820164
IRS 990 coverage
2012–2015
Forms available
Form 990 2015
Location
Hackettstown, NJ, USA
Phone
9088525100
Rating
82
Verdict
STRONG
Rating confidence
Moderate

Official website

Reported finances

Revenue
$1,924,873
Expenses
$2,452,286
Assets
$725,462
Liabilities
$3,004,925

Source: IRS Form 990. Selected filing: tax year 2015. Amounts in USD.

Leadership & pay

25 people listed

Executive titles in this filing

  • TERRY FORDE (PRESIDENT & CEO, AHC)
  • JASON C COE (SECRETARY; PRESIDENT, HRMC)

Highest reported compensation

  • TERRY FORDE (PRESIDENT & CEO, AHC): $1,444,501 total reported compensation
  • JAMES G LEE (CHAIRMAN; EVP & CFO, AHC): $798,783 total reported compensation
  • JASON C COE (SECRETARY; PRESIDENT, HRMC): $476,564 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2015. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Hrmc-ems's mission is "we demonstrate god's care by improving the health of people and communities through a ministry of physical, mental and spiritual healing." hrmc-ems's vision is to be "a leading resource for innovative patient-centered healthcare." hrmc-ems's values are "respect, integrity, service, excellence and stewardship (rises)."

What it reported doing in 2015

Hrmc-ems provides emergency ambulance service for hackettstown, nj and the surrounding communities. Hrmc-ems also provides patient transportation services for hrmc patients and residents/patients of other institutions such as assisted living facilities and nursing homes. Van service is also provided for outpatients in need of transportation. Hrmc-ems also provides 911 ambulance service for residents of mount olive township, knowlton township, roxbury and long valley, nj.

Operating model

Revenue model
Earned-program. 100% 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

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and some related-organization disclosures are missing.

Rating breakdown

  • Financial Efficiency: 88
  • Transparency & Controls: 82
  • Accountability: 88
  • Sustainability: 8
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 97.6%; rating input score 98
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 4 of 6 controls in place; rating input score 67
    • Compensation committee: Pass
    • Independent consultant: Pass
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Scored; rating input score 0

Accountability

  • Independent voting board: 80%; rating input score 80; 16th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • 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: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -27.4%; rating input score 5; 5th percentile among comparable filings
  • Total-asset coverage ratio: 0.3; rating input score 16; 16th percentile among comparable filings
  • Liabilities to assets ratio: 4.14; rating input score 1; 1st percentile among comparable filings
  • Officer compensation ratio: 30.8%; rating input score 5; 5th percentile among comparable filings

Growth

  • Program expense growth: 3.5% per year; rating input score 100; 48th percentile among comparable filings
  • Revenue growth: 0.6% per year; rating input score 100; 32nd percentile among comparable filings
  • Asset growth: -2.9% per year; rating input score 0; 22nd percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 97.6% of spending went to programs
  • Governance: 12 of 15 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $2.4M in reported program spending
  • Leadership: top reported pay $1.4M · 25 people listed · 4 of 6 pay-setting controls reported
  • Consistency: 21 of 21 current checks pass
  • Schedules: 5 filed schedules · includes executive pay and related organizations
  • Filing history: 4 filing years from 2012 to 2015
  • Contacts: How to reach this organization
  • Related organizations: 18 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 — Sustainability: Operating margin scored 5/100.
  • High — Transparency & Controls: Related-party transparency scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 16/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 1/100.
  • High — Sustainability: Officer compensation ratio scored 5/100.