Atrium Health Wake Forest Baptist

What it reported doing in 2017

Hawthorne inn and conference center was incorporated as a non-profit, supporting organization of its sole member, North Carolina baptist hospital. Its purpose is to own and operate a guest accommodation facility to be used primarily by hospital visitors in connection with patient care, education and research. North Carolina baptist hospital is a nonprofit, tertiary care hospital exempt from federal income tax under irc section 501(c)(3). North Carolina baptist hospital and hawthorne inn are members of wake forest baptist health (medical center). The medical center has has 1,535 acute care and rehabilitation beds operative across the system, which encompasses North Carolina baptist hospital (885 beds), wake forest baptist health lexington medical center (94 beds), wake forest baptist health davie medical center (50 beds), wake forest baptist health wilkes medical center (130 beds), alleghany health (25 beds) and wake forest baptist health high point medical center (351 beds), which joined the wake forest baptist health system in fiscal year 2019. The medical center primarily serves a 24-county region in northwestern North Carolina and southwestern Virginia, but draws patients from across the state and nation for select services. The medical center continues to experience tremendous physical and academic growth. Given that approximately 68% of all patients come from outside forsyth county, and that the nature of the care dictates an average patient stay of 6.49 days, lodging demand has greatly exceeded capacity. Additionally, as health care trends toward outpatient based procedures, the hotel provides a needed facility, located 1.5 miles from the medical center complex. With the guest accommodations portion of the facility containing 156 guest rooms, including 10 sleep study rooms, the hawthorne inn has the capability of providing lodging arrangements best suited for out-of-town families, patients, and faculty that require extended lodging arrangements. In addition to the physical structure, the environment created at the facility is focused on providing emotional support for patients and their families. All of the related revenue reported was generated in the support of the charitable, educational, and research purposes of the medical center.the hawthorne inn and conference center promotes the welfare of the medical center's patients by providing a means to facilitate patient visitation. Availability and discounted rates were consistently maintained for individuals seeking accommodations. The hotel also assists the medical center's healthcare, educational and research purposes. Both guest room and conference space accommodations were provided for numerous educational seminars, research meetings and departmental meetings and training. Finally, during fiscal year 2018, a wing of the facility was used as the medical center's sleep center, a designated member of the american academy of sleep medicine. At the sleep center, a multidisciplinary team of sleep experts conduct sleep studies to assess patients of all ages with various sleep disorders. The medical center's sleep experts provide the highest quality of care for these patients and provide specialized treatment plans to treat the patients' sleep disorders.

Financial Efficiency

• Mission deployment rate: 100%; rating input score 100
• Program expense ratio: 91.4%; rating input score 91
• 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; 64th percentile among comparable filings
• Governance controls: 7 of 7 controls in place; rating input score 100
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: NotApplicable
  • Other executive compensation review process: NotApplicable
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: -8.6%; rating input score 12; 12th percentile among comparable filings
• Total-asset coverage ratio: 0; rating input score 0; 0th percentile among comparable filings
• Liabilities to assets ratio: Limited
• Officer compensation ratio: 0%; rating input score 93; 93rd percentile among comparable filings

Growth

• Program expense growth: -5.6% per year; rating input score 0; 10th percentile among comparable filings
• Revenue growth: -2.2% per year; rating input score 0; 13th percentile among comparable filings
• Asset growth: -5% per year; rating input score 0; 9th percentile among comparable filings