Health Care Foundation for Ventura County Inc

What it reported doing in 2024

Education training & enhancements building a robust nursing education program with continuing education and training, acquiring simulation equipment for improving clinical competencies in students/residents/physicians/first responders/emergency personnel. Providing ventura county behavioral health stipends for students requiring on-site clinical training. Provided health equity clinical rotations scholarship for medical residents who would not be able to rotate due to financial barriers. Supporting summer student scholar program and workforce pipeline at ventura county medical center (vcmc), a more than four decade long successful program, which provides undergraduate students considering careers in medicine and other health care professions with the opportunity to spend eight weeks of their summer with the medical faculty and physicians-in- training of the nationally ranked ventura family medicine residency at ventura county medical center. Summer scholars are placed with faculty preceptors who coordinate opportunities to observe or participate in the daily patient care activities of resident physicians. Student scholars attend morning teaching conferences at the medical center, make rounds with medical staff and observe patient interactions and procedures as appropriate (i.e., live births, surgeries, emergency room visits, autopsies, etc.). Each of the summer student scholars becomes involved in a clinical research project that, in addition to helping refine career aspirations, furthers our institution's quality improvement efforts in both patient care and hospital processes. A few past projects have been selected for presentation at the annual family medicine research forum. Healthcare occupations pipeline education (hope) established to foster high school and community college local students, especially those from vulnerable populations, into the healthcare industry where there is an anticipated projected deficit of workforce within the county. Centering pregnancy start up program to develop practice of maternal care for the community of gestationally similar mothers to receive their prenatal checkup, education and to grow a support network for families. Purchased rack and cards for clinics. Nursing leadership created education for a nurse champion to help in nursing practice excellence and development. Support obstetrics establishing an indigenous doula program

Financial Efficiency

• Mission deployment rate: 82%; rating input score 82
• Program expense ratio: 81.2%; rating input score 81
• Fundraising efficiency: $6.52 raised per $1 spent on fundraising; rating input score 24; 24th percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
• Pay-setting controls: 2 of 6 controls in place; rating input score 33
  • Compensation committee: Missing
  • Independent consultant: Missing
  • 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: 100%; rating input score 100; 72nd percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
• Governance controls: 6 of 8 controls in place; rating input score 75
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: NotApplicable
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Missing
  • Independent financial-statement audit: Fail

Sustainability

• Operating margin: 0.2%; rating input score 34; 34th percentile among comparable filings
• Total-asset coverage ratio: 1.76; rating input score 57; 57th percentile among comparable filings
• Liabilities to assets ratio: 0.03; rating input score 75; 75th percentile among comparable filings
• Officer compensation ratio: 11.9%; rating input score 25; 25th percentile among comparable filings

Growth

• Program expense growth: 13.7% per year; rating input score 100; 75th percentile among comparable filings
• Revenue growth: 9.7% per year; rating input score 100; 67th percentile among comparable filings
• Asset growth: 16.3% per year; rating input score 100; 77th percentile among comparable filings