Healthcare Foundation of Wilson

Nonprofit profile at a glance

EIN
566024172
IRS 990 coverage
2009–2024
Forms available
Form 990 2024, Form 990-T 2024
Location
Wilson, NC, USA
Phone
2522812105
Rating
58
Verdict
MIXED
Rating confidence
Moderate
Sector
Hospital, General

Official website

Reported finances

Revenue
$18,835,826
Expenses
$2,487,223
Assets
$203,675,231
Liabilities
$594,058

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

15 people listed

Executive titles in this filing

  • DENISE O'HARA (RETIRING EXECUTIVE DIRECTOR)
  • PAULA BENSON (EXECUTIVE DIRECTOR)

Highest reported compensation

  • PAULA BENSON (EXECUTIVE DIRECTOR): $234,847 total reported compensation
  • DENISE O'HARA (RETIRING EXECUTIVE DIRECTOR): $128,253 total reported compensation
  • KRYSTAL COX (PROGRAMS SPECIALIST): $110,395 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Healthcare foundation of wilson (the foundation) invests in collaborative efforts that impact and measurably improve the health and well-being of wilson county residents.

What it reported doing in 2024

The foundation serves as a health legacy charitable foundation to support the healthcare needs of its community and maintains assets associated with the wilson medical center, inc. Facility. The foundation provides grant-making with the objective of improving healthand wellness with the following four focus areas:- adolescent pregnancy- alcohol & substance abuse- obesity- sexually transmitted disease preventionadditionally, as described in detail in schedule a, part vi, the foundation retains an ownership interest and effective control of dlp wilson holding company, llc, which operates the hospital and nursing home previously owned and operated by the foundation. Through its ownership of dlp wilson holding company, llc, the foundation continues to support programs that foster the delivery, quality, or affordability of healthcare or healthcare-related services and to support any activity designed and carried on to serve the general health and well-being of the community; to aid in the instruction and promotion of research and scientific investigation in all branches of medicine and surgery; and to support any educational activities related to the care of the sick and disabled, the promotion of health and preventative medicine, and the general health and well-being of the community.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Hybrid. The nonprofit split its reported program spending across 42% for direct work, and 58% for grants.

The verdict

MIXED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 27
  • Transparency & Controls: 78
  • Accountability: 95
  • Sustainability: 87
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 9%; rating input score 9
  • Program expense ratio: 67.1%; rating input score 67
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 93.3%; rating input score 93; 14th percentile among comparable filings
  • Pay-setting controls: 3 of 6 controls in place; rating input score 50
    • Compensation committee: Pass
    • 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: 99.2%; rating input score 99; 32nd percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
  • Governance controls: 7 of 8 controls in place; rating input score 88
    • 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: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 86.8%; rating input score 99; 99th percentile among comparable filings
  • Total-asset coverage ratio: 81.89; rating input score 99; 99th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 95; 95th percentile among comparable filings
  • Officer compensation ratio: 19%; rating input score 4; 4th percentile among comparable filings

Growth

  • Program expense growth: -33% per year; rating input score 0; 1st percentile among comparable filings
  • Revenue growth: -20% per year; rating input score 0; 0th percentile among comparable filings
  • Asset growth: -0.5% per year; rating input score 0; 9th percentile among comparable filings

Details

  • Where the money goes: 9% of revenue deployed · 67.1% of spending went to programs
  • Governance: 13 of 13 board members independent · 7 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $1.7M in reported program spending
  • Leadership: top reported pay $235K · 15 people listed · 3 of 6 pay-setting controls reported
  • Consistency: 33 of 34 current checks pass · 1 finding to review
  • Schedules: 8 filed schedules · includes grants and executive pay
  • Filing history: 14 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 22 filed money-flow records
  • Related organizations: 20 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.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Mission deployment rate scored 9/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Accountability: Governance controls: Form 990 shared with the board not reported.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 4/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.