Hendersonvance Healthcare Inc

Nonprofit profile at a glance

EIN
560603925
IRS 990 coverage
2009–2024
Forms available
Form 990 2024
Location
Henderson, NC, USA
Phone
2524384143
Rating
77
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Hospital, General

Reported finances

Revenue
$3,939,206
Expenses
$1,801,232
Assets
$58,889,031
Liabilities
$14,976,967

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

Leadership & pay

7 people listed

People named in this filing

  • MICHAEL H BRAFFORD (BOARD MEMBER)
  • W RODWELL DRAKE JR MD (TREASURER)
  • DAVID CARVER (CHAIRMAN)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

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

Overview

Mission

To be the premier healthcare provider in our market, committed to improving the lives of our staff and the community we serve.

What it reported doing in 2024

Maria parham health is the region's healthcare leader fully accredited by the joint commission and the college of americanpathologists, maria parham has combined the qualities necessary to offer the best in community medicine - physicians representing a widerange of specialties, highly trained nurses and clinical specialist, and the latest technology maria parham has the region's largest andmost comprehensive emergency department staffed by board certified emergency physicians we offer you the leading maternity center inthe four county area and the only special care nursery we have the largest and most advanced intensive care and progressive careservices, with 20 patient rooms equipped with the very best in technology and staffed by specially trained nurses and physicians we alsohave the region's only carf-accredited inpatient rehabilitation unit to complement our inpatient rehab services, maria parham also offersstate of the art physical, occupational, and speech therapy on an outpatient basis advanced technology is featured in maria parhammedical center's radiology department with two ct scanners, mri, nuclear medicine and a women's diagnostic center, no other hospitalin the region can provide you the level of care that we offer surgical services is another area that has invested in the latest minimallyinvasive technology and sophisticated equipment with five of the regions newest and best equipped operating rooms and the largest gisuite, maria parham provides you with expertise comparable to larger, academic facilities other services offered include cardiaccatheterization, sleep studies, cardiovascular services and the region's only accredited respiratory care department medical andradiation oncology programs affiliated with duke university health system are recognized for cutiing edge technology and superiorcunicians the organization's operations transferred to a new joint venture on november 1, 2011 maria parham medical center, inc (nowhenderson/vance healthcare, inc ) and its affiliated organizations (which include maria parham anesthesia and physiatry center, inc )entered into a transaction with dlp maria parham medical center llc, a joint venture comprised of mpmc and dlp healthcare, llc dlphealthcare is a joint venture of lifepoint hospitals, inc and duke university health system the joint venture became the new owner andoperator of the hospital

Operating model

Revenue model
Earned-program. 63% of the money available for current operations came from fees and other program revenue.
Distribution model
Grant intermediary. The nonprofit sent 95% of its reported program spending out as grants.

The verdict

SUPPORTED - The filed numbers largely add up and a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 62
  • Transparency & Controls: 93
  • Accountability: 88
  • Sustainability: 88
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 51.8%; rating input score 52
  • 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: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 5 of 7 controls in place; rating input score 71
    • 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: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 54.3%; rating input score 93; 93rd percentile among comparable filings
  • Total-asset coverage ratio: 32.69; rating input score 98; 98th percentile among comparable filings
  • Liabilities to assets ratio: 0.25; rating input score 38; 38th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 91; 91st percentile among comparable filings

Growth

  • Program expense growth: 2.6% per year; rating input score 100; 25th percentile among comparable filings
  • Revenue growth: -23.5% per year; rating input score 0; 1st percentile among comparable filings
  • Asset growth: -4.9% per year; rating input score 0; 4th percentile among comparable filings

Details

  • Where the money goes: 51.8% of revenue deployed · 100% of spending went to programs
  • Governance: 7 of 7 board members independent · 5 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $1.8M in reported program spending
  • Leadership: top reported pay $0 · 7 people listed
  • Consistency: 19 of 19 current checks pass
  • Schedules: 6 filed schedules · includes grants
  • Filing history: 14 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Related organizations: 3 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.

  • Review — Financial Efficiency: Mission deployment rate scored 52/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 38/100.