Henry Ford Health

What it reported doing in 2024

For more than 90 years henry ford health wyandotte hospital has served the downriver community and surrounding area with a commitment to charitable giving, outreach and building stronger, healthier individuals and families. The acute care hospital operates 360 licensed beds and offers a full range of clinical services, including general medicine, surgery, birthing center and 24-hour emergency care. Henry ford health wyandotte hospital also provides physical medicine and rehab, adult mental health and neurosurgical services. During 2024 hfwh had 14.905 discharges.with a sense of human compassion, we give to, organize, lead, partner and embrace the wide-ranging community programs and services. In giving back to the culture and people that surround us, we gain a priceless fulfillment in knowing we have invested in the health and well-being of our neighbors. Established in 1926, our mission is to improve human health through excellence in the science and art of health care and healing. Serving the downriver region and surrounding communities of southeast Michigan, henry ford health wyandotte hospital is one of the major employers of the city of wyandotte. Medical education: henry ford health wyandotte hospital has an osteopathic graduate medical education program and trains about 100 medical students and over 60 residents in 4 programs.henry ford health wyandotte hospital is accredited by many prestigious agencies and organizations. These seals of approval give our patients the confidence in knowing they are receiving the highest quality health care possible. Our accreditations include: the rehabilitation accreditation commission for inpatient medical rehabilitationcollege of american pathologists american association of blood banks american college of radiologistsamerican psychological associationamerican osteopathic association

Financial Efficiency

• Mission deployment rate: 90.8%; rating input score 91
• Program expense ratio: 98.1%; rating input score 98
• Fundraising efficiency: $57.09 raised per $1 spent on fundraising; rating input score 77; 77th percentile among comparable filings

Transparency & Controls

• Consistency checks: 93.3%; rating input score 93; 21st percentile among comparable filings
• Pay-setting controls: 5 of 6 controls in place; rating input score 83
  • Compensation committee: Pass
  • Independent consultant: Pass
  • Other Form 990s reviewed: Missing
  • Written employment contract: Pass
  • Compensation survey or study: Pass
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: 65.1%; rating input score 65; 13th percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 87.5%; rating input score 88; 34th 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: 7.5%; rating input score 66; 66th percentile among comparable filings
• Total-asset coverage ratio: 0.69; rating input score 27; 27th percentile among comparable filings
• Liabilities to assets ratio: 0.31; rating input score 55; 55th percentile among comparable filings
• Officer compensation ratio: 1.3%; rating input score 68; 68th percentile among comparable filings

Growth

• Program expense growth: 4% per year; rating input score 100; 31st percentile among comparable filings
• Revenue growth: 3.6% per year; rating input score 100; 28th percentile among comparable filings
• Asset growth: 3.1% per year; rating input score 100; 21st percentile among comparable filings