Hospital Auxiliary of the Indian River Memorial Hospital Inc

Nonprofit profile at a glance

EIN
591003707
IRS 990 coverage
2010–2024
Forms available
Form 990 2024, Form 990-EZ 2022
Location
Vero Beach, FL, USA
Phone
7724929516
Rating
87
Verdict
STRONG
Rating confidence
Moderate
Sector
Hospital, General

Reported finances

Revenue
$88,969
Expenses
$172,841
Assets
$894,281
Liabilities
$0

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

Leadership & pay

7 people listed

Executive titles in this filing

  • MARSHA ADAMS (PRESIDENT)
  • MICHALENA RAYMOND (FIRST VICE PRESIDENT)
  • MARGARET BRINSON (SECOND VICE PRESIDENT)
  • ALICE CONKEY (THIRD VICE PRESIDENT)

People named in this filing

  • MARSHA ADAMS (PRESIDENT)
  • MICHALENA RAYMOND (FIRST VICE PRESIDENT)
  • MARGARET BRINSON (SECOND VICE PRESIDENT)

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

The hospital auxiliary recruits, directs and provides all human resource functions for all volunteers that work at the hospital; 162 in the year ended december 31, 2024. The auxiliary also raises funds for the benefits of indian river memorial hospital.

What it reported doing in 2024

The hospital auxiliary recruits, directs and provides all human resource functions for all volunteers that work at the hospital; 162 in the year ended december 31, 2024. In 2024, the auxiliary volunteers contributed 20,043 highly skilled hours performing duties the hospital would need to staff in their absence. In addition to serving others as they work within the walls of the hospital, the auxiliary volunteers act as public relation advocates for the hospital among their neighbors and friends. They take great pride in providing meaningful services that imrprove the lives of others. The teenage volunteers obtain positive exposure to community service, and for those interested in careers in healthcare, obtain first hand experience of what a career in medicine has to offer.

Operating model

Revenue model
Investment-supported. 99% of the money available for current operations came from recurring investment income.
Distribution model
Grant intermediary. The nonprofit sent 73% of its reported program spending out as grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 89
  • Transparency & Controls: 100
  • Accountability: 70
  • Sustainability: 40
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 99.6%; 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; 80th percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 2 of 7 controls in place; rating input score 29
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • 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: -94.3%; rating input score 21; 21st percentile among comparable filings
  • Total-asset coverage ratio: 5.17; rating input score 50; 50th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 69; 69th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 60; 60th percentile among comparable filings

Growth

  • Program expense growth: 10.1% per year; rating input score 100; 75th percentile among comparable filings
  • Revenue growth: 8% per year; rating input score 100; 84th percentile among comparable filings
  • Asset growth: 10.7% per year; rating input score 100; 81st percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 99.6% of spending went to programs
  • Governance: 7 of 7 board members independent · 2 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $172K in reported program spending
  • Leadership: top reported pay $0 · 7 people listed
  • Consistency: 16 of 16 current checks pass
  • Schedules: 3 filed schedules · includes grants
  • Filing history: 10 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: Filed and resolved organization relationships.
  • 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.

  • High — Accountability: Governance controls: 4 of 6 not reported.
  • High — Sustainability: Operating margin scored 21/100.
  • Review — Sustainability: Total-asset coverage ratio scored 50/100.