Indiana University Health Arnett Foundation Inc

What it reported doing in 2017

IU Health Arnett Foundation supports IU Health Arnett as it strives to be the preeminent leader in clinical care, education, research and service for the Greater Lafayette community and region. IU Health Arnett Foundation has several funds to support IU Health Arnett and its surrounding communities. Cancer Services Fund IU Health Arnett Cancer Centers treat a wide spectrum of different cancers, striving to bring the newest and most innovative treatments to the region. Patients have many options for their cancer care and they work with their physicians as an active participant in directing care. The needs of a person with cancer change throughout the cancer experience. The Cancer Services Fund helps to provide IU Health Arnetts cancer patients with assistance beyond what their insurance and personal finances may cover. A gift to Cancer Services can also be used for new equipment, expansion of services and programs, training and education or for general use. Education Fund The CareGivers Continuing Education Fund provides continuing education assistance for the IU Health Arnett employees involved in direct patient care. This fund allows employees to improve and maintain their education and skills in healthcare. Our team of nationally recognized, skilled professionals appreciates the opportunity to care for you or your loved one. Our goal is to offer you the best possible healthcare experience. Continuing education opportunities play a pivotal role in continuing to meet this goal. Chaplaincy Fund The Chaplaincy Spiritual Care Fund assists programs that provide a full-spectrum of spiritual/pastoral care needs addressing the body, mind and spirit for patient, patient families, and employees. Gifts to this fund can provide supplies, materials, or equipment to help in Spiritual Care efforts that can mean so much to those in need. Cardiology Fund The IU Health Arnett Cardiovascular team of cardiologists and clinical specialists are leaders in implementing innovative procedures and providing premier patient care. IU Health Arnett Cardiovascular is committed to being your resource for comprehensive cardiovascular healthcare. Our primary goal is to improve your cardiovascular health and quality of life. We have been providing specialty cardiovascular care since 1951. The Cardiology Fund could be used for new equipment, expansion of services and programs, training and education or for general use to assist patients. Patient Care Fund The Patient Care Fund aids in assisting patients and patient families with needs where there is no other financial support. Examples of needs may include: gas cards, meal vouchers, personal care items, etc. Gifts to this fund can help patients while in our hospital, and those who need help in getting back and forth to appointments. It also designed to help family members transport or visit their loved ones in need of their support and care. Many needs in this area are focused on the families of children who require a stay in the hospital. Hospice Fund The Hospice program is a specialized team approach to care for patients with an incurable or progressive illness in the patients home or nursing facility. Hospice care emphasizes symptom management of pain and physical discomfort, and provides for emotional and spiritual needs of patients and their families. The Hospice Fund could provide someone in need with a variety of Hospice services and personal needs beyond what their insurance or personal finances can provide, and could also be used for new equipment, expansion of services and programs, training and education or for general use. Community Initiatives and Education The Community Initiatives Fund provides support to a variety of educational outreach and resources to the communities that we serve and can include: health screenings, wellness assessments and specialized educational programs on topics such as childhood obesity and diabetes. More specifically, funds from this area have recently supported brain

Financial Efficiency

• Mission deployment rate: 89.9%; rating input score 90
• Program expense ratio: 84.8%; rating input score 85
• Fundraising efficiency: $12.83 raised per $1 spent on fundraising; rating input score 48; 48th percentile among comparable filings

Transparency & Controls

• Consistency checks: 83.3%; rating input score 83; 1st percentile among comparable filings
• Pay-setting controls: 0 of 6 controls in place; rating input score 0
  • Compensation committee: Missing
  • Independent consultant: Missing
  • Other Form 990s reviewed: Missing
  • Written employment contract: Missing
  • Compensation survey or study: Missing
  • Board or committee approval: Missing
• Foreign activity oversight: Limited
• Grant itemization coverage: 83.1%; rating input score 83; 46th percentile among comparable filings
• Major donor itemization: No; rating input score 0
• Related-party transparency: Limited

Accountability

• Independent voting board: 71.4%; rating input score 71; 17th percentile among comparable filings
• Governance controls: 6 of 9 controls in place; rating input score 67
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Fail
  • Other executive compensation review process: Fail
  • Form 990 shared with the board: Fail
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: -5.9%; rating input score 27; 27th percentile among comparable filings
• Total-asset coverage ratio: 0; rating input score 1; 1st percentile among comparable filings
• Liabilities to assets ratio: Limited
• Officer compensation ratio: 161%; rating input score 1; 1st percentile among comparable filings

Growth

• Program expense growth: 60.5% per year; rating input score 100; 97th percentile among comparable filings
• Revenue growth: 3.6% per year; rating input score 100; 53rd percentile among comparable filings
• Asset growth: 0.2% per year; rating input score 100; 36th percentile among comparable filings