Iredell Health Foundation

What it reported doing in 2024

How generosity inspired wellbeing across iredell county in 2025: your generosity in 2025 strengthened every corner of iredell health system, advancing our mission to inspire wellbeing-together. Through your support of our people, humanitarian, community and innovation foundation pillars, you helped expand vital services, care for patients in their most vulnerable moments, invested in our caregivers, and brought cutting-edge tools to the bedside.(continued on schedule o)people - investing in caregivers and teammates.-obtained $1.15 million in grant support for the internal medicine residency program, expanding the institution's capacity to train and retain high-quality resident physicians.-guardian angel program honored 115 teammates for their meaningful impact and compassionate patient care showcasing the trust our community places in them.-provided continuing educational & development opportunities for 70 nurses, which makes possible continuous improvement in patient safety and quality of care.humanitarian - standing beside patients in crisis.-through the cancer care & patient support, care transitions, and women's health funds, the foundation has assisted 300+ patients and families with essential needs such as meals, utility payments, transportation, and nutritional support, reducing financial barriers to care.-these funds have expanded access to preventive and rehabilitative services, covering mammogram and ultrasound screenings for women, as well as oncology and cardiac rehabilitation for patients unable to afford treatment.-by addressing both medical and everyday needs, the foundation has strengthened care continuity and improved patient outcomes, enabling more individuals to recover safely and maintain long-term health.community - strengthening our community.-the foundation serves as the lead agency for the whole child, whole family, whole community (whole) collaborative, providing oversight, healthcare access coordination, and leadership guidance across partner organizations.-chosen for its strong credibility, broad network, and proven success in managing large-scale community health initiatives, the foundation was awarded an investment of $100,000 to support this bold, unified initiative aimed at improving outcomes for the county's most vulnerable children and families-the foundation was awarded a $450,000 grant to expand critically needed behavioral health services with the integration of a licensed clinical social worker (lcsw) into one of iredell health's rural health clinics, increasing access to mental health care for underserved residents.innovation - innovating care for today and tomorrow.-state-of-the-art ultrasound machine: made possible by gifts from our generous donors, this advanced technology enhances diagnostic accuracy and image quality, enabling earlier detection and more precise treatment planning.-external pacemakers: funded by contributions from our donors, these devices strengthen cardiovascular care by providing reliable support for patients with heart rhythm irregularities, improving safety and continuity of care.-non-invasive bilirubinometer screening device secured that detects jaundice in newborns, reducing needle sticks, speeding treatment, and helping prevent serious complications so more babies go home healthy.

Financial Efficiency

• Mission deployment rate: 36.6%; rating input score 37
• Program expense ratio: 97.9%; rating input score 98
• Fundraising efficiency: $267.47 raised per $1 spent on fundraising; rating input score 93; 93rd percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 64th 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: 100%; rating input score 100; 80th percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
• Governance controls: 3 of 8 controls in place; rating input score 38
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Fail
  • Document-retention policy: Fail
  • CEO compensation review process: Fail
  • 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: 64.3%; rating input score 95; 95th percentile among comparable filings
• Total-asset coverage ratio: 8.92; rating input score 88; 88th percentile among comparable filings
• Liabilities to assets ratio: 0.02; rating input score 40; 40th percentile among comparable filings
• Officer compensation ratio: 65%; rating input score 2; 2nd percentile among comparable filings

Growth

• Program expense growth: -45.5% per year; rating input score 0; 2nd percentile among comparable filings
• Revenue growth: -51.6% per year; rating input score 0; 1st percentile among comparable filings
• Asset growth: 24.7% per year; rating input score 100; 89th percentile among comparable filings