Jones County Regional Healthcare System

Nonprofit profile at a glance

EIN
461285811
IRS 990 coverage
2014–2018
Forms available
Form 990 2018
Location
Stamford, TX, USA
Phone
3257732725
Rating
76
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Community Health Systems

Official website

Reported finances

Revenue
$2,355,237
Expenses
$8,791,081
Assets
$440,444
Liabilities
$12,847,457

Source: IRS Form 990. Selected filing: tax year 2018. Amounts in USD.

Leadership & pay

11 people listed

Executive titles in this filing

  • CARY DAVIS (VICE PRESIDENT)
  • ERICK RICHARDS (PRESIDENT)
  • RICK DEFOORE (CEO END: 08/18)
  • SANDY FINLEY (CAO/CEO)

Highest reported compensation

  • DOUG KRUCKNER MD (PHYSICIAN end: 6/18): $194,444 total reported compensation
  • RICK DEFOORE (CEO END: 08/18): $163,931 total reported compensation
  • JAMIE BENHAM (NURSE PRACTITIONER end: 8/18): $118,817 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2018. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The board approved mission and vision are that "we are a christian, non-profit organization dedicated to create-ing outstanding healthcare.stands for courtesy, respect, engage, attitude, think, and enjoy.

What it reported doing in 2018

Stamford memorial hospital is an acute care hospital located in stamford, tx. We offer inpatient services such as general acute care, swing bed and er care. We treated 35 inpatients and then ceased hospital operations on 7/9/18. Outpatient services include a full service laboratory, and a radiology department that includes routine x-rays, ct scans, ultrasounds, cardiac and doppler imaging. Physical, occupational and speech therapy are also available on both an inpatient and outpatient basis. We had 855 er visits in 2018 and 1,735 clinic visits.

Operating model

Revenue model
Earned-program. 88% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

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

Rating breakdown

  • Financial Efficiency: 80
  • Transparency & Controls: 80
  • Accountability: 75
  • Sustainability: 4
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 74.1%; rating input score 74
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 2 of 6 controls in place; rating input score 33
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 80%; rating input score 80; 14th percentile among comparable filings
  • Governance controls: 6 of 9 controls in place; rating input score 67
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • 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: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -273.3%; rating input score 0; 0th percentile among comparable filings
  • Total-asset coverage ratio: 0.05; rating input score 2; 2nd percentile among comparable filings
  • Liabilities to assets ratio: 29.17; rating input score 0; 0th percentile among comparable filings
  • Officer compensation ratio: 7.8%; rating input score 32; 32nd percentile among comparable filings

Growth

  • Program expense growth: 19.2% per year; rating input score 100; 87th percentile among comparable filings
  • Revenue growth: 11.9% per year; rating input score 100; 79th percentile among comparable filings
  • Asset growth: 7.1% per year; rating input score 100; 59th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 74.1% of spending went to programs
  • Governance: 4 of 5 board members independent · 6 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $6.5M in reported program spending
  • Leadership: top reported pay $194K · 11 people listed · 2 of 6 pay-setting controls reported
  • Highest-paid contractors: 2 contractors listed · $732K reported
  • Consistency: 33 of 33 current checks pass
  • Schedules: 9 filed schedules · includes major donors, executive pay, and related organizations
  • Filing history: 5 filing years from 2014 to 2018
  • Contacts: How to reach this organization
  • Money network: 6 filed money-flow records
  • Related organizations: 1 filed related-organization link
  • 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.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Sustainability: Operating margin scored 0/100.
  • Review — Accountability: Governance controls: 2 of 8 not reported.
  • High — Sustainability: Total-asset coverage ratio scored 2/100.
  • High — Sustainability: Liabilities to assets ratio scored 0/100.
  • Moderate — Sustainability: Officer compensation ratio scored 32/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.