Lancaster General Health Innovative Solutions Inc

Nonprofit profile at a glance

EIN
460589543
IRS 990 coverage
2013–2014
Forms available
Form 990 2014
Location
Lancaster, PA, USA
Phone
7175444926
Rating
68
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Community Health Systems

Official website

Reported finances

Revenue
$79,962
Expenses
$1,030,075
Assets
$4,856,634
Liabilities
$3,299

Source: IRS Form 990. Selected filing: tax year 2014. Amounts in USD.

Leadership & pay

8 people listed

Source: IRS Form 990. Selected filing: tax year 2014. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To conceive and launch new and innovative healthcare services, care models, clinical pathways and products to accelerate healthcare transformation, promote and enhance quality and efficiency, and better meet the healthcare needs of the community; to deploy state-of-the art healthcare technology to transform healthcare delivery and better meet the needs of the community; to cultivate an environment of learning and creativity; and to serve as a catalyst for the development of innovation as a core competency, all in support of and in furtherance of the Section 501(c)(3) purposes and mission of the Lancaster General Health system.

What it reported doing in 2014

Supports members of the healthcare system by promoting, sponsoring, and facilitating the development of new, innovative healthcare services and programs. It is dedicated to the cultivation of new innovative ideas, the development of innovative tools and processes, and the promotion of a culture of creativity, meaningful risk-taking, and growth for the benefit of lancaster general health and its affiliates. Potential innovation programs are categorized into four primary sub-portfolios: technology solutions & services, consumer access and navigation solutions, chronic care solutions, and anywhere care, i.e., new alternatives to care delivery that are primarily outside institutional settings. The portfolios are intended to advance the vision of lancaster general health, concentrating on novel strategies to transform the care delivery system and promote organizational sustainability.

Operating model

Revenue model
Investment-supported. 100% of the money available for current operations came from recurring investment income.
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. A relatively small share of total spending goes to programs and a relatively small share of voting board members are independent.

Rating breakdown

  • Financial Efficiency: 69
  • Transparency & Controls: 88
  • Accountability: 58
  • Sustainability: 23
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 40.4%; rating input score 40
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd 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: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 42.9%; rating input score 43; 19th percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Fail
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -1,188.2%; rating input score 4; 4th percentile among comparable filings
  • Total-asset coverage ratio: 4.71; rating input score 51; 51st percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 43; 43rd percentile among comparable filings
  • Officer compensation ratio: 52.6%; rating input score 6; 6th percentile among comparable filings

Growth

  • Program expense growth: -33.5% per year; rating input score 0; 24th percentile among comparable filings
  • Revenue growth: Limited
  • Asset growth: 3.6% per year; rating input score 100; 67th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 40.4% of spending went to programs
  • Governance: 3 of 7 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $416K in reported program spending
  • Leadership: top reported pay $3.8M · 8 people listed · 5 of 6 pay-setting controls reported
  • Consistency: 21 of 21 current checks pass
  • Schedules: 5 filed schedules · includes executive pay
  • Filing history: 2 filing years from 2013 to 2014
  • Contacts: How to reach this organization
  • Related organizations: 15 filed related-organization links
  • 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.

  • Moderate — Financial Efficiency: Program expense ratio scored 40/100.
  • Moderate — Accountability: Independent voting board scored 43/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Sustainability: Operating margin scored 4/100.
  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • Review — Sustainability: Total-asset coverage ratio scored 51/100.
  • High — Sustainability: Officer compensation ratio scored 6/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 43/100.