Lenoir Memorial Hospital Foundation Inc

Nonprofit profile at a glance

EIN
581584139
IRS 990 coverage
2009–2024
Forms available
Form 990 2024
Location
Kinston, NC, USA
Phone
2525227028
Rating
63
Verdict
SUPPORTED
Rating confidence
Moderate

Official website

Reported finances

Revenue
$519,885
Expenses
$441,435
Assets
$6,305,358
Liabilities
$4,000

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

Leadership & pay

23 people listed

Executive titles in this filing

  • CRYSTAL HAYDEN (DIRECTOR/CEO OF UNC HEALTH LENOIR)

Highest reported compensation

  • BHARADWAJ MANTHA (CFO OF UNC HEALTH LENIOR): $259,933 total reported compensation
  • JEFF WAKEFIELD (FORMER CFO OF UNC HEALTH LENOIR): $134,297 total reported compensation
  • VICKIE ROBINSON (FOUNDATION DIRECTOR): $106,244 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The lenoir memorial hospital foundation operates as a non-profit, charitable foundation to financially support the mission of lenoir memorial hospital(dba unc health lenoir). It serves to receive contributions, hold and manage assets, make contributions to improve the health status of the community, and assist in providing high quality healthcare and outstanding customer service.

What it reported doing in 2024

The foundations program service accomplishments included providing lenoir memorial hospital (dba unc health lenoir) with $1,473 for bp monitors for the community, $16,742 for portable uv disinfection devices, $3,240 for transit tickets for patients with transporation obstacles,$12,469 for trauma control training, $3,624 for 911 rescue tools, $1,922 for the car seat program, $2,100 for boxing therapy certification, $38,000 for the teeclean disinfection device, $24,164 for new carts and chairs, $4,948 for the cancer screening program, $25,249 for a davinci sink station, $1,000 to assist site rebuild after hurrican helen and $7,000 for new inpatient rehab equipment. The foundation also provided scholarships and awards totaling $9,042 and provided assistance to hospital employees and patients totaling $8,498.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Grant intermediary. The nonprofit sent 80% of its reported program spending out as grants.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence.

Rating breakdown

  • Financial Efficiency: 48
  • Transparency & Controls: 71
  • Accountability: 77
  • Sustainability: 74
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 56.9%; rating input score 57
  • Program expense ratio: 45.1%; rating input score 45
  • Fundraising efficiency: $3.36 raised per $1 spent on fundraising; rating input score 10; 10th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd 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; 76th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 78.9%; rating input score 79; 17th percentile among comparable filings
  • Governance controls: 6 of 8 controls in place; rating input score 75
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • 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: 15.1%; rating input score 70; 70th percentile among comparable filings
  • Total-asset coverage ratio: 14.28; rating input score 94; 94th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 80; 80th percentile among comparable filings
  • Officer compensation ratio: 10.7%; rating input score 34; 34th percentile among comparable filings

Growth

  • Program expense growth: -9.3% per year; rating input score 0; 5th percentile among comparable filings
  • Revenue growth: 1.8% per year; rating input score 100; 23rd percentile among comparable filings
  • Asset growth: 3.7% per year; rating input score 100; 33rd percentile among comparable filings

Details

  • Where the money goes: 56.9% of revenue deployed · 45.1% of spending went to programs
  • Governance: 15 of 19 board members independent · 6 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $199K in reported program spending
  • Leadership: top reported pay $260K · 23 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 23 of 23 current checks pass
  • Schedules: 8 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 15 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 2 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.

  • Review — Financial Efficiency: Mission deployment rate scored 57/100.
  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • Moderate — Financial Efficiency: Program expense ratio scored 45/100.
  • High — Financial Efficiency: Fundraising efficiency scored 10/100.
  • Review — Accountability: Governance controls: 2 of 8 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • Moderate — Sustainability: Officer compensation ratio scored 34/100.