Lexmedical Inc
Nonprofit profile at a glance
- EIN
- 561941380
- IRS 990 coverage
- 2009–2011
- Forms available
- Form 990 2011
- Location
- Lexington, NC, USA
- Phone
- 3362485161
- Rating confidence
- Limited
- Sector
- Single Organization Support
Reported finances
- Revenue
- $3,780,212
- Expenses
- $5,569,937
- Assets
- $0
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2011. Amounts in USD.
Leadership & pay
16 people listed
Source: IRS Form 990. Selected filing: tax year 2011. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To promote, improve, and enhance the health and welfare of communities through the support of or involvement in the recruitment, formation, development, management, equipping, and maintenance of health care services provided in affiliation with lexington medical center, a not for profit corporation exempt from federal taxation under section 501(c)(3) of the internal revenue code, in medically underserved communities.
What it reported doing in 2011
Provided health care services in affiliation with lexington medical center, to areas that are medically underserved.
Operating model
- Revenue model
- Earned-program. 68% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 74
- Accountability: 52
- Sustainability: 1
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 59th percentile among comparable filings
- Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 33.3%; rating input score 33; 7th 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: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -47.3%; rating input score 2; 2nd percentile among comparable filings
- Total-asset coverage ratio: 0; rating input score 0; 0th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 97%; rating input score 0; 0th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: -43.2% per year; rating input score 0; 2nd percentile among comparable filings
- Asset growth: -68% per year; rating input score 0; 1st percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 2 of 6 board members independent · 7 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $5.5M in reported program spending
- Leadership: top reported pay $2.5M · 16 people listed · 1 of 6 pay-setting controls reported
- Highest-paid contractors: 1 contractor listed
- Consistency: 22 of 22 current checks pass
- Schedules: 7 filed schedules · includes major donors and executive pay
- Filing history: 3 filing years from 2009 to 2011
- Related organizations: 7 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 — Accountability: Independent voting board scored 33/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Operating margin scored 2/100.
- Review — Accountability: Governance controls: 2 of 9 not reported.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 0/100.
- High — Sustainability: Officer compensation ratio scored 0/100.