Magee Benevolent Association
Nonprofit profile at a glance
- EIN
- 640324402
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Magee, MS, USA
- Phone
- 6018495070
- Rating
- 65
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Hospital, General
Reported finances
- Revenue
- $18,453,234
- Expenses
- $19,489,282
- Assets
- $8,537,217
- Liabilities
- $2,090,811
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
11 people listed
Executive titles in this filing
- W BENNET HUBBARD JR (BOARD CHAIRMAN/PRESIDENT)
- GREGG GIBBES (CEO)
Highest reported compensation
- GEORGE E GILLESPIE (PHYSICIAN): $663,939 total reported compensation
- JOSHUA ALDERMAN (ER PROVIDER): $242,605 total reported compensation
- JOHN WELLS (CRNA): $226,674 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Magee general hospital shall continue to provide quality healthcare to those that present themselves for our services. We are dedicated to meet the challenges of the future to assure that people of this community receive quality healthcare at a reasonable cost. We are committed to maintain patient confidentiality and to comfort and respect patients, families and friends.
What it reported doing in 2024
Magee general hospital offers a variety of medical services that are designed to meet healthcare needs of the surrounding community. This service is accomplished through the operation of a full service inpatient, outpatient, and emergency care facility.
Operating model
- Revenue model
- Earned-program. 97% 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. Program spending has declined or grown slowly and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 61
- Transparency & Controls: 70
- Accountability: 94
- Sustainability: 21
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 69.9%; rating input score 70
- Program expense ratio: 66.2%; rating input score 66
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 92.9%; rating input score 93; 10th 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: 100%; rating input score 100; 66th percentile among comparable filings
- Governance controls: 6 of 7 controls in place; rating input score 86
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Fail
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -5.6%; rating input score 15; 15th percentile among comparable filings
- Total-asset coverage ratio: 0.44; rating input score 13; 13th percentile among comparable filings
- Liabilities to assets ratio: 0.24; rating input score 53; 53rd percentile among comparable filings
- Officer compensation ratio: 7.5%; rating input score 33; 33rd percentile among comparable filings
Growth
- Program expense growth: -5.5% per year; rating input score 0; 3rd percentile among comparable filings
- Revenue growth: -3.5% per year; rating input score 0; 3rd percentile among comparable filings
- Asset growth: -9.3% per year; rating input score 0; 1st percentile among comparable filings
Details
- Where the money goes: 69.9% of revenue deployed · 66.2% of spending went to programs
- Governance: 5 of 5 board members independent · 6 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $12.9M in reported program spending
- Leadership: top reported pay $664K · 11 people listed · 1 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $2.1M reported
- Consistency: 27 of 28 current checks pass · 1 finding to review
- Schedules: 7 filed schedules · includes major donors and executive pay
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 5 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.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Operating margin scored 15/100.
- High — Sustainability: Total-asset coverage ratio scored 13/100.
- Review — Accountability: Governance controls: Audit committee oversight not reported.
- High — Growth: Asset growth scored 0/100.
- Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
- Moderate — Sustainability: Officer compensation ratio scored 33/100.
- Review — Sustainability: Liabilities to assets ratio scored 53/100.