Major Health Partners Foundation

What it reported doing in 2024

Patient and family support and charity care funding: the prescription assistance program disbursed $6,518 to purchase 46 prescriptions for patients who could not afford them. This assistance is short-term for one or two cycles of prescriptions while case managers work, when necessary, to find long term prescription assistance for the patient. The program prevents costly readmissions of inpatients and helps keep outpatients healthy so that they are not admitted for something that could have been prevented with medication. The charity care fund provided $5,854 to assist 79 patients with heart screenings and medical equipment, and provided $2,122 for mental health patients.the patient and family support fund disbursed $7,900 in small healthcare related items for patients during recovery, helping to reduce unneeded stress during their hospital stay. In most cases, the items helped patients transition more successfully to home or a rehabilitation facility. Transportation is an increasing need, and the patient and family support fund helped support that program as well. The "you are not alone" fund disbursed $10,630 to help 37 oncology patients in need with day to day living expenses and special items to increase quality of life.the women's alliance spent $37,420 on projects to help support patients at mhp. They made baby sized christmas stockings for newborn babies, oncology support bags for each patient in treatment at the mhp center for oncology and hematology, and cardiac rehabilitation gym bags for each patient in cardiac rehab at mhp.wound care: $6,336 used to assist a wound care patient.employee projects: $24,747 used to help departments provide better care for their patients through an internal grant process. Employees submit project ideas that would improve functionality, access to care, or project development. This is part of the annual employee fundraising campaign, together we are.the premium assistance fund covered patient bills for $11,152 for 111 patients.

Financial Efficiency

• Mission deployment rate: 100%; rating input score 100
• Program expense ratio: 76.9%; rating input score 77
• Fundraising efficiency: $3.94 raised per $1 spent on fundraising; rating input score 13; 13th percentile among comparable filings

Transparency & Controls

• Consistency checks: 93.3%; rating input score 93; 22nd 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: 99%; rating input score 99; 48th percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 63.6%; rating input score 64; 13th 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: 20.1%; rating input score 76; 76th percentile among comparable filings
• Total-asset coverage ratio: 9.94; rating input score 92; 92nd percentile among comparable filings
• Liabilities to assets ratio: 0.01; rating input score 69; 69th percentile among comparable filings
• Officer compensation ratio: 21.9%; rating input score 13; 13th percentile among comparable filings

Growth

• Program expense growth: 5% per year; rating input score 100; 42nd percentile among comparable filings
• Revenue growth: 3.8% per year; rating input score 100; 36th percentile among comparable filings
• Asset growth: 6.7% per year; rating input score 100; 46th percentile among comparable filings