Marshall Hospital Foundation

Nonprofit profile at a glance

EIN
752605699
IRS 990 coverage
2010–2024
Forms available
Form 990 2024, Form 990-EZ 2009
Location
Marshall, TX, USA
Phone
9039276982
Rating
46
Verdict
MIXED
Rating confidence
Standard
Sector
Community Foundations

Reported finances

Revenue
$113,557
Expenses
$812
Assets
$379,546
Liabilities
$2,767

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

Leadership & pay

10 people listed

Executive titles in this filing

  • TODD HANCOCK (PRESIDENT/CEO)

Highest reported compensation

  • TODD HANCOCK (PRESIDENT/CEO): $907,014 total reported compensation
  • SUSAN WARD (EXEC. DIR.): $144,739 total reported compensation

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

Overview

Mission

It is the mission of the marshall hospital foundation to promote growth of gsmc-marshall through a broad-based program of funding and to support the hospitals mission to identify and provide exemplary healthcare in a safe and caring environment.

What it reported doing in 2024

The marshall hospital foundation is a 501( c)(3) charitable foundation that was founded in 1995. The people of harrison county and the surrounding area deserve quality medical resources. Through a broad-based program of funding, the foundation exists to promote growth of the medical center. The board's mission of marshall hospital foundation is to provide support for good shepherd medical center-marshall by generating, soliciting and receiving funds, gifts, and bequests that assist in carrying out beneficial health care activities as gsmc marshall. Marshall hospital foundation is to support good shepherd medical center-marshall in its efforts to improve the health and medical services of cass and marion county communities. The foundation provides assistance with the resources available for the maintenance and improvement of the medical center's current facilities and services. The marshall hospital foundation is a 501( c)(3) charitable instiution governed by a board of trustees committed to: - receiving and maintaining funds for meeting the healthcare needs of the residents of our area. - supporting medical education through the polly cargill nursing scholarship. - engaging in general healthcare instruction to the general public. - applying for grants.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
No current program activity. The filing reports no program spending for the current year.

The verdict

MIXED - 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 a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 9
  • Transparency & Controls: 64
  • Accountability: 94
  • Sustainability: 82
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 0%; rating input score 0
  • Program expense ratio: 0%; rating input score 0
  • Fundraising efficiency: $89.58 raised per $1 spent on fundraising; rating input score 84; 84th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 92.3%; rating input score 92; 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: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 88.9%; rating input score 89; 24th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 99.3%; rating input score 100; 100th percentile among comparable filings
  • Total-asset coverage ratio: 467.42; rating input score 100; 100th percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 48; 48th percentile among comparable filings
  • Officer compensation ratio: 9,877.5%; rating input score 0; 0th percentile among comparable filings

Growth

  • Program expense growth: -16.4% per year; rating input score 0; 7th percentile among comparable filings
  • Revenue growth: -7.8% per year; rating input score 0; 7th percentile among comparable filings
  • Asset growth: -8.2% per year; rating input score 0; 7th percentile among comparable filings

Details

  • Where the money goes: 0% of revenue deployed · 0% of spending went to programs
  • Governance: 8 of 9 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment
  • Leadership: top reported pay $907K · 10 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 16 of 17 current checks pass · 1 finding to review
  • Schedules: 7 filed schedules · includes major donors and executive pay
  • Filing history: 12 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Related organizations: 18 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.

  • High — Financial Efficiency: Mission deployment rate scored 0/100.
  • High — Financial Efficiency: Program expense ratio scored 0/100.
  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
  • High — Sustainability: Officer compensation ratio scored 0/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 48/100.