Mayo Clinic Health System-mankato Health Care Foundation

What it reported doing in 2014

See schedule o.mayo clinic health system is a family of clinics, hospitals and health care facilities serving communities in Minnesota, Iowa, Wisconsin and Georgia. As part of mayo clinic, the health system offers care designed for the whole body close to the patient's home, when they need it. A multidisciplinary team of experts has ready access to knowledge, resources, and expertise of mayo clinic and collaborates on providing exactly the care the patient needs. Mayo clinic health system sites employ approximately 1,000 physicians and 15,000 allied health staff. In addition, mayo clinic physicians from multiple specialties regularly see patients at health system facilities. Besides having health care facilities in nearly 70 communities, mayo clinic health system includes 19 owned hospitals, five owned nursing homes, physician service agreements with one additional hospital, and contract management agreements with two additional hospitals and one nursing home. Since its inception in 1992, mayo clinic health system has grown into one of the most successful regional health care systems in the united states. More than 600,000 unique patients account for more than 2.6 million visits annually in mayo clinic health system. It is also a national leader in quality and safety efforts. Mayo clinic health system - mankato health care foundation (the foundation) is incorporated to enhance the health care programs and services of mayo clinic health system - mankato (mchs-mankato).gifts provided in 2014 include the following: support mchs-mankato's palliative care and hospice services in mankato, st. Peter, le sueur, springfield, st. James, waseca, madelia and surrounding communities.grants to support programs within mchs-mankato, including nursing education, lab education, medically indigent support and other programs.the foundation received donated management and general services of approximately $674,777 from mchs-mankato for the year ended december 31, 2014. This amount is not reflected in the accompanying statements of activities as contribution income and management and general, special events, and fundraising expenses. The donated services from mchs-mankato include personnel and other expenses necessary in the implementation and operation of fundraising and special events.in addition, the foundation received donated use of facilities from mchs-mankato. The value of the use of facilities was not material and has not been recorded in the accompanying financial statements.

Financial Efficiency

• Mission deployment rate: 83.5%; rating input score 84
• Program expense ratio: 100%; rating input score 100
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 88.2%; rating input score 88; 2nd 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: 90.1%; rating input score 90; 33rd percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 91.7%; rating input score 92; 23rd 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: 19.8%; rating input score 82; 82nd percentile among comparable filings
• Total-asset coverage ratio: 5.6; rating input score 86; 86th percentile among comparable filings
• Liabilities to assets ratio: 0.01; rating input score 77; 77th percentile among comparable filings
• Officer compensation ratio: 30.4%; rating input score 5; 5th percentile among comparable filings

Growth

• Program expense growth: 1.9% per year; rating input score 100; 43rd percentile among comparable filings
• Revenue growth: -2.1% per year; rating input score 0; 22nd percentile among comparable filings
• Asset growth: -1% per year; rating input score 0; 30th percentile among comparable filings