Mayo Clinic Health System-st James Health Care Foundation

What it reported doing in 2014

Program accomplishments (see schedule o): mayo clinic health system - st. James health care foundation is affiliated with the mayo clinic health system. 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.the primary purpose of the mayo clinic health system - st. James health care foundation (the foundation) is raising funds for the continued development of health care services at mayo clinic health system - st. James. In 2014, the following was donated to mayo clinic health system - st. James:$5,000 for an eye chair stretcher for surgery outpatient$1,438 for an elliptical machine for cardiac rehab$565 for diabetes education at armour eckrich$59 for miscellaneous items for administration$70 for a break room toaster for employee engagement$1,200 for training & subscription of nuva application for clinical nutrition$2,450 for zoll autopulse batteries & charger for emergency department$6,070 for student nurse internships$2,500 for scholarships to area students pursuing a career in health care

Financial Efficiency

• Mission deployment rate: 14%; rating input score 14
• Program expense ratio: 100%; rating input score 100
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd 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: 100%; rating input score 100; 79th percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Yes; rating input score 100

Accountability

• Independent voting board: 100%; rating input score 100; 63rd 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: 89.9%; rating input score 99; 99th percentile among comparable filings
• Total-asset coverage ratio: 0; rating input score 1; 1st percentile among comparable filings
• Liabilities to assets ratio: Limited
• Officer compensation ratio: 490.2%; rating input score 0; 0th percentile among comparable filings

Growth

• Program expense growth: 47.9% per year; rating input score 100; 92nd percentile among comparable filings
• Revenue growth: 24% per year; rating input score 100; 89th percentile among comparable filings
• Asset growth: 0.1% per year; rating input score 100; 40th percentile among comparable filings