Jones Memorial Hospital
Legal name: Memorial Hospital of William F and Gertrude F Jones Inc
Nonprofit profile at a glance
- EIN
- 222807681
- IRS 990 coverage
- 2010–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024
- Location
- Wellsville, NY, United States
- Phone
- (585) 596-0134
- Rating
- 78
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Hospital, General
Reported finances
- Revenue
- $106,999,955
- Expenses
- $96,588,852
- Assets
- $105,845,618
- Liabilities
- $45,282,326
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
23 people listed
Executive titles in this filing
- JAMES HELMS (CHIEF EXECUTIVE OFFICER)
Highest reported compensation
- STEVEN GOLDSTEIN (BOARD MEMBER): $1,591,441 total reported compensation
- MICHAEL APOSTOLAKOS (BOARD MEMBER): $848,534 total reported compensation
- MARK TAUBMAN (BOARD MEMBER): $786,939 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Jones Memorial Hospital is committed to ensuring access to the highest quality healthcare in a caring manner to improve the quality of life for our communities. and Values Mission Statement Jones Memorial Hospital provides the highest quality healthcare in a caring manner to improve the quality of life for our communities. Jones Memorial Hospital provides the highest quality healthcare in a caring manner to improve the quality of life for our communities. Vision Statement. Commitment:** We deliver quality patient care in a respectful manner. We strive to provide all services with the highest level of integrity & honesty. Accountability:** We accept responsibility to provide consistent and timely high-quality care and the stewardship of resources we are entrusted with while maintaining a positive and professional attitude. Respect:** We treat everyone with respect, fairness and...
What it reported doing in 2024
Quality of health care: the memorial hospital of william f. & gertrude f. Jones, inc. A/k/a jones memorial hospital is a sole community provider with 49 acute care beds, not for profit, located in rural wellsville ny in a professionally underserved area. We provide primary care, ambulatory care, emergency care and acute (medical, surgical, pediatric, ob and gyn) and intensive care plus community outreach programs. We admitted 1,670 patients plus 362 births. The hospital has provided charity care to indigent patients totaling $548,746.
Operating model
- Revenue model
- Earned-program. 87% 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. Total assets are small relative to annual expenses; liquid coverage is unknown and reported officer compensation is a large share of total spending, which may reflect staffing concentration.
Rating breakdown
- Financial Efficiency: 71
- Transparency & Controls: 85
- Accountability: 82
- Sustainability: 54
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 76.9%; rating input score 77
- Program expense ratio: 85.2%; rating input score 85
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
- Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Pass
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 68.8%; rating input score 69; 20th 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: 9.7%; rating input score 72; 72nd percentile among comparable filings
- Total-asset coverage ratio: 1.1; rating input score 43; 43rd percentile among comparable filings
- Liabilities to assets ratio: 0.43; rating input score 42; 42nd percentile among comparable filings
- Officer compensation ratio: 4.1%; rating input score 24; 24th percentile among comparable filings
Growth
- Program expense growth: 9.8% per year; rating input score 100; 74th percentile among comparable filings
- Revenue growth: 8.5% per year; rating input score 100; 70th percentile among comparable filings
- Asset growth: 11.4% per year; rating input score 100; 76th percentile among comparable filings
Details
- What they do: 6 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: 76.9% of revenue deployed · 85.2% of spending went to programs
- Governance: 11 of 16 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $82.3M in reported program spending
- Leadership: top reported pay $1.6M · 23 people listed · 3 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $4.8M reported
- Consistency: 30 of 30 current checks pass
- Schedules: 8 filed schedules · includes major donors, executive pay, and related organizations
- Filing history: 15 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 8 filed money-flow records
- Related organizations: 57 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Sustainability: Total-asset coverage ratio scored 43/100.
- High — Sustainability: Officer compensation ratio scored 24/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 42/100.