Meridian Park Medical Foundation

Nonprofit profile at a glance

EIN
930773410
IRS 990 coverage
2009–2020
Forms available
Form 990 2020
Location
Portland, OR, USA
Phone
5034155600
Rating
66
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Single Organization Support

Official website

Reported finances

Revenue
$3,801,745
Expenses
$223,092
Assets
$0
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2020. Amounts in USD.

Leadership & pay

18 people listed

Highest reported compensation

  • JONATHAN E AVERY (EX-OFFICIO): $785,503 total reported compensation
  • MAUREEN A BRADLEY (EX-OFFICIO): $462,793 total reported compensation
  • ANNE T GREER (FORMER OFFICER): $414,388 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2020. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Meridian Park Medical Foundation's mission is to advance the patient care, education and technology in medical science at Legacy Meridian Park Hospital. It also encourages charitable giving and provides faithful stewardship of the community's philanthropy.

What it reported doing in 2020

Charitable gifts to Meridian Park Medical Foundation support the programs and services of Legacy Meridian Park Medical Center, many of which are not supported by traditional means of reimbursement.Legacy Meridian Park Medical Center, which opened in 1973, has continually expanded to meet the needs of the fast-growing southern metropolitan area. Legacy Meridian Park provides medical care to the Oregon communities of Tualatin, Tigard, West Linn, Sherwood, Wilsonville, and beyond. The hospitals comprehensive services include:* Breast Health Center* Cancer Services* Heart Services & Cardiac Rehabilitation* Pediatric and Adult Rehabilitation* Stroke Program* Total Joint Center* Family Birth CenterIn addition, the foundation supports several Legacy Health primary and specialty care clinics in the southern Portland metropolitan area.In fiscal year 2021, philanthropic contributions supported programs in four major areas: Patient Care $174,891Education and Training $27,611Community Benefit & Other Programs $22,248Some of the specific projects funded in this year were as follows: Provided funding to support the hospitals COVID-19 preparedness and response. Purchased a portable heart monitor for patient transport. Supported a quality improvement project related to reduce pressure ulcers. Funded cardiac and pulmonary rehabilitation for patients without insurance or other financial means. Provided emergency medications, durable medical equipment, and other health- related supplies to uninsured, under-insured, and low-income patients. Supported complementary therapies for cancer patients including nutrition education, exercise, art therapy and yoga classes. Purchased specialized equipment to support pediatric rehabilitation therapies for children. Supported child passenger safety seat activities for the community. Provided support for continuing education for physicians, nurses, therapists, and other staff at Legacy Meridian Park Medical Center. Supported the care and maintenance of the healing garden.

Operating model

Revenue model
Donor-supported. 78% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.

The verdict

SUPPORTED - 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 few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence.

Rating breakdown

  • Financial Efficiency: 57
  • Transparency & Controls: 69
  • Accountability: 85
  • Sustainability: 47
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 42.1%; rating input score 42
  • Program expense ratio: 100%; rating input score 100
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 94.1%; rating input score 94; 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: 99.5%; rating input score 99; 36th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 75%; rating input score 75; 13th 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: 94.1%; rating input score 99; 99th percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 0; 0th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 151.3%; rating input score 0; 0th percentile among comparable filings

Growth

  • Program expense growth: -28.1% per year; rating input score 0; 1st percentile among comparable filings
  • Revenue growth: 3.6% per year; rating input score 100; 41st percentile among comparable filings
  • Asset growth: 3.2% per year; rating input score 100; 32nd percentile among comparable filings

Details

  • Where the money goes: 42.1% of revenue deployed · 100% of spending went to programs
  • Governance: 9 of 12 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $223K in reported program spending
  • Leadership: top reported pay $786K · 18 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 15 of 16 current checks pass · 1 finding to review
  • Schedules: 10 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 12 filing years from 2009 to 2020
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • Related organizations: 17 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.

  • Moderate — Financial Efficiency: Mission deployment rate scored 42/100.
  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 0/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • High — Sustainability: Officer compensation ratio scored 0/100.