Monongahela Valley Hospital Foundation

What it reported doing in 2020

The mission is accomplished through promoting the development within the greater monongahela valley area of health and welfare services, facilities and programs which will enhance the general health and welfare of the community by increasing the accessibility, continuity and quality of services provided to the residents of the community. Monongahela valley hospital foundation, inc. Provides various activities including fund-raising, the securing of grants and contracts, joint planning and marketing for subsidiary enterprises, public relations activities and the general promotion of health, welfare, education and other charitable purposes.monongahela valley hospital foundation, inc. Provided nearly $1,858,000 of funding to monongahela valley hospital, inc. For capital and supply purchases, programs providing direct patient support, the cameos of caring program that promotes the nursing profession, medical education programs, staff certifications, and the purchase of training software licenses for newly graduated nurses.monongahela valley hospital foundation, inc. Provided three new scholarship and made additional payments to four previous awardees under the scholarship program for nurses and critical clinical health care occupations. Students may qualify for this scholarship by having a 3.5 cumulative grade point average at the end of the first semester of their senior year of high school, have a letter of acceptance into an approved post-secondary program, and complete an application with a 200 word essay. A selection committee reviews all applications and submits their recommendations to the corporate staff members of the hospital for final approval. To continue receiving scholarship funds, the recipients must maintain full-time student status, a 2.5 or better grade point average and sign a commitment to work at the hospital upon graduation.monongahela valley hospital foundation, inc. Also provides a registered nurse scholarship program for displaced workers. In fiscal year 2020, no individual applied for this award. Possible recipients may qualify for this scholarship by being unemployed, have a letter of acceptance into an accredited school of nursing, and be recommended by their former employer and local careerlink office. Corporate staff members review applications and interview applicants for final approval. To continue receiving scholarship funds, the recipients must maintain full-time student status, a 2.5 or better grade point average and sign a commitment to work at the hospital upon graduation.due to the covid-19 pandemic, monongahela valley hospital foundation, inc. Was unable to hold the thirty-second annual gala fund-raising event in person. The gala to commemorate the health care system's achievements and to honor those whose efforts and dedication have enhanced the quality of health care in the mid-mon valley was successfully held virtually. Also during fiscal year 2021 monongahela valley hospital foundation, inc., continued its efforts in the ducoeur breast cancer walk, the giving society, the hearts that care, and the pathways promoting progress in health community fund-raising campaigns. Funds realized through these programs of giving will be used to endow the services provided by our health care system.

Financial Efficiency

• Mission deployment rate: 79.3%; rating input score 79
• Program expense ratio: 82.5%; rating input score 82
• Fundraising efficiency: $10.48 raised per $1 spent on fundraising; rating input score 32; 32nd percentile among comparable filings

Transparency & Controls

• Consistency checks: 92.3%; rating input score 92; 9th 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; 71st percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: No; rating input score 0

Accountability

• Independent voting board: 73.3%; rating input score 73; 12th 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: 4%; rating input score 34; 34th percentile among comparable filings
• Total-asset coverage ratio: 0.75; rating input score 27; 27th percentile among comparable filings
• Liabilities to assets ratio: 0.02; rating input score 82; 82nd percentile among comparable filings
• Officer compensation ratio: 7.1%; rating input score 39; 39th percentile among comparable filings

Growth

• Program expense growth: 47% per year; rating input score 100; 96th percentile among comparable filings
• Revenue growth: 41.7% per year; rating input score 100; 96th percentile among comparable filings
• Asset growth: -8.8% per year; rating input score 0; 3rd percentile among comparable filings