Morristown-Hamblen Hospital Foundation

Nonprofit profile at a glance

EIN
621697090
IRS 990 coverage
2011–2024
Forms available
Form 990 2024
Location
Knoxville, TN, USA
Phone
8653745329
Rating
68
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Health - General and Rehabilitative N.E.C.

Reported finances

Revenue
$300,197
Expenses
$179,362
Assets
$1,993,722
Liabilities
$15,133

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

16 people listed

Executive titles in this filing

  • Gordon E Lintz (President/CAO - Morristown)

People named in this filing

  • Mike Fishman (Director/Chair)
  • Greg Steisslinger (Director/Vice-Chair)
  • Kay Senter (Director/Secretary)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The purpose of the Morristown-Hamblen Hospital Foundation is to support the Morristown-Hamblen Hospital Association in promoting and advancing the well-being of the community by providing quality healthcare and health-related services. The Foundation provides philanthropic support to the Morristown-Hamblen Hospital Association through the generosity of individuals, corporations, and foundations in the community and supports the hospital's mission to serve the community by improving the quality of life through better health.

What it reported doing in 2024

Labor and Delivery: The Foundation distributed just over $20,000 to the Morristown-Hamblen Healthcare System labor and delivery department to fund the purchase of a panda warmer. This specialized newborn warming system provides a safe, temperature-regulated space for nursing staff to assess and evaluate the baby immediately after birth. If the baby suffers a complication, the equipment also includes an all-in-one system that has the features necessary to perform a resuscitation, including airway management, gentle ventilation and pulse oximetry. Additionally, the Panda Warmer can record the baby's weight, has adjustable lights for optimal lighting and uses a hands-free alarm control to help maintain a quiet environment. It is fully mobile and helps the team stabilize and transport the infant, whether from the operating room, emergency department or patient room, to the nursery without an interruption in care.

Operating model

Revenue model
Donor-supported. 87% 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.
  • Includes noncash contributions: Reported contributions include donated property or goods.

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 a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 40
  • Transparency & Controls: 94
  • Accountability: 94
  • Sustainability: 82
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 38.7%; rating input score 39
  • Program expense ratio: 49.2%; rating input score 49
  • Fundraising efficiency: $4.36 raised per $1 spent on fundraising; rating input score 19; 19th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 80th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 6 of 7 controls in place; rating input score 86
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 40.3%; rating input score 88; 88th percentile among comparable filings
  • Total-asset coverage ratio: 11.12; rating input score 90; 90th percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 47; 47th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings

Growth

  • Program expense growth: -4.9% per year; rating input score 0; 17th percentile among comparable filings
  • Revenue growth: -0.5% per year; rating input score 0; 22nd percentile among comparable filings
  • Asset growth: 1% per year; rating input score 100; 29th percentile among comparable filings

Details

  • Where the money goes: 38.7% of revenue deployed · 49.2% of spending went to programs
  • Governance: 13 of 13 board members independent · 6 of 7 filing controls reported
  • Programs: 3 filed program accomplishments · $88K in reported program spending
  • Leadership: top reported pay $0 · 16 people listed
  • Consistency: 22 of 22 current checks pass
  • Schedules: 7 filed schedules · includes major donors and grants
  • Filing history: 13 filing years from 2011 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 2 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 39/100.
  • Moderate — Financial Efficiency: Program expense ratio scored 49/100.
  • High — Financial Efficiency: Fundraising efficiency scored 19/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Accountability: Governance controls: Form 990 shared with the board not reported.
  • Moderate — Sustainability: Liabilities to assets ratio scored 47/100.