Munster Medical Research Foundation Inc
Nonprofit profile at a glance
- EIN
- 351107009
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024, Form 990-T 2024
- Location
- Munster, IN, USA
- Phone
- 2198361600
- Rating
- 73
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Hospital, General
Reported finances
- Revenue
- $760,372,798
- Expenses
- $691,579,685
- Assets
- $334,315,700
- Liabilities
- $40,387,639
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
27 people listed
Executive titles in this filing
- DAVID E WICKLAND (PRESIDENT)
- DONALD C TORRENGA (VICE PRESIDENT)
Highest reported compensation
- RANDY NEISWONGER (ADMINISTRATOR): $950,706 total reported compensation
- GREGG FERLIN (SR VP AND SYSTEM CFO): $875,762 total reported compensation
- LOUIS LIN (ANESTHESIOLOGIST): $725,834 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Community hospital is committed to providing the highest quality care in the most cost-efficient manner, respecting the dignity of the individual, providing for the well-being of the community and serving the needs of all people, including the poor and disadvantaged.
What it reported doing in 2024
Community hospital is a 454 bed acute care hospital that offers a broad range of services to care for its patients without regard to their ability to pay. Community hospital provides leading-edge care to patients in northwest Indiana. Through its dedication to quality and innovation, community hospital has earned a multitude of accreditations, awards, and certifications in its pursuit of improving the health of its patients and community.
Operating model
- Revenue model
- Other-operating. 100% of the money available for current operations came from other operating 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. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and a relatively small share of voting board members are independent.
Rating breakdown
- Financial Efficiency: 78
- Transparency & Controls: 71
- Accountability: 62
- Sustainability: 57
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 84.3%; rating input score 84
- Program expense ratio: 92.7%; rating input score 93
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 68th 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: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 50%; rating input score 50; 13th 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: 9%; rating input score 70; 70th percentile among comparable filings
- Total-asset coverage ratio: 0.48; rating input score 18; 18th percentile among comparable filings
- Liabilities to assets ratio: 0.12; rating input score 80; 80th percentile among comparable filings
- Officer compensation ratio: 0.8%; rating input score 79; 79th percentile among comparable filings
Growth
- Program expense growth: 4.6% per year; rating input score 100; 36th percentile among comparable filings
- Revenue growth: 4.1% per year; rating input score 100; 33rd percentile among comparable filings
- Asset growth: 1.7% per year; rating input score 100; 13th percentile among comparable filings
Details
- Where the money goes: 84.3% of revenue deployed · 92.7% of spending went to programs
- Governance: 9 of 18 board members independent · 7 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $640.8M in reported program spending
- Leadership: top reported pay $951K · 27 people listed · 0 of 6 pay-setting controls reported
- Consistency: 43 of 43 current checks pass
- Schedules: 8 filed schedules · includes major donors, executive pay, and related organizations
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 8 filed money-flow records
- Related organizations: 16 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.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- Review — Accountability: Independent voting board scored 50/100.
- Review — Accountability: Governance controls: 2 of 9 not reported.
- High — Sustainability: Total-asset coverage ratio scored 18/100.