Nash Health Care Foundation

What it reported doing in 2012

In 2011, nash health care foundation began a capital campaign to raise a minimum of $2 million in support of the $4.5 million new pediatric emergency care center project at nash general hospital. The current emergency department at nash general hospital was built in 1993 and was designed to serve a maximum of 40,000 patients annually. Currently, the number of patients using the emergency department has increased to nearly 65,000 patients annually making it one of the busiest emergency rooms in North Carolina.twenty percent of the patients at nash general hospital's emergency care center are under the age of 17 nearly double the amount of pediatric patients in other North Carolina emergency rooms. At nash, this twenty percent equates to about 13,000 children a year. The pediatric emergency care center will include a separate and distinct entrance, child-friendly waiting area, separate triage area including special radiology and imaging services designed for children and teenagers, and 10 pediatric-designated exam rooms. These unique amenities will offer a more comfortable and safer experience for patients, their families and the doctors and other health care professionals who treat them. Funds in support of the pediatric emergency care center will be raised through direct contributions to the capital campaign as well as two special events, the patrons gala held annually in january and the golf classic held annually in may. Tribute and memorial naming opportunities in the new facilities are being finalized to recognize and appreciate significant campaign commitments by businesses, organizations, foundations and churches and to honor and remember loved ones of individual and family donors.

Financial Efficiency

• Mission deployment rate: Limited
• Program expense ratio: Limited
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 90%; rating input score 90; 6th 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: Limited

Accountability

• Independent voting board: 84.6%; rating input score 85; 18th percentile among comparable filings
• Governance controls: 8 of 9 controls in place; rating input score 89
  • 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: Fail
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: Limited
• Total-asset coverage ratio: Limited
• Liabilities to assets ratio: 0.06; rating input score 63; 63rd percentile among comparable filings
• Officer compensation ratio: Limited

Growth

• Program expense growth: Limited
• Revenue growth: 63.4% per year; rating input score 100; 96th percentile among comparable filings
• Asset growth: 37% per year; rating input score 100; 92nd percentile among comparable filings