Nebraska Methodist Hospital Foundation

What it reported doing in 2024

Nebraska methodist hospital foundation raises, protects and distributes funds that improve health care for the community. Works of the heart are programs supported by methodist hospital foundation that are divided into three areas: cancer care, charitable care, and community service. More than 46,000 individuals each year are touched by the distributions from works of the heart programs. Thousands more benefit indirectly through research, community health awareness and training for health care professionals.the foundation supports Nebraska methodist hospital's methodist estabrook cancer center as it seeks to prevent, diagnose and treat cancer in our community. Methodist estabrook cancer center is at the center of the hospital's coordinated effort in helping its patients through the delicate balancing act of dealing with physical symptoms and emotional stress and uncertainty of the disease. Other areas of cancer care support include oncology research, the lung and thoracic oncology clinic and cancer center library.charitable care programs provided funding for approximately 13,000 patients unable to afford care. The foundation works closely with medical social workers and the hospital business office to provide financial assistance to patients genuinely unable to afford health care services. The foundation also funds a limited supply of prescription medication until a long-term solution is determined.in 2024, the foundation donated capital of $3,507,740 to Nebraska methodist hospital for use in expanding and remodling a new emergency department facility.

Financial Efficiency

• Mission deployment rate: 87.7%; rating input score 88
• Program expense ratio: 82.6%; rating input score 83
• Fundraising efficiency: $9.3 raised per $1 spent on fundraising; rating input score 36; 36th percentile among comparable filings

Transparency & Controls

• Consistency checks: 94.4%; rating input score 94; 22nd percentile among comparable filings
• Pay-setting controls: 1 of 6 controls in place; rating input score 17
  • Compensation committee: Missing
  • Independent consultant: Missing
  • Other Form 990s reviewed: Missing
  • Written employment contract: Missing
  • Compensation survey or study: Missing
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: 94.7%; rating input score 95; 24th percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 94.1%; rating input score 94; 27th 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: 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: 50.9%; rating input score 94; 94th percentile among comparable filings
• Total-asset coverage ratio: 13.2; rating input score 93; 93rd percentile among comparable filings
• Liabilities to assets ratio: 0.01; rating input score 92; 92nd percentile among comparable filings
• Officer compensation ratio: 4.6%; rating input score 54; 54th percentile among comparable filings

Growth

• Program expense growth: -1.8% per year; rating input score 0; 6th percentile among comparable filings
• Revenue growth: 0.1% per year; rating input score 100; 9th percentile among comparable filings
• Asset growth: 2.7% per year; rating input score 100; 21st percentile among comparable filings