Parkview Health

What it reported doing in 2023

The parkview health system, inc. Operates foundations for each of our hospitals. These nonprofit organizations provide philanthropic support for our mission of providing high quality health services to all who entrust their care to parkview. We also strive to improve the health of the communities that we serve. The parkview foundation, inc. Builds relationships that foster gift giving for the benefit of our patients and their family members, and caregivers, in the form of hospital programs, services, and equipment. These relationships are built with parkview hospital, inc. Co-workers, (see schedule o for continuation)physicians, vendors, patient families, and the community at large. The parkview foundation, inc. Is composed of a collection of corporate, foundation, and individual donors who see parkview hospital, inc., as an agent for saving and changing lives. Moreover, they view parkview foundation, inc. As a vehicle for transforming lives, providing hope, and ultimately improving the health and wellbeing of our community. In 2023, an array of needs from both parkview regional medical center (prmc) and parkview hospital randallia were presented to the parkview foundation. The following are examples of parkview foundation, inc. Providing funding to parkview hospital, inc. For various hospital programs, services, equipment, and improvements: co-worker emergency fund: -the co-worker emergency fund assisted co-workers facing emergencies such as a health emergency, domestic violence or other life crisis. This fund provided payments for rent, utilities and addressed food insecurity by providing kroger gift cards. Parkview packnett family cancer institute: -the parkview packnett family cancer institute was able to provide basic needs to low-income cancer patients. Some examples include wigs/hats, gas cards, food bank vouchers and nutritional drinks. Women's & children's unit: -in 2023, the women's and children's unit was able to provide transportation of children and their parent to specialists for coordinated care. This was available for low-income families, or families that did not have access to transportation. -the women's and children's unit was also able to provide a mental health navigator to serve families with complex needs. -the family birthing center was provided birthing tubs for patient use.-a new incubator was provided to the nicu for babies 26-34 weeks gestation. Parkview co-worker support: -examples include mindful self compassion sessions and a holistic nursing cart. -the parkview foundation funded a new program called parkview pups. A group of co-workers and their dogs are trained to become therapy dog certified. After certification, the dogs travel with their owner around the hospitals to visit co-workers. Co-worker education & training: -co-workers were able to attend the global leadership summit that is held yearly in august. Medical education was also provided for dry needling and echo. Scholarships:-scholarships were provided to both co-workers seeking healthcare education degrees as well as to high school students. One example is the parkview sports medicine training program. Pediatrics: -established the ready to read program, children are given a book at each visit from 0-5 years old. -ronald mcdonald care mobile was provided with support to serve children throughout the community with mobile care including vaccinations.equipment: - purchase of powerloader stretcher for ems vehicles. - purchase of point of care ultrasound equipment and training for gme students. Francine's friends mobile mammography program: -francine's friends mobile mammography program provided mammogram screenings for 391 uninsured or underinsured women. In 2023, 12 breast cancer diagnoses were made as a result of these lifesaving mammograms. Special touch fund: -the special touch fund, which focuses on patient assistance, was able to provide car seats to families in need in order to be discharged from the hospital. It also provided hote

Financial Efficiency

• Mission deployment rate: 45%; rating input score 45
• Program expense ratio: 62.4%; rating input score 62
• Fundraising efficiency: $5.13 raised per $1 spent on fundraising; rating input score 18; 18th percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 62nd 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; 72nd percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 55.6%; rating input score 56; 8th 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: 34.4%; rating input score 88; 88th percentile among comparable filings
• Total-asset coverage ratio: 0; rating input score 0; 0th percentile among comparable filings
• Liabilities to assets ratio: Limited
• Officer compensation ratio: 50.4%; rating input score 1; 1st percentile among comparable filings

Growth

• Program expense growth: -6% per year; rating input score 0; 5th percentile among comparable filings
• Revenue growth: 2.3% per year; rating input score 100; 25th percentile among comparable filings
• Asset growth: -2.7% per year; rating input score 0; 7th percentile among comparable filings