Parkview Health Foundation Inc

What it reported doing in 2024

The mission of the parkview health foundation is to improve health and inspire well-being in the communities we serve. Our mission is parkview health's mission, and we actively support its ability to lead the region in expert, specialized healthcare and enhance the patient's experience through comfort and healing. Our purpose is to raise the charitable funds parkview health needs to advance healthcare and positively impact the lives of every patient it serves. By partnering with area organizations and supporting parkview health with generous contributions from community members and co-workers, we are helping ensure patient care in new and innovative ways, enabling them, their families, and our entire region to thrive.(see schedule o for continuation)in 2024, the foundation held over 250 unique funds to support parkview hospitals, service lines, and co-workers across the parkview footprint. The following are examples of how foundation funds helped improve health and well-being in the communities we serve: the better future child maltreatment clinic, made possible through capital funding, provides health care for abused or neglected children from emergency room referrals across northeast Indiana. The mobile mammography coach was purchased for francine's friends mobile mammography program, which provides mammograms for low-income women across the parkview footprint. Healing arts provided musical and visual artists bedside, in infusion areas, and lobbies through arts visits and performances to give comfort and joy to patients. The reach out & read program provided a book at every pediatric patient appointment for children aged 0-5, with encouragement from pediatricians on the importance of early literacy to parents at three parkview pediatric locations. Veggie rx provided education on nutrition to patients referred by their physicians to learn how food as medicine can positively impact their health and reduce the symptoms and severity of chronic health conditions. Maternal health education provided group health education to postnatal moms on infant cpr and safe sleep, and created a forum for bonding and coaching for new moms. The special touch fund provided urgent support for patients needing a ride home, a small medical device, or supplies. The transformative cancer care fund provided wigs, head coverings, food bank vouchers, gas cards, and nutritional drinks for cancer patients. Hospice funds provided support to enhance patient care with massage and music therapy and bereavement care, such as bereavement items for families, support groups, social workers, and chaplaincy visits. Chaplaincy provided bereavement and grief support supplies to family members after a loved one passed, including grief packets, support group meetings, and small items like bereavement bears. Pediatric hematology & oncology provided gas cards, food vouchers, and medical items needed for children fighting cancer. Parkview pups visited co-workers from pups and their co-worker owners to help brighten the day for co-workers working long shifts and dealing with grief, loss, and high patient census. The medication assistance program provided free prescriptions for low-income patients at discharge. Her heart program, facilitated by the parkview heart institute, creates an educational opportunity for women to reduce their risk of heart disease. This included group meetings, free lab work, and opportunities to meet with dietitians and behavioral therapists. The co-worker emergency fund provided emergency assistance to twenty-eight co-workers facing urgent needs due to health emergencies, domestic violence, losing an immediate family member, or natural disasters. Fifty-five students and parkview co-workers were awarded scholarships, which provided tuition assistance to help them pursue nursing or medical careers or assist with college attainment, as established by donors.

Financial Efficiency

• Mission deployment rate: 100%; rating input score 100
• Program expense ratio: 82.7%; rating input score 83
• Fundraising efficiency: $5.29 raised per $1 spent on fundraising; rating input score 18; 18th percentile among comparable filings

Transparency & Controls

• Consistency checks: 92.9%; rating input score 93; 13th 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: 98.6%; rating input score 99; 35th percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 0%; rating input score 0; 3rd 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: 4.2%; rating input score 48; 48th percentile among comparable filings
• Total-asset coverage ratio: 9.65; rating input score 91; 91st percentile among comparable filings
• Liabilities to assets ratio: 0; rating input score 93; 93rd percentile among comparable filings
• Officer compensation ratio: 30.8%; rating input score 5; 5th percentile among comparable filings

Growth

• Program expense growth: 197.5% per year; rating input score 100; 100th percentile among comparable filings
• Revenue growth: -22.9% per year; rating input score 0; 1st percentile among comparable filings
• Asset growth: 2.4% per year; rating input score 100; 22nd percentile among comparable filings