Parkview Lagrange Hospital Foundation Inc

Nonprofit profile at a glance

EIN
833347115
IRS 990 coverage
2020–2023
Forms available
Form 990 2023, Form 990-EZ 2019
Location
Lagrange, IN, USA
Phone
2603738429
Rating
62
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Health Support Services

Official website

Reported finances

Revenue
$55,579
Expenses
$34,311
Assets
$0
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

12 people listed

Executive titles in this filing

  • JORDI DISLER (DIRECTOR/MARKET PRESIDENT)
  • GARY ADKINS (DIRECTOR/PARTIAL YR/MARKET PRESIDENT)
  • MICHAEL PACKNETT (FORMER OFFICER/RETIRED PH CEO)

Highest reported compensation

  • MICHAEL PACKNETT (FORMER OFFICER/RETIRED PH CEO): $5,063,462 total reported compensation
  • JEANNE' WICKENS (PH CHIEF FINANCIAL OFFICER): $2,443,396 total reported compensation
  • DENA JACQUAY (DIRECTOR/PH CHIEF ADMIN OFFICER): $1,926,311 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To serve as the primary fundraising entity for community hospital of lagrange county, inc. Funds are used for the continued improvement of the hospital's facilities, equipment, programs & services in accordance with the needs of the community where the hospital is located.

What it reported doing in 2023

Parkview health system, inc. Maintains foundations for each of its hospitals. These nonprofit organizations provide philanthropic support for the system's mission of providing quality health services to all who entrust their care to parkview and improving the health of the communities parkview serves.the staff at parkview lagrange hospital foundation, inc. Works to develop relationships that foster gift-giving for the benefit of caregivers, hospital programs and services, and new equipment. These relationships are made with community hospital of lagrange county, inc. (d.b.a parkview lagrange hospital), co-workers, physicians, vendors,(see schedule o for continuation)patient families and the broader community. These efforts help make parkview lagrange hospital foundation, inc. Benefactors a collection of caring individuals who recognize parkview lagrange hospital as an agent for saving and changing lives and a force for creating healthier communities for generations to come.among the improvements to patient care, gifts to parkview lagrange hospital foundation. Inc. Funded in 2023 are: home health care and hospice fund:-hospice services provided to lagrange residents included massages for patients, educational materials and bereavement groups to assist families facing grief and loss.scholarships:-scholarships were able to support two lagrange county high school students pursuing a career in healthcare and an adult learner co-worker who is pursing a degree in healthcare.parkview therapy fund:-the therapy fund was able to provide modified barium swallow impairment profile certification for co-workers in the physical therapy department.family birthing center fund:-the family birthing center fund was able to provide a cuddle cot for patients that suffer infant demise. This device gives them time to grieve with their child and family. Greatest need fund:-the greatest need fund was used to support parkview lagrange hospital with a pediatric code cart and embold chair.mental health support fund:-the mental health fund provided the emergency department (ed) with mental health distraction boxes for patients that come into the ed with anxiety and stress. The boxes are given to patients while they wait for their physican evaluation.

Operating model

Revenue model
Donor-supported. 63% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - A large share of total spending goes to programs and the filed numbers largely add up. A relatively small share of available resources goes toward mission work and few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence.

Rating breakdown

  • Financial Efficiency: 70
  • Transparency & Controls: 61
  • Accountability: 65
  • Sustainability: 41
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 56.1%; rating input score 56
  • Program expense ratio: 87%; rating input score 87
  • Fundraising efficiency: $104.17 raised per $1 spent on fundraising; rating input score 89; 89th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 90.9%; rating input score 91; 18th 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: 65.6%; rating input score 66; 47th 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; 20th 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: 38.3%; rating input score 84; 84th percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 3; 3rd percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 2,413%; rating input score 1; 1st percentile among comparable filings

Growth

  • Program expense growth: -34.8% per year; rating input score 0; 10th percentile among comparable filings
  • Revenue growth: -21.9% per year; rating input score 0; 19th percentile among comparable filings
  • Asset growth: 2.2% per year; rating input score 100; 54th percentile among comparable filings

Details

  • Where the money goes: 56.1% of revenue deployed · 87% of spending went to programs
  • Governance: 5 of 9 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $30K in reported program spending
  • Leadership: top reported pay $5.1M · 12 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 17 of 18 current checks pass · 1 finding to review
  • Schedules: 9 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 3 filing years from 2020 to 2023
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • Related organizations: 41 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.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Financial Efficiency: Mission deployment rate scored 56/100.
  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • Review — Accountability: Independent voting board scored 56/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • High — Sustainability: Total-asset coverage ratio scored 3/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • High — Sustainability: Officer compensation ratio scored 1/100.