Parkview Wabash Hospital Foundation Inc

What it reported doing in 2023

Parkview wabash hospital foundation, inc. Is a collection of individuals, businesses, and institutional donors who recognize parkview wabash hospital, inc. As an agent for saving and changing lives and a vehicle for creating healthier communities for generations to come. Each gift to parkview wabash hospital foundation, inc. Is vital to the hospital's mission of improving the health of the community. In 2023, these gifts were used to enhance patient care as well as assisted in providing educational opportunities and scholarships for parkview wabash hospital (pwb) co-workers.(see schedule o for continuation)these are some notable ways that foundation gifts were used in 2023 to improve the health of the community: education and training:-co-workers and departments who seek to improve patient care and treatment through new programs or enhanced skills training annually approach the foundation for support. This fund is used to assist our driven and determined co-workers who choose to go above and beyond to provide even better care for parkview wabash hospital patients. In 2023, the foundation funded training and education by sending co-workers to one conference, the national rural healthcare association conference.maternal health education:-a mothers group was formed in 2023 at pwb that provides education and resources to new mothers from a maternal-infant educator. The foundation supported this initiative by providing resources for lactation consultation, play mats for the infants to use in the group setting, as well as supplies for education and training for the mothers. Home health and hospice:-parkview home health and hospice received foundation support to enhance patient care which made it possible for them to offer patient massages and music therapy, as well as providing bereavement care by providing chaplaincy visits, family support groups and bereavement materials for loved ones facing grief and loss.equipment:-the hospital was provided with a new real-time location system tracking equipment for wheelchairs and iv monitors through funding from the greatest need fund. -a new security system camera was installed at the pharmacy to increase security and keep patients safe through funding from the wabash county hospital fund. -the radiology fund provided the radiology department with a ct hugger for pediatric patients to use during scans and treatment. Medication assistance treatment (map) / intensive outpatient program (iop)center:-the foundation supported an expansion of the medication assistance treatment (map)/ intensive outpatient program (iop) center in 2023. The expansion created behavioral group therapy rooms, as well as individual treatment rooms to accommodate more patients enrolled in substance abuse and misue treatment.

Financial Efficiency

• Mission deployment rate: 88.8%; rating input score 89
• Program expense ratio: 90.2%; rating input score 90
• Fundraising efficiency: $86.92 raised per $1 spent on fundraising; rating input score 84; 84th percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd 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; 81st percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 66.7%; rating input score 67; 18th 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: -1.1%; rating input score 38; 38th percentile among comparable filings
• Total-asset coverage ratio: 0; rating input score 1; 1st percentile among comparable filings
• Liabilities to assets ratio: Limited
• Officer compensation ratio: 193%; rating input score 0; 0th percentile among comparable filings

Growth

• Program expense growth: -2.1% per year; rating input score 0; 25th percentile among comparable filings
• Revenue growth: 4.5% per year; rating input score 100; 52nd percentile among comparable filings
• Asset growth: 9.3% per year; rating input score 100; 63rd percentile among comparable filings