Red Wing Seminary Home

What it reported doing in 2012

See schedule ored wing seminary home became a member of the mayo clinic health system on july 1, 2012, with benedictine health system managing the home. Prior to that they were part of the fairview health system. Mayo clinic health system is a family of clinics, hospitals and health care facilities serving communities in Minnesota, Iowa and Wisconsin. As part of mayo clinic, mayo clinic health system offers outstanding care close to home. Physicians and staff in mayo clinic health system have ready access to the knowledge, resources, and expertise of mayo clinic, yet can meet patients' health care needs locally. Mayo clinic health system is part of the community, focused on improving the health of the communities in which we live and work. Mayo clinic health system teams with mayo clinic to deliver unparalleled health care to communities through an integrated network of clinics and hospitals.in 2012, mayo clinic health system sites employed approximately 1,000 physicians and 14,000 allied health staff. In addition, mayo clinic physicians from multiple specialties regularly see patients at the mayo clinic health system facilities. Besides having health care facilities in 72 communities, the system includes 18 owned hospitals, six owned nursing homes, physician service agreements with two additional hospitals, and contract management agreements with an additional hospital and nursing home. Since its inception in 1992, mayo clinic health system has grown from a new idea to one of the most successful regional health care systems in america. Mayo clinic health system completes more than two-million patient visits annually. It also serves as a national leader in quality and safety efforts being recognized six times by the american medical group association's acclaim award program (2005 acclaim award recipient and five-time acclaim award honoree). The acclaim awards honor physician-led organizations delivering care aligned with the ideal delivery model where patients experience safe, reliable, responsive, readily available and integrated care. In addition, the Minnesota council for quality has recognized mayo clinic health system three times for its performance excellence efforts. Individual mayo clinic health system locations have also been honored for their commitment to quality, safety, service, performance and their communities.people in Minnesota, Iowa and Wisconsin can have peace of mind knowing that mayo clinic health system and mayo clinic partner to ensure healthier lives in the region.red wing seminary home operates a home for the aged to satisfy their health care and financial security needs. Red wing seminary home participates in the medicare and medicaid programs and operates to provide quality service at the lowest possible cost. In 2012, the community benefit related to the medicare and medicaid programs was approximately $319,000 and $322,000, respectively. The home furnishes care and housing to aged individuals who otherwise would be unable to provide for themselves without hardship. The services rendered are nursing care, social services, and if desired, spiritual support.on december 31, 2012 the red wing seminary home merged into the mayo clinic health system-red wing.

Financial Efficiency

• Mission deployment rate: Limited
• Program expense ratio: Limited
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 60th 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; 70th percentile among comparable filings
• Major donor itemization: Limited
• Related-party transparency: Limited

Accountability

• Independent voting board: 38.5%; rating input score 38; 7th 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: -106.8%; rating input score 0; 0th 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: 13.9%; rating input score 13; 13th percentile among comparable filings

Growth

• Program expense growth: Limited
• Revenue growth: -32.9% per year; rating input score 0; 2nd percentile among comparable filings
• Asset growth: -73.1% per year; rating input score 0; 1st percentile among comparable filings