Reed City Hospital Corporation

Nonprofit profile at a glance

EIN
382770076
IRS 990 coverage
2009–2012
Forms available
Form 990 2012
Location
Reed City, MI, USA
Phone
6167747322
Rating confidence
Limited
Sector
Community Health Systems

Official website

Reported finances

Revenue
$58,624,261
Expenses
$53,338,166
Assets
$28,563,593
Liabilities
$10,800,891

Source: IRS Form 990. Selected filing: tax year 2012. Amounts in USD.

Leadership & pay

21 people listed

Source: IRS Form 990. Selected filing: tax year 2012. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To improve the health of the communities we serve.

What it reported doing in 2012

Spectrum health reed city hospital (shrch) is a 25-bed facility with a 24-hour fully staffed emergency department. Shrch is proud to serve the people of osceola, lake, and mecosta counties and support local communities. Safe, accessible, high-quality care is fundamental to patient-centered care. In fact, shrch is the first hospital in Michigan and one of only 21 hospitals worldwide to receive the patient-centered designation since the program's launch in 2007. Beyond medical care, shrch offers people the chance to connect in a variety of ways that ultimately impact health. Community activities include community safety awareness events, free flu vaccines for community members, free cancer screenings, health fairs, first aid tents, annual 5k run, annual charity golf classic, and low-cost sports physicals. During fiscal 2013, the hospital had 834 admissions, 16,844 emergency room visits, and 28,927 primary care office visits.

Operating model

Revenue model
Other-operating. 98% of the money available for current operations came from other operating revenue.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 95
  • Accountability: 77
  • Sustainability: 50
  • Growth: 60

Detailed rating inputs

Financial Efficiency

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

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
  • Pay-setting controls: 5 of 6 controls in place; rating input score 83
    • Compensation committee: Pass
    • Independent consultant: Pass
    • Other Form 990s reviewed: Missing
    • Written employment contract: Pass
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 60%; rating input score 60; 16th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 9%; rating input score 76; 76th percentile among comparable filings
  • Total-asset coverage ratio: 0.54; rating input score 21; 21st percentile among comparable filings
  • Liabilities to assets ratio: 0.38; rating input score 58; 58th percentile among comparable filings
  • Officer compensation ratio: 6%; rating input score 9; 9th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 6.3% per year; rating input score 100; 64th percentile among comparable filings
  • Asset growth: 9.4% per year; rating input score 100; 73rd percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 6 of 10 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $42.1M in reported program spending
  • Leadership: top reported pay $1.8M · 21 people listed · 5 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed
  • Consistency: 29 of 29 current checks pass
  • Schedules: 9 filed schedules · includes major donors and executive pay
  • Filing history: 4 filing years from 2009 to 2012
  • Related organizations: 4 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.

  • High — Sustainability: Total-asset coverage ratio scored 21/100.
  • High — Sustainability: Officer compensation ratio scored 9/100.
  • Review — Sustainability: Liabilities to assets ratio scored 58/100.