Renown Health Foundation

What it reported doing in 2024

See Schedule ORenown Health is Reno's only not-for-profit hospital. Community support and partnership are essential to the services we provide and donor contributions of any size make a significant impact on our community. Renown Health Foundation, founded in 1985, carries forward an essential tradition - pairing donor support with our community's most vital needs. Support for Renown Health Foundation stays here to fund and support patients through enhanced prevention and education programs, state-of-the-art equipment, and important medical research. Renown Health Foundation is working hard to ensure families have access to care, now and into the future. Here are a few recent projects and programs that show the impact of donations: *Conrad Breast Center*Pennington Transplant Fund*Helmsley ECMO Grant*Renown Children's Hospital*Crisis Center*Clinical training and educationRenown Health is focused on being the destination for our community's health and healthcare needs. Renown Health Foundation raises funds for all our major service lines, including cancer, heart and vascular health, rehabilitation, pediatric services and behavioral health and addiction. For the year ended December 31, 2024, Renown Health Foundation, along with its parent, Renown Health and its subsidiaries, provided approximately $196 million in benefit to the community (using community benefit numbers gathered by the Nevada Hospital Association using state-approved criteria to ensure consistency). For a full report on the benefit Renown Health provided to our community, as well as our community needs assessment and community benefit plan, go to: https://www.renown.org/about/community-commitment.

Financial Efficiency

• Mission deployment rate: 69.6%; rating input score 70
• Program expense ratio: 84.5%; rating input score 85
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 62nd 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; 72nd percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 92.3%; rating input score 92; 25th percentile among comparable filings
• Governance controls: 6 of 9 controls in place; rating input score 67
  • 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: Fail
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 22.3%; rating input score 84; 84th percentile among comparable filings
• Total-asset coverage ratio: 2.93; rating input score 74; 74th percentile among comparable filings
• Liabilities to assets ratio: 0.02; rating input score 90; 90th percentile among comparable filings
• Officer compensation ratio: 1.5%; rating input score 81; 81st percentile among comparable filings

Growth

• Program expense growth: 15.2% per year; rating input score 100; 84th percentile among comparable filings
• Revenue growth: 14.9% per year; rating input score 100; 86th percentile among comparable filings
• Asset growth: 10.7% per year; rating input score 100; 68th percentile among comparable filings