Ronald Mcdonald House Charities of the Southwest Inc

What it reported doing in 2024

Ronald mcdonald house charities of the southwest, inc. ("rmhc") owns and operates the ronald mcdonald house in lubbock, tx. The 17-room facility provides temporary lodging to families of seriously ill children, age 21 and under, who must leave their own community to seek medical care for their child. The house serves children receiving treatment at university medical center, covenant womens and childrens hospital and other various clinics and doctors. Guests must be referred by a social worker and the child must be undergoing inpatient or outpatient care. We do accept nominal donations from guest families, which partially defrays the cost of operating the house, but no family is ever turned away due to lack of funds. The house is also an approved lodging facility for families covered by medicaid. We received $174,959.41 of in-kind donations of goods and services in 2024 covering program expenses that the charity would otherwise have to pay. Major in-kind donations include food, household items, and donated repairs/maintenance. The house is located on land owned by Texas tech university. The yearly fair market rental value of this land has been valued at $48,000. Numerous volunteers help support the staff and guests of the ronald mcdonald house by providing office assistance, meal preparation, for families, housekeeping services, gardening, maintenance and special event assistance. The per house value of volunteer services received in 2024 as posted by independentsector.org was $442,076.53.

Financial Efficiency

• Mission deployment rate: 76.6%; rating input score 77
• Program expense ratio: 69.8%; rating input score 70
• Fundraising efficiency: $4.15 raised per $1 spent on fundraising; rating input score 13; 13th percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
• Pay-setting controls: Limited
• 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: 100%; rating input score 100; 63rd percentile among comparable filings
• Governance controls: 8 of 9 controls in place; rating input score 89
  • 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: Fail
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: -0.7%; rating input score 30; 30th percentile among comparable filings
• Total-asset coverage ratio: 3.16; rating input score 75; 75th percentile among comparable filings
• Liabilities to assets ratio: 0.02; rating input score 79; 79th percentile among comparable filings
• Officer compensation ratio: 15.2%; rating input score 18; 18th percentile among comparable filings

Growth

• Program expense growth: 1.4% per year; rating input score 100; 19th percentile among comparable filings
• Revenue growth: 2.2% per year; rating input score 100; 22nd percentile among comparable filings
• Asset growth: 1.6% per year; rating input score 100; 18th percentile among comparable filings