Salida Hospital Foundation

Nonprofit profile at a glance

EIN
742450217
IRS 990 coverage
2011–2024
Forms available
Form 990 2024
Location
Salida, CO, USA
Phone
7195302218
Rating
80
Verdict
STRONG
Rating confidence
Standard

Official website

Reported finances

Revenue
$406,730
Expenses
$1,745,528
Assets
$2,035,976
Liabilities
$1,621

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

12 people listed

Executive titles in this filing

  • DAN WARDROP MD (PRESIDENT)
  • TANGIE GRANZELLA (VICE PRESIDENT)

Highest reported compensation

  • ROBERT MORASKO (SECRETARY/TREASURER): $690,256 total reported compensation
  • LEZLIE BURKLEY (FND DIRECTOR): $135,129 total reported compensation
  • PEG ARNETT (DIRECTOR): $34,859 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The hrrmc foundation, a 501(c)(3) non-profit organization, focuses primarily on areas and issues that enhance heart of the rockies regional medical center's mission but do not fall within the parameters of the hospital's budget. The mission of the hrrmc foundation is to provide financial resources to heart of the rockies regional medical center's mission to enhance the health of our community through the delivery of personalized and exceptional care.

What it reported doing in 2024

Donations of equipment for various hospital departments: refrigerator and suture cart for emergency, centrifuge for lab, casting chair for ortho, vital signs monitor for general surgery clinic, workstation on wheels for imaging, fit test system for cardiopulmonary, wheelchair for rehab, exercise equipment for wellness, and a recumbent bike for cardio rehab.

Operating model

Revenue model
Donor-supported. 63% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 94
  • Transparency & Controls: 75
  • Accountability: 69
  • Sustainability: 24
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 98.1%; rating input score 98
  • Fundraising efficiency: $15.55 raised per $1 spent on fundraising; rating input score 51; 51st percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th 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; 80th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 81.8%; rating input score 82; 22nd percentile among comparable filings
  • Governance controls: 4 of 8 controls in place; rating input score 50
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • 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: -329.2%; rating input score 0; 0th percentile among comparable filings
  • Total-asset coverage ratio: 1.17; rating input score 45; 45th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 57; 57th percentile among comparable filings
  • Officer compensation ratio: 4%; rating input score 34; 34th percentile among comparable filings

Growth

  • Program expense growth: 23.7% per year; rating input score 100; 87th percentile among comparable filings
  • Revenue growth: 12.9% per year; rating input score 100; 79th percentile among comparable filings
  • Asset growth: 12.2% per year; rating input score 100; 71st percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 98.1% of spending went to programs
  • Governance: 9 of 11 board members independent · 4 of 8 filing controls reported
  • Programs: 3 filed program accomplishments · $1.7M in reported program spending
  • Leadership: top reported pay $690K · 12 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 25 of 25 current checks pass
  • Schedules: 8 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 14 filing years from 2011 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 2 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 — Transparency & Controls: Pay-setting controls scored 0/100.
  • Review — Accountability: Governance controls: 4 of 8 not reported.
  • High — Sustainability: Operating margin scored 0/100.
  • Review — Financial Efficiency: Fundraising efficiency scored 51/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 45/100.
  • Moderate — Sustainability: Officer compensation ratio scored 34/100.
  • Review — Sustainability: Liabilities to assets ratio scored 57/100.