Scotland Memorial Foundation Inc

What it reported doing in 2024

The foundation raises funds primarily through annual events, capital and major gift campaigns, annual restricted and unrestricted giving and planned giving. Donors have demonstrated a commitment to the foundation and shcs by funding numerous health-related programs and services throughout the communities in the shcs service area. These financial commitments remain essential due to the continued economic challenges of the entire region. Scotland memorial foundation (smf) has received external grants from organizations such as cannon foundation, duke endowment, and golden leaf foundation. Smf will work with the newly hired grants manager to identify potential opportunities for the foundation and the health care system. Smf provides support to departments throughout the hospital and health care system including, but not limited to, the cancer center, wound healing center, cardiopulmonary rehabilitation, cardiovascular center, emergency center, women's center, and nursery. This support provides opportunities for community-based health and wellness programs, indigent patients, minor equipment procurement and educational supplies and programs for patients and teammates. Foundation funding subsidizes community health screenings, both in the hospital and through mobile units. Screenings may include cholesterol, blood pressure, body fat, prostate, and mammograms. Community health education activities include men's and women's health events, diabetes education fair, pregnancy fair and other faith-based wellness activities. Pertinent health issues are addressed with motivational speakers, educational sessions and other learning tools. The foundation also sponsors several community support groups for cancer and other chronic issues, supporting emotional and mental wellness through the communities. Scholarships are provided for high school students entering health care related fields of study as well as higher education scholarships for students already enrolled in health care studies. These scholarships are based upon merit, need and community involvement. These scholarships are provided with a desire for students to return to the community as health care professionals once their studies are complete. Smf also explores opportunities to support local community organizations whose needs meet the foundation's mission. Some examples include st. Andrews university nursing program, scotland county parks and recreation for a fixed outdoor exercise park, and uncp health science scholarship program. The foundation volunteer board of trustees participate in multiple community fundraising activities, serve on committees to plan for increased services, and recruit community members for consideration of estate/planned giving. During the year, events are held to support community health and wellness programs including the fund run and putting on the ritz a gala of giving as well as other fundraising activities.

Financial Efficiency

• Mission deployment rate: 100%; rating input score 100
• Program expense ratio: 98.9%; rating input score 99
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 85.7%; rating input score 86; 2nd percentile among comparable filings
• Pay-setting controls: 6 of 6 controls in place; rating input score 100
  • Compensation committee: Pass
  • Independent consultant: Pass
  • Other Form 990s reviewed: Pass
  • Written employment contract: Pass
  • Compensation survey or study: Pass
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: 100%; rating input score 100; 76th percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 84%; rating input score 84; 20th percentile among comparable filings
• Governance controls: 8 of 8 controls in place; rating input score 100
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: NotApplicable
  • 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: 17.6%; rating input score 73; 73rd percentile among comparable filings
• Total-asset coverage ratio: 7.24; rating input score 89; 89th percentile among comparable filings
• Liabilities to assets ratio: 0; rating input score 82; 82nd percentile among comparable filings
• Officer compensation ratio: 8.2%; rating input score 43; 43rd percentile among comparable filings

Growth

• Program expense growth: 6.6% per year; rating input score 100; 50th percentile among comparable filings
• Revenue growth: 4.8% per year; rating input score 100; 42nd percentile among comparable filings
• Asset growth: 4.7% per year; rating input score 100; 37th percentile among comparable filings