Peterson Health

What it reported doing in 2024

Peterson hospice is a department of prmc and is located off campus. It operates as one of the hospital's many outreaches for the hill country communities it serves. Peterson hospice is the only non-profit hospice in the hill country with a mission that no one will be denied hospice care because of an inability to pay. In addition to providing hospice care, peterson hospice also provides the following unfunded community services: 1. Navigating the waters of grief a six week grief support group for adults. This program is facilitated twice a year by a grief expert who is a licensed medical social worker (msw). Navigating the waters of grief works closely with hill country clergy and the local communities to serve hospice families as well as others facing the loss of a loved one or friend. 2. Bridging the gap a six week grief support group for children ages kinder through 12th grade. This program gives them the tools they need to work through the grieving process. The parents attend as well to open communication and feelings to help the child deal with grief at their age appropriate level. Btg works with all hill country schools and their counselors. The local community serves as facilitators and volunteers for this excellent program. 3. Camp rays of hope is a statewide program which is a weekend retreat for grieving children that incorporates the parents as well. The children learn new ways to cope with their loss, and to meet others with similar circumstances to remember special times, to make new friends, and to have fun. 4. Floral program is a volunteer driven program that delivers flowers to our patients. The local florists in the area donate the flowers and volunteers arrange and deliver them. Volunteers also support families and patients with their visits. 5. Pathways this volunteer outreach offers home based social and emotional support to clients with an illness that has a limited life expectancy but is not yet hospice appropriate. Volunteers help reduce the isolation and vulnerability that clients and families experience during a difficult time. Education is available through prmc resources regarding disease processes, coping strategies, advance directives, and practical and spiritual issues. This support helps clients define their quality of life. 6. Community serve program offering opportunities for citizens to fulfill court obligations in a beneficial manner. 367 admissions accounted for 38,423 patient days.

Financial Efficiency

• Mission deployment rate: 72.7%; rating input score 73
• Program expense ratio: 85.1%; rating input score 85
• Fundraising efficiency: $4.27 raised per $1 spent on fundraising; rating input score 17; 17th percentile among comparable filings

Transparency & Controls

• Consistency checks: 93.3%; rating input score 93; 21st percentile among comparable filings
• Pay-setting controls: 4 of 6 controls in place; rating input score 67
  • Compensation committee: Pass
  • Independent consultant: Missing
  • Other Form 990s reviewed: Pass
  • Written employment contract: Missing
  • Compensation survey or study: Pass
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: 9.6%; rating input score 10; 6th percentile among comparable filings
• Major donor itemization: Limited
• Related-party transparency: Yes; rating input score 100

Accountability

• Independent voting board: 100%; rating input score 100; 77th percentile among comparable filings
• Governance controls: 7 of 9 controls in place; rating input score 78
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • 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: 14.1%; rating input score 81; 81st percentile among comparable filings
• Total-asset coverage ratio: 1.73; rating input score 58; 58th percentile among comparable filings
• Liabilities to assets ratio: 0.19; rating input score 70; 70th percentile among comparable filings
• Officer compensation ratio: 1.9%; rating input score 57; 57th percentile among comparable filings

Growth

• Program expense growth: 4.8% per year; rating input score 100; 38th percentile among comparable filings
• Revenue growth: 6.2% per year; rating input score 100; 54th percentile among comparable filings
• Asset growth: 3.9% per year; rating input score 100; 27th percentile among comparable filings