Spectrum Health United

Nonprofit profile at a glance

EIN
381358412
IRS 990 coverage
2009–2012
Forms available
Form 990 2012
Location
Greenville, MI, USA
Phone
6167747322
Rating confidence
Limited
Sector
Community Health Systems

Official website

Reported finances

Revenue
$74,126,303
Expenses
$67,442,281
Assets
$69,032,510
Liabilities
$38,654,541

Source: IRS Form 990. Selected filing: tax year 2012. Amounts in USD.

Leadership & pay

26 people listed

Source: IRS Form 990. Selected filing: tax year 2012. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To improve the health of the community we serve.

What it reported doing in 2012

Spectrum health united provides healthcare related services to the greater montcalm community regardless of ability to pay. Our more than 180 professional staff, 270 clinical staff, and 200 medical staff provide quality care to patients and families. Our community hospital has 61 acute care-beds and 39 long-term beds. It also includes specialty critical care units, outpatient services, and long term skilled nursing. There were 2,498 inpatient admissions, 8,649 inpatient days, 237 rehab & nursing center admissions, 12,967 rehab & nursing center patient days, and 28,359 emergency room visits in fiscal year 2013. Spectrum health united was named one of truven health analytics 100 top hospitals in the country in an annual study where hospital rankings are based on measures of overall organization performance, including patient care, operational efficiency and financial stability. Additionally, they were also named one of the nation's top performers on key quality measures by the joint commission, the leading accreditor of health care organizations in america.

Operating model

Revenue model
Other-operating. 99% of the money available for current operations came from other operating revenue.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 89
  • Accountability: 83
  • Sustainability: 54
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
  • Pay-setting controls: 5 of 6 controls in place; rating input score 83
    • Compensation committee: Pass
    • Independent consultant: Pass
    • Other Form 990s reviewed: Missing
    • Written employment contract: Pass
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Scored; rating input score 0

Accountability

  • Independent voting board: 71.4%; rating input score 71; 24th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • 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: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 9%; rating input score 76; 76th percentile among comparable filings
  • Total-asset coverage ratio: 1.02; rating input score 41; 41st percentile among comparable filings
  • Liabilities to assets ratio: 0.56; rating input score 36; 36th percentile among comparable filings
  • Officer compensation ratio: 5%; rating input score 13; 13th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 9.6% per year; rating input score 100; 79th percentile among comparable filings
  • Asset growth: 11.3% per year; rating input score 100; 79th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 10 of 14 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $61.1M in reported program spending
  • Leadership: top reported pay $866K · 26 people listed · 5 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed
  • Consistency: 29 of 29 current checks pass
  • Schedules: 9 filed schedules · includes major donors, executive pay, and related organizations
  • Filing history: 4 filing years from 2009 to 2012
  • Related organizations: 4 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: Related-party transparency scored 0/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 41/100.
  • High — Sustainability: Officer compensation ratio scored 13/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 36/100.