Summit Health Foundation

What it reported doing in 2024

Summit health foundation is a community-based, not-for-profit organization that exists to inspire gifts and grants from individuals, foundations, corporations, and other entities to support the health and well-being of people in franklin county and communities in adjacent cumberland county. The organization conducts fundraising activities and seeks grant funding on behalf of wellspan summit health, waynesboro hospital, chambersburg hospital, summit physician services and their affiliates. Summit health foundation designates money raised to the following funds: where needed most - help us respond to emerging needs. Giving to this fund enables us to address the areas of greatest need for wellspan health in franklin county.wellspan franklin county patient support fund - help patients who have needs that affect their treatment or health outcomes. This fund assists at-risk patients with food, transportation, transitional housing and life-saving medications.oncology bridge fund - lend a hand to patients facing the financial burdens that often result from dealing with the impact of cancer. This fund helps with basic living expenses, such as rent, utilities, groceries and transportation to and from medical appointments. Funds are available to patients who meet specific financial aid guidelines.kristin runyon memorial scholarship fund - help provide tuition assistance for students pursuing their registered nurse degrees. Many of these outstanding scholarships recipients are working within the walls of our hospitals and physician practices, providing high-quality, compassionate care to our patients.wellspan franklin county safe (sexual assault forensic examiner) fund - lend a hand in providing compassionate care for victims of sexual assault. This fund provides local access to comprehensive and caring medical treatment through the safe program.wellspan franklin county future physician scholarship program - help provide funding to this unique wellspan initiative to sponsor medical school scholarships. Scholarships aid young people with a connection to a local wellspan community and require them to return to work within the wellspan footprint following their graduation.spotlight on children's health - invest in children's early development to eliminate health and achievement inequities later in life by providing literacy and early childhood education services and meeting special health care needs. This fund supports the opportunity for all children in our regions of care to develop in safe, stable, nurturing relationships and environments.see wellspan health - 2025 community benefit report located at https://www.wellspan.org/about-wellspan/improving-healthy-communities/community-benefit

Financial Efficiency

• Mission deployment rate: 100%; rating input score 100
• Program expense ratio: 94.8%; rating input score 95
• Fundraising efficiency: $18.86 raised per $1 spent on fundraising; rating input score 57; 57th percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
• Pay-setting controls: 4 of 6 controls in place; rating input score 67
  • Compensation committee: Pass
  • Independent consultant: Pass
  • Other Form 990s reviewed: Missing
  • Written employment contract: Missing
  • Compensation survey or study: Pass
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: 99.9%; rating input score 100; 42nd percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 53.8%; rating input score 54; 8th 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: Fail
  • 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: 7.5%; rating input score 57; 57th percentile among comparable filings
• Total-asset coverage ratio: 20; rating input score 96; 96th percentile among comparable filings
• Liabilities to assets ratio: 0; rating input score 91; 91st percentile among comparable filings
• Officer compensation ratio: 7.6%; rating input score 39; 39th percentile among comparable filings

Growth

• Program expense growth: 27.8% per year; rating input score 100; 91st percentile among comparable filings
• Revenue growth: -32.9% per year; rating input score 0; 0th percentile among comparable filings
• Asset growth: 14.9% per year; rating input score 100; 74th percentile among comparable filings