The Foundation for Mount Nittany Medical Center Inc

What it reported doing in 2024

The foundation for mount nittany medical center, inc. Is an affiliate of mount nittany health system (health system) which includes an acute care hospital with 260 beds (mount nittany medical center), mount nittany medical center health services, inc., mount nittany physician group, centre county children's advocacy center, and the foundation for mount nittany medical center, inc. The mission is dedicated to improving the quality of life for people of our region by supporting the advancement of healthcare at mount nittany health.continued on schedule o.mount nittany health foundation raised $5,808,533 in cash gifts. Additionally, $7,189,500 in commitments - comprised of multi-year pledges and planned gifts - were documented in fy 2025.in fy 2025, $262,089 was received in support of the 34th annual golf classic, held on september 20, 2024. The event raised a total of $458,536, with proceeds benefiting the new mount nittany medical center patient tower, slated to open in 2026. During fy 2025, $15,505 was received in support of the 35th annual golf classic. Proceeds from this event also support mount nittany health's patient tower.in fy 2025, $3,000 was received in support of the 75th annual charity ball, held on february 10, 2024, at the penn stater hotel and conference center. The event raised a total of $507,750, with proceeds benefiting mount nittany health's patient tower.during fy 2025, $1,000 was received in support of the 76th annual charity ball, held on february 14, 2026. Proceeds from this event support mount nittany health's patient tower.pledge payments collected from previous pledges: children's advocacy center - $352,500 patient tower - $195,000 radiation oncology - $46,681 mount nittany health toftrees - $20,000 greatest need - $10,000 behavioral health unit - $6,000 nursing education - $6,000 cardiovascular pavilion - $3,500programmatic fundingchildren's advocacy centersupport for the children's advocacy center totaled $115,963 in cash gifts, representing contributions from both solicited donors and general community support. In addition, eight multi-year pledges totaling $101,000 were documented in fy 2025.mount nittany health toftreesone planned gift totaling $250,000 was documented in support of mount nittany health toftrees in fy 2025. Mount nittany health patient tower support for the mount nittany health patient tower included $1,057,957 in cash gifts from committed donors. In addition, thirteen multi-year pledges and one planned gift, totaling $1,589,000, were documented in fy 2025.giving categoriesannual givingannual giving effortsincluding end-of-year, doctors' day, nurses week, and children's advocacy center appealsraised $97,031 in support of various programs and services at mount nittany health. Funding primarily supported unrestricted needs, the patient tower fund, the benkovic matching fund for community investment, and the patient services and experience fund.grateful patient programthe grateful patient program raised $390 from patients and their families in support of various programs and services at mount nittany health.memorial giftsmemorial gifts totaling $9,730 were received in honor of individuals remembered by members of the community. Outside eventsthe foundation benefited from several community-led fundraising efforts in fy 2025: centre gives: $4,344 was raised in support of the children's advocacy center fund. Ymca of centre county: $3,688 was raised in support of the cancer care fund through the dink from pink fundraiser. Centre county court jury program: $732 was raised in support of the children's advocacy center fund. Brush mountain shoe: $569 was raised in support of the employee assistance fund through a two-day fundraising event. Downtown joe coffee: $250 was raised in support of the children's advocacy center fund.

Financial Efficiency

• Mission deployment rate: 35.8%; rating input score 36
• Program expense ratio: 74.5%; rating input score 75
• Fundraising efficiency: $9.95 raised per $1 spent on fundraising; rating input score 38; 38th percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 62nd 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; 72nd percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 87.5%; rating input score 88; 20th 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: 51.5%; rating input score 94; 94th percentile among comparable filings
• Total-asset coverage ratio: 6.06; rating input score 87; 87th percentile among comparable filings
• Liabilities to assets ratio: 0.01; rating input score 93; 93rd percentile among comparable filings
• Officer compensation ratio: 11.4%; rating input score 16; 16th percentile among comparable filings

Growth

• Program expense growth: 12.9% per year; rating input score 100; 79th percentile among comparable filings
• Revenue growth: 9.2% per year; rating input score 100; 71st percentile among comparable filings
• Asset growth: 8.1% per year; rating input score 100; 56th percentile among comparable filings