The Westerly Hospital

Nonprofit profile at a glance

EIN
050259100
IRS 990 coverage
2009–2010
Forms available
Form 990 2010
Location
Westerly, RI, USA
Phone
4015966000
Rating confidence
Limited
Sector
Hospital, General

Official website

Reported finances

Revenue
$96,766,214
Expenses
$97,645,885
Assets
$76,275,007
Liabilities
$67,564,057

Source: IRS Form 990. Selected filing: tax year 2010. Amounts in USD.

Leadership & pay

26 people listed

Source: IRS Form 990. Selected filing: tax year 2010. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The westerly hospital provides inpatient and outpatient medical care to adults, children and newborns in the westerly, Rhode Island community and in surrounding towns.

What it reported doing in 2010

The westerly hospital is a not-for-profit acute care hospital providing medical care to adults, children, and newborns in the westerly, Rhode Island community and surrounding towns. During the fiscal year ended 09/30/2011 the hospital admitted 4,301 patients and had 23,510 visits to the emergency room.there were 546,123 ambulatory/outpatient visits, 514,057 laboratory procedures, 40,951 pathology procedures, 599 diagnostic cardiac catheterizations, 68,911 physical therapy procedures, 21,101 or and ambulatory visits for total days of patient care of 16,716, the average daily census was 45.8.the radiology department performed the following:27,483 diagnostic procedures 1,281 nuclear medicine procedures10,777 ct scans 9,146 ultrasound procedures 2,704 magnetic resonance imaging (mri)

Operating model

Revenue model
Earned-program. 95% of the money available for current operations came from fees and other program 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: 72
  • Sustainability: 23
  • Growth: 40

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; 63rd percentile among comparable filings
  • Pay-setting controls: 5 of 6 controls in place; rating input score 83
    • Compensation committee: Pass
    • Independent consultant: Missing
    • 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: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Scored; rating input score 0

Accountability

  • Independent voting board: 75%; rating input score 75; 25th percentile among comparable filings
  • Governance controls: 6 of 9 controls in place; rating input score 67
    • 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: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -0.9%; rating input score 15; 15th percentile among comparable filings
  • Total-asset coverage ratio: 0.78; rating input score 33; 33rd percentile among comparable filings
  • Liabilities to assets ratio: 0.89; rating input score 13; 13th percentile among comparable filings
  • Officer compensation ratio: 2.5%; rating input score 36; 36th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 2.6% per year; rating input score 100; 31st percentile among comparable filings
  • Asset growth: -5.1% per year; rating input score 0; 9th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 12 of 16 board members independent · 6 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $77.1M in reported program spending
  • Leadership: top reported pay $436K · 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: 2 filing years from 2009 to 2010
  • Related organizations: 6 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.

  • Review — Accountability: Governance controls: 2 of 8 not reported.
  • High — Sustainability: Operating margin scored 15/100.
  • High — Transparency & Controls: Related-party transparency scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 33/100.
  • High — Sustainability: Liabilities to assets ratio scored 13/100.
  • Moderate — Sustainability: Officer compensation ratio scored 36/100.