Val Verde Regional Medical Center Legacy Foundation

Nonprofit profile at a glance

EIN
994763945
IRS 990-EZ coverage
2024–2024
Forms available
Form 990-EZ 2024
Location
Del Rio, TX, USA
Phone
8307783852
Rating
66
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Nonmonetary Support N.E.C.

Official website

Reported finances

Revenue
$24,080
Expenses
$2,605
Assets
$23,974
Liabilities
$2,499

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • Jane Morain (Board President)
  • Cris A Diaz (Board Vice President)
  • Jorge Jurado (Chief Executive Officer)

People named in this filing

  • Jane Morain (Board President)
  • Cris A Diaz (Board Vice President)
  • Raul Alatorre (Board Secretary)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The Val Verde Regional Medical Center Legacy Foundation is dedicated to ensuring the long-term financial sustainability and growth of our hospital. Through strategic planning and community partnerships, we aim to expand services, invest in cutting-edge technology, and build a strong financial foundation that secures healthcare for future generations.

What it reported doing in 2024

Hospital Expansion & Facility Upgrades - Enhancing our medical infrastructure to accommodate a growing population and evolving healthcare needs. Technology & Equipment Advancement - Investing in state-of-the-art diagnostic and treatment tools to ensure top-tier medical care close to home. Healthcare Workforce Development - Establishing scholarships and residency programs to attract and retain skilled medical professionals in our region. Endowment & Sustainability Funds - Building a long-term financial reserve to safeguard the future of healthcare in Val Verde County.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and liabilities are high compared with assets.

Rating breakdown

  • Financial Efficiency: 44
  • Transparency & Controls: 100
  • Sustainability: 81
  • Growth: NotEnoughData

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 10.8%; rating input score 11
  • Program expense ratio: 100%; rating input score 100

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: 89.2%; rating input score 98; 98th percentile among comparable filings
  • Total-asset coverage ratio: 9.2; rating input score 91; 91st percentile among comparable filings
  • Liabilities to assets ratio: 0.1; rating input score 17; 17th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: Limited
  • Asset growth: Limited

Details

  • Where the money goes: 10.8% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $3K in reported program spending
  • Leadership: top reported pay $0 · 5 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 3 filed schedules
  • Contacts: How to reach this organization
  • 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 — Financial Efficiency: Mission deployment rate scored 11/100.
  • High — Sustainability: Liabilities to assets ratio scored 17/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.