Weirton Medical Center Foundation
Nonprofit profile at a glance
- EIN
- 550689248
- IRS 990 coverage
- 2009–2015
- Forms available
- Form 990 2015
- Location
- Weirton, WV, USA
- Phone
- 3047976440
- Rating
- 28
- Verdict
- REVIEW
- Rating confidence
- Moderate
- Sector
- Single Organization Support
Reported finances
- Revenue
- $36,854
- Expenses
- $10,818
- Assets
- $0
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2015. Amounts in USD.
Leadership & pay
11 people listed
Executive titles in this filing
- JOHN FRANKOVITCH (PRESIDENT & CEO AS OF 2/2016)
- CHARLES M O'BRIEN JR (PRESIDENT & CEO TERMED 12/2015)
Highest reported compensation
- EUGENE D TROUT (CFO): $222,769 total reported compensation
- CHARLES M O'BRIEN JR (PRESIDENT & CEO TERMED 12/2015): $211,250 total reported compensation
- JOHN FRANKOVITCH (PRESIDENT & CEO AS OF 2/2016): $12,111 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2015. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The mission of the weirton medical center foundation is to assist the weirton medical center in its pursuit of a strong, healthy community.
What it reported doing in 2015
Provide support for weirton medical center, inc.
Operating model
- Revenue model
- Investment-supported. 98% of the money available for current operations came from recurring investment income.
- Distribution model
- No current program activity. The filing reports no program spending for the current year.
The verdict
REVIEW - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 0
- Transparency & Controls: 60
- Accountability: 28
- Sustainability: 46
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 0%; rating input score 0
- Program expense ratio: 0%; rating input score 0
- Fundraising efficiency: Limited
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: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: Limited
- 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: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Fail
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 70.6%; rating input score 96; 96th percentile among comparable filings
- Total-asset coverage ratio: 0; rating input score 2; 2nd percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 267.1%; rating input score 2; 2nd percentile among comparable filings
Growth
- Program expense growth: -24.5% per year; rating input score 0; 24th percentile among comparable filings
- Revenue growth: 3.4% per year; rating input score 100; 71st percentile among comparable filings
- Asset growth: -16.9% per year; rating input score 0; 14th percentile among comparable filings
Details
- Where the money goes: 0% of revenue deployed · 0% of spending went to programs
- Governance: 6 of 9 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $223K · 11 people listed · 0 of 6 pay-setting controls reported
- Consistency: 13 of 13 current checks pass
- Schedules: 6 filed schedules · includes executive pay
- Filing history: 7 filing years from 2009 to 2015
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Related organizations: 1 filed related-organization link
- 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 0/100.
- High — Financial Efficiency: Program expense ratio scored 0/100.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- Review — Accountability: Governance controls: 3 of 9 not reported.
- High — Growth: Program expense growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 2/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Officer compensation ratio scored 2/100.