Whitley Memorial Hospital Foundation Inc

What it reported doing in 2023

Whitley memorial hospital foundation, inc. - a foundation for givingat parkview health system, inc., we maintain foundations for each of our hospitals. These nonprofit organizations provide philanthropic support for our mission of providing quality health services to all who entrust their care to parkview, and for improving the health of the community.whitley memorial hospital foundation, inc. Builds relationships that foster gift-giving for the benefit of parkview whitley hospital patients and their family members, caregivers, hospital programs and services, and equipment. (see schedule o for continuation)these relationships are made with whitley memorial hospital, inc. Co-workers, physicians, vendors, patient families, or the community at large. In an important way, whitley memorial hospital foundation, inc. Is a collection of individual donors who see whitley memorial hospital, inc. As an agent for saving and changing lives - a vehicle for creating healthier communities for generations to come.each gift the whitley memorial hospital foundation, inc. Receives - whether from individuals, businesses, or foundations - is greatly appreciated, and is a vital part of our mission to improve the health of the community. In 2023, these gifts were transformed into many new improvements for patient care. Here are just a few examples: medication assistance program (map):-patients who need medications for acute illnesses or long-term assistance and cannot afford it now have access to help through the medication assistance program (map). Community benefit funds provide a coordinator who connects patients with pharmaceutical assistance programs for long-term care.greatest need fund:-the greatest need fund provided equipment and services to patients at parkview whitley hospital including cardiac monitors for the emergency department to provide continuous cardiac monitoring, and funding for a certified massage therapist to round on patients for hand, foot, and shoulder massages during the patient's inpatient stay. Massage is proven to help in the healing process.emergency medical services fund:-the emergency medical services fund provided a new stryker powerload ambulance stretcher to the emergency medical services team at parkview whitley hospital. The new stretcher significantly decreases the risk of injury to both patients and co-workers.family birthing center fund:-the family birthing center fund provided bereavement boxes to parents who have lost a child during childbirth while at parkview whitley hospital. Whitley hospice fund:-the whitley hospice fund provided massages and music therapy for patients, bereavement care through chaplaincy visits, family support groups and bereavement materials for loved ones facing grief and loss.whitley home health care fund:-the whitley home health care fund provided pill boxes to patients who are being treated by parkview home health care. Special touch fund:-the special touch fund, which focuses on patient assistance, was able to provide clothing for emergency room patients' damaged or stained items. This allowed patients to wear clean clothes upon hospital discharge. Funding was also provided for the after-hours transportation program to provide qualified patients with transportation from the hospital upon discharge. Those demonstrating the inability to arrange and pay for their transportation home are provided with a voucher for the whitley county council on aging's transit services.training and education fund:-the foundation continued its commitment to help maintain the highest standards of training and certifications of hospital co-workers. There were multiple opportunities for co-workers in 2023, including speech pathology, car seat safety technician course, association of women's health, obstetric and neonatal nurses conference, obstetrical patient safety course, lymphedema course and infusion nursing conference. Those frontline co-workers from the emergency department were able to take advanta

Financial Efficiency

• Mission deployment rate: 100%; rating input score 100
• Program expense ratio: 94.4%; rating input score 94
• Fundraising efficiency: $340.43 raised per $1 spent on fundraising; rating input score 96; 96th percentile among comparable filings

Transparency & Controls

• Consistency checks: 88.9%; rating input score 89; 9th 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: 98.9%; rating input score 99; 59th percentile among comparable filings
• Major donor itemization: Limited
• Related-party transparency: Limited

Accountability

• Independent voting board: 71.4%; rating input score 71; 23rd percentile among comparable filings
• Governance controls: 7 of 9 controls in place; rating input score 78
  • 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: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: -286.7%; rating input score 12; 12th percentile among comparable filings
• Total-asset coverage ratio: 0; rating input score 3; 3rd percentile among comparable filings
• Liabilities to assets ratio: Limited
• Officer compensation ratio: 376.9%; rating input score 2; 2nd percentile among comparable filings

Growth

• Program expense growth: -3.7% per year; rating input score 0; 42nd percentile among comparable filings
• Revenue growth: -6% per year; rating input score 0; 42nd percentile among comparable filings
• Asset growth: -6.3% per year; rating input score 0; 18th percentile among comparable filings