Windom Area Hospital Foundation Inc

What it reported doing in 2024

To provide charitable support to the windom area hospital for medical and educational programs in addition to general operations. General fund: we facilitate an internal grant round for equipment upgrades and additions, under $5,000 each. $28,104.15 was awarded for an abi machine, adult vein finder, and phlebotomy procedure recliner, body composition analyzer, imprivata card readers, and a full body ergometer machine.education fund: awarded five scholarship awards for students going into healthcare fields: two $2,500 awards and three $1,000 awards, paid out in january 2025. Awards for students in the 25-26 school year were selected.first baby of the new year (general fund): the foundation raised $1,483.31 in donations and gifts in-kind toward the "first baby" family in the new year of 2025. These funds are within the general fund.mental health fund: this fund was started november 1st, 2024. The purpose is to support improved responsiveness to mental health challenges (professionals' training, community-based projects, eligible individual assistance). $2,900 was paid out to eligible recipients.employee focus fund: this fund paid out $3,327 to four staff members in a crisis situation. As of september 1, 2025, the fund was repurposed to support employee-wide initiatives on campus, beyond those of a crisis nature.vickie schendel memorial fund: this fund supports staff and patient education projects, in memory of a former nurse practitioner. The fund paid out $3,699 to purchase new cpr equipment and staff training for an employee of the wound & hyperbaric healing center.women's health fund: this fund paid out $2,675.47 to a woman undergoing cancer treatments. The fund overall supports upgraded mammography equipment onsite and local women undergoing cancer treatment who have an unmet

Financial Efficiency

• Mission deployment rate: 100%; rating input score 100
• Program expense ratio: 99.9%; rating input score 100
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd 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; 80th percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
• Governance controls: 7 of 8 controls in place; rating input score 88
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: NotApplicable
  • 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: -1.4%; rating input score 53; 53rd percentile among comparable filings
• Total-asset coverage ratio: 6.24; rating input score 53; 53rd percentile among comparable filings
• Liabilities to assets ratio: 0; rating input score 69; 69th percentile among comparable filings
• Officer compensation ratio: 134.8%; rating input score 3; 3rd percentile among comparable filings

Growth

• Program expense growth: 0.6% per year; rating input score 100; 53rd percentile among comparable filings
• Revenue growth: -0.1% per year; rating input score 0; 59th percentile among comparable filings
• Asset growth: 6.4% per year; rating input score 100; 71st percentile among comparable filings