Wmc Public Benefit Corporation

Nonprofit profile at a glance

EIN
474965115
IRS 990 coverage
2016–2024
Forms available
Form 990 2024
Location
Louisville, MS, USA
Phone
6627795101
Rating
81
Verdict
STRONG
Rating confidence
Moderate
Sector
Management & Technical Assistance

Reported finances

Revenue
$2,910,360
Expenses
$2,301,711
Assets
$44,487,508
Liabilities
$10,097,900

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

Leadership & pay

6 people listed

Executive titles in this filing

  • MICHAEL NESTER (CEO)

People named in this filing

  • DON BRANTLEY (TRUSTEE)
  • BRITT HAMILL (TRUSTEE)
  • MARY TABOR (TRUSTEE)

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

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

Overview

Mission

Wmc public benefit corporation's mission is to promote and assist winston county medical foundation (a not-for-profit corporation operating an acute care hospital and a long-term care nurisng home located in louisville, ms)with the development of hospital facilities and the securing of capital for the operation of health care related services to benefit the health and wellness of the citizens of winston county, ms and surrounding areas.

What it reported doing in 2024

Wmc public benefit corporation "lessor" entered into a lease agreement wit winston county medical foundation "lessee" on december 14, 2015 "the commencement date". The intent of the lessor and lessee is that the lesso shall provide and lease to the lessee the land and hospital facility which consist of various buildings and a parking area. The term of this agreement began on the commencement date and shall continue for a period of thirty years. Wmc public benefit corporation "lessor" entered into a separate lease agreement with winston county medical foundation "lessee" o december 14, 2015 "the commencement date". The intent of the lessor and lessee is that the lessor shall provide and lease to the lessee various equipment. The term of this agreement began on the commencement date and shall continue for a period of seven years.

Operating model

Revenue model
Earned-program. 100% of the money available for current operations came from fees and other program revenue.
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

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and assets have declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 77
  • Transparency & Controls: 90
  • Accountability: 76
  • Sustainability: 80
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 79.1%; rating input score 79
  • Program expense ratio: 100%; rating input score 100
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 3 of 7 controls in place; rating input score 43
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 20.9%; rating input score 78; 78th percentile among comparable filings
  • Total-asset coverage ratio: 19.33; rating input score 96; 96th percentile among comparable filings
  • Liabilities to assets ratio: 0.23; rating input score 41; 41st percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 91; 91st percentile among comparable filings

Growth

  • Program expense growth: 0.1% per year; rating input score 100; 14th percentile among comparable filings
  • Revenue growth: 17.4% per year; rating input score 100; 85th percentile among comparable filings
  • Asset growth: -4.2% per year; rating input score 0; 4th percentile among comparable filings

Details

  • Where the money goes: 79.1% of revenue deployed · 100% of spending went to programs
  • Governance: 5 of 5 board members independent · 3 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $2.3M in reported program spending
  • Leadership: top reported pay $0 · 6 people listed
  • Consistency: 17 of 17 current checks pass
  • Schedules: 4 filed schedules
  • Filing history: 9 filing years from 2016 to 2024
  • Contacts: How to reach this organization
  • 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.

  • Moderate — Accountability: Governance controls: 3 of 6 not reported.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 41/100.