Overview
What is Memorial Health Partners Foundation Inc?
Memorial Health Partners Foundation Inc, established in 2001, is a non-profit organization that functions as a philanthropic arm for CHI Memorial. The Foundation accepts donations and manages gifts to support CHI Memorial, enabling them to maintain exceptional healthcare services and stay at the forefront of the latest technology and advanced care in the region. As an affiliate of CommonSpirit Health, the Memorial Health Partners Foundation contributes to the wellbeing of the community by operating physician clinics and addressing healthcare needs. Their mission aligns with making God's healing presence known by improving overall health, particularly for vulnerable populations, and promoting social justice.
Official website here: www.memorial.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Memorial Health Partners Foundation Inc has received a Two-Star out of Four Star rating from Charity Navigator, indicating that there are areas of concern regarding its accountability and financial health. With an overall score of 62%, the foundation shows strengths in program expenses, demonstrating a commitment to utilizing funds effectively for its programs. However, the absence of independent board members raises questions about governance and oversight.
The organization has a solid audit and oversight committee, with no material diversion of assets reported, which reflects a level of financial integrity. Nevertheless, the lack of independent board members and a missing document retention policy could pose risks for transparency and accountability. Additionally, important financial documents, such as the tax form, are not available on the nonprofit's website, which further detracts from its overall rating.
While the high program expense ratio suggests that most funds are directed towards its mission, the liabilities to assets ratio at 73.40% indicates potential financial instability. Overall, while the foundation has demonstrated some positive practices, significant improvements in governance and transparency are necessary for a stronger rating.
This AI summary has been generated from information found on Charity Navigator.
Is Memorial Health Partners Foundation Inc legitimate?
Memorial Health Partners Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Memorial Health Partners Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $1,929,841
Professional Fundraising Fees: $0
Other Salaries and Wages: $86,286,508
For more financial information, click here
Official website here: www.memorial.org
What is the mission statement of Memorial Health Partners Foundation Inc?
Memorial Health Partners Foundation Inc is a non-profit organization that operates under the umbrella of CommonSpirit Health. Its mission is to enhance the health and wellbeing of the community, with a focus on serving vulnerable populations. They achieve this by managing physician clinics and providing healthcare services through physicians. As an affiliate of CommonSpirit Health, Memorial Health Partners Foundation aims to make a healing presence known in the world by improving the health of the people they serve, particularly those who are disadvantaged, while advocating for social justice for all. The Foundation facilitates philanthropic giving to CHI Memorial, which in turn enables the provision of advanced care with the latest technology and services.
Official website here: www.memorial.org
Who is the CEO of Memorial Health Partners Foundation Inc?
M Glyn Hughes is the Principal Officer of Memorial Health Partners Foundation Inc. The CEO's salary of Memorial Health Partners Foundation Inc is $0 and their total compensation is $1,265,035.
Official website here: www.memorial.org
What is the revenue of Memorial Health Partners Foundation Inc?
Memorial Health Partners Foundation Inc's revenue in 2022 was $111,915,603.
Official website here: www.memorial.org
Who are the executives of Memorial Health Partners Foundation Inc and what are their salaries?
The average compensation at Memorial Health Partners Foundation Inc during 2022 was $247,105. There are 357 employees at Memorial Health Partners Foundation Inc.
Here are 19 key members and their salaries (Memorial Health Partners Foundation Inc's CEO's salary is $0 and their total compensation is $1,265,035):
- Compensation: $0
- Related: $3,244,309
- Other: $36,897
- Compensation: $1,235,710
- Related: $4,921
- Other: $49,102
- Compensation: $0
- Related: $1,237,329
- Other: $46,299
- Compensation: $0
- Related: $1,178,923
- Other: $102,028
- Compensation: $0
- Related: $1,156,775
- Other: $108,260
- Compensation: $1,185,449
- Related: $0
- Other: $46,057
- Compensation: $877,940
- Related: $0
- Other: $48,315
- Compensation: $844,361
- Related: $0
- Other: $42,892
- Compensation: $721,341
- Related: $0
- Other: $35,991
- Compensation: $582,181
- Related: $0
- Other: $43,717
- Compensation: $0
- Related: $539,064
- Other: $39,648
- Compensation: $478,908
- Related: $0
- Other: $28,305
- Compensation: $0
- Related: $410,341
- Other: $36,544
- Compensation: $354,386
- Related: $0
- Other: $51,561
- Compensation: $0
- Related: $358,152
- Other: $30,253
- Compensation: $296,515
- Related: $0
- Other: $51,652
- Compensation: $291,971
- Related: $0
- Other: $42,378
- Compensation: $0
- Related: $172,186
- Other: $6,960
- Compensation: $105,505
- Related: $0
- Other: $18,148
Official website here: www.memorial.org
Where can I find the form 990 for Memorial Health Partners Foundation Inc?
Memorial Health Partners Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.memorial.org
Learn more at the official website: www.memorial.org
Mission Statement of Memorial Health Partners Foundation Inc
Memorial Health Partners Foundation, a 501(c)3 organization established in 2001, operates under the mission to make the healing presence of God known in the world by improving the health of the people they serve, especially the vulnerable. By owning and managing physician clinics, they engage in activities promoting community healthcare needs, particularly through the provision of healthcare services by physicians.
As an affiliate of CommonSpirit Health, this nonprofit is dedicated to advancing social justice for all, in addition to sustaining the renowned level of compassionate care and state-of-the-art treatments at Memorial. Through philanthropic gifts, Memorial Health Partners Foundation ensures the continuation of these efforts, providing access to the latest technology and advanced services for those in need. The Foundation facilitates various types of donations, including cash, securities, gifts-in-kind, and planned gifts.
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Impact
October, 2024
Memorial Health Partners Foundation Inc significantly impacts community health by operating physician clinics and actively promoting healthcare services tailored to meet local needs. Founded in 2001, the organization plays a crucial role in supporting CHI Memorial’s mission to provide exemplary care. Through philanthropic contributions, the Foundation ensures the hospital can maintain high standards of healthcare, integrating advanced technology and innovative services.
Moreover, by focusing on vulnerable populations, Memorial Health Partners Foundation seeks to enhance overall community well-being while advocating for social justice. Their efforts not only address immediate healthcare needs but also foster long-term improvements in health equity and access across the region. In doing so, they embody a commitment to compassion and excellence in care that resonates throughout the Chattanooga community.
This information is meant to be a general summary of Memorial Health Partners Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $2,665
- Program Service Revenue: $110,957,739
- Gross Receipts: $111,915,603
Assets and Liabilities:
- Total Assets: $38,284,870
- Total Liabilities: $33,495,341
- Net Assets: $4,789,529
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
NET PATIENT SERVICES
Revenue
$96,420,137
INTERCOMPANY TRANSACTI
Revenue
$14,486,895
SERVICES SOLD
Revenue
$50,707
Organization Details
Founding Year
2002
Phone
(423) 495-8491Principal Officer
M Glyn Hughes
Main Address
5600 BRAINERD ROAD 500, CHATTANOOGA, TN, 37411
Website
www.memorial.orgNTEE Category
Code: T30 - Philanthropy
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