Overview
What is Melrosewakefield Healthcare Inc?
Melrosewakefield Healthcare Inc is a Massachusetts-based nonprofit organization with a workforce of approximately 2,100 employees. Their mission includes operating hospitals on two campuses, one featuring 24-hour ER services, as well as a Hospital School of Nursing. Melrosewakefield Healthcare provides essential medical care to both inpatients and outpatients, offering a range of services such as laboratory, radiology, EKG, EEG, pharmacy, nuclear medicine, physical therapy, occupational therapy, respiratory therapy, and I.V. therapy. Their comprehensive offerings aim to address various medical needs and ensure quality patient care.
Official website here: www.tuftsmedicine.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 91% (Four-Star out of Four Star rating on Charity Navigator)
Melrosewakefield Healthcare Inc has received a commendable Four-Star rating from Charity Navigator, reflecting strong performance in accountability and finance. The organization scored 91% overall, with a particular emphasis on its responsible management and financial health. Key strengths include having a majority of independent board members and a robust audit and oversight committee, which contributes to transparency and effective governance.
The nonprofit demonstrates solid financial practices, evidenced by its program expense ratio of 78.47%, indicating that a significant portion of expenditures go directly towards its programs. Additionally, the organization has taken proactive steps in maintaining policies for conflict of interest, whistleblower protections, and document retention, ensuring a high level of accountability.
However, a noted limitation is the liabilities to assets ratio of 56.64%, which may suggest some financial risk, as a higher percentage could indicate greater leverage. Overall, Melrosewakefield Healthcare Inc stands out for its commitment to fiscal responsibility and transparency, making it a trustworthy organization within the healthcare sector.
This AI summary has been generated from information found on Charity Navigator.
Is Melrosewakefield Healthcare Inc legitimate?
Melrosewakefield Healthcare Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Melrosewakefield Healthcare 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: $655,769
Professional Fundraising Fees: $0
Other Salaries and Wages: $127,265,842
For more financial information, click here
Official website here: www.tuftsmedicine.org
What is the mission statement of Melrosewakefield Healthcare Inc?
Melrosewakefield Healthcare Inc is dedicated to operating hospitals on two campuses, one of which offers 24-hour ER services. They provide comprehensive medical care through inpatient and outpatient services, which include surgical, psychiatric, and ancillary medical services and testing. The hospitals under Melrosewakefield Healthcare's care offer various essential medical services, such as laboratory, radiology, cardiology, therapy services, and pharmacy, to ensure holistic patient care. The mission of Melrosewakefield Healthcare Inc is to deliver high-quality medical care to patients by offering a range of healthcare services on both an inpatient and outpatient basis.
Official website here: www.tuftsmedicine.org
Who is the CEO of Melrosewakefield Healthcare Inc?
Pamela Whelton is the CEO of Melrosewakefield Healthcare Inc The CEO's salary of Melrosewakefield Healthcare Inc is $150,000 and their total compensation is $150,000.
Official website here: www.tuftsmedicine.org
What is the revenue of Melrosewakefield Healthcare Inc?
Melrosewakefield Healthcare Inc's revenue in 2023 was $336,322,410.
Official website here: www.tuftsmedicine.org
Who are the executives of Melrosewakefield Healthcare Inc and what are their salaries?
The average compensation at Melrosewakefield Healthcare Inc during 2023 was $59,554. There are 2148 employees and 220 volunteers at Melrosewakefield Healthcare Inc.
Here are 32 key members and their salaries (Melrosewakefield Healthcare Inc's CEO's salary is $150,000 and their total compensation is $150,000):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $336,126
- Other: $3,361
- Compensation: $609,479
- Related: $0
- Other: $22,445
- Compensation: $0
- Related: $1,289,948
- Other: $291,127
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $506,483
- Other: $21,815
- Compensation: $473,814
- Related: $0
- Other: $32,126
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $438,283
- Other: $30,778
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $953,259
- Other: $39,569
- Compensation: $407,469
- Related: $0
- Other: $79,835
- Compensation: $84,512
- Related: $0
- Other: $15,220
- Compensation: $451,883
- Related: $0
- Other: $85,747
- Compensation: $306,374
- Related: $0
- Other: $13,776
- Compensation: $252,340
- Related: $0
- Other: $21,504
- Compensation: $327,324
- Related: $0
- Other: $31,874
- Compensation: $292,640
- Related: $0
- Other: $23,095
- Compensation: $289,449
- Related: $0
- Other: $7,749
- Compensation: $282,881
- Related: $0
- Other: $19,888
- Compensation: $278,005
- Related: $0
- Other: $30,107
- Compensation: $650,000
- Related: $0
- Other: $0
- Compensation: $150,000
- Related: $0
- Other: $0
- Compensation: $134,781
- Related: $0
- Other: $0
Official website here: www.tuftsmedicine.org
Where can I find the form 990 for Melrosewakefield Healthcare Inc?
Melrosewakefield Healthcare Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.tuftsmedicine.org
Learn more at the official website: www.tuftsmedicine.org
Mission Statement of Melrosewakefield Healthcare Inc
Melrosewakefield Healthcare Inc, a renowned healthcare organization, is committed to operating hospitals on two campuses, one of which features a 24-hour ER service. The institution provides comprehensive medical care, serving both inpatients and outpatients, and offering ancillary medical services and testing as needed.
In detail, Melrosewakefield Healthcare Inc's mission is focused on operating hospitals that cater to a wide range of medical requirements. At its core, it offers inpatient and outpatient medical care, ensuring individuals receive the necessary treatment for their ailments. The organization goes beyond the scope of basic medical care, extending its services to surgical and psychiatric treatments, thus catering to a more holistic approach towards patient care.
Ancillary medical services are also a crucial aspect of Melrosewakefield Healthcare Inc's offerings. These services encompass various domains such as laboratory, radiology, EKG, EEG, pharmacy, nuclear medicine, physical therapy, occupational therapy, respiratory therapy, and I.V. therapy. By providing these ancillary services, the organization ensures that patients have access to a comprehensive suite of medical care, making their recovery journey more effective and efficient.
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Impact
October, 2024
MelroseWakefield Healthcare Inc significantly enhances community health by operating two hospitals, one of which features a 24-hour emergency room. The organization provides a wide range of medical services, including inpatient and outpatient care, surgical procedures, and psychiatric treatment. Additionally, it offers ancillary services such as laboratory testing, radiology, respiratory therapy, and pharmacy services, ensuring comprehensive care for patients in the Medford, MA area.
By also hosting a hospital school of nursing, MelroseWakefield plays a vital role in educating future healthcare professionals, thereby contributing to the workforce of skilled caregivers. This dual focus on patient care and nursing education fosters a healthier community and helps address the ongoing needs for qualified medical personnel. Through its commitment to accessibility and quality medical services, MelroseWakefield Healthcare Inc has a profound impact on the overall well-being of the communities it serves.
This information is meant to be a general summary of Melrosewakefield Healthcare 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 2023.
- Investment Income: $2,286,505
- Program Service Revenue: $256,126,302
- Gross Receipts: $338,193,821
Assets and Liabilities:
- Total Assets: $344,183,016
- Total Liabilities: $219,089,672
- Net Assets: $125,093,344
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEDICAL SERVICES
Revenue
$255,816,205
MONTVALE PET/CT K1
Revenue
$310,097
Organization Details
Founding Year
1982
Principal Officer
Kelly Corbi
Website
www.tuftsmedicine.orgNTEE Category
Code: E22 - Health
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