Overview
What is Lahey Health Shared Services Inc?
Lahey Health Shared Services Inc is a nonprofit organization dedicated to delivering patient care services, patient education, and community benefits. They offer a range of programs and initiatives aimed at improving healthcare and providing support for the community. Additionally, they are committed to the continued education of healthcare providers and engaging in research activities. Through their philanthropic efforts, they contribute to making a positive impact on people's lives.
Official website here: www.lahey.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 41%, Zero-Star out of Four Star rating.
Lahey Health Shared Services Inc has received a low rating of 41%, reflecting significant concerns in its accountability and financial practices. The charity's score is derived solely from its accountability and finance metrics, indicating deficiencies especially in board governance and program expense ratios. The organization scored poorly on the majority of the accountability criteria, particularly in the areas of independent board membership and board size, which points to a lack of governance oversight.
Despite some positive aspects, such as having a solid audit and oversight committee, as well as policies in place for conflict of interest and whistleblower protections, these strengths are overshadowed by critical weaknesses. The lack of independent board members and the absence of financial transparency, with a zero score in the liabilities to assets ratio and program expense ratio, raise questions about the organization’s fiscal management and its ability to effectively use funds toward its mission.
Overall, the current rating suggests that Lahey Health Shared Services Inc may face challenges in building trust and credibility with donors and stakeholders. Prospective supporters should consider these financial and governance issues carefully before engaging with the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Lahey Health Shared Services Inc legitimate?
Lahey Health Shared Services Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lahey Health Shared Services 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $29,469,475
For more financial information, click here
Official website here: www.lahey.org
What is the mission statement of Lahey Health Shared Services Inc?
Lahey Health Shared Services Inc is dedicated to delivering patient care services and education, as well as engaging in community benefits and community service programs. They prioritize the continuous education of healthcare providers, and also conduct research activities and philanthropic efforts. In essence, their mission is to enhance healthcare delivery and improve the wellbeing of individuals through various means.
Official website here: www.lahey.org
Who is the CEO of Lahey Health Shared Services Inc?
Cindy Rios is the Trustee, Chair, Pres & Ceo (Ex-Off) of Lahey Health Shared Services Inc. The CEO's salary of Lahey Health Shared Services Inc is $0 and their total compensation is $5,330,799.
Official website here: www.lahey.org
What is the revenue of Lahey Health Shared Services Inc?
Lahey Health Shared Services Inc's revenue in 2022 was $57,936,844.
Official website here: www.lahey.org
Who are the executives of Lahey Health Shared Services Inc and what are their salaries?
The average compensation at Lahey Health Shared Services Inc during 2022 was $26,864. There are 1097 employees and 1 volunteer at Lahey Health Shared Services Inc.
Here are 13 key members and their salaries (Lahey Health Shared Services Inc's CEO's salary is $0 and their total compensation is $5,330,799):
- Compensation: $0
- Related: $5,034,628
- Other: $296,171
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $1,255,848
- Other: $22,043
- Compensation: $0
- Related: $1,365,000
- Other: $26,877
- Compensation: $0
- Related: $532,985
- Other: $21,597
- Compensation: $439,789
- Related: $0
- Other: $2,032
- Compensation: $527,246
- Related: $0
- Other: $65,058
- Compensation: $549,294
- Related: $0
- Other: $59,783
- Compensation: $479,584
- Related: $0
- Other: $61,427
- Compensation: $603,731
- Related: $0
- Other: $60,603
- Compensation: $350,002
- Related: $0
- Other: $0
- Compensation: $0
- Related: $974,820
- Other: $47,235
- Compensation: $323,506
- Related: $0
- Other: $47,840
Official website here: www.lahey.org
Where can I find the form 990 for Lahey Health Shared Services Inc?
Lahey Health Shared Services Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lahey.org
Learn more at the official website: www.lahey.org
Mission Statement of Lahey Health Shared Services Inc
Lahey Health Shared Services Inc is a mission-driven organization that strives to deliver patient care services, impart education, and render community benefits. Based on the provided information, this nonprofit entity is dedicated to offering healthcare services to patients, educating them about their health, and contributing to the community. Additionally, it supports the ongoing education of healthcare providers, conducts research activities, and engages in philanthropic efforts.
In essence, Lahey Health Shared Services Inc functions as a collaborative hub that pools resources, expertise, and best practices to enhance healthcare delivery, promote learning, and foster innovation. Through its comprehensive range of services, this organization aims to improve the wellbeing of individuals and contribute positively to the broader community.
By providing patient care services, Lahey Health Shared Services Inc ensures that those in need can access essential medical support. This encompasses not only the diagnosis and treatment of various health conditions but also the education of patients about their care plans and overall wellness. By focusing on patient education, the organization empowers individuals to make informed decisions about their health and effectively manage their conditions.
Furthermore, this nonprofit entity extends its reach beyond the confines of healthcare facilities by engaging in community benefits and community service programs. These initiatives aim to address the social determinants of health and promote overall wellbeing. Additionally, Lahey Health Shared Services Inc offers continuing education opportunities to healthcare providers, enabling them to expand their knowledge and expertise.
In the realm of research activities, this organization fosters innovation and advances the frontiers of medical knowledge. This commitment to discovery and progress paves the way for improved patient care and better health outcomes. Lastly, philanthropic efforts undertaken by Lahey Health Shared Services Inc serve to support various causes and initiatives that align with its mission.
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Impact
October, 2024
Lahey Health Shared Services Inc has a significant impact on the healthcare landscape by offering a variety of essential services aimed at improving patient care and community well-being. The organization focuses on delivering patient care services that enhance the quality of healthcare provided to individuals in Burlington, MA, and surrounding areas.
Through comprehensive patient education programs, Lahey Health empowers individuals with the knowledge they need to make informed decisions about their health. Additionally, the organization engages in community benefits and service programs, addressing broader health needs within the community and promoting healthier lifestyles.
The commitment to the continuing education of healthcare providers ensures that medical staff stay updated with the latest practices and advancements in health care, ultimately improving patient outcomes. Furthermore, Lahey Health's involvement in research activities contributes to advancing medical knowledge and innovation in health services.
Overall, Lahey Health Shared Services Inc plays a crucial role in enhancing community health, supporting the education of healthcare professionals, and fostering research initiatives, thereby uplifting the overall health of the population it serves.
This information is meant to be a general summary of Lahey Health Shared Services 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: -$22,189
- Program Service Revenue: $57,385,211
- Gross Receipts: $57,977,482
Assets and Liabilities:
- Total Assets: $90,062,817
- Total Liabilities: $90,062,817
- Net Assets: $0
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SERVICES TO AFFILIATES
Revenue
$57,222,449
ELECTRONIC HEALTH RECO
Revenue
$158,714
MISCELLANEOUS
Revenue
$4,048
Organization Details
Founding Year
1992
Phone
(781) 744-5100Principal Officer
Cindy Rios
Main Address
41 MALL ROAD, BURLINGTON, MA, 01805
Website
www.lahey.orgNTEE Category
Code: E90Z - Health
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