Overview
What is Umass Memorial Health Care Inc (Parent)?
Umass Memorial Health Care Inc (Parent) is a Massachusetts-based nonprofit organization with a mission to advance health care knowledge, education, and research, as well as oversee the operations of UMass Memorial Health Care. They administer gifts and grants, receiving funds from various sources to support charitable, scientific, or educational services that address the community's physical and mental needs. With a workforce of 2041 employees, they strive for excellence in clinical care, services, teaching, and research to improve the health of people in central New England.
Official website here: www.ummhealth.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 81%, Three-Star out of Four Star rating.
Umass Memorial Health Care Inc has received an 81% score from Charity Navigator, reflecting a solid level of accountability and financial health. The rating is based entirely on the Accountability & Finance beacon, which highlights the organization’s strong governance and operational practices. The presence of an independent board with 89% independent members and a commitment to transparency is commendable.
The organization demonstrates effective financial management, reporting a high program expense ratio of 97.08%. This indicates that a significant portion of its expenses is directed towards its core programs, which is a positive sign for donors and stakeholders. The organization also has robust policies in place, including conflict of interest and whistleblower policies, ensuring ethical practices.
While the rating is favorable, it is important to note that it is solely based on the accountability and finance criteria, which may not encompass all aspects of the organization's impact or effectiveness in its mission. Prospective donors and supporters may want to look into additional performance metrics or program outcomes for a more comprehensive understanding of the charity's overall performance.
This AI summary has been generated from information found on Charity Navigator.
Is Umass Memorial Health Care Inc (Parent) legitimate?
Umass Memorial Health Care Inc (Parent) is a legitimate nonprofit organization registered as a 501(c)(3) entity. Umass Memorial Health Care Inc (Parent) 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: $12,684,538
Professional Fundraising Fees: $0
Other Salaries and Wages: $154,029,716
For more financial information, click here
Official website here: www.ummhealth.org
What is the mission statement of Umass Memorial Health Care Inc (Parent)?
Umass Memorial Health Care Inc (Parent) is dedicated to enhancing the health and well-being of individuals in central New England. Through their operations, they aim to advance knowledge, education, and research in healthcare, as well as practice these services effectively. The organization is committed to supporting the development and coordination of an integrated healthcare system, and administering charitable gifts and grants for charitable, scientific, or educational purposes. Their mission focuses on providing excellence in clinical care, services, teaching, and research.
Official website here: www.ummhealth.org
Who is the CEO of Umass Memorial Health Care Inc (Parent)?
Unavailable The CEO's salary of Umass Memorial Health Care Inc (Parent) is $223,918 and their total compensation is $242,120.
Official website here: www.ummhealth.org
What is the revenue of Umass Memorial Health Care Inc (Parent)?
Umass Memorial Health Care Inc (Parent)'s revenue in 2022 was $486,009,918.
Official website here: www.ummhealth.org
Who are the executives of Umass Memorial Health Care Inc (Parent) and what are their salaries?
The average compensation at Umass Memorial Health Care Inc (Parent) during 2022 was $81,683. There are 2041 employees and 23 volunteers at Umass Memorial Health Care Inc (Parent).
Here are 56 key members and their salaries (Umass Memorial Health Care Inc (Parent)'s CEO's salary is $223,918 and their total compensation is $242,120):
- Compensation: $2,538,486
- Related: $0
- Other: $547,436
- Compensation: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $979,552
- Other: $124,904
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
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- Compensation: $1,157,049
- Related: $0
- Other: $264,273
- Compensation: $636,959
- Related: $0
- Other: $166,681
- Compensation: $1,376,573
- Related: $0
- Other: $186,095
- Compensation: $0
- Related: $435,192
- Other: $73,382
- Compensation: $0
- Related: $721,312
- Other: $176,254
- Compensation: $630,682
- Related: $0
- Other: $79,790
- Compensation: $453,707
- Related: $0
- Other: $42,328
- Compensation: $601,952
- Related: $0
- Other: $91,343
- Compensation: $0
- Related: $425,431
- Other: $65,870
- Compensation: $0
- Related: $1,870,690
- Other: $52,120
- Compensation: $706,928
- Related: $0
- Other: $155,797
- Compensation: $0
- Related: $171,217
- Other: $7,590
- Compensation: $0
- Related: $392,335
- Other: $87,174
- Compensation: $0
- Related: $408,324
- Other: $80,194
- Compensation: $0
- Related: $527,189
- Other: $145,027
- Compensation: $470,131
- Related: $0
- Other: $112,905
- Compensation: $690,967
- Related: $0
- Other: $68,268
- Compensation: $0
- Related: $564,929
- Other: $117,986
- Compensation: $563,619
- Related: $0
- Other: $25,211
- Compensation: $0
- Related: $342,081
- Other: $51,758
- Compensation: $0
- Related: $1,498,616
- Other: $311,143
- Compensation: $0
- Related: $751,129
- Other: $96,663
- Compensation: $448,176
- Related: $0
- Other: $110,701
- Compensation: $0
- Related: $691,804
- Other: $137,194
- Compensation: $0
- Related: $532,763
- Other: $129,502
- Compensation: $223,918
- Related: $0
- Other: $18,202
- Compensation: $0
- Related: $1,747,029
- Other: $86,239
- Compensation: $417,609
- Related: $0
- Other: $17,342
- Compensation: $395,899
- Related: $0
- Other: $98,248
- Compensation: $382,743
- Related: $0
- Other: $80,227
- Compensation: $377,396
- Related: $0
- Other: $9,880
- Compensation: $382,312
- Related: $0
- Other: $105,052
- Compensation: $304,349
- Related: $0
- Other: $77,925
- Compensation: $654,762
- Related: $0
- Other: $40,429
- Compensation: $121,952
- Related: $0
- Other: $0
Official website here: www.ummhealth.org
Where can I find the form 990 for Umass Memorial Health Care Inc (Parent)?
Umass Memorial Health Care Inc (Parent)'s most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ummhealth.org
Learn more at the official website: www.ummhealth.org
Mission Statement of Umass Memorial Health Care Inc (Parent)
Umass Memorial Health Care Inc (Parent) is a dedicated organization committed to enhancing the health and wellbeing of people in central New England. With a mission to excel in clinical care, services, teaching, and research, this health care provider strives to advance knowledge and education in the field of health care.
Through its parent company, Umass Memorial Health Care Inc (Parent) oversees various health care facilities and providers, ensuring the efficient delivery of support services. Its vision goes beyond treating individual patients; it aims to address the broader community's physical and mental needs in an exclusive manner, benefiting charitable, scientific, and educational institutions under its control.
Umass Memorial Health Care Inc (Parent) is focused on improving the health of the population it serves. By maintaining a commitment to excellence, the organization continually seeks ways to enhance the quality of care it provides, thus positioning itself as a leader in the health care industry.
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Impact
October, 2024
Umass Memorial Health Care Inc (Parent) plays a critical role in advancing the health and well-being of the Central New England community through a coordinated and integrated health care delivery system. By overseeing multiple health care facilities and providers, the organization ensures that high-quality clinical care and comprehensive health services are accessible to the population it serves.
Its commitment to charitable, scientific, and educational programs addresses both physical and mental health needs, fostering a holistic approach to health care. The administration of gifts and grants allows for the development of innovative services and programs that enhance patient care and outcomes. Furthermore, Umass Memorial Health Care is dedicated to advancing medical knowledge and research, which contributes to the continual improvement of health services and practices.
With a foundational mission to improve health outcomes and promote excellence in clinical care, teaching, and research, the organization serves as a vital resource in the community, ultimately enhancing the quality of life for individuals and families in the region. Through these efforts, Umass Memorial Health Care Inc (Parent) not only addresses immediate health care needs but also invests in the long-term health and education of the community it serves.
This information is meant to be a general summary of Umass Memorial Health Care Inc (Parent). 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: $22,563,211
- Program Service Revenue: $450,901,649
- Gross Receipts: $486,643,225
Assets and Liabilities:
- Total Assets: $1,839,772,366
- Total Liabilities: $1,276,526,636
- Net Assets: $563,245,730
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
System allocation premium
Revenue
$369,232,086
Professional liability revenue
Revenue
$31,412,982
Workers compensation premium
Revenue
$12,850,228
General insurance premium
Revenue
$4,995,822
Other program service revenue
Revenue
$32,410,531
Organization Details
Founding Year
1998
Phone
(508) 334-0252Main Address
100 Front St Suite 200, Worcester, MA, 01608
Website
www.ummhealth.orgNTEE Category
Code: E110 - Health
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