Overview
What is Williamson Medical Center Foundationinc?
Williamson Medical Center Foundationinc is a charitable organization based in Franklin, Tennessee, with the mission to support Williamson Medical Center in delivering healthcare services. They fund capital projects and health outreach programs, which fall outside the regular hospital budget, by soliciting various types of charitable donations. These contributions can be in the form of cash, securities, real estate, personal property, life insurance, or bequests, and can be made anonymously or in honor/memory of someone. The foundation utilizes these funds to purchase medical equipment, expand or build new areas, and establish or support specific funds. The goal is to enhance the healthcare services provided by Williamson Medical Center, thereby benefiting the local community.
Official website here: www.williamsonmedicalcenter.org/wmcfoundation
What are the reviews and ratings of this charity?
Charity Navigator Rating: 85% (Three-Star out of Four Stars)
Williamson Medical Center Foundation Inc has earned a Three-Star rating from Charity Navigator, reflecting a solid performance in accountability and finance. The charity demonstrates strong governance with a fully independent board and no material diversion of assets. With an impressive program expense ratio of 83.91%, the organization effectively allocates a significant portion of its funds toward its programs.
However, there are some notable limitations in its policies. The foundation lacks a whistleblower policy and does not have a documented retention and destruction policy, which are important for transparency and accountability. This gap in policy documentation could impact stakeholder trust and the overall perception of governance.
Overall, Williamson Medical Center Foundation Inc shows strengths in financial management and operational efficiency but needs to address the missing policies to enhance its accountability framework further. With a good performance score, it remains a trustworthy option for donors looking to support healthcare-related initiatives in the community.
This AI summary has been generated from information found on Charity Navigator.
Is Williamson Medical Center Foundationinc legitimate?
Williamson Medical Center Foundationinc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Williamson Medical Center Foundationinc 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: $0
For more financial information, click here
Official website here: www.williamsonmedicalcenter.org/wmcfoundation
What is the mission statement of Williamson Medical Center Foundationinc?
The Williamson Medical Center Foundation's mission is to serve as a charitable and developmental arm, supporting Williamson Medical Center in delivering healthcare services. The foundation aims to fund capital projects and health outreach programs beyond the usual hospital expenditures by soliciting charitable gifts in various forms. These gifts may be made in honor or memory of someone, to establish or support a specific fund, purchase new equipment, or expand or build new areas. Donations can be anonymous or recognized, small or large, and can be planned over time. The foundation's contributions support programs and services that fall outside the standard hospital budget.
Official website here: www.williamsonmedicalcenter.org/wmcfoundation
Who is the CEO of Williamson Medical Center Foundationinc?
Larry Westbrook is the Chairman of Williamson Medical Center Foundationinc.
Official website here: www.williamsonmedicalcenter.org/wmcfoundation
What is the revenue of Williamson Medical Center Foundationinc?
Williamson Medical Center Foundationinc's revenue in 2022 was $3,381,380.
Official website here: www.williamsonmedicalcenter.org/wmcfoundation
Who are the executives of Williamson Medical Center Foundationinc and what are their salaries?
There 18 volunteers at Williamson Medical Center Foundationinc.
Here are 20 key members and their salaries:
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- Other: $26,000
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- Other: $26,000
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- Related: $169,726
- Other: $5,328
Official website here: www.williamsonmedicalcenter.org/wmcfoundation
Where can I find the form 990 for Williamson Medical Center Foundationinc?
Williamson Medical Center Foundationinc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.williamsonmedicalcenter.org/wmcfoundation
Learn more at the official website: www.williamsonmedicalcenter.org/wmcfoundation
Mission Statement of Williamson Medical Center Foundationinc
Williamson Medical Center Foundationinc serves as a charitable and developmental arm, dedicated to supporting Williamson Medical Center in providing healthcare services. The foundation's primary mission is to fund capital projects and health outreach programs that fall outside the normal hospital operating expenses. To achieve this, the organization seeks charitable gifts of various types, including restricted and unrestricted donations. These contributions can take many forms, such as cash, securities, real estate, personal property, life insurance, and bequests. The gifts, whether small or large, anonymous or recognized, one-time or planned over time, are used to honor or memorialize someone, establish or support a particular fund, purchase new equipment, or expand or build new areas within the medical center. The ultimate goal of Williamson Medical Center Foundationinc is to support programs and services that enhance the quality of healthcare provided by Williamson Medical Center.
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Impact
July, 2024
Williamson Medical Center Foundationinc plays a crucial role in supporting Williamson Medical Center in providing healthcare services. The Foundation seeks charitable gifts to fund capital projects and health outreach programs that fall outside the normal structure of hospital operating expenditures. This support enables the purchase of essential furniture, equipment, and educational resources that benefit the medical center and ultimately enhance the quality of care provided to the community in Franklin, TN. By facilitating donations in various forms such as cash, securities, real estate, and more, the Foundation's impact extends beyond conventional healthcare funding to make a tangible difference in the lives of patients and healthcare providers.
This information is meant to be a general summary of Williamson Medical Center Foundationinc. 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: $32,148
- Gross Receipts: $3,420,336
Assets and Liabilities:
- Total Assets: $5,969,211
- Total Liabilities: $1,003,628
- Net Assets: $4,965,583
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Organization Details
Founding Year
2003
Phone
(615) 435-5170Principal Officer
Larry Westbrook
Main Address
4321 CAROTHERS PKWY 604, FRANKLIN, TN, 37067
NTEE Category
Code: E11 - Health
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