Overview
What is The Memorial Hospital?
The Memorial Hospital, situated in Providence, Rhode Island, was a nonprofit organization that emphasized primary care and preventative medicine. Until its closure on January 1, 2018, it offered advanced diagnosis and treatment, with a strong focus on teaching and research. The hospital's mission was to provide healthcare services in a non-discriminatory manner, irrespective of factors such as race, color, creed, sex, national origin, or ability to pay. The competent and caring professional staff played a crucial role in achieving the timely and efficient delivery of care in a compassionate atmosphere. The organization's total workforce consisted of 25 individuals.
Official website here: www.carenewengland.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating) from Charity Navigator.
The Memorial Hospital has received an 81% rating from Charity Navigator, indicating a solid performance primarily in the Accountability & Finance category. This rating reflects the organization’s commitment to transparency and responsible financial practices, as evidenced by its high scores in areas such as independent board membership and a clear conflict of interest policy.
Strengths of the organization include an independent board that is fully compliant, with 81% of its members recognized as independent, which supports effective governance. The hospital also excels in financial oversight, with no noted diversion of assets and a strong program expense ratio of 90%, demonstrating that the majority of funds are directed towards its core mission.
While the rating is commendable, it does rely solely on the Accountability & Finance score without additional indicators from other areas such as impact or program effectiveness. This focus may suggest that while financial management is robust, further insight into program outcomes would provide a more comprehensive view of the hospital's overall performance.
This AI summary has been generated from information found on Charity Navigator.
Is The Memorial Hospital legitimate?
The Memorial Hospital is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Memorial Hospital 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: $117,515
For more financial information, click here
Official website here: www.carenewengland.org
What is the mission statement of The Memorial Hospital?
Until its closure on January 1, 2018, The Memorial Hospital's mission was centered around primary care and preventive medicine. It aimed to provide advanced diagnosis and treatment, emphasizing teaching and research. The hospital relied on the medical expertise of its competent and caring professional staff to achieve the timely and efficient delivery of care in a compassionate atmosphere. It served as an essential resource in achieving its mission. However, further details can be found in the organization's community benefit statement, which is included in Schedule O.
Official website here: www.carenewengland.org
Who is the CEO of The Memorial Hospital?
Michael Wagner Md is the Principal Officer of The Memorial Hospital. The CEO's salary of The Memorial Hospital is $0 and their total compensation is $1,956,437.
Official website here: www.carenewengland.org
What is the revenue of The Memorial Hospital?
The Memorial Hospital's revenue in 2022 was $3,934,364.
Official website here: www.carenewengland.org
Who are the executives of The Memorial Hospital and what are their salaries?
The average compensation at The Memorial Hospital during 2022 was $4,701. There are 25 employees at The Memorial Hospital.
Here are 20 key members and their salaries (The Memorial Hospital's CEO's salary is $0 and their total compensation is $1,956,437):
- Compensation: $0
- Related: $1,912,336
- Other: $44,101
- Compensation: $0
- Related: $867,229
- Other: $52,759
- Compensation: $0
- Related: $493,317
- Other: $38,488
- Compensation: $0
- Related: $314,590
- Other: $17,501
- Compensation: $0
- Related: $252,816
- Other: $23,183
- Compensation: $111,580
- Related: $0
- Other: $7,238
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $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: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.carenewengland.org
Where can I find the form 990 for The Memorial Hospital?
The Memorial Hospital's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.carenewengland.org
Learn more at the official website: www.carenewengland.org
Mission Statement of The Memorial Hospital
The Memorial Hospital, prior to its closure on January 1, 2018, had a mission centered around primary care and preventative medicine. This mission involved providing advanced diagnosis and treatment, with a significant emphasis on teaching and research. The organization sought to serve as an essential resource in achieving this mission, leveraging the medical expertise of its competent and caring professional staff. The Memorial Hospital strived to ensure the timely and efficient delivery of care in a compassionate atmosphere, thereby catering to the needs of its patients with utmost care and consideration.
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Impact
July, 2024
The impact of The Memorial Hospital was significant in providing primary care and preventative medicine services until its closure on January 1, 2018. The organization focused on delivering advanced diagnosis and treatment while emphasizing teaching and research. It played a vital role in offering medically necessary healthcare services to all individuals in a non-discriminatory manner, regardless of race, color, creed, sex, national origin, or ability to pay. The Memorial Hospital aimed to provide compassionate care efficiently, with a competent and caring professional staff contributing to its mission.
This information is meant to be a general summary of The Memorial Hospital. 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: $853,216
- Program Service Revenue: $3,081,148
- Gross Receipts: $3,934,364
Assets and Liabilities:
- Total Assets: $20,047,303
- Total Liabilities: $124,275,037
- Net Assets: -$104,227,734
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
NET PATIENT SERVICE REVENUE
Revenue
$900,439
OTHER HEALTHCARE RELATED REVENUE
Revenue
$621,324
RENTAL REVENUE
Revenue
$1,559,385
Organization Details
Founding Year
1901
Phone
(401) 921-7602Principal Officer
Michael Wagner Md
Main Address
4 RICHMOND SQUARE 4TH FLOOR, PROVIDENCE, RI, 02906
Website
www.carenewengland.orgNTEE Category
Code: E220 - Health
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