Overview
What is Faxton St Luke's Healthcare?
Faxton St Luke's Healthcare is a nonprofit organization based in Utica, New York, with a PO Box address (479). As a full-service general hospital, they operate with 320 licensed beds and offer a comprehensive range of ancillary services, including maternity and newborn care. The hospital's disbursements are exclusively used for providing healthcare services and materials. Faxton St Luke's Healthcare prides itself on serving everyone, regardless of race, religion, or ability to pay. Their mission is to deliver excellence in healthcare to their communities, with a vision to be the trusted healthcare system of choice through clinical quality, compassionate care, operational efficiency, education, and wellness promotion. The organization employs a large workforce of 2689 individuals.
Official website here: www.mvhealthsystem.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 96%, Four-Star out of Four Stars
Faxton St Luke's Healthcare has received an impressive Four-Star rating from Charity Navigator, indicating a high level of financial accountability and transparency. The charity's overall score is particularly bolstered by its 96% Accountability & Finance score, reflecting solid financial practices and governance. The organization demonstrates a strong commitment to maintaining an independent board, with 88% of its members being independent, which is a positive indicator of good governance.
The charity's financial management is commendable, highlighted by a low liabilities-to-assets ratio of 40.46% and a program expense ratio of 88.26%. These figures suggest that a significant majority of its funds are directed towards its programs rather than administrative costs. Furthermore, Faxton St Luke's Healthcare has established robust policies, including conflict of interest and whistleblower protections, enhancing its credibility and integrity.
While the data does not indicate any material diversion of assets, which is a vital aspect for donor confidence, it is essential for stakeholders to continue monitoring the organization's performance and adherence to its stated objectives. Overall, Faxton St Luke's Healthcare stands out for its strong governance and financial stewardship, making it a trustworthy choice for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Faxton St Luke's Healthcare legitimate?
Faxton St Luke's Healthcare is a legitimate nonprofit organization registered as a 501(c)(3) entity. Faxton St Luke's Healthcare 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: $3,084,792
Professional Fundraising Fees: $0
Other Salaries and Wages: $161,840,860
For more financial information, click here
Official website here: www.mvhealthsystem.org
What is the mission statement of Faxton St Luke's Healthcare?
Faxton St Luke's Healthcare is dedicated to delivering excellence in healthcare for the communities it serves. Its mission is to be the trusted healthcare system of choice, achieved through clinical quality, exceptional service, education, compassionate care, promotion of wellness, and operational efficiency. The hospital provides a full range of inpatient and ancillary services, including maternity and newborn care. Faxton St Luke's Healthcare offers care to everyone, regardless of race, religion, or ability to pay. Its vision encompasses being a beacon of quality healthcare that is accessible and compassionate to all.
Official website here: www.mvhealthsystem.org
Who is the CEO of Faxton St Luke's Healthcare?
Louis Aiello is the Chairman of Faxton St Luke's Healthcare. The CEO's salary of Faxton St Luke's Healthcare is $1,183,762 and their total compensation is $1,207,286.
Official website here: www.mvhealthsystem.org
What is the revenue of Faxton St Luke's Healthcare?
Faxton St Luke's Healthcare's revenue in 2022 was $392,489,419.
Official website here: www.mvhealthsystem.org
Who are the executives of Faxton St Luke's Healthcare and what are their salaries?
The average compensation at Faxton St Luke's Healthcare during 2022 was $61,333. There are 2689 employees and 30 volunteers at Faxton St Luke's Healthcare.
Here are 28 key members and their salaries (Faxton St Luke's Healthcare's CEO's salary is $1,183,762 and their total compensation is $1,207,286):
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- Compensation: $687,154
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- Compensation: $1,183,762
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- Other: $23,524
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- Other: $31,112
- Compensation: $466,597
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- Other: $29,154
- Compensation: $633,862
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- Other: $31,190
- Compensation: $1,278,143
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- Other: $29,958
- Compensation: $946,732
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- Other: $30,400
- Compensation: $739,339
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- Other: $21,902
- Compensation: $722,403
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- Other: $27,582
- Compensation: $659,267
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- Other: $21,897
- Compensation: $50,504
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- Compensation: $281,019
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- Other: $13,488
- Compensation: $128,463
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- Other: $4,654
Official website here: www.mvhealthsystem.org
Where can I find the form 990 for Faxton St Luke's Healthcare?
Faxton St Luke's Healthcare's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mvhealthsystem.org
Learn more at the official website: www.mvhealthsystem.org
Mission Statement of Faxton St Luke's Healthcare
Faxton St Luke's Healthcare, a renowned healthcare provider, is dedicated to delivering excellence in healthcare services for the communities it serves. With a clear vision to be the trusted healthcare system of choice, this organization prioritizes clinical quality, compassionate care, operational efficiency, and promotion of wellness. Faxton St Luke's operates as a full-service hospital with 320 licensed beds, offering a complete range of ancillary services, including maternity and newborn care.
This mission-driven organization, Faxton St Luke's Healthcare, provides comprehensive healthcare solutions to all individuals, regardless of race, religion, or ability to pay. The hospital's disbursements are exclusively utilized for the performance of its exempt functions, ensuring that top-notch healthcare remains accessible to everyone. The hospital's team of healthcare professionals is committed to offering services and materials that cater to the diverse needs of their patients, focusing on the overall well-being and health of the communities they serve.
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Impact
October, 2024
Faxton St Luke's Healthcare significantly impacts the local community by providing comprehensive inpatient and acute care services through its 320 licensed beds. The hospital is dedicated to delivering a wide range of healthcare services, including maternity and newborn care, ensuring that residents have access to essential medical support. With a strong focus on clinical quality and compassionate care, Faxton St Luke’s prioritizes the health and wellness of its patients, regardless of their background or ability to pay.
The organization consistently works towards operational efficiency and excellence in service, aiming to be the trusted choice for healthcare in the region. By promoting wellness and offering educational resources, Faxton St Luke’s not only addresses immediate health needs but also contributes to the long-term health of the community. Their mission to achieve excellence in healthcare ensures that they remain a vital resource for Utica, NY, and the surrounding areas.
This information is meant to be a general summary of Faxton St Luke's Healthcare. 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: $2,722,853
- Program Service Revenue: $350,694,704
- Gross Receipts: $393,810,070
Assets and Liabilities:
- Total Assets: $312,244,691
- Total Liabilities: $141,438,147
- Net Assets: $170,806,544
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ACUTE CARE
Revenue
$129,519,601
RADIOLOGY
Revenue
$65,007,414
RENAL DIALYSIS
Revenue
$24,089,327
LABORATORY
Revenue
$21,380,998
CANCER CARE
Revenue
$17,421,105
Organization Details
Founding Year
2000
Phone
(315) 624-6000Principal Officer
Louis Aiello
Main Address
PO BOX 479, UTICA, NY, 13502
Website
www.mvhealthsystem.orgNTEE Category
Code: E22 - Health
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