Overview
What is Partners Cooperative Inc?
Partners Cooperative Inc, a nonprofit organization based in Atlanta, Georgia, specializes in negotiating purchase contracts with suppliers on behalf of its hospital membership. With a team of 18 employees, they leverage their collective buying power to secure favorable deals and distribute the savings to their members based on their patronage. This cooperative model allows hospitals to focus on their core healthcare services while Partners Cooperative handles the procurement process efficiently.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Star rating)
Partners Cooperative Inc has received a Three-Star rating from Charity Navigator, reflecting its solid performance in accountability and finance. The organization earned a score of 79%, indicating that it meets several key standards in governance and financial practices. The high percentage of independent board members and the completeness of their financial audits are particular strengths, showcasing their commitment to transparency and responsible management.
The charity excels in its program expense ratio, with nearly 99% of its expenses going directly toward its programs. This suggests a strong focus on delivering services rather than administrative overhead. Furthermore, the presence of comprehensive policies regarding conflict of interest, whistleblower protection, and document retention, contributes positively to its accountability score.
However, the data does raise some concerns regarding the compensation of key personnel, with salaries for top executives being notably high. While substantial salaries can be justified in certain contexts, they may raise questions about resource allocation and financial priorities within the organization. Overall, Partners Cooperative Inc demonstrates a commitment to accountability, though potential donors might consider these salary figures when evaluating their support.
This AI summary has been generated from information found on Charity Navigator.
Is Partners Cooperative Inc legitimate?
Partners Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Partners Cooperative 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: $1,895,822
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,513,416
For more financial information, click here
What is the mission statement of Partners Cooperative Inc?
Partners Cooperative Inc is a not-for-profit hospital cooperative that negotiates purchase contracts with suppliers on behalf of its membership. Its mission is to provide contracting and purchasing services to its members, resulting in cost savings and efficiency gains. The cooperative distributes the negotiated savings, or margin, among its members based on their patronage. By pooling resources and leveraging collective bargaining power, Partners Cooperative enables its members to access better pricing and terms from suppliers in the healthcare industry.
Who is the CEO of Partners Cooperative Inc?
Dane Henry is the Director of Partners Cooperative Inc.
What is the revenue of Partners Cooperative Inc?
Partners Cooperative Inc's revenue in 2022 was $60,576,657.
Who are the executives of Partners Cooperative Inc and what are their salaries?
The average compensation at Partners Cooperative Inc during 2022 was $189,402. There are 18 employees at Partners Cooperative Inc.
Here are 62 key members and their salaries:
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Where can I find the form 990 for Partners Cooperative Inc?
Partners Cooperative Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Partners Cooperative Inc
Partners Cooperative, Inc. is a not-for-profit hospital shared services cooperative that focuses on negotiating purchase contracts with suppliers on behalf of its membership. The organization's mission is to provide contracting and purchasing services, thus enabling its members to reap the benefits through the distribution of margins based on their patronage. By pooling their purchasing power, Partners Cooperative helps its members secure favorable prices and terms from suppliers. In essence, the cooperative serves as a bargaining agent, ensuring that its members can acquire essential supplies and services efficiently and cost-effectively.
Partners Cooperative's role is crucial as it enables hospitals and healthcare providers to focus on delivering quality patient care, while the cooperative handles the complexities of contract negotiations and purchasing. Through its collective bargaining power, Partners Cooperative secures competitive contracts, allowing its members to save time and resources. The cooperative's mission is to create value for its members by leveraging its negotiating prowess and expertise in purchasing, ultimately resulting in substantial cost savings and improved operational efficiencies.
In summary, Partners Cooperative, Inc. is a vital partner for its healthcare provider members. By providing expert contracting and purchasing services, the cooperative enables its members to secure favorable deals with suppliers, ultimately contributing to better patient care and financial stability. With its member-centric approach, Partners Cooperative is a trusted and essential partner in the healthcare industry.
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Impact
October, 2024
Partners Cooperative Inc enhances the healthcare landscape by negotiating purchase contracts with suppliers, which allows it to secure better pricing and terms for its members. By leveraging collective buying power, the cooperative distributes margins based on member patronage, ensuring that hospitals and health providers can lower costs without compromising on quality. This collaborative approach not only improves financial efficiency for its members but also increases access to essential services and products within the healthcare sector. Operating in Atlanta, Georgia, Partners Cooperative is committed to enhancing the operational capabilities of its members through strategic sourcing, ultimately contributing to improved healthcare outcomes in the community it serves.
This information is meant to be a general summary of Partners Cooperative 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: $677
- Program Service Revenue: $60,575,980
- Gross Receipts: $60,576,657
Assets and Liabilities:
- Total Assets: $33,881,134
- Total Liabilities: $33,137,226
- Net Assets: $743,908
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
REBATES - PATRONAGE
Revenue
$60,575,980
Organization Details
Founding Year
2002
Phone
(678) 842-7300Principal Officer
Dane Henry
Main Address
3625 CUMBERLAND BLVD SE 1425, ATLANTA, GA, 30339
NTEE Category
Code: E192 - Health
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