Overview
What is Alverno Provena Hospital Laboratories Inc?
Alverno Provena Hospital Laboratories Inc is a nonprofit organization based in Hammond, IN, dedicated to delivering top-quality lab testing services to faith-based hospitals and their affiliates across Illinois and Indiana. The team's mission is to provide timely, reliable lab testing while controlling costs and expanding the range of offered services. By embodying Christ's Ministry, they ensure that the hospitals they serve receive the best possible lab care. Alverno Provena Hospital Laboratories focuses on growth and collaboration with 24 not-for-profit healthcare institutions, contributing to the enhancement of healthcare delivery in the region.
Official website here: www.alvernolabs.com
What are the reviews and ratings of this charity?
Charity Navigator rating: 81%, Three-Star out of Four Star rating.
Alverno Provena Hospital Laboratories Inc has received a solid rating of 81%, which indicates a good level of accountability and financial health. The overall score is derived entirely from the Accountability & Finance beacon, reflecting the organization's commitment to transparency and responsible management of funds. The high score in program expenses shows that a significant majority of its resources are directed toward its mission.
Strengths include a fully independent board, which underscores the organization's governance quality, and a robust oversight committee that ensures financial integrity is maintained. The organization has also established several important policies, such as conflict of interest, whistleblower, and document retention policies, contributing to a strong ethical framework.
However, the organization faces a challenge with its liabilities to assets ratio, scoring low in this area. While the majority of its financial metrics are positive, this particular aspect may indicate potential financial stress or reliance on borrowed funds that could impact its sustainability going forward. Overall, Alverno Provena Hospital Laboratories Inc demonstrates a strong commitment to accountability while needing to address its financial liabilities more effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Alverno Provena Hospital Laboratories Inc legitimate?
Alverno Provena Hospital Laboratories Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Alverno Provena Hospital Laboratories 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.alvernolabs.com
What is the mission statement of Alverno Provena Hospital Laboratories Inc?
Alverno Provena Hospital Laboratories Inc carries out a mission to deliver top-quality lab testing services to not-for-profit hospitals and their affiliates across Illinois and Indiana. By providing timely lab testing, this organization contributes to enhancing healthcare services and ensuring accurate diagnoses for patients. Their commitment extends to growth, allowing them to expand their offerings and maintain affordability. Alverno Provena Hospital Laboratories' objective is to serve faith-based hospitals with unwavering quality and efficiency.
Official website here: www.alvernolabs.com
Who is the CEO of Alverno Provena Hospital Laboratories Inc?
Samuel C Terese Jr is the Chair of Alverno Provena Hospital Laboratories Inc. The CEO's salary of Alverno Provena Hospital Laboratories Inc is $0 and their total compensation is $732,089.
Official website here: www.alvernolabs.com
What is the revenue of Alverno Provena Hospital Laboratories Inc?
Alverno Provena Hospital Laboratories Inc's revenue in 2022 was $199,008,778.
Official website here: www.alvernolabs.com
Who are the executives of Alverno Provena Hospital Laboratories Inc and what are their salaries?
There 8 volunteers at Alverno Provena Hospital Laboratories Inc.
Here are 16 key members and their salaries (Alverno Provena Hospital Laboratories Inc's CEO's salary is $0 and their total compensation is $732,089):
- Compensation: $0
- Related: $0
- 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
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- Other: $0
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- Related: $700,443
- Other: $31,646
- Compensation: $0
- Related: $421,874
- Other: $30,414
- Compensation: $0
- Related: $346,902
- Other: $30,738
- Compensation: $0
- Related: $170,211
- Other: $6,813
- Compensation: $0
- Related: $172,512
- Other: $7,877
- Compensation: $0
- Related: $173,296
- Other: $16,905
- Compensation: $0
- Related: $165,360
- Other: $18,552
- Compensation: $0
- Related: $159,560
- Other: $12,955
Official website here: www.alvernolabs.com
Where can I find the form 990 for Alverno Provena Hospital Laboratories Inc?
Alverno Provena Hospital Laboratories Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.alvernolabs.com
Learn more at the official website: www.alvernolabs.com
Mission Statement of Alverno Provena Hospital Laboratories Inc
Alverno Provena Hospital Laboratories Inc is a mission-driven organization that brings the healing ministry of Christ to their partner hospitals and affiliates across Illinois and Indiana. By offering timely and high-quality lab testing services, they contribute significantly to the health and wellbeing of their communities.
Alverno Provena Hospital Laboratories focuses on expansion and growth, ensuring the provision of top-notch laboratory services to faith-based hospitals. The organization's approach combines maintaining quality standards, controlling costs, and introducing an increased range of services to its partners. With a commitment to excellence, Alverno Provena Hospital Laboratories has established itself as a trusted partner for not-for-profit hospitals in both Illinois and Indiana.
In pursuit of its mission, Alverno Provena Hospital Laboratories strives to enhance the healthcare experience for patients and healthcare providers alike. By providing reliable lab testing results, the organization enables medical professionals to make informed decisions regarding patient care. As a result, Alverno Provena Hospital Laboratories plays a vital role in contributing to the overall improvement of health outcomes within the communities they serve.
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Impact
October, 2024
Alverno Provena Hospital Laboratories Inc significantly impacts the healthcare landscape in Illinois and Indiana by delivering timely and high-quality laboratory testing to 24 not-for-profit hospitals and their affiliates. By prioritizing efficient service provision, Alverno ensures that patients receive accurate diagnoses and treatment options promptly, which is crucial for effective healthcare delivery.
The organization plays a vital role in enhancing the capabilities of faith-based hospitals by expanding the range of laboratory services while keeping costs manageable. This commitment to quality and accessibility not only supports the healthcare needs of local communities but also aligns with their mission of service, reflecting a dedication to both health and faith-based values. Through their efforts, Alverno contributes to improved patient outcomes and fosters a holistic approach to healthcare that prioritizes both physical and spiritual well-being.
This information is meant to be a general summary of Alverno Provena Hospital Laboratories 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: $139,357
- Program Service Revenue: $198,869,421
- Gross Receipts: $200,109,419
Assets and Liabilities:
- Total Assets: $22,784,498
- Total Liabilities: $22,634,498
- Net Assets: $150,000
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LAB SERVICES FOR PATRON HOSPITALS
Revenue
$198,869,421
Organization Details
Founding Year
2005
Phone
(219) 989-3857Principal Officer
Samuel C Terese Jr
Main Address
2434 INTERSTATE PLAZA DRIVE, HAMMOND, IN, 46324
Website
www.alvernolabs.comNTEE Category
Code: E20 - Health
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