Overview
What is Concordia Medical Equipment?
Concordia Medical Equipment (CME) is a nonprofit organization that supplies durable medical equipment and services in Cabot, Pennsylvania. Its primary mission is to serve the aging community, offering high-quality care in a Christian environment. CME works closely with Concordia Lutheran Ministries and related subsidiaries, as well as the broader community, providing equipment for patients with various needs, such as beds, mobility aids, and respiratory care. The organization also offers benevolent care to those unable to pay, rendering $664 worth of services in fiscal year 2022. During the COVID-19 pandemic, CME provided education on related topics and vaccinations, and collaborated with hospice agencies to facilitate compassionate care transitions for patients. With a strong focus on community service, CME has donated supplies and supported various mission events, including initiatives to help neighbors in need and aid Ukrainian refugees.
Official website here: www.concordiamedicalequipment.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
Concordia Medical Equipment has achieved a solid Three-Star rating from Charity Navigator, reflecting an overall score of 81%. This rating is primarily based on the organization's performance in the Accountability & Finance category, which indicates a strong commitment to transparency and responsible financial management. The charity has no reported material diversion of assets and maintains an excellent structure for financial oversight.
The organization scores exceptionally well in several key areas, earning the maximum points for its audit and oversight committee, policies regarding conflicts of interest, whistleblower protections, and document retention. Additionally, Concordia Medical Equipment demonstrates a healthy financial state with a low liabilities to assets ratio and a high program expense ratio, suggesting that a significant portion of its funds is directed towards its mission-related activities.
While the rating is commendable, it is important for potential donors to consider that the score is exclusively based on financial accountability. There may be other aspects of the organization’s performance not captured in this score, such as program effectiveness or community impact, which could be valuable for a comprehensive assessment.
This AI summary has been generated from information found on Charity Navigator.
Is Concordia Medical Equipment legitimate?
Concordia Medical Equipment is a legitimate nonprofit organization registered as a 501(c)(3) entity. Concordia Medical Equipment 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: $150,249
Professional Fundraising Fees: $0
Other Salaries and Wages: $533,811
For more financial information, click here
Official website here: www.concordiamedicalequipment.com
What is the mission statement of Concordia Medical Equipment?
Concordia Medical Equipment's mission is centered around serving the elderly community and those with limited financial resources. They aim to provide a continuum of high-quality caregiving options in a Christian environment. The organization is committed to delivering quality home medical equipment and services, treating each individual with respect, dignity, and compassion. In line with their mission, they also offer benevolent care to those who cannot afford the full cost of their care. For the fiscal year ending in June 2022, they provided $664 worth of services as benevolent care.
Official website here: www.concordiamedicalequipment.com
Who is the CEO of Concordia Medical Equipment?
Keith Frndak is the Principal Officer of Concordia Medical Equipment. The CEO's salary of Concordia Medical Equipment is $110,312 and their total compensation is $125,408.
Official website here: www.concordiamedicalequipment.com
What is the revenue of Concordia Medical Equipment?
Concordia Medical Equipment's revenue in 2022 was $2,791,592.
Official website here: www.concordiamedicalequipment.com
Who are the executives of Concordia Medical Equipment and what are their salaries?
The average compensation at Concordia Medical Equipment during 2022 was $48,861. There are 14 employees and 10 volunteers at Concordia Medical Equipment.
Here are 11 key members and their salaries (Concordia Medical Equipment's CEO's salary is $110,312 and their total compensation is $125,408):
- Compensation: $0
- Related: $1,148,464
- Other: $31,277
- Compensation: $0
- Related: $292,806
- Other: $26,041
- Compensation: $0
- Related: $181,325
- Other: $11,931
- Compensation: $0
- Related: $115,622
- Other: $23,794
- Compensation: $0
- Related: $111,929
- Other: $14,318
- Compensation: $110,312
- Related: $0
- Other: $15,096
- Compensation: $0
- Related: $117,175
- Other: $7,625
- Compensation: $0
- Related: $87,566
- Other: $15,050
- Compensation: $0
- Related: $90,318
- Other: $6,353
- Compensation: $0
- Related: $71,873
- Other: $5,227
- Compensation: $0
- Related: $51,580
- Other: $8,991
Official website here: www.concordiamedicalequipment.com
Where can I find the form 990 for Concordia Medical Equipment?
Concordia Medical Equipment's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.concordiamedicalequipment.com
Learn more at the official website: www.concordiamedicalequipment.com
Mission Statement of Concordia Medical Equipment
Concordia Medical Equipment is committed to serving its aging community with a comprehensive range of high-quality caregiving options. This mission is carried out in an environment that upholds Christian values and extends a helping hand to those with limited financial resources. The organization's primary goal is to deliver top-notch home medical equipment and services with integrity, treating each individual with respect, dignity, and compassion. In line with its mission and vision, Concordia Medical Equipment also provides benevolent care to those who cannot afford the full cost of their care, as demonstrated by the $664 worth of services rendered in the 2022 fiscal year. The organization's mission sets Concordia Medical Equipment apart from many for-profit durable medical equipment companies by prioritizing the needs of its community and the Triune God.
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Impact
October, 2024
Concordia Medical Equipment significantly impacts the aging community by providing a crucial continuum of high-quality caregiving options in a compassionate, faith-driven environment. The organization focuses on delivering essential durable medical equipment and supplies to both residents of its affiliated Concordia Lutheran Ministries and the broader community. This includes specialized services for hospice and palliative care patients, aiming to enable individuals with life-threatening illnesses to remain in their homes as long as possible.
With approximately 49,000 patients served annually, Concordia Medical Equipment plays a vital role in the continuum of care provided across its 11 campuses in Pennsylvania. The robust support network ensures that individuals receive the medical equipment necessary to maintain their safety and independence at home, which is critical for enhancing their quality of life.
In addition to serving individuals with limited financial means, Concordia Medical Equipment provides substantial benevolent care, aiding those unable to afford the full cost of their medical needs. Beyond its operational excellence, the organization also contributes to community health education, focusing on important topics such as home medical equipment safety, COVID-19 prevention, and appropriate discharge procedures from healthcare facilities.
Concordia Medical Equipment's responsiveness during the COVID-19 pandemic showcases its commitment to patient care and community well-being, as it provided vital education and resources to mitigate the spread of the virus. Furthermore, the organization actively engages in disaster relief efforts, collaborating with other nonprofits to support global humanitarian initiatives, such as providing essential supplies to Ukrainian refugees.
Through its unwavering focus on care, compassion, and community service, Concordia Medical Equipment exemplifies a holistic approach to healthcare that prioritizes the needs of individuals and fosters dignity and respect in all interactions.
This information is meant to be a general summary of Concordia Medical Equipment. 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: -$3,058
- Program Service Revenue: $2,628,701
- Gross Receipts: $2,802,807
Assets and Liabilities:
- Total Assets: $1,831,641
- Total Liabilities: $274,527
- Net Assets: $1,557,114
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Medical Equipment Rental
Revenue
$1,643,883
Medical Equipment Sales
Revenue
$985,482
Benevolent Care
Revenue
-$664
Organization Details
Founding Year
2006
Phone
(724) 352-1100Principal Officer
Keith Frndak
Main Address
615 North Pike Road, Cabot, PA, 16023
NTEE Category
Code: E60 - Health
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