Overview
What is Torch Foundation?
The Torch Foundation, located in Round Rock, Texas, is a nonprofit organization that focuses on enhancing rural healthcare facilities. They achieve this by equipping these facilities with essential telecommunications equipment and services, enabling them to leverage telemedicine. Their primary mission is to provide secure telecommunications services to rural and community hospitals across the state, thereby advancing healthcare in these areas. The foundation's work contributes to improved healthcare accessibility in rural communities, ensuring that residents have better health outcomes and medical support.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 0 Stars
The Torch Foundation has received a 47% score from Charity Navigator, leading to a Zero-Star out of Four Star rating. This rating underscores significant concerns regarding the organization's accountability and financial practices. The score reflects a lack of independent board members and missing financial statements, which are critical for transparency and trust among donors and beneficiaries alike.
Strengths include a high program expense ratio of 99.59%, suggesting that nearly all of the organization's funds are directed towards its programs rather than administrative costs. However, this strength is overshadowed by multiple shortcomings in governance, such as the absence of policies for conflict of interest, whistleblower protections, and document retention. Additionally, the charity's website is not listed on its tax form, further complicating accountability.
Overall, while the Torch Foundation demonstrates a commitment to channeling funds into its programs, the absence of basic governance standards and transparency leads to serious concerns about its operational integrity. Potential donors should weigh these factors carefully before contributing.
This AI summary has been generated from information found on Charity Navigator.
Is Torch Foundation legitimate?
Torch Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Torch Foundation 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
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What is the mission statement of Torch Foundation?
The Torch Foundation is committed to providing secure telecommunications services to rural and community hospitals. Their mission, in essence, is to equip these healthcare facilities with the necessary telecommunications equipment and services, thereby enabling them to progress in healthcare through telemedicine. This service enhancement is crucial in addressing healthcare needs in remote areas, thereby improving overall healthcare delivery.
Who is the CEO of Torch Foundation?
Quang Ngo is the Chairman of Torch Foundation. The CEO's salary of Torch Foundation is $0 and their total compensation is $0.
What is the revenue of Torch Foundation?
Torch Foundation's revenue in 2022 was $1,022,293.
Who are the executives of Torch Foundation and what are their salaries?
Here are 8 key members and their salaries (Torch Foundation's CEO's salary is $0 and their total compensation is $0):
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Where can I find the form 990 for Torch Foundation?
Torch Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Torch Foundation
The Torch Foundation, as its name suggests, is committed to providing secure telecommunications services to rural and community hospitals across the state. Its mission is centered around equipping these healthcare facilities with the necessary telecommunications equipment and services, enabling them to progress in the realm of healthcare through telemedicine. By doing so, the Torch Foundation aims to bridge the gap in healthcare accessibility for residents living in remote areas, ultimately improving overall health outcomes.
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Impact
October, 2024
Torch Foundation significantly enhances the delivery of healthcare in rural and community hospitals by supplying secure telecommunications services. By equipping these facilities with advanced telecommunications technology, Torch Foundation enables the integration of telemedicine, which is essential for improving access to medical care in underserved areas. This initiative is vital for fostering better health outcomes, allowing healthcare providers to connect with patients remotely, share crucial medical information, and collaborate with specialists, ultimately strengthening the healthcare infrastructure in Texas. Through its efforts in Round Rock, TX, Torch Foundation is making a lasting impact on the quality and accessibility of healthcare for rural populations.
This information is meant to be a general summary of Torch Foundation. 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: $42,892
- Gross Receipts: $1,022,293
Assets and Liabilities:
- Total Assets: $1,488,186
- Total Liabilities: $0
- Net Assets: $1,488,186
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Organization Details
Phone
(512) 873-0045Principal Officer
Quang Ngo
Main Address
3309 FOREST CREEK DRIVE 305, ROUND ROCK, TX, 78664
NTEE Category
Code: E60 - Health
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