Monmouth Ocean Hospital Serv Corp

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 222548916 ✦ Farmingdale, NJ ✦ Designated as a 501(c)(3)

Overview

What is Monmouth Ocean Hospital Serv Corp?

Monmouth Ocean Hospital Serv Corp is a nonprofit organization with a mission to enhance healthcare for over 2.8 million New Jersey residents living in the northern, central, and southern shore areas. By collaborating with fifteen acute care hospitals, they aim to reduce healthcare costs. Their primary services include Mobile Intensive Care (MICU), where paramedics offer advanced life support to patients, regardless of their financial capabilities. Additionally, they provide Basic Life Support and MCCS (Inter-facility advanced life support) services, catering to emergency medical needs. Despite no recent call statistics provided, the organization's vision is to offer top-notch healthcare services to the community. With an employee count of eight, Monmouth Ocean Hospital Serv Corp strives to contribute positively to the healthcare landscape in New Jersey.


Official website here: www.monoc.org

Is Monmouth Ocean Hospital Serv Corp legitimate?

Monmouth Ocean Hospital Serv Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Monmouth Ocean Hospital Serv Corp 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.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $120,943

For more financial information, click here


Official website here: www.monoc.org

What is the mission statement of Monmouth Ocean Hospital Serv Corp?

Monmouth Ocean Hospital Serv Corp's mission is to enhance healthcare for the 2.8 million residents residing in New Jersey's northern, central, and southern shore regions. The organization aims to achieve this by working collaboratively with fifteen acute care hospitals, with the ultimate goal of reducing costs for these hospitals. In addition, the corporation provides various healthcare services, such as mobile intensive care, basic life support, and inter-facility advanced life support, ensuring these services are accessible to all patients, regardless of their ability to pay. The organization's mission is focused on improving healthcare quality and affordability for the community it serves.


Official website here: www.monoc.org

Who is the CEO of Monmouth Ocean Hospital Serv Corp?

Brian Hector is the Cfo of Monmouth Ocean Hospital Serv Corp.


Official website here: www.monoc.org

What is the revenue of Monmouth Ocean Hospital Serv Corp?

Monmouth Ocean Hospital Serv Corp's revenue in 2022 was $1,647,571.


Official website here: www.monoc.org

Who are the executives of Monmouth Ocean Hospital Serv Corp and what are their salaries?

The average compensation at Monmouth Ocean Hospital Serv Corp during 2022 was $15,118. There are 8 employees and 2 volunteers at Monmouth Ocean Hospital Serv Corp.

Here are 4 key members and their salaries:

    Brian Hector (Cfo)
  • Compensation: $214,573
  • Related: $0
  • Other: $38,148

    • David Shotwell (In-House Legal Officer)
  • Compensation: $157,091
  • Related: $0
  • Other: $10,295

    • John Doll (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Richard Hand (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.monoc.org

    Where can I find the form 990 for Monmouth Ocean Hospital Serv Corp?

    The Monmouth Ocean Hospital Serv Corp’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.monoc.org

    Learn more at the official website: www.monoc.org

    Mission Statement of Monmouth Ocean Hospital Serv Corp

    Monmouth Ocean Hospital Serv Corp, as a healthcare cooperative, is committed to enhancing healthcare services for the 2.8 million residents residing in the expansive northern, central, and southern shore regions of New Jersey. The organization's primary goal is to lower costs for the fifteen acute care hospitals that are part of its membership. By leveraging its resources and expertise, Monmouth Ocean Hospital Serv Corp strives to improve healthcare accessibility and affordability for the people it serves.

    In pursuit of its mission, Monmouth Ocean Hospital Serv Corp provides various healthcare services. One of its key offerings is Mobile Intensive Care, which involves paramedics delivering advanced life support to patients, irrespective of their financial capability. Although the organization ceased operations for this service on April 1, 2020, it demonstrates its commitment to ensuring that healthcare remains accessible to all residents in the area. Additionally, Monmouth Ocean Hospital Serv Corp offers Basic Life Support Calls and MCCS Services, both of which involve emergency medical assistance provided to patients regardless of their ability to pay. Despite operations for these services also ceasing in 2020, the organization's historical dedication to providing essential healthcare services is evident.

    In summary, Monmouth Ocean Hospital Serv Corp is a healthcare cooperative that strives to improve healthcare accessibility and affordability for the 2.8 million residents in New Jersey's northern, central, and southern shore areas. By providing various healthcare services, such as Mobile Intensive Care, Basic Life Support Calls, and MCCS Services, Monmouth Ocean Hospital Serv Corp aims to lower costs for the member hospitals and ensure that essential healthcare remains available to all residents, regardless of their financial situation.

    Impact

    This information is meant to be a general summary of Monmouth Ocean Hospital Serv Corp. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Monmouth Ocean Hospital Serv Corp's impact was focused on improving healthcare for the 2.8 million residents residing in the expansive area of New Jersey's northern, central, and southern shore. Additionally, the organization aimed to reduce costs for the fifteen acute care hospitals that were part of the healthcare cooperative. Through initiatives such as MICU services, which provided mobile intensive care for patients, and MCCS services offering advanced life support calls, Monmouth Ocean Hospital Serv Corp sought to ensure access to critical medical services regardless of a patient's ability to pay. However, as operations ceased on April 1, 2020, there was no reported activity in 2022, reflecting the company's dissolution process.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $216,631
  • Program Service Revenue: $739,318
  • Gross Receipts: $1,647,571

    • Assets and Liabilities:
  • Total Assets: $1,108,498
  • Total Liabilities: $212,525
  • Net Assets: $895,973
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    BAD DEBT RECOVERY

    Revenue

    $691,623

    PROGRAM SERVICES

    Revenue

    $47,695

    Organization Details

    Founding Year

    1984

    Principal Officer

    Brian Hector

    Main Address

    PO Box 445, Farmingdale, NJ, 07727

    NTEE Category

    Code: E62 - Health

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