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
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Monmouth Ocean Hospital Serv Corp has received a two-star rating from Charity Navigator, with an overall score of 74%. The organization excels in accountability and finance, achieving a perfect score in this area, indicating strong governance practices. It has an independent board comprised entirely of independent members, showcasing commitment to transparency and ethical management.
However, the nonprofit faces significant challenges in financial reporting, as indicated by a score of zero for its financial statements. This lack of transparency in financial documentation could raise concerns for potential donors and stakeholders. While it has a solid program expense ratio of 73.80%, the absence of posted tax forms and a proper board size detracts from its overall rating.
In summary, while the organization demonstrates strong governance and effective program spending, the deficiencies in financial documentation and transparency may hinder its credibility and trustworthiness among potential supporters. Addressing these limitations could significantly enhance its rating and public perception.
This AI summary has been generated from information found on Charity Navigator.
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.
Heare 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:
- Compensation: $214,573
- Related: $0
- Other: $38,148
- Compensation: $157,091
- Related: $0
- Other: $10,295
- Compensation: $0
- Related: $0
- Other: $0
- 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?
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.
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Impact
October, 2024
Monmouth Ocean Hospital Serv Corp has made significant contributions to healthcare in New Jersey's northern, central, and southern shore regions, benefiting approximately 2.8 million residents. Its primary focus has been to enhance healthcare delivery while simultaneously working to lower operational costs for the fifteen acute care hospitals within its cooperative.
Through its MICU Services, the organization aimed to provide mobile intensive care, ensuring that paramedics could deliver advanced life support to patients wherever they were needed, regardless of their financial circumstances. This service was especially crucial for those requiring immediate and critical medical assistance. However, it is important to note that operations for these essential services ceased on April 1, 2020, resulting in no calls made in 2022.
Similarly, the Basic Life Support and MCCS Services, which offered crucial emergency medical care and inter-facility transport, were also halted, leaving a gap in advanced emergency response capabilities that had once been available to the community.
Despite the cessation of operations, the organization's overarching mission to improve healthcare accessibility and efficacy for the local population remains an important aspect of its legacy. The efforts made by Monmouth Ocean Hospital Serv Corp continue to highlight the ongoing need for collaborative healthcare initiatives in the region.
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.
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: $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
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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
Phone
(732) 223-2006Principal Officer
Brian Hector
Main Address
PO Box 445, Farmingdale, NJ, 07727
Website
www.monoc.orgNTEE Category
Code: E62 - Health
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