Overview
What is Paoli Memorial Hospital Foundation?
Paoli Memorial Hospital Foundation is a nonprofit organization located in Paoli, Pennsylvania. Its primary objective is to raise funds and disburse grants in alignment with donors' intentions, primarily supporting Main Line Hospitals, Inc.'s Paoli Memorial Hospital. This includes community education, capital purchases, and enhancing various hospital programs such as women's health, oncology, and community health. The foundation's mission involves providing fundraising and development activities to contribute positively to the operations of Paoli Memorial Hospital.
What are the reviews and ratings of this charity?
93%
Paoli Memorial Hospital Foundation has earned a Four-Star out of Four Star rating from Charity Navigator, reflecting a high level of accountability and financial health. The overall score of 93% is based entirely on its accountability and finance metrics, indicating strong governance practices and transparent operations. With an impressive 86% of its board members being independent and a well-structured audit and oversight committee, the foundation demonstrates a commitment to ethical management.
The foundation's financials show a robust program expense ratio of 71.15%, suggesting that a significant portion of its resources is directly allocated to its charitable programs. Additionally, the organization has a favorable liabilities to assets ratio of 3.62%, indicating a stable financial standing and minimal debt. This financial discipline is crucial for sustaining its mission and operations effectively.
However, the fundraising efficiency ratio of $0.311 indicates that the foundation may have room for improvement in terms of fundraising costs relative to the funds raised. Despite this limitation, the foundation's substantial working capital and comprehensive policies regarding conflicts of interest, whistleblower protections, and document retention further strengthen its governance framework. Overall, Paoli Memorial Hospital Foundation is well-regarded for its financial health and accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Paoli Memorial Hospital Foundation legitimate?
Paoli Memorial Hospital Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Paoli Memorial Hospital 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
For more financial information, click here
What is the mission statement of Paoli Memorial Hospital Foundation?
The Paoli Memorial Hospital Foundation's primary role is to provide funding and developmental activities, serving as a crucial support system for Main Line Hospitals, Inc. - Paoli Memorial Hospital. Its mission is centered around raising funds and dispensing grants in alignment with donor intentions. These grants are utilized for various purposes, such as community education, capital purchases, and the enhancement of other hospital programs, including women's health, oncology, and community health. By doing so, the foundation contributes to the overall improvement and advancement of healthcare services provided by Paoli Memorial Hospital.
Who is the CEO of Paoli Memorial Hospital Foundation?
James Paradis is the President & Ex-Officio Trustee of Paoli Memorial Hospital Foundation.
What is the revenue of Paoli Memorial Hospital Foundation?
Paoli Memorial Hospital Foundation's revenue in 2022 was $4,267,378.
Who are the executives of Paoli Memorial Hospital Foundation and what are their salaries?
There 124 volunteers at Paoli Memorial Hospital Foundation.
Here are 33 key members and their salaries:
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Where can I find the form 990 for Paoli Memorial Hospital Foundation?
Paoli Memorial Hospital Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Paoli Memorial Hospital Foundation
The Paoli Memorial Hospital Foundation is an organization dedicated to raising funds and providing developmental support for Main Line Hospitals, Inc., specifically for Paoli Memorial Hospital. Their mission is to channel these resources in alignment with donor intentions, contributing to various initiatives such as community education, capital purchases, and the enhancement of hospital programs. This includes vital sectors like women's health, oncology, and community health. By fulfilling this role, the Paoli Memorial Hospital Foundation plays a significant part in enhancing the overall capabilities and services offered by the hospital.
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Impact
October, 2024
The Paoli Memorial Hospital Foundation plays a vital role in enhancing healthcare services in the community by raising funds and disbursing grants to support Paoli Memorial Hospital. Through targeted fundraising and development activities, the Foundation ensures that critical resources are available for various hospital programs, including women's health, oncology, and community health initiatives.
By aligning its efforts with donor intent, the Foundation supports community education and vital capital purchases that improve patient care and health outcomes. The impact of these activities is felt throughout the community, as they not only enhance the hospital's capabilities but also foster a healthier environment for all residents in Paoli and the surrounding areas. The Foundation's commitment to supporting Paoli Memorial Hospital ultimately leads to improved healthcare accessibility and quality for the entire community.
This information is meant to be a general summary of Paoli Memorial Hospital 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: $815,314
- Gross Receipts: $4,508,752
Assets and Liabilities:
- Total Assets: $29,345,830
- Total Liabilities: $65,730
- Net Assets: $29,280,100
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Organization Details
Founding Year
1986
Phone
(484) 565-1204Principal Officer
James Paradis
Main Address
255 WEST LANCASTER AVENUE, PAOLI, PA, 19301
NTEE Category
Code: E22I - Health
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