Overview
What is Main Line Health System?
Main Line Health System is a Pennsylvania-based nonprofit corporation headquartered in Newtown Square, serving as the corporate holding company for Main Line Health and its affiliated healthcare organizations. These subsidiaries include Main Line Hospitals, Riddle Memorial Hospital, Mirmont Alcohol Rehabilitation Center, Lankenau Institute for Medical Research, Main Line Health Homecare and Hospice, and more. Main Line Health System is the sole obligor of certain bond indebtedness for the health system, and while it does not directly provide medical services, its role is crucial in managing and supporting the various healthcare entities under its umbrella.
Official website here: www.mainlinehealth.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
Main Line Health System has received a Three-Star rating from Charity Navigator, reflecting a solid accountability and finance score of 81%. This rating is primarily based on the organization’s commitment to transparency and effective governance. Key strengths include a fully independent board, with 84% of members meeting this criterion, and thorough financial oversight evidenced by a perfect score in their audit and oversight committee.
The organization demonstrates a strong focus on maintaining rigorous policies, such as conflict of interest and whistleblower protections, which are crucial for ethical operations. Additionally, their program expense ratio is remarkable, indicating that nearly all funds are directed towards program activities, showcasing their commitment to their mission and beneficiaries.
While the 81% score is commendable, it suggests there may still be areas for improvement. Future evaluations could benefit from a broader assessment beyond just accountability and finance to provide a more comprehensive picture of Main Line Health System's overall impact and effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Main Line Health System legitimate?
Main Line Health System is a legitimate nonprofit organization registered as a 501(c)(3) entity. Main Line Health System 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
Official website here: www.mainlinehealth.org
What is the mission statement of Main Line Health System?
Main Line Health System serves as the corporate holding company for Main Line Health and its affiliates, overseeing their operations and assuming certain bond indebtedness. Although Main Line Health System itself does not provide medical services, it plays a crucial role in the healthcare sector through its connection to various organizations. These affiliated entities include Main Line Hospitals, Riddle Memorial Hospital, Mirmont Alcohol Rehabilitation Center, Lankenau Institute for Medical Research, Main Line Health Homecare and Hospice, and others. The company's purpose is to support and manage these healthcare providers to ensure the delivery of quality healthcare services.
Official website here: www.mainlinehealth.org
Who is the CEO of Main Line Health System?
Michael J Buongiorno is the President, Ceo & Trustee of Main Line Health System. The CEO's salary of Main Line Health System is $0 and their total compensation is $4,383,034.
Official website here: www.mainlinehealth.org
What is the revenue of Main Line Health System?
Main Line Health System's revenue in 2022 was $18,608,034.
Official website here: www.mainlinehealth.org
Who are the executives of Main Line Health System and what are their salaries?
There 19 volunteers at Main Line Health System.
Here are 27 key members and their salaries (Main Line Health System's CEO's salary is $0 and their total compensation is $4,383,034):
- Compensation: $0
- Related: $3,879,228
- Other: $503,806
- Compensation: $0
- Related: $998,977
- Other: $159,257
- Compensation: $0
- Related: $675,221
- Other: $143,996
- Compensation: $0
- Related: $225,540
- Other: $0
- Compensation: $0
- Related: $126,995
- Other: $26,655
- Compensation: $0
- Related: $44,983
- Other: $0
- Compensation: $0
- Related: $25,480
- Other: $0
- Compensation: $0
- Related: $9,000
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Compensation: $0
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- Compensation: $0
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- Compensation: $0
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- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.mainlinehealth.org
Where can I find the form 990 for Main Line Health System?
Main Line Health System's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mainlinehealth.org
Learn more at the official website: www.mainlinehealth.org
Mission Statement of Main Line Health System
Main Line Health System, a Pennsylvania-based non-profit corporation, serves as the corporate holding company for Main Line Health and its subsidiaries. This entity is solely responsible for the bond indebtedness of the health system. While Main Line Health System itself does not provide medical services, it plays a crucial role in overseeing various healthcare organizations under its umbrella.
Some of the affiliated healthcare organizations under Main Line Health System include Main Line Hospitals, Riddle Memorial Hospital, Mirmont Alcohol Rehabilitation Center, Lankenau Institute for Medical Research, Main Line Health Homecare and Hospice, and others, as noted in Form 990 Schedule R. These organizations collectively contribute to the delivery of comprehensive healthcare services to their communities. Main Line Health System's mission revolves around its role as the central hub, ensuring the financial stability and coordination of these healthcare entities.
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Impact
October, 2024
Main Line Health System plays a crucial role in the health care landscape of Pennsylvania, serving as the corporate holding company for Main Line Health and its affiliated organizations. Based in Newtown Square, PA, it operates several subsidiary entities, including hospitals, rehabilitation centers, and home health services, thereby enhancing the availability and quality of health care in the region.
Through its oversight of Main Line Health, Inc. and various specialized organizations like Lankenau Institute for Medical Research and Mirmont Alcohol Rehabilitation Center, the health system supports a comprehensive network of medical services. This integration fosters collaborative care, enhances resource sharing, and drives innovation in patient treatment and health care delivery.
Moreover, Main Line Health System's financial stewardship, particularly its role as the sole obligor of certain bond indebtedness, enables the continuous investment in health infrastructure, technology, and community health initiatives. By prioritizing health access and quality, it significantly impacts local communities, addressing health disparities and promoting well-being across diverse populations.
In essence, Main Line Health System is a pivotal entity in shaping health care outcomes in its vicinity, focusing on enhancing patient care, facilitating research, and providing essential services that meet the needs of the community.
This information is meant to be a general summary of Main Line Health System. 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: $18,426,917
- Gross Receipts: $18,608,034
Assets and Liabilities:
- Total Assets: $624,910,451
- Total Liabilities: $624,554,578
- Net Assets: $355,873
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Organization Details
Founding Year
1995
Phone
(484) 337-1864Principal Officer
Michael J Buongiorno
Main Address
3803 WEST CHESTER PIKE SUITE 250, NEWTOWN SQUARE, PA, 19073
Website
www.mainlinehealth.orgNTEE Category
Code: E210 - Health
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