Overview
What is Major Hospital Foundation?
The Major Hospital Foundation is a nonprofit organization located in Shelbyville, Indiana, with a focus on supporting the Major Hospital Medical Center and related initiatives. They primarily aid in financing the acquisition of medical technology and equipment, capital projects, patient support, and education for their staff and community. Throughout 2022, they granted funds for the construction of the Sue Ann Wortman Nephrology Center, provided resources for a new oncology display wall, and assisted patients in paying for their healthcare premiums. With a small team of three dedicated individuals, the Major Hospital Foundation plays a significant role in enhancing healthcare services and support within their community.
Official website here: www.mymhp.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86%, Three-Star out of Four Star rating.
The Major Hospital Foundation has been awarded a Three-Star rating from Charity Navigator, reflecting its overall strong performance in accountability and finance with a score of 86%. This rating indicates a reliable level of transparency and effective management practices, which can inspire confidence among potential donors and stakeholders. The foundation has demonstrated a solid commitment to governance, as evidenced by having 81% independent board members and a comprehensive oversight structure.
Strengths of the Major Hospital Foundation include a well-formed independent board and thorough financial oversight, as shown by its perfect scores in various governance policies such as conflict of interest and whistleblower policies. The foundation’s financial health is further evidenced by a low liabilities-to-assets ratio of 1.40%, signaling prudent financial management. Additionally, a significant portion of its expenses is allocated toward programs, with a program expense ratio of 61.86%, although this could be improved for a higher score in this area.
However, while the foundation shows strong governance practices, its program expense ratio indicates that there is room for growth in its programmatic spending. This suggests that while the organization is effectively managing its resources, a greater investment in its core mission activities may be beneficial for maximizing its impact within the community it serves.
This AI summary has been generated from information found on Charity Navigator.
Is Major Hospital Foundation legitimate?
Major Hospital Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Major 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: $123,309
Professional Fundraising Fees: $0
Other Salaries and Wages: $61,713
For more financial information, click here
Official website here: www.mymhp.org
What is the mission statement of Major Hospital Foundation?
The Major Hospital Foundation's mission is centered around supporting the Major Hospital Medical Center and organizations aligned with its mission. Their primary objective is to assist in financing vital purchases such as medical technology and equipment, capital projects, patient support and aid, and education for both their staff and the community. The foundation plays a crucial role in enhancing the hospital's capabilities, assisting patients in need, and promoting knowledge within the medical field. In 2022, the foundation provided financial support for the construction of the Sue Ann Wortman Nephrology Center and a new oncology display wall, among other initiatives.
Official website here: www.mymhp.org
Who is the CEO of Major Hospital Foundation?
John M Horner is the CEO of Major Hospital Foundation The CEO's salary of Major Hospital Foundation is $0 and their total compensation is $636,867.
Official website here: www.mymhp.org
What is the revenue of Major Hospital Foundation?
Major Hospital Foundation's revenue in 2023 was $1,340,440.
Official website here: www.mymhp.org
Who are the executives of Major Hospital Foundation and what are their salaries?
The average compensation at Major Hospital Foundation during 2023 was $46,256. There are 4 employees and 40 volunteers at Major Hospital Foundation.
Here are 14 key members and their salaries (Major Hospital Foundation's CEO's salary is $0 and their total compensation is $636,867):
- Compensation: $0
- Related: $352,278
- Other: $43,381
- Compensation: $0
- Related: $6,000
- Other: $0
- Compensation: $0
- Related: $593,283
- Other: $43,584
- Compensation: $0
- Related: $198,479
- Other: $28,566
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $7,200
- Other: $0
- Compensation: $34,331
- Related: $0
- Other: $9,935
- Compensation: $78,981
- Related: $0
- Other: $82
Official website here: www.mymhp.org
Where can I find the form 990 for Major Hospital Foundation?
Major Hospital Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.mymhp.org
Learn more at the official website: www.mymhp.org
Mission Statement of Major Hospital Foundation
The Major Hospital Foundation is dedicated to supporting the Major Hospital Medical Center, organizations aligned with its mission, and its patients. Its mission involves providing financial assistance for the procurement of medical technology and equipment, capital projects, patient support and aid, and education for its staff and the wider community. Through its initiatives, the foundation aims to enhance the capabilities and services of the Major Hospital Medical Center, while also assisting patients in need and promoting educational opportunities for its staff and the community at large. In 2022, the foundation demonstrated its commitment by granting funds for the construction of the Sue Ann Wortman Nephrology Center and contributing to the payment of health insurance premiums for patients who couldn't afford them.
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Impact
October, 2024
Major Hospital Foundation significantly enhances healthcare services in Shelbyville, IN, by financing critical projects and resources that directly benefit patients and the medical community. In 2022, the Foundation allocated $100,000 to support the construction of the Sue Ann Wortman Nephrology Center, improving access to specialized kidney care. Additionally, funds from the Marilyn Joyce Rumpel Fund provided $11,463 for a new oncology display wall, enhancing the patient experience in cancer care.
The Foundation also addresses immediate financial needs by disbursing $15,701 from the Compton Fund to cover healthcare premiums for patients who cannot afford them. These contributions not only advance medical technology and infrastructure but also ensure that essential resources and education are available to both staff and the community, reinforcing the Foundation's commitment to the health and well-being of all individuals served by Major Hospital.
This information is meant to be a general summary of Major 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 2023.
- Investment Income: $187,442
- Gross Receipts: $9,646,417
Assets and Liabilities:
- Total Assets: $7,738,639
- Total Liabilities: $108,996
- Net Assets: $7,629,643
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Organization Details
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