Overview
What is North Central Texas Medical Foundation?
The North Central Texas Medical Foundation is a nonprofit organization dedicated to strategically funding charities and foundations that enhance the medical community. They offer scholarships in the Wichita Falls area and through the Wichita County Medical Society, aiming to support their mission. The foundation also focuses on training family physicians to integrate advanced science, technology, compassion, and insight into their practice. Furthermore, they are committed to promoting and delivering high-quality medical education, ensuring the continuous development of the medical field.
What are the reviews and ratings of this charity?
Charity Navigator Rating: One-Star out of Four Stars (54%)
The North Central Texas Medical Foundation has received a One-Star rating from Charity Navigator, reflecting a score of 54%. This rating is primarily based on the organization's Accountability & Finance metrics, which highlight both strengths and weaknesses in its financial practices. While the foundation excels in governance with a fully independent board and effective policy implementations, concerns arise from its program expense ratio and liabilities to assets ratio, which significantly hamper its overall score.
Strengths of the organization include strong governance practices, such as having a majority of independent board members and well-documented policies regarding conflicts of interest and whistleblower protections. These factors indicate a commitment to ethical management and transparency. However, the foundation's program expense ratio, which stands at 17.88%, suggests that a minimal portion of its expenses is directed toward its programs, which might limit its effectiveness in fulfilling its mission.
Furthermore, the organization has a high liabilities to assets ratio of 7.91%, indicating financial risk that could affect its stability and ability to sustain operations in the long run. Overall, while the foundation demonstrates strong accountability measures, significant challenges in financial management are evident, warranting caution for potential donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is North Central Texas Medical Foundation legitimate?
North Central Texas Medical Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. North Central Texas Medical 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
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What is the mission statement of North Central Texas Medical Foundation?
The North Central Texas Medical Foundation's mission is centered around strategic funding of charities and foundations that contribute to the medical community. They also offer scholarships in specific areas, such as Wichita Falls and Wichita County, to further their mission. The foundation is committed to training family physicians, equipping them with the necessary skills to blend advanced science, technology, compassion, and insight in their practice. Additionally, the North Central Texas Medical Foundation prioritizes providing and promoting high-quality medical education.
Who is the CEO of North Central Texas Medical Foundation?
Dan R Bartel Md is the Secretary/Treasuer of North Central Texas Medical Foundation.
What is the revenue of North Central Texas Medical Foundation?
North Central Texas Medical Foundation's revenue in 2022 was $65,109.
Who are the executives of North Central Texas Medical Foundation and what are their salaries?
There 4 volunteers at North Central Texas Medical Foundation.
Here are 4 key members and their salaries:
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Where can I find the form 990 for North Central Texas Medical Foundation?
North Central Texas Medical Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of North Central Texas Medical Foundation
The North Central Texas Medical Foundation is committed to a mission that encompasses several key areas. Primarily, it aims to strategically fund charities and foundations that contribute to the advancement of the medical community. Beyond this, the organization provides scholarships in the Wichita Falls area and through the Wichita County Medical Society, with the intention of furthering the mission of the North Central Texas Medical Foundation.
Furthermore, this nonprofit organization is dedicated to training family physicians in the art of blending cutting-edge science and technology with compassion, care, and insight. This holistic approach to medical education is a cornerstone of the foundation's mission. In addition to funding and education, the North Central Texas Medical Foundation also strives to promote medical education, demonstrating its commitment to the ongoing development of the medical field.
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Impact
August, 2024
North Central Texas Medical Foundation's impact is profound in the medical community, as it strategically funds charities and foundations that further medical education. By providing scholarships in the Wichita Falls area and through the Wichita County Medical Society, the foundation is able to support individuals who are passionate about advancing in the medical field. Additionally, the foundation works to train family physicians in essential skills, ensuring they can effectively utilize cutting-edge science and technology while maintaining a compassionate and empathetic approach to patient care. Through their commitment to promoting and providing quality medical education, North Central Texas Medical Foundation plays a key role in shaping the future of healthcare in the region.
This information is meant to be a general summary of North Central Texas Medical 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: $65,109
- Gross Receipts: $638,168
Assets and Liabilities:
- Total Assets: $964,507
- Total Liabilities: $76,384
- Net Assets: $888,123
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Organization Details
Founding Year
1973
Phone
(940) 767-5142Principal Officer
Dan R Bartel Md
Main Address
1301 3RD STREET, WICHITA FALLS, TX, 76301
NTEE Category
Code: E99Z - Health
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