The Medical Center At Ocean Reef Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 237438190 ✦ Key largo, FL ✦ Designated as a 501(c)(3)

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Overview

What is The Medical Center At Ocean Reef Inc?

The Medical Center at Ocean Reef Inc, located beyond explicit mention, is a dedicated nonprofit organization that prioritizes public health. Their primary purpose is to deliver essential medical services, catering to over 4,100 patients in the year ending June 30, 2022. By fulfilling this mission, the organization contributes positively to the community, ensuring access to medical care for a substantial number of individuals.


Official website here: www.mcor.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 87% (Three-Star out of Four Stars)

The Medical Center At Ocean Reef Inc has received a Three-Star rating from Charity Navigator, indicating a solid performance in accountability and finance. The charity's score is based entirely on its accountability and finance metrics, reflecting a strong commitment to transparency and responsible financial management. The organization boasts a perfect score for having an entirely independent board, which suggests effective governance and oversight.

Strengths of the organization include a high program expense ratio of 75.09%, ensuring that a significant portion of its resources is directed toward its mission. Additionally, all necessary policies related to conflict of interest, whistleblower protections, and document retention are in place, contributing to an overall strong accountability framework. The charity has also maintained good practices around financial oversight and reporting.

Despite its strengths, the organization faces a challenge with a liabilities to assets ratio of 61.92%, which could indicate potential financial strain. While this is a noteworthy aspect, overall, The Medical Center At Ocean Reef Inc demonstrates a commendable level of accountability and financial health, making it a reliable choice for donors looking to support a nonprofit organization.


This AI summary has been generated from information found on Charity Navigator.

Is The Medical Center At Ocean Reef Inc legitimate?

The Medical Center At Ocean Reef Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Medical Center At Ocean Reef Inc 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: $3,226,962

For more financial information, click here


Official website here: www.mcor.org

What is the mission statement of The Medical Center At Ocean Reef Inc?

The Medical Center At Ocean Reef Inc is committed to serving the public by providing essential medical services. Accordingly, they attended to over 4,100 patients during the fiscal year ending on June 30, 2022. The center's mission is centered around delivering healthcare solutions to the general public, demonstrating their dedication to promoting health and wellbeing in their community. While specific details about the scope or specialties of these services are not provided, it can be inferred that they offer a broad range of medical care to cater to various patient needs.


Official website here: www.mcor.org

Who is the CEO of The Medical Center At Ocean Reef Inc?

William Keith Young is the Representative of The Medical Center At Ocean Reef Inc. The CEO's salary of The Medical Center At Ocean Reef Inc is $231,398 and their total compensation is $256,552.


Official website here: www.mcor.org

What is the revenue of The Medical Center At Ocean Reef Inc?

The Medical Center At Ocean Reef Inc's revenue in 2022 was $6,940,801.


Official website here: www.mcor.org

Who are the executives of The Medical Center At Ocean Reef Inc and what are their salaries?

The average compensation at The Medical Center At Ocean Reef Inc during 2022 was $89,638. There are 36 employees at The Medical Center At Ocean Reef Inc.


Here are 24 key members and their salaries (The Medical Center At Ocean Reef Inc's CEO's salary is $231,398 and their total compensation is $256,552):


Dan Harding (Representative)
  • Compensation: $0
  • Related: $0
  • Other: $0
George Aronoff (Ex Officio)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Loomis (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Adelaid Skoglund (Representative)
  • Compensation: $0
  • Related: $0
  • Other: $0
Harold Brewer (Vice Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paul Bishop (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sarina Kinney (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tom Davidson (Representative)
  • Compensation: $0
  • Related: $0
  • Other: $0
Norman Scott (Ex Officio)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael B Berman (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dominic Di Napoli (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rudy Schupp (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Laurel Young (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael T Fay (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brian Keeley (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
William U Parfet (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Wm Pack St Clair Jr (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Anne R Lovett (Representative)
  • Compensation: $0
  • Related: $0
  • Other: $0
C Raymond Larkin (Representative)
  • Compensation: $0
  • Related: $0
  • Other: $0
William Keith Young (Asst. Sec/Treasurer/Ceo)
  • Compensation: $231,398
  • Related: $0
  • Other: $25,154
Rene Fernandez (Physician)
  • Compensation: $257,197
  • Related: $0
  • Other: $20,221
Carlos Smith (Physician)
  • Compensation: $236,296
  • Related: $0
  • Other: $19,714
Suzanne Romeo (Physician)
  • Compensation: $292,728
  • Related: $0
  • Other: $0
Richard Baxley (Physician)
  • Compensation: $229,769
  • Related: $0
  • Other: $0


Official website here: www.mcor.org

Where can I find the form 990 for The Medical Center At Ocean Reef Inc?

The Medical Center At Ocean Reef Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.mcor.org

Learn more at the official website: www.mcor.org

Mission Statement of The Medical Center At Ocean Reef Inc

The Medical Center at Ocean Reef Inc is committed to fulfilling its mission by providing essential medical services to the public. This nonprofit organization serves a significant number of individuals, with over 4,100 patients being attended to during the year ending June 30, 2022. The Medical Center at Ocean Reef Inc plays a crucial role in the community, offering medical care and assistance to those in need. By providing these services, the organization demonstrates its dedication to improving the health and well-being of the people it serves.

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Impact




October, 2024

The Medical Center at Ocean Reef Inc significantly impacts the community in Key Largo, Florida, by delivering essential medical services to the public. In the year ending June 30, 2022, the center served over 4,100 patients, addressing a wide range of health needs and contributing to the overall well-being of the population. This local healthcare facility plays a crucial role in ensuring access to medical care, enhancing the health outcomes of the community it serves. By fulfilling its mission, The Medical Center at Ocean Reef fosters a healthier community and supports residents in maintaining their health and wellness.




This information is meant to be a general summary of The Medical Center At Ocean Reef Inc. 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.

Revenue
$6,940,801 (2022)
Expenses
$7,237,446 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Program Service Revenue: $3,451,385
  • Gross Receipts: $6,940,801

Assets and Liabilities:

  • Total Assets: $2,623,807
  • Total Liabilities: $1,609,741
  • Net Assets: $1,014,066

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

PATIENT SERVICES

Revenue

$3,451,385

Organization Details

Founding Year

1974

Principal Officer

William Keith Young

Main Address

50 BARRACUDA LANE, KEY LARGO, FL, 33037

NTEE Category

Code: E22 - Health

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