Overview
What is Vantage Health Group?
Vantage Health Group, situated in Meadville, Pennsylvania, serves as a nonprofit organization that focuses on providing purchasing discounts to its member hospitals. This strategy is aimed at benefiting these hospitals, enabling them to pass on cost savings to their patients, thereby ensuring they receive quality healthcare at reduced prices. Established with this mission, Vantage Health Group is committed to strengthening the healthcare sector by supporting its primary providers.
Official website here: www.vhcn.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81%, Three-Star out of Four Star rating.
Vantage Health Group has received a solid score of 81%, which reflects its strong accountability and financial health. The organization excels in governance, with a fully independent board and no material diversion of assets, indicating a high level of transparency and ethical management practices. Additionally, it has policies in place for conflicts of interest and whistleblower protections, further enhancing its credibility.
Financial metrics show that Vantage Health Group allocates a significant portion of its budget to programs, with program expenses making up 78.61% of total expenditures. This suggests that the charity is effective in directing resources toward its mission. Their low liabilities to assets ratio of 3.01% demonstrates a sound financial position, providing reassurance to donors about the sustainability of the organization.
While the overall rating is positive, potential donors may want to consider that the score is based solely on the Accountability & Finance beacon. Further information regarding programmatic impact and beneficiary feedback would complete the picture of Vantage Health Group's effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Vantage Health Group legitimate?
Vantage Health Group is a legitimate nonprofit organization registered as a 501(c)(3) entity. Vantage Health Group 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
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For more financial information, click here
Official website here: www.vhcn.com
What is the mission statement of Vantage Health Group?
Vantage Health Group is dedicated to supporting member hospitals by offering purchasing discounts. This initiative allows these hospitals to save costs, enabling them to deliver high-quality healthcare at reduced prices to their patients. Vantage Health Group's main objective is to pass these savings on to the hospitals, thereby enhancing their ability to provide affordable healthcare services. In addition to discounts, the group also provides educational training to its member hospitals.
Official website here: www.vhcn.com
Who is the CEO of Vantage Health Group?
Michael Mosbacher is the Chairperson of Vantage Health Group.
Official website here: www.vhcn.com
What is the revenue of Vantage Health Group?
Vantage Health Group's revenue in 2022 was $729,065.
Official website here: www.vhcn.com
Who are the executives of Vantage Health Group and what are their salaries?
There 7 volunteers at Vantage Health Group.
Here are 9 key members and their salaries:
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- Related: $634,155
- Other: $29,601
- Compensation: $0
- Related: $370,266
- Other: $25,138
Official website here: www.vhcn.com
Where can I find the form 990 for Vantage Health Group?
Vantage Health Group's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.vhcn.com
Learn more at the official website: www.vhcn.com
Mission Statement of Vantage Health Group
Vantage Health Group, as a committed organization, focuses on providing purchasing discounts to its member hospitals. This mission is aimed at enabling these hospitals to pass on these savings to their patients, thereby allowing them to access high-quality healthcare at reduced costs. By offering discounts, Vantage Health Group plays a crucial role in supporting its member hospitals in their quest to provide affordable healthcare services. In addition to providing financial assistance, Vantage Health Group also offers educational training to its member hospitals, equipping them with the necessary tools to effectively utilize these discounts and improve their operations.
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Impact
October, 2024
Vantage Health Group significantly enhances the healthcare landscape by providing purchasing discounts to member hospitals. This initiative allows these hospitals to obtain necessary supplies and services at reduced costs, directly benefiting their operations and financial sustainability. By passing these savings onto patients, Vantage Health Group plays a key role in making quality healthcare more accessible and affordable.
In addition to financial savings, Vantage Health Group offers educational trainings to member hospitals, empowering healthcare providers with the knowledge and skills needed to improve patient care practices. This dual approach—combining financial support with professional development—ensures that hospitals can not only maintain essential services but also elevate the standard of care they provide.
Operating from Meadville, PA, Vantage Health Group's mission drives a positive impact in the health sector, contributing to the overall well-being of communities by enabling hospitals to focus on delivering high-quality medical care without the burden of excessive costs.
This information is meant to be a general summary of Vantage Health Group. 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: $76,897
- Program Service Revenue: $652,168
- Gross Receipts: $729,065
Assets and Liabilities:
- Total Assets: $3,417,435
- Total Liabilities: $43,195
- Net Assets: $3,374,240
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PARTNERSHIP INCOME
Revenue
$652,168
Organization Details
Founding Year
1984
Phone
(814) 337-0000Principal Officer
Michael Mosbacher
Main Address
1305 SOUTH MAIN STREET, MEADVILLE, PA, 16335
Website
www.vhcn.comNTEE Category
Code: E21Z - Health
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