Overview
What is Clinical Pathology Institute Cooperative Inc?
Clinical Pathology Institute Cooperative Inc is a nonprofit organization based in Erie, Pennsylvania, specifically at 1526 Peach Street. Their primary mission is to operate on-site hospital laboratories on a cooperative basis for their tax-exempt hospital member institutions. Beyond laboratory services, they also provide various additional support services such as record maintenance, data processing, warehousing, billing and collections, financial management, and personnel services, including training. These cooperative efforts aim to enhance the overall efficiency and effectiveness of their member hospitals.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79%, Three-Star out of Four Star Rating
The Clinical Pathology Institute Cooperative Inc has earned a 79% score from Charity Navigator, reflecting a commendable level of accountability and financial transparency. The organization boasts an entirely independent board, which is essential for governance and oversight, and it has successfully implemented policies to address conflicts of interest and whistleblower protections.
Strengths highlighted in the rating include a high program expense ratio of 81.59%, indicating that a significant portion of its budget is directed toward its programs rather than administrative costs. The institute also demonstrates a strong commitment to asset management with a liabilities to assets ratio of 46.90%, suggesting a solid financial footing.
While the organization shows strong governance and financial management, ongoing transparency and effectiveness in program delivery will be essential for maintaining and improving its rating in future assessments. The overall metrics indicate that the Clinical Pathology Institute Cooperative Inc is operating effectively within its mission, but continued vigilance in financial practices and program impact will be necessary.
This AI summary has been generated from information found on Charity Navigator.
Is Clinical Pathology Institute Cooperative Inc legitimate?
Clinical Pathology Institute Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Clinical Pathology Institute Cooperative 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: $635,647
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What is the mission statement of Clinical Pathology Institute Cooperative Inc?
Clinical Pathology Institute Cooperative Inc's primary mission is to operate on-site hospital laboratories on a cooperative basis for tax-exempt hospitals. The organization provides additional services such as record maintenance, data processing, warehousing, billing/collection, financial management, and personnel services, including training, to its hospital member institutions. By offering these comprehensive services, Clinical Pathology Institute Cooperative Inc aims to support its hospital member organizations in delivering efficient and effective laboratory services to their patients.
Who is the CEO of Clinical Pathology Institute Cooperative Inc?
Stephen Ingram is the Board Member/Treasurer of Clinical Pathology Institute Cooperative Inc.
What is the revenue of Clinical Pathology Institute Cooperative Inc?
Clinical Pathology Institute Cooperative Inc's revenue in 2022 was $1,264,694.
Who are the executives of Clinical Pathology Institute Cooperative Inc and what are their salaries?
There 6 volunteers at Clinical Pathology Institute Cooperative Inc.
Here are 6 key members and their salaries:
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Where can I find the form 990 for Clinical Pathology Institute Cooperative Inc?
Clinical Pathology Institute Cooperative Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Clinical Pathology Institute Cooperative Inc
Clinical Pathology Institute Cooperative Inc, as a cooperative entity, is primarily focused on supporting tax-exempt hospitals by operating on-site laboratories on their premises. This collaborative approach allows the institution to provide essential laboratory services to its hospital member organizations. Beyond this operational role, Clinical Pathology Institute Cooperative Inc also offers a range of additional services. These include record maintenance, data processing, warehousing, billing and collection, financial management, and personnel services, including training. By providing these comprehensive support services, the institute aims to enhance the overall efficiency and effectiveness of its hospital member organizations.
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Impact
October, 2024
Clinical Pathology Institute Cooperative Inc significantly enhances the operational efficiency and effectiveness of tax-exempt hospitals by providing essential laboratory services on a cooperative basis. By managing on-site hospital laboratories, the institute ensures that its member hospitals can deliver timely and accurate diagnostic testing, which is crucial for patient care.
In addition to laboratory operations, the institute offers a suite of support services including record maintenance, data processing, and financial management, allowing member hospitals to streamline their administrative functions. This comprehensive approach not only reduces costs but also improves the quality of care by enabling hospitals to focus more on patient services rather than operational burdens.
Furthermore, the provision of personnel services, including training, equips hospital staff with the skills necessary to operate efficiently in a complex healthcare environment. This capacity building fosters a more knowledgeable workforce, ultimately benefiting both healthcare providers and patients within the community.
Overall, Clinical Pathology Institute Cooperative Inc plays a vital role in enhancing healthcare delivery for its member hospitals, contributing to better patient outcomes and greater efficiency in healthcare services.
This information is meant to be a general summary of Clinical Pathology Institute Cooperative 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $1,264,694
- Gross Receipts: $1,264,694
Assets and Liabilities:
- Total Assets: $1,913,499
- Total Liabilities: $763,357
- Net Assets: $1,150,142
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LABORATORY TESTING
Revenue
$1,264,694
Organization Details
Founding Year
1988
Phone
(814) 461-2400Principal Officer
Stephen Ingram
Main Address
1526 PEACH STREET, ERIE, PA, 16501
NTEE Category
Code: E21Z - Health
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