Overview
What is Northwell Health Alliance Inc?
Northwell Health Alliance Inc functions as a group purchasing cooperative exclusively for tax-exempt hospitals under section 501(c)(3) of the Internal Revenue Code. The organization facilitates cost savings and efficient procurement for its member hospitals by pooling their resources and negotiating favorable contracts for goods and services. By collaborating, Northwell Health Alliance Inc enables its members to benefit from collective buying power and enhance their operational efficiencies.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Stars)
Northwell Health Alliance Inc has received a Three-Star rating from Charity Navigator, reflecting a solid score of 79%. This rating is based entirely on their Accountability & Finance metrics, indicating that the organization has demonstrated a commendable level of financial responsibility and transparency. The absence of any material diversion of assets and comprehensive financial oversight suggests that the organization is well-managed in terms of fiscal integrity.
The organization has established several robust governance policies, including a conflict of interest policy and a whistleblower policy, both of which contribute positively to their accountability framework. Additionally, Northwell Health Alliance Inc shows a high program expense ratio at 89.58%, meaning a significant portion of their funds is directed toward programs rather than administrative costs, which is a positive indicator for donors seeking effective organizations.
However, while the financial and accountability aspects are commendable, the rating reflects solely these factors without assessing programmatic impact or community feedback. Future evaluations could benefit from a more comprehensive review of the organization's initiatives and their outcomes to provide a fuller picture of their effectiveness in the community.
This AI summary has been generated from information found on Charity Navigator.
Is Northwell Health Alliance Inc legitimate?
Northwell Health Alliance Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Northwell Health Alliance 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: $930,136
Professional Fundraising Fees: $0
Other Salaries and Wages: $9,876,224
For more financial information, click here
What is the mission statement of Northwell Health Alliance Inc?
Northwell Health Alliance Inc serves as a group purchasing cooperative for its tax-exempt member hospitals under section 501(c)(3) of the Internal Revenue Code. The organization's primary role is to facilitate cost savings and efficiency for its hospital members by leveraging collective purchasing power. Through this cooperative model, Northwell Health Alliance Inc aims to enhance the operational capabilities and financial stability of its member hospitals. By working together, these hospitals can negotiate favorable contracts and prices for various goods and services, ultimately improving their ability to deliver quality healthcare to their communities.
Who is the CEO of Northwell Health Alliance Inc?
Donna Drummond is the Svp, Shared Services of Northwell Health Alliance Inc.
What is the revenue of Northwell Health Alliance Inc?
Northwell Health Alliance Inc's revenue in 2022 was $19,760,829.
Who are the executives of Northwell Health Alliance Inc and what are their salaries?
The average compensation at Northwell Health Alliance Inc during 2022 was $72,042. There are 150 employees at Northwell Health Alliance Inc.
Here are 14 key members and their salaries:
- Compensation: $0
- Related: $5,200,818
- Other: $67,443
- Compensation: $0
- Related: $3,797,212
- Other: $61,175
- Compensation: $0
- Related: $1,669,901
- Other: $47,784
- Compensation: $0
- Related: $1,581,808
- Other: $75,053
- Compensation: $0
- Related: $1,416,560
- Other: $75,114
- Compensation: $0
- Related: $1,222,834
- Other: $75,114
- Compensation: $0
- Related: $1,150,407
- Other: $63,166
- Compensation: $930,136
- Related: $0
- Other: $61,459
- Compensation: $517,204
- Related: $0
- Other: $75,052
- Compensation: $0
- Related: $508,269
- Other: $75,114
- Compensation: $371,380
- Related: $0
- Other: $60,055
- Compensation: $377,460
- Related: $0
- Other: $47,805
- Compensation: $363,686
- Related: $0
- Other: $61,418
- Compensation: $390,909
- Related: $0
- Other: $34,150
Where can I find the form 990 for Northwell Health Alliance Inc?
Northwell Health Alliance Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Northwell Health Alliance Inc
Northwell Health Alliance Inc serves as a unified purchasing group for its tax-exempt member hospitals under Section 501(c)(3) of the Internal Revenue Code. This cooperative aims to enhance the operational efficiency and economical sustainability of its hospital members by pooling their collective buying power. The alliance facilitates the negotiation of favorable contracts and securing competitive pricing for essential supplies and services. By collaboratively addressing procurement needs, Northwell Health Alliance Inc enables its members to focus more on providing high-quality healthcare services to their communities. This cooperative arrangement ultimately leads to improved patient care, operational efficiencies, and cost savings for the participating hospitals.
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Impact
August, 2024
Northwell Health Alliance Inc, as a group purchasing cooperative for its member hospitals, plays a vital role in providing essential healthcare services to the community. By leveraging collective purchasing power, it helps its member hospitals obtain necessary medical supplies, equipment, and services more efficiently and cost-effectively. This ultimately allows the hospitals to focus on delivering high-quality healthcare to patients while ensuring financial sustainability. Overall, Northwell Health Alliance Inc's impact can be seen in its contribution to improving healthcare accessibility and affordability for individuals in need of medical treatment.
This information is meant to be a general summary of Northwell Health Alliance 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: $19,760,829
- Gross Receipts: $19,760,829
Assets and Liabilities:
- Total Assets: $8,697,590
- Total Liabilities: $3,173,849
- Net Assets: $5,523,741
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
GROUP PURCHASING REBATES
Revenue
$19,760,829
Organization Details
Founding Year
2008
Phone
(516) 321-6058Principal Officer
Donna Drummond
Main Address
972 BRUSH HOLLOW RD 5th FL, WESTBURY, NY, 11590
NTEE Category
Code: E19 - Health
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