Overview
What is Rambam Health Corporation?
Rambam Health Corporation serves as a fund for medical research and service provision in Israel, primarily supporting Rambam Medical Center in Haifa. The organization receives donations from various entities in Israel and the US, which are allocated to different wards in the hospital and used for equipment acquisition, salaries, and research grants. The fund's mission includes advancing and supporting clinical and practical laboratory research in various medical fields and providing medical care to benefit both the hospital and the public. Despite budget constraints, the fund actively works within the Ministry of Health's guidelines to improve patient care and scientific advancements at Rambam Medical Center.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Rambam Health Corporation has received a Two-Star out of Four Star rating from Charity Navigator, with an overall score of 60%. This rating indicates areas where the organization needs to enhance its accountability and financial practices. Specifically, the organization struggles with board independence, as it has only 33% independent board members, which may limit objective governance.
On a positive note, Rambam Health Corporation demonstrates strong financial oversight, achieving full points for its audit and oversight committee, and has shown no material diversion of assets. Additionally, the organization excels in its program expense ratio, allocating 94.13% of its expenses directly to its programs, indicating a commitment to its mission.
However, critical areas for improvement include the lack of a comprehensive conflict of interest policy and missing essential documents on its website, such as the tax form and a whistleblower policy. Moreover, the organization has a concerning liabilities-to-assets ratio of 116.76%, which raises questions about its financial stability and long-term sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Rambam Health Corporation legitimate?
Rambam Health Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rambam Health Corporation 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: $124,183
Professional Fundraising Fees: $0
Other Salaries and Wages: $61,252,060
For more financial information, click here
What is the mission statement of Rambam Health Corporation?
The Rambam Health Corporation is a fund dedicated to advancing medical research and development, particularly in various fields, while also contributing to medical projects that benefit the Rambam Hospital and the wider public. The organization plays an active role in delivering medical care in collaboration with the Rambam Medical Center. Serving as one of the ten public hospitals in Israel, the hospital and its counterparts are subject to stringent supervision by the Ministry of Health, which poses challenges in securing additional resources and services due to tight budget restrictions. The Rambam Health Corporation secures a significant portion of its support from various sources to aid the hospital in its mission.
Who is the CEO of Rambam Health Corporation?
Dr Avi Weissman is the Ceo of Rambam Health Corporation. The CEO's salary of Rambam Health Corporation is $124,183 and their total compensation is $124,183.
What is the revenue of Rambam Health Corporation?
Rambam Health Corporation's revenue in 2022 was $180,414,061.
Who are the executives of Rambam Health Corporation and what are their salaries?
Here are 14 key members and their salaries (Rambam Health Corporation's CEO's salary is $124,183 and their total compensation is $124,183):
- Compensation: $444,732
- Related: $0
- Other: $0
- Compensation: $352,259
- Related: $0
- Other: $0
- Compensation: $296,029
- Related: $0
- Other: $0
- Compensation: $293,151
- Related: $0
- Other: $0
- Compensation: $278,994
- Related: $0
- Other: $0
- Compensation: $124,183
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Rambam Health Corporation?
Rambam Health Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Rambam Health Corporation
Rambam Health Corporation, a leading organization in the medical field, is dedicated to conducting research, promoting advancements in medical science, and offering support to medical projects. Its primary goal is to benefit both Rambam Hospital and the public at large. The organization actively collaborates with Rambam Medical Center, which is one of Israel's ten public hospitals managed by the government.
Despite the strict supervision and budget constraints imposed by the Ministry of Health, Rambam Health Corporation operates under the mission to drive medical progress and provide essential services. It secures the majority of its support through various means, primarily focusing on funding research and enhancing medical care in various disciplines. The organization's commitment extends beyond the hospital setting, as it strives to make a positive impact on the wider community.
Rambam Health Corporation is an integral part of the medical community, playing an active role in extending resources and expertise to the Rambam Medical Center. The organization's efforts have significantly contributed to the advancement of medical knowledge and the delivery of quality care. Its dedication to research and development enables the hospital to stay at the forefront of medical innovation while ensuring that the general public can reap the benefits of these advancements.
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Impact
October, 2024
Rambam Health Corporation significantly impacts the healthcare landscape in Israel by advancing medical research and enhancing patient care at the Rambam Medical Center, one of the nation's key public hospitals. The organization actively promotes research initiatives across various medical fields, including nephrology, hematology, cardiology, pathology, neurology, immunology, and liver diseases. This focus on multidisciplinary research enables breakthroughs that benefit not only the hospital but also the wider community.
Through a combination of donor support and grants, Rambam Health Corporation ensures essential services and resources are available to various hospital wards, including Oncology, Intensive Care, and pediatric care, which directly contribute to improved health outcomes. The funds received play a crucial role in acquiring medical equipment, improving hospital facilities, and supporting research initiatives aimed at developing new treatments and care models.
Furthermore, the organization's collaboration with the Rambam Medical Center facilitates a robust framework for clinical and practical laboratory research, driving innovation that ultimately enhances the quality of medical care delivered to patients. By addressing the financial constraints imposed by government budget controls, Rambam Health Corporation fills critical gaps, ensuring that the hospital can adapt, grow, and continue to serve the evolving needs of the population.
This information is meant to be a general summary of Rambam Health Corporation. 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: $870,276
- Program Service Revenue: $155,553,944
- Gross Receipts: $180,414,061
Assets and Liabilities:
- Total Assets: $43,262,965
- Total Liabilities: $50,515,799
- Net Assets: -$7,252,834
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
revenue from medical serv
Revenue
$155,553,944
Organization Details
Founding Year
1997
Principal Officer
Dr Avi Weissman
NTEE Category
Code: E20 - Health
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