Overview
What is Monroe Medical Foundation Inc?
Monroe Medical Foundation Inc, also known as Monroe County Medical Center, is a rural healthcare organization based in Tompkinsville, Kentucky. With a workforce of 295 employees, they operate a 49-bed acute care hospital, providing primary and specialty healthcare services to the citizens of Monroe County and the surrounding area. The hospital admitted 922 patients and treated over 5,500 patients in the emergency room during the fiscal year. In addition to inpatient services, they made 21,404 outpatient referrals and conducted 2,165 ambulance runs. The hospital caters to approximately 72% Medicare and 17% Medicaid patients. Monroe Medical Foundation extends its efforts beyond hospital services, operating an ambulance service, county 911 service, two employed physician offices, and an adult daycare service. Their mission encompasses compassionate, respectful, and confidential care, focusing on the detection, prevention, and treatment of illness.
Official website here: www.mcmccares.com
What are the reviews and ratings of this charity?
Charity Navigator Rating 96% - Four-Star out of Four Star Rating
Monroe Medical Foundation Inc has achieved a Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and financial transparency. This high score is derived entirely from its Accountability & Finance metrics, where it scored an impressive 96%. Such a rating indicates effective management of resources and a dedication to serving its mission.
The organization displays a robust governance structure with 77% of its board members being independent. It has also scored full points in areas such as financial statements oversight, conflict of interest policies, and whistleblower protections, demonstrating a comprehensive approach to ethical standards and operational integrity. The foundation shows a commendable program expense ratio of 91.47%, suggesting that a significant portion of its budget is directed towards its mission-driven activities.
While the charity excels in governance and financial integrity, potential donors and stakeholders may want to consider other aspects such as program outcomes and community impact, which are not captured in the financial score alone. Overall, Monroe Medical Foundation Inc stands out as a well-managed organization prioritizing accountability and effective use of funds.
This AI summary has been generated from information found on Charity Navigator.
Is Monroe Medical Foundation Inc legitimate?
Monroe Medical Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Monroe Medical Foundation 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: $1,139,283
Professional Fundraising Fees: $0
Other Salaries and Wages: $10,341,632
For more financial information, click here
Official website here: www.mcmccares.com
What is the mission statement of Monroe Medical Foundation Inc?
The Monroe Medical Foundation Inc is dedicated to delivering compassionate, respectful, and confidential healthcare services to the community and surrounding areas. Their mission revolves around providing quality and safe primary and specialty care to detect, prevent, and treat illnesses. They operate an acute care hospital, ambulance service, county 911 service, adult daycare service, and two employed physician offices to accomplish this goal. The organization's values of compassion, respect, and confidentiality are central to its operation, ensuring the best possible patient care during their health journey.
Official website here: www.mcmccares.com
Who is the CEO of Monroe Medical Foundation Inc?
Caitlin Hagan is the Principal Officer of Monroe Medical Foundation Inc. The CEO's salary of Monroe Medical Foundation Inc is $159,338 and their total compensation is $159,338.
Official website here: www.mcmccares.com
What is the revenue of Monroe Medical Foundation Inc?
Monroe Medical Foundation Inc's revenue in 2023 was $20,903,121.
Official website here: www.mcmccares.com
Who are the executives of Monroe Medical Foundation Inc and what are their salaries?
The average compensation at Monroe Medical Foundation Inc during 2023 was $38,918. There are 295 employees at Monroe Medical Foundation Inc.
Here are 15 key members and their salaries (Monroe Medical Foundation Inc's CEO's salary is $159,338 and their total compensation is $159,338):
- Compensation: $712,984
- Related: $0
- Other: $0
- Compensation: $386,930
- Related: $0
- Other: $0
- Compensation: $164,394
- Related: $0
- Other: $0
- Compensation: $159,338
- Related: $0
- Other: $0
- Compensation: $149,066
- Related: $0
- Other: $0
- Compensation: $146,673
- Related: $0
- Other: $0
- Compensation: $112,787
- Related: $0
- Other: $0
- Compensation: $111,377
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.mcmccares.com
Where can I find the form 990 for Monroe Medical Foundation Inc?
Monroe Medical Foundation Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.mcmccares.com
Learn more at the official website: www.mcmccares.com
Mission Statement of Monroe Medical Foundation Inc
The Monroe Medical Foundation Inc, a rural healthcare organization, is dedicated to compassionate, respectful, and confidential care. Their mission is to deliver quality and safe primary and specialty services to the citizens of Monroe County and its surrounding areas. Through their 49-bed acute care hospital, the foundation focuses on the detection, prevention, and treatment of various illnesses. In addition to the hospital, they provide essential services including an ambulance service, county 911 service, two employed physician offices, and an adult daycare service. The Monroe Medical Foundation's team of healthcare professionals prioritizes the well-being of their patients and strives to ensure the highest standard of care. With their extensive offerings, they address a wide range of healthcare needs, contributing significantly to the overall health and well-being of the community they serve.
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Impact
October, 2024
Monroe Medical Foundation Inc plays a crucial role in enhancing healthcare access and quality for the residents of Monroe County and its surrounding areas. Operating a 49-bed acute care hospital, the foundation provides essential medical services, including emergency care, inpatient treatment, outpatient referrals, and ambulance support, thereby addressing both routine and critical healthcare needs.
In the fiscal year ending February 2023, the hospital admitted 922 patients and handled over 5,200 emergency cases, demonstrating its vital presence in the community. With a significant portion of patients being Medicare (72%) and Medicaid (17%) beneficiaries, the foundation serves a population that often relies on public healthcare programs, ensuring that vulnerable individuals receive necessary medical attention.
The introduction of swing bed services further enhances patient care by facilitating recovery and rehabilitation for those who no longer require acute hospital admission but still need medical support. This flexibility supports a smoother transition for patients, ultimately promoting better health outcomes.
Additionally, the foundation's commitment to community services extends beyond hospital care; it operates an ambulance service, a county 911 service, and an adult daycare service, which collectively ensure comprehensive health coverage. It also invests in the future of healthcare by providing scholarships to local high school graduates pursuing medical careers.
Overall, Monroe Medical Foundation Inc is integral to the health and well-being of its community, embodying values of compassion, respect, and confidentiality while delivering essential, quality healthcare services.
This information is meant to be a general summary of Monroe Medical Foundation 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 2023.
- Investment Income: $343,479
- Program Service Revenue: $18,098,222
- Gross Receipts: $20,903,121
Assets and Liabilities:
- Total Assets: $32,054,231
- Total Liabilities: $2,798,143
- Net Assets: $29,256,088
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Hospital Services Net of Contractual Adjustments Charity and Bad Debt
Revenue
$18,098,222
Organization Details
Founding Year
1979
Phone
(270) 487-9231Principal Officer
Caitlin Hagan
Main Address
529 CAPP HARLAN ROAD, TOMPKINSVILLE, KY, 42167
Website
www.mcmccares.comNTEE Category
Code: E22Z - Health
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