Overview
What is Commonwealth Health Corporation Inc?
Commonwealth Health Corporation Inc, also known as MED Center Health, is a nonprofit organization based in Bowling Green, Kentucky. With a mission to care for people and enhance the quality of life in the communities they serve, MED Center Health operates as an integrated healthcare system. They own and manage various physician practices and immediate care clinics, covering a broad spectrum of medical specialties, such as orthopedic, vascular and cardiothoracic surgery, otorhinolaryngology (ENT), neurology and neurosurgery, hospitalists, obstetrics and gynecology, general surgery, bariatric surgery, hematology and oncology, infectious disease, internal medical, and general medicine. MED Center Health's system includes six hospitals and employs a total workforce of 3489 individuals.
Official website here: www.medcenterhealth.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
Commonwealth Health Corporation Inc has achieved a high score of 96%, reflecting a strong commitment to accountability and financial management. The rating is primarily based on the organization's exceptional performance in financial oversight and governance, which is indicated by the presence of a majority independent board and a comprehensive audit and oversight committee.
The nonprofit has demonstrated a solid structure with 84% independent board members, ensuring that decisions are made with integrity and transparency. Additionally, the organization maintains a robust financial health profile, with a program expense ratio of 77.36%, highlighting its focus on delivering impactful programs rather than excessive administrative costs.
While the ratings are overwhelmingly positive, there are no indicated limitations or issues pertaining to the organization’s financial practices. Overall, Commonwealth Health Corporation Inc exemplifies strong governance and a dedicated approach to its mission, making it a reliable choice for potential donors and supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Commonwealth Health Corporation Inc legitimate?
Commonwealth Health Corporation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Commonwealth Health Corporation 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: $3,513,857
Professional Fundraising Fees: $0
Other Salaries and Wages: $68,606,614
For more financial information, click here
Official website here: www.medcenterhealth.org
What is the mission statement of Commonwealth Health Corporation Inc?
Commonwealth Health Corporation Inc, as an integrated healthcare system, is dedicated to caring for people and enhancing the quality of life in the communities they serve. Through owning and managing various physician practices and immediate care clinics, they promote healthcare accessibility in diverse medical fields. Their wide range of medical specialties include orthopedic, vascular and cardiothoracic surgery, otorhinolaryngology (ENT), neurology and neurosurgery, hospitalists, obstetrics and gynecology, general surgery, bariatric surgery, hematology and oncology, infectious disease, internal medical and general medicine, and more. By providing comprehensive healthcare services, Commonwealth Health Corporation Inc strives to make a positive impact on the lives of those they serve.
Official website here: www.medcenterhealth.org
Who is the CEO of Commonwealth Health Corporation Inc?
Connie D Smith is the Principal Officer of Commonwealth Health Corporation Inc. The CEO's salary of Commonwealth Health Corporation Inc is $1,333,801 and their total compensation is $1,354,657.
Official website here: www.medcenterhealth.org
What is the revenue of Commonwealth Health Corporation Inc?
Commonwealth Health Corporation Inc's revenue in 2022 was $131,659,305.
Official website here: www.medcenterhealth.org
Who are the executives of Commonwealth Health Corporation Inc and what are their salaries?
The average compensation at Commonwealth Health Corporation Inc during 2022 was $20,671. There are 3489 employees and 725 volunteers at Commonwealth Health Corporation Inc.
Here are 24 key members and their salaries (Commonwealth Health Corporation Inc's CEO's salary is $1,333,801 and their total compensation is $1,354,657):
- Compensation: $1,333,801
- Related: $0
- Other: $20,856
- Compensation: $1,182,264
- Related: $0
- Other: $40,973
- Compensation: $849,242
- Related: $0
- Other: $21,140
- Compensation: $804,576
- Related: $0
- Other: $34,678
- Compensation: $808,958
- Related: $0
- Other: $21,744
- Compensation: $733,953
- Related: $0
- Other: $40,628
- Compensation: $434,345
- Related: $0
- Other: $29,943
- Compensation: $404,668
- Related: $0
- Other: $39,509
- Compensation: $374,445
- Related: $0
- Other: $43,440
- Compensation: $371,796
- Related: $0
- Other: $3,505
- Compensation: $270,499
- Related: $0
- Other: $5,145
- Compensation: $166,490
- Related: $0
- Other: $6,935
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
Official website here: www.medcenterhealth.org
Where can I find the form 990 for Commonwealth Health Corporation Inc?
Commonwealth Health Corporation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.medcenterhealth.org
Learn more at the official website: www.medcenterhealth.org
Mission Statement of Commonwealth Health Corporation Inc
Commonwealth Health Corporation Inc, also known as MED Center Health, is a comprehensive healthcare system dedicated to caring for people and enhancing the quality of life in the communities it serves. The organization's integrated healthcare system consists of six hospitals and manages physician practices and immediate care clinics. MED Center Health's mission reaches out to various medical specialties, encompassing orthopedic, vascular and cardiothoracic surgery, otorhinolaryngology (ENT), neurology and neurosurgery, hospitalists, obstetrics, gynecology, general surgery, bariatric surgery, hematology & oncology, infectious disease, internal medical and general medicine. The wide array of medical services provided enables MED Center Health to cater to diverse healthcare needs and promote wellbeing within the communities it serves.
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Impact
October, 2024
Commonwealth Health Corporation Inc significantly impacts the communities it serves through its comprehensive healthcare services and commitment to improving quality of life. As an integrated healthcare system, Med Center Health operates six hospitals and manages a network of physician practices and immediate care clinics throughout south central Kentucky.
By offering a diverse array of medical specialties—including orthopaedics, vascular and cardiothoracic surgery, ENT, neurology and neurosurgery, obstetrics, gynecology, general surgery, bariatric surgery, hematology and oncology, as well as infectious disease and internal medicine—Commonwealth Health Corporation Inc ensures that residents have access to essential healthcare services close to home. This not only facilitates timely medical attention but also fosters a healthier community by providing preventative care and education.
Additionally, the corporation's focus on integrated care promotes coordinated treatment and better health outcomes for patients. Through its mission to care for individuals and enhance the quality of life in the area, Commonwealth Health Corporation Inc plays a pivotal role in shaping the health landscape of Bowling Green, KY, and the surrounding regions, thus contributing to the overall well-being and vitality of the community.
This information is meant to be a general summary of Commonwealth Health Corporation 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.
- Investment Income: $8,069,248
- Program Service Revenue: $121,544,689
- Gross Receipts: $176,378,927
Assets and Liabilities:
- Total Assets: $147,547,590
- Total Liabilities: $45,030,661
- Net Assets: $102,516,929
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PHYSICIAN SERVICES
Revenue
$64,683,600
REHABILITATIVE SERVICES
Revenue
$15,846,139
ADMINISTRATIVE PROGRAMS
Revenue
$41,014,950
Organization Details
Founding Year
1984
Phone
(270) 745-1551Principal Officer
Connie D Smith
Main Address
800 PARK STREET, BOWLING GREEN, KY, 42101
Website
www.medcenterhealth.orgNTEE Category
Code: E21 - Health
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