Overview
What is Somc Medical Care Foundation Inc?
Somc Medical Care Foundation Inc is a nonprofit organization with a mission to make a significant difference in patients' lives, employing professionals who excel in their fields to deliver top-notch healthcare. The organization goes beyond clinical care by being an active community supporter and neighbor. This commitment is reflected in their dedication to being a good employer and contributing positively to the local area.
Official website here: www.somc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Somc Medical Care Foundation Inc has received a Two-Star out of Four Star rating from Charity Navigator, reflecting an overall score of 66%. This rating indicates that while the foundation has some strengths in certain areas, it also faces significant challenges, particularly in governance. Notably, the organization lacks independent board members, which could affect its accountability and transparency.
The foundation has demonstrated strong financial oversight, scoring full points in areas such as the financial statements, conflict of interest policy, and whistleblower policy. It also has a complete program expense ratio, indicating that all funds are directed towards its programs. However, the lack of independent board members raises concerns about the effectiveness of its governance.
Another limitation noted is the high liabilities to assets ratio, which could pose financial risks. Additionally, the foundation's failure to post its tax form on its website is a missed opportunity for transparency. Overall, while Somc Medical Care Foundation Inc has some solid operational policies in place, it needs to enhance its governance structure and financial transparency to improve its overall rating.
This AI summary has been generated from information found on Charity Navigator.
Is Somc Medical Care Foundation Inc legitimate?
Somc Medical Care Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Somc Medical Care 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: $2,857,852
Professional Fundraising Fees: $0
Other Salaries and Wages: $46,938,646
For more financial information, click here
Official website here: www.somc.org
What is the mission statement of Somc Medical Care Foundation Inc?
Somc Medical Care Foundation Inc is dedicated to making a positive impact on people's lives. Their mission is to deliver exceptional healthcare services, with professionals who are among the best in their fields. Beyond patient care, the foundation strives to be a good neighbor, employer, and community supporter. It aims to make a difference not only for individuals but also for the surrounding community.
Official website here: www.somc.org
Who is the CEO of Somc Medical Care Foundation Inc?
Mr Benjamin Gill is the Principal Officer of Somc Medical Care Foundation Inc. The CEO's salary of Somc Medical Care Foundation Inc is $0 and their total compensation is $735,759.
Official website here: www.somc.org
What is the revenue of Somc Medical Care Foundation Inc?
Somc Medical Care Foundation Inc's revenue in 2022 was $52,674,175.
Official website here: www.somc.org
Who are the executives of Somc Medical Care Foundation Inc and what are their salaries?
The average compensation at Somc Medical Care Foundation Inc during 2022 was $246,517. There are 202 employees at Somc Medical Care Foundation Inc.
Here are 15 key members and their salaries (Somc Medical Care Foundation Inc's CEO's salary is $0 and their total compensation is $735,759):
- Compensation: $138,294
- Related: $0
- Other: $34,518
- Compensation: $607,252
- Related: $0
- Other: $55,532
- Compensation: $0
- Related: $437,806
- Other: $65,900
- Compensation: $0
- Related: $667,996
- Other: $67,763
- Compensation: $0
- Related: $649,878
- Other: $180,511
- Compensation: $0
- Related: $324,816
- Other: $122,451
- Compensation: $0
- Related: $230,538
- Other: $37,024
- Compensation: $733,042
- Related: $0
- Other: $58,933
- Compensation: $211,769
- Related: $0
- Other: $25,204
- Compensation: $0
- Related: $229,472
- Other: $73,663
- Compensation: $2,705,479
- Related: $0
- Other: $55,981
- Compensation: $1,988,383
- Related: $0
- Other: $63,178
- Compensation: $1,110,010
- Related: $0
- Other: $72,799
- Compensation: $1,020,791
- Related: $0
- Other: $36,236
- Compensation: $1,149,667
- Related: $0
- Other: $82,439
Official website here: www.somc.org
Where can I find the form 990 for Somc Medical Care Foundation Inc?
Somc Medical Care Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.somc.org
Learn more at the official website: www.somc.org
Mission Statement of Somc Medical Care Foundation Inc
At Somc Medical Care Foundation Inc, a profound sense of mission drives their operations. In simple terms, they aim to make a difference in the lives of their patients, employees, and the wider community. Their commitment to delivering top-notch care is matched only by their passion to go above and beyond.
In practice, the team at Somc Medical Care Foundation Inc strives to provide exceptional healthcare services, staffed by professionals who are recognised as the best in their respective fields. They bring this same level of dedication to their community involvement, acting as a good neighbor, employer, and community supporter.
Somc Medical Care Foundation Inc's mission extends past their clinical services. They are deeply invested in being more than just a healthcare provider. Their actions reflect a genuine care for the wellbeing of their patients and the community, demonstrated through various initiatives and support programs. These efforts are driven by their unwavering belief that every life matters and deserves the best possible care and opportunities for growth.
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Impact
October, 2024
Somc Medical Care Foundation Inc significantly impacts the Portsmouth, OH region by ensuring that the highest quality healthcare is accessible to the community. Committed to excellence, the foundation employs professionals recognized as leaders in their fields, fostering an environment where patients receive top-tier medical care.
Beyond clinical services, the foundation extends its mission into the community, actively engaging as a supportive neighbor and employer. This devotion to community welfare enhances not only health outcomes but also strengthens local bonds and economies. By emphasizing compassion and support, Somc Medical Care Foundation Inc plays a vital role in improving lives, nurturing wellness, and contributing to the overall health landscape of the area.
This information is meant to be a general summary of Somc Medical Care 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 2022.
- Investment Income: $194,692
- Program Service Revenue: $51,196,274
- Gross Receipts: $52,674,175
Assets and Liabilities:
- Total Assets: $16,858,238
- Total Liabilities: $24,191,401
- Net Assets: -$7,333,163
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PATIENT SERVICES
Revenue
$51,159,332
REHAB CARE CREDIT
Revenue
$36,942
Organization Details
Founding Year
1993
Phone
(740) 356-7622Principal Officer
Mr Benjamin Gill
Main Address
1248 KINNEYS LANE, PORTSMOUTH, OH, 45662
Website
www.somc.orgNTEE Category
Code: E11 - Health
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