Overview
What is Redlands Health Foundation?
Redlands Health Foundation is a nonprofit organization that manages funds to bolster the activities of Redlands Community Hospital. The foundation plays a crucial role in accumulating capital for future needs of the hospital, specifically for property, plant, and equipment. By administering these funds, it ensures the hospital's continued growth and development. Through receiving, investing, and disbursing resources, the Redlands Health Foundation plays an integral part in supporting Redlands Community Hospital.
Official website here: www.redlandshospital.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 56% (One-Star out of Four Stars)
The Redlands Health Foundation has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its financial performance and accountability. While the organization excels in governance aspects, such as having a fully independent board and well-implemented policies for conflict of interest and whistleblower protection, it struggles in key financial metrics, which heavily impact its overall score.
One of the most notable weaknesses is the Liabilities to Assets Ratio, which received a score of 0 out of 15 points, suggesting potential financial instability. Additionally, the foundation's Program Expense Ratio is also concerning, with a score of 0 out of 25 points, indicating that a very low percentage of its expenses are directed towards its programs, which may raise questions about its operational effectiveness and mission impact.
While the foundation demonstrates strong governance practices, the lack of transparency in financial reporting, as evidenced by a low score on the Tax Form posted on its website, further complicates its standing. This combination of governance strengths and critical financial weaknesses presents a mixed picture for potential donors or stakeholders considering support for the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Redlands Health Foundation legitimate?
Redlands Health Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Redlands Health Foundation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.redlandshospital.org
What is the mission statement of Redlands Health Foundation?
The Redlands Health Foundation serves a crucial role in supporting the operational activities of Redlands Community Hospital. Through administering funds, the foundation facilitates the acquisition of essential property, plant, and equipment for the hospital. The foundation's primary function is to manage accumulated capital for future hospital needs, receiving, investing, and disbursing these funds accordingly. By doing so, it enhances the hospital's ability to provide quality healthcare services. Essentially, the Redlands Health Foundation acts as a financial steward, ensuring the hospital remains well-equipped to meet the healthcare needs of its community.
Official website here: www.redlandshospital.org
Who is the CEO of Redlands Health Foundation?
James Holmes is the Secretary of Redlands Health Foundation.
Official website here: www.redlandshospital.org
What is the revenue of Redlands Health Foundation?
Redlands Health Foundation's revenue in 2022 was $34,932,822.
Official website here: www.redlandshospital.org
Who are the executives of Redlands Health Foundation and what are their salaries?
There 4 volunteers at Redlands Health Foundation.
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $1,097,217
- Other: $28,836
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.redlandshospital.org
Where can I find the form 990 for Redlands Health Foundation?
Redlands Health Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.redlandshospital.org
Learn more at the official website: www.redlandshospital.org
Mission Statement of Redlands Health Foundation
Redlands Health Foundation, a dedicated organization, plays a crucial role in supporting Redlands Community Hospital by managing funds intended for future capital needs related to property, plant, and equipment. The Foundation's primary objective is to invest and disburse these accumulated funds for the hospital's sake. In essence, it acts as a financial steward, ensuring that Redlands Community Hospital has the necessary resources to maintain and improve its infrastructure. By administering these funds, Redlands Health Foundation enables the hospital to continue delivering quality healthcare services to its community.
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Impact
October, 2024
Redlands Health Foundation significantly enhances healthcare services in the community by managing and allocating funds to support Redlands Community Hospital. By administering capital necessary for property, plant, and equipment, the foundation ensures that the hospital can maintain and improve its facilities and services. This financial support plays a crucial role in enabling the hospital to meet the healthcare needs of the community, ultimately leading to better patient care and outcomes. Through its investment in the hospital's infrastructure, the foundation helps sustain and advance healthcare access and quality in Redlands, CA.
This information is meant to be a general summary of Redlands Health Foundation. 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: $34,932,822
- Gross Receipts: $43,007,166
Assets and Liabilities:
- Total Assets: $260,954,218
- Total Liabilities: $561,738
- Net Assets: $260,392,480
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Organization Details
Founding Year
2000
Phone
(909) 335-6435Principal Officer
James Holmes
Main Address
350 TERRACINA BLVD, REDLANDS, CA, 923730742
Website
www.redlandshospital.orgNTEE Category
Code: E112 - Health
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