Overview
What is Lima Memorial Health Systems Organization?
Lima Memorial Health Systems Organization, headquartered at 1001 Bellefontaine Avenue, Lima, Ohio 45804, is a dedicated nonprofit organization. Its primary mission is to support Lima Memorial Hospital by raising funds through various sales events and activities, such as golf outings. This income enables the organization to fulfill its pledge to the hospital, aiding in the acquisition of new equipment and improvements. Furthermore, the nonprofit extends its support to aspiring healthcare professionals by awarding scholarships annually. In 2022, the Lima Memorial Health Systems Organization provided financial aid to 10 students, including Carlie Van Meter, Ohio Northern Madison Wiseman, Kaitlyn Vore, and others.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 33%
Lima Memorial Health Systems Organization has received a low rating of 33%, translating to a Zero-Star out of Four Star rating primarily based on its Accountability & Finance metrics. This score indicates significant concerns regarding financial transparency and governance practices. While the organization does have a majority of independent board members and no material diversion of assets, it falls short in several key areas, particularly in conflict of interest policies and other essential governance documents.
The organization scored well on some aspects, such as maintaining independent board members and documenting board meeting minutes. However, critical elements like a conflict of interest policy, whistleblower policy, and the presence of a website listed on their tax form were missing, leading to a considerable deduction in their overall score. The lack of these policies suggests potential weaknesses in governance and accountability.
Furthermore, Lima Memorial Health Systems Organization's program expense ratio was notably low at 39.71%, raising concerns about the proportion of funds allocated toward its mission-related activities. The liabilities to assets ratio stands at 0.00%, which may reflect a healthy financial position but does not compensate for the gaps in governance and transparency. Overall, the rating indicates the need for improvements in fiscal responsibility and operational accountability to enhance trust among stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Lima Memorial Health Systems Organization legitimate?
Lima Memorial Health Systems Organization is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lima Memorial Health Systems Organization 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.
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Professional Fundraising Fees: $0
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What is the mission statement of Lima Memorial Health Systems Organization?
The Lima Memorial Health Systems Organization, established through an auxiliary, aims to raise funds to fulfill a pledge made to Lima Memorial Hospital. They accomplish this by organizing various sales events and occasional golf outings. The funds collected are utilized to purchase new equipment and make improvements to the hospital. Additionally, the organization annually awards scholarships to students pursuing higher education in the healthcare field.
Who is the CEO of Lima Memorial Health Systems Organization?
Steve Walsh is the President of Lima Memorial Health Systems Organization.
What is the revenue of Lima Memorial Health Systems Organization?
Lima Memorial Health Systems Organization's revenue in 2022 was $67,018.
Who are the executives of Lima Memorial Health Systems Organization and what are their salaries?
There 418 volunteers at Lima Memorial Health Systems Organization.
Here are 13 key members and their salaries:
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Where can I find the form 990 for Lima Memorial Health Systems Organization?
Lima Memorial Health Systems Organization's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Lima Memorial Health Systems Organization
Lima Memorial Health Systems Organization, often referred to as the Auxiliary, was established with a mission to support Lima Memorial Hospital. Their primary objective is to raise funds by organizing various sales events, sometimes including golf outings. This fundraising endeavor allows the Auxiliary to complete their pledge to the hospital, thereby aiding in the purchase of new equipment and improvements. In addition to this, the organization extends its support to individuals seeking higher education in the health field. Each year, Lima Memorial Health Systems Organization awards scholarships to deserving candidates, thereby contributing to the growth of the healthcare sector.
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Impact
August, 2024
Lima Memorial Health Systems Organization has a significant impact on the community by organizing sales events and activities to raise money for Lima Memorial Hospital. The organization's efforts help fulfill their pledge to the hospital, aiding in the purchase of new equipment and facility improvements. Additionally, they award grants to college students pursuing higher education in the health field, further contributing to the development of future healthcare professionals.
This information is meant to be a general summary of Lima Memorial Health Systems Organization. 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.
- Gross Receipts: $250,222
Assets and Liabilities:
- Total Assets: $21,701
- Total Liabilities: $0
- Net Assets: $21,701
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Organization Details
Founding Year
1994
Phone
(419) 998-4595Principal Officer
Steve Walsh
Main Address
1001 BELLEFONTAINE AVENUE, LIMA, OH, 45804
NTEE Category
Code: E11 - Health
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