Overview
What is New Vision Medical Laboratories Inc?
New Vision Medical Laboratories, Inc., located at 750 W High Street Suite 400, Lima, Ohio, 45801, is a dedicated nonprofit organization primarily focused on offering laboratory services to its member patron hospitals. With a workforce of 187 employees, the organization's mission is to strengthen the healthcare sector through its expertise in laboratory testing. By providing essential services to these hospitals, New Vision Medical Laboratories, Inc. contributes to the overall improvement of patient care and health outcomes within the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 68%, earning a Two-Star out of Four Star rating.
New Vision Medical Laboratories Inc has received a Two-Star rating from Charity Navigator, indicating some areas of concern with its accountability and financial practices. The organization has a low score for having independent board members, which raises questions about governance and oversight. However, it has demonstrated solid financial oversight with a 100% program expense ratio, suggesting that all of its funds are allocated toward its programs.
While the organization has established policies for conflict of interest and whistleblower protection, it falls short in transparency. Key documents, including its website and tax form, are not adequately posted or missing, which detracts from its ability to inform stakeholders effectively. Additionally, the liabilities to assets ratio is relatively high, signaling potential financial instability.
Overall, New Vision Medical Laboratories Inc exhibits strengths in its program expenditures and governance policies but must improve its board independence and transparency to enhance its rating and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is New Vision Medical Laboratories Inc legitimate?
New Vision Medical Laboratories Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Vision Medical Laboratories 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: $146,992
Professional Fundraising Fees: $0
Other Salaries and Wages: $10,385,111
For more financial information, click here
What is the mission statement of New Vision Medical Laboratories Inc?
New Vision Medical Laboratories Inc is committed to serving its exempt member patron hospitals by providing essential laboratory services. The organization's primary goal is to contribute to the healthcare sector by offering high-quality laboratory services to its hospital partners. Their mission is geared towards enhancing the capabilities of these hospitals through their expertise in laboratory diagnostics. By doing so, they aim to improve the overall quality of healthcare delivered to patients. Additionally, New Vision Medical Laboratories Inc strives to maintain a strong alliance with its hospital members to ensure a collaborative and effective working relationship. Their unwavering dedication to providing top-notch laboratory services is a crucial element in the successful functioning of their hospital partners.
Who is the CEO of New Vision Medical Laboratories Inc?
Unavailable The CEO's salary of New Vision Medical Laboratories Inc is $0 and their total compensation is $1,626,840.
What is the revenue of New Vision Medical Laboratories Inc?
New Vision Medical Laboratories Inc's revenue in 2022 was $18,223,850.
Who are the executives of New Vision Medical Laboratories Inc and what are their salaries?
The average compensation at New Vision Medical Laboratories Inc during 2022 was $56,321. There are 187 employees at New Vision Medical Laboratories Inc.
Here are 14 key members and their salaries (New Vision Medical Laboratories Inc's CEO's salary is $0 and their total compensation is $1,626,840):
- Compensation: $0
- Related: $224,317
- Other: $46,423
- Compensation: $0
- Related: $417,628
- Other: -$153,754
- Compensation: $0
- Related: $41,914
- Other: $7,252
- Compensation: $0
- Related: $328,863
- Other: -$19,934
- Compensation: $0
- Related: $187,400
- Other: $14,415
- Compensation: $0
- Related: $180,065
- Other: -$27,459
- Compensation: $126,807
- Related: $0
- Other: $20,185
- Compensation: $106,756
- Related: $0
- Other: $12,378
- Compensation: $107,031
- Related: $0
- Other: -$18,204
- Compensation: $100,330
- Related: $0
- Other: $12,565
- Compensation: $101,539
- Related: $0
- Other: $24,581
- Compensation: $115,647
- Related: $0
- Other: -$1,274
- Compensation: $0
- Related: $1,365,450
- Other: $261,390
- Compensation: $0
- Related: $906,522
- Other: $108,702
Where can I find the form 990 for New Vision Medical Laboratories Inc?
New Vision Medical Laboratories Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of New Vision Medical Laboratories Inc
New Vision Medical Laboratories Inc is a dedicated organization that focuses on delivering top-tier laboratory services to its esteemed exempt member patron hospitals. With a primary exempt purpose that is deeply rooted in offering exceptional lab services, this nonprofit organization has carved a niche for itself in the healthcare sector.
By providing laboratory services, New Vision Medical Laboratories Inc plays an indispensable role in supporting its hospital partners in their mission to deliver quality patient care. Its commitment to this cause is evident in its unwavering dedication to ensuring accurate and timely diagnostic results, which are crucial for effective medical treatment plans.
In essence, the nonprofit acts as a reliable and trusted partner to its hospital members, offering them access to an extensive range of laboratory tests and services. This collaboration not only enhances the overall quality of healthcare but also allows hospitals to focus on their core competencies, ultimately leading to improved patient outcomes and overall satisfaction.
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Impact
October, 2024
New Vision Medical Laboratories Inc significantly impacts the healthcare landscape by delivering essential laboratory services to its member patron hospitals. Located in Lima, OH, the organization aims to enhance the quality and efficiency of medical diagnostics for these institutions. By providing reliable and timely laboratory testing, New Vision Medical Laboratories plays a crucial role in supporting the operational needs of hospitals, improving patient care, and facilitating effective medical decision-making. This collaboration helps ensure that healthcare providers have access to accurate data necessary for diagnosing and treating patients, ultimately contributing to better health outcomes in the community.
This information is meant to be a general summary of New Vision Medical Laboratories 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: $5,614
- Program Service Revenue: $18,018,769
- Gross Receipts: $18,223,850
Assets and Liabilities:
- Total Assets: $1,964,375
- Total Liabilities: $1,259,611
- Net Assets: $704,764
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LABORATORY FEES
Revenue
$18,018,769
Organization Details
Founding Year
2000
Phone
(419) 226-9366Main Address
750 W High Street Suite 400, Lima, OH, 45801
NTEE Category
Code: E60 - Health
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