Overview
What is Christian Healthcare Ministries Inc?
Christian Healthcare Ministries Inc, founded in 1981, is a nonprofit organization based in Ohio, where members share medical bills based on biblical teachings. This cost-sharing ministry, which has over 176,000 Christian households serving over 406,000 individuals, is not denied based on age, weight, health history, or location. Members contribute resources, enabling others to cover their medical expenses. In 2022, they collectively paid out $671 million for medical bills. CHM is an affordable healthcare solution for Christian families, offering programs with varying costs and levels of coverage. They also have programs for pre-existing conditions and financial hardships, and prioritize spiritual support through prayer.
Official website here: www.chministries.org
What are the reviews and ratings of this charity?
77% rating from Charity Navigator, indicating a Three-Star out of Four Star rating. This score reflects the organization's strong performance in accountability and finance, scoring 77% in this area. The rating is calculated based on various metrics that emphasize the nonprofit's financial health and transparency.
Christian Healthcare Ministries Inc demonstrates notable strengths, particularly in financial accountability. The organization has a solid track record with no material diversion of assets and maintains comprehensive policies regarding conflicts of interest, whistleblower protections, and document retention. Their program expense ratio is impressive at 98.09%, indicating that a significant majority of funds are directed towards its healthcare ministry efforts.
However, there are areas for improvement, especially in fundraising efficiency, where they scored lower at $0.012 per dollar raised. Additionally, their working capital ratio of 0.24 years suggests potential liquidity concerns that could impact their operational sustainability. Overall, while the organization exhibits strong financial practices, addressing these limitations could enhance their overall effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Christian Healthcare Ministries Inc legitimate?
Christian Healthcare Ministries Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Christian Healthcare Ministries 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: $1,630,850
Professional Fundraising Fees: $0
Other Salaries and Wages: $15,709,896
For more financial information, click here
Official website here: www.chministries.org
What is the mission statement of Christian Healthcare Ministries Inc?
Christian Healthcare Ministries Inc is a nonprofit organization founded in 1981 that allows participating Christians to share each other's medical bills, based on the biblical teachings of Galatians 6:2 and Acts 2 and 4. With a mission to glorify God and show Christian love, members voluntarily contribute their resources to help cover each other's healthcare expenses. In 2022, members contributed over $671 million for medical bills, making it an affordable healthcare solution for thousands of Christian families. Membership is open to any Christian household and cannot be denied based on age, health history, or location. Through this sharing community, members have collectively paid over $8.7 billion in medical bills over the last 41 years. Additionally, the organization offers optional programs for extended coverage and prayer support, and allocates funds to help members facing financial hardship. Christian Healthcare Ministries exists to serve and uplift its members during times of need.
Official website here: www.chministries.org
Who is the CEO of Christian Healthcare Ministries Inc?
J Craig Brown Ii is the Ceo, President of Christian Healthcare Ministries Inc. The CEO's salary of Christian Healthcare Ministries Inc is $334,663 and their total compensation is $365,702.
Official website here: www.chministries.org
What is the revenue of Christian Healthcare Ministries Inc?
Christian Healthcare Ministries Inc's revenue in 2022 was $752,912,401.
Official website here: www.chministries.org
Who are the executives of Christian Healthcare Ministries Inc and what are their salaries?
The average compensation at Christian Healthcare Ministries Inc during 2022 was $45,754. There are 379 employees and 30 volunteers at Christian Healthcare Ministries Inc.
Here are 20 key members and their salaries (Christian Healthcare Ministries Inc's CEO's salary is $334,663 and their total compensation is $365,702):
- Compensation: $334,663
- Related: $0
- Other: $31,039
- Compensation: $17,000
- Related: $0
- Other: $0
- Compensation: $18,200
- Related: $0
- Other: $0
- Compensation: $12,500
- Related: $0
- Other: $0
- Compensation: $3,100
- Related: $0
- Other: $0
- Compensation: $8,400
- Related: $0
- Other: $0
- Compensation: $8,400
- Related: $0
- Other: $0
- Compensation: $14,000
- Related: $0
- Other: $0
- Compensation: $11,200
- Related: $0
- Other: $0
- Compensation: $177,488
- Related: $0
- Other: $24,149
- Compensation: $110,510
- Related: $0
- Other: $12,933
- Compensation: $143,772
- Related: $0
- Other: $22,126
- Compensation: $136,481
- Related: $0
- Other: $12,989
- Compensation: $131,936
- Related: $0
- Other: $21,416
- Compensation: $167,075
- Related: $0
- Other: $19,548
- Compensation: $172,003
- Related: $0
- Other: $19,920
- Compensation: $124,568
- Related: $0
- Other: $20,974
- Compensation: $106,791
- Related: $0
- Other: $16,007
- Compensation: $121,479
- Related: $0
- Other: $12,989
- Compensation: $105,078
- Related: $0
- Other: $19,805
Official website here: www.chministries.org
Where can I find the form 990 for Christian Healthcare Ministries Inc?
Christian Healthcare Ministries Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.chministries.org
Learn more at the official website: www.chministries.org
Mission Statement of Christian Healthcare Ministries Inc
Christian Healthcare Ministries Inc, founded in 1981, is a nonprofit, voluntary cost-sharing ministry where participating Christians share each other's medical bills. Based on biblical teachings from Galatians 6:2 and Acts 2 and 4, CHMmembers come together to bear one another's burdens and glorify God through acts of Christian love and experiencing His presence. With over 176,000 Christian households serving over 406,000 individuals, CHM has accomplished over $8.7 billion in medical bill sharing since its inception.
CHM operates on the belief that Christians should share their resources to help those in need. Members voluntarily contribute their resources to a pool, which is then used to pay for the medical bills of other members. This mutual support helps ensure that no one is left in need. CHM offers various programs, including Gold, Silver, and Bronze, with costs ranging from $255 to $615 per month. Members can also opt for an additional program called Brother's Keeper, which offers unlimited cost sharing for Gold members and an additional $100,000 per year for Silver and Bronze members. Furthermore, CHM has programs to support individuals with pre-existing conditions, such as the Prayer Page, which allows members to donate towards the medical bills of those in need.
Christian Healthcare Ministries Inc is more than just a health care sharing ministry; it's a community of believers who support each other spiritually and financially. Members can call, write, or post prayer requests on the CHM social media platforms. Staff members communicate all prayer requests to other staff members and pray over them during weekly chapel services. This emphasis on prayer and spiritual support sets CHM apart from other health care solutions and strengthens the bond between its members.
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Impact
October, 2024
Christian Healthcare Ministries Inc (CHM) has made a significant impact by facilitating a unique healthcare sharing model that emphasizes community, faith, and mutual support among its members. Founded in 1981, CHM allows Christians to voluntarily share each other’s medical bills based on biblical teachings, encapsulated in verses like Galatians 6:2, which encourages believers to bear each other’s burdens.
Over its 41 years, CHM members have collectively shared more than $8.7 billion in medical expenses, demonstrating a powerful commitment to mutual aid and support within the Christian community. In 2022 alone, CHM supported its members by facilitating the sharing of $671,422,895 for medical needs, showcasing the financial relief and assistance it provides to its participants.
CHM prioritizes accessibility and inclusivity, with membership open to all Christians without regard to age, health history, or geographical location. This accessible model has grown to encompass over 176,000 Christian households, serving more than 406,000 individuals. The cost-sharing structure is designed to be affordable, with monthly contributions ranging from $255 to $615, ensuring that health care remains within reach for many families.
The organization also addresses the needs of those facing pre-existing conditions through special programs like the Prayer Page, where members can contribute to and support each other's medical needs. In 2022, over $4.2 million was allocated to support these pre-existing condition needs through voluntary donations by members.
Beyond financial support, CHM fosters a spiritual community, offering prayer support and encouragement to its members. This creates an environment where not only physical needs are met but also spiritual care is prioritized. Regular prayer requests and praise reports are shared, emphasizing the importance of community and faith in the healing process.
In summary, CHM's impact lies in its ability to combine healthcare sharing with an active community of support, grounded in Christian values. This model not only alleviates financial burdens but also strengthens bonds among members as they live out their faith by caring for one another.
This information is meant to be a general summary of Christian Healthcare Ministries 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: $1,949,330
- Gross Receipts: $754,413,355
Assets and Liabilities:
- Total Assets: $164,612,180
- Total Liabilities: $4,694,520
- Net Assets: $159,917,660
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Organization Details
Founding Year
2001
Principal Officer
J Craig Brown Ii
Main Address
127 HAZELWOOD AVENUE, BARBERTON, OH, 44203
Website
www.chministries.orgNTEE Category
Code: X20 - Religion related
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