Overview
What is South Bend Medical Foundation?
The South Bend Medical Foundation, a nonprofit organization based in South Bend, Indiana, is dedicated to delivering quality and cost-effective pathology and blood banking services to hospitals, physicians, and patients. With a concentration of revenues from hospitals in the surrounding areas, the Foundation offers pathology services and maintains a blood bank business. Volunteers donate blood, which is then processed and sold to local hospitals. The Foundation extends assistance to individuals in need through free or reduced fee medical care at various locations and discounts for those without government-provided insurance coverage. In 2022, the Foundation granted $39,430 in patient medical assistance and $29,853 in time of service discounts. By focusing on providing the highest quality resources with the shortest response time and the latest technology, the South Bend Medical Foundation aims to effectively meet the needs of their clients.
Official website here: www.sbmf.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 96% (Four-Star out of Four Star rating)
The South Bend Medical Foundation has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and finance. The foundation's score is based entirely on a single beacon score, showcasing its robust financial practices, including no material diversions of assets and a high percentage of program expenses at 93.86%. This indicates that the majority of its resources are effectively directed towards its mission.
An independent board is a significant strength for the organization, with 85% of its board members being independent and overall strong governance practices in place. The foundation has established clear policies on conflict of interest, whistleblower protections, and document retention, all of which contribute to its transparent operations.
While the ratings highlight numerous strengths, there are no specific limitations or concerns noted in the data provided. The comprehensive oversight mechanisms and independent governance structures suggest a well-managed nonprofit committed to delivering on its mission.
This AI summary has been generated from information found on Charity Navigator.
Is South Bend Medical Foundation legitimate?
South Bend Medical Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. South Bend Medical 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: $1,327,395
Professional Fundraising Fees: $0
Other Salaries and Wages: $8,505,533
For more financial information, click here
Official website here: www.sbmf.org
What is the mission statement of South Bend Medical Foundation?
The South Bend Medical Foundation is dedicated to supplying top-tier and cost-effective pathology and blood banking services to hospitals, physicians, and patients. To fulfill this mission, the organization offers hospitals the shortest response time for high-quality pathology resources, considering the importance of length of stay in inpatient care. Additionally, the foundation ensures physicians receive the latest technology in pathology results and grants them easy access to consultative opportunities in both the medical and administrative aspects of their practices.
Official website here: www.sbmf.org
Who is the CEO of South Bend Medical Foundation?
Timothy Travis is the CEO of South Bend Medical Foundation The CEO's salary of South Bend Medical Foundation is $305,777 and their total compensation is $358,985.
Official website here: www.sbmf.org
What is the revenue of South Bend Medical Foundation?
South Bend Medical Foundation's revenue in 2023 was $18,443,942.
Official website here: www.sbmf.org
Who are the executives of South Bend Medical Foundation and what are their salaries?
The average compensation at South Bend Medical Foundation during 2023 was $54,933. There are 179 employees and 7 volunteers at South Bend Medical Foundation.
Here are 19 key members and their salaries (South Bend Medical Foundation's CEO's salary is $305,777 and their total compensation is $358,985):
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- Other: $0
- Compensation: $321,772
- Related: $0
- Other: $35,856
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- Other: $0
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- Other: $0
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- Compensation: $227,485
- Related: $0
- Other: $41,624
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- Compensation: $0
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- Other: $0
- Compensation: $305,777
- Related: $0
- Other: $53,208
- Compensation: $178,140
- Related: $0
- Other: $22,235
- Compensation: $278,958
- Related: $0
- Other: $19,844
- Compensation: $338,449
- Related: $0
- Other: $25,981
- Compensation: $294,088
- Related: $0
- Other: $38,439
- Compensation: $298,988
- Related: $0
- Other: $20,081
- Compensation: $281,491
- Related: $0
- Other: $32,275
Official website here: www.sbmf.org
Where can I find the form 990 for South Bend Medical Foundation?
South Bend Medical Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.sbmf.org
Learn more at the official website: www.sbmf.org
Mission Statement of South Bend Medical Foundation
South Bend Medical Foundation, a dedicated organization, is committed to delivering top-quality and cost-effective pathology and blood banking services to hospitals, healthcare professionals, and patients. The foundation's primary objective is to enhance the quality of patient care by ensuring hospitals receive the highest quality pathology resources in the shortest possible response time. This strategic approach not only improves the hospital experience but also achieves significant cost-effectiveness.
In addition to providing exceptional services to hospitals, South Bend Medical Foundation offers physicians the most advanced pathology results using cutting-edge technology. The organization offers readily accessible consultative opportunities, allowing medical professionals to make informed decisions concerning their practices. Consequently, the foundation's services contribute to better patient outcomes, ensuring the best possible care for each individual.
South Bend Medical Foundation is dedicated to fulfilling its mission by offering unparalleled pathology resources and unmatched response times. The foundation's commitment to cost-effectiveness enables it to deliver services that cater to the financial needs of its clients, ultimately enhancing the overall efficiency and success of healthcare institutions. By striving for excellence in every aspect of its operations, South Bend Medical Foundation remains an invaluable partner to the healthcare community.
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Impact
October, 2024
South Bend Medical Foundation significantly enhances healthcare delivery in Northern and Central Indiana and Southwestern Michigan by providing high-quality and cost-effective pathology and blood banking services. Its commitment to excellence ensures that hospitals and physicians have access to reliable pathology resources, which are essential for accurate diagnoses and effective patient care. By aiming for the shortest response times, the foundation helps improve patient outcomes and reduces length of hospital stays.
Additionally, South Bend Medical Foundation's blood bank initiative facilitates the donation and processing of blood from volunteers, ensuring that local hospitals are well-equipped to meet patient needs for transfusions and medical procedures. This critical service underscores the foundation's role in supporting the healthcare ecosystem.
Furthermore, the foundation actively assists individuals facing financial barriers to healthcare. In 2022, it provided $39,430 in patient medical assistance and $29,853 in discounts for those without government insurance or who opted not to file claims with commercial insurers. By offering reduced fees and charity care, South Bend Medical Foundation plays a pivotal role in expanding access to essential medical services, ensuring that even underserved populations receive necessary care.
This information is meant to be a general summary of South Bend Medical 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 2023.
- Investment Income: $660,802
- Program Service Revenue: $16,655,340
- Gross Receipts: $24,741,716
Assets and Liabilities:
- Total Assets: $48,622,291
- Total Liabilities: $12,007,241
- Net Assets: $36,615,050
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
NET OPERATING REVENUE
Revenue
$16,655,340
Organization Details
Founding Year
1946
Principal Officer
Joyce Simpson Md
Website
www.sbmf.orgNTEE Category
Code: E600 - Health
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