Overview
What is Drew Memorial Hospital Inc?
Drew Memorial Hospital Inc, located at 778 Scogin Drive, Monticello, AR 71655, is a dedicated nonprofit healthcare provider committed to delivering top-notch medical services in a competent, effective, and efficient manner to the residents of Drew County and surrounding communities. Their mission goes beyond just healing; they aim to enhance overall wellness in Southeast Arkansas. The organization's core values include upholding a friendly, professional environment, expanding necessary healthcare services, promoting good health and wellness through community education, and operating in an economically sound manner. With a team of 545 employees, Drew Memorial Hospital is dedicated to providing a quality experience, respecting everyone, and maintaining the values of accountability, teamwork, honesty, trust, creativity, innovation, and premier service.
Official website here: www.drewmemorial.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 93% (Four-Star out of Four Star rating)
Drew Memorial Hospital Inc has achieved an impressive 93% rating, indicating strong performance in accountability and finance. This rating is derived solely from the accountability metrics, showcasing the organization's commitment to maintaining high standards in these areas. The evaluation reflects a well-governed organization, with a fully independent board and robust financial oversight measures in place.
Strengths highlighted include the institution's strong board structure, with all members being independent and well-qualified. The hospital also maintains excellent financial practices, demonstrated by a program expense ratio of 78.78%, ensuring that a significant portion of its resources directly supports its mission. The presence of comprehensive policies related to conflicts of interest and whistleblower protections further underscores its dedication to transparency and ethical governance.
While the organization shows a healthy financial standing, with a liabilities to assets ratio of 53.59%, the focus on accountability suggests that ongoing monitoring and management of liabilities will be essential. Overall, Drew Memorial Hospital Inc exemplifies a nonprofit that prioritizes fiscal responsibility and ethical practices within its governance framework.
This AI summary has been generated from information found on Charity Navigator.
Is Drew Memorial Hospital Inc legitimate?
Drew Memorial Hospital Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Drew Memorial Hospital 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: $496,881
Professional Fundraising Fees: $0
Other Salaries and Wages: $11,759,047
For more financial information, click here
Official website here: www.drewmemorial.org
What is the mission statement of Drew Memorial Hospital Inc?
Drew Memorial Hospital Inc is dedicated to improving healing, health, and wellness in Southeast Arkansas. The hospital's mission encompasses several key objectives. Firstly, it aims to provide a welcoming, professional environment that prioritizes quality and adherence to regulations while respecting and valuing everyone. Secondly, Drew Memorial Hospital strives to expand necessary healthcare services to cater to the needs of the community. Thirdly, it promotes health and wellness through community education and facilities. Fourthly, the hospital upholds the values of accountability, teamwork, quality, honesty, trust, creativity, innovation, and premier service. Lastly, it operates in a financially sound manner.
Official website here: www.drewmemorial.org
Who is the CEO of Drew Memorial Hospital Inc?
Scott Barrilleaux is the CEO of Drew Memorial Hospital Inc The CEO's salary of Drew Memorial Hospital Inc is $167,538 and their total compensation is $175,162.
Official website here: www.drewmemorial.org
What is the revenue of Drew Memorial Hospital Inc?
Drew Memorial Hospital Inc's revenue in 2024 was $20,785,138.
Official website here: www.drewmemorial.org
Who are the executives of Drew Memorial Hospital Inc and what are their salaries?
The average compensation at Drew Memorial Hospital Inc during 2024 was $24,710. There are 496 employees and 35 volunteers at Drew Memorial Hospital Inc.
Here are 14 key members and their salaries (Drew Memorial Hospital Inc's CEO's salary is $167,538 and their total compensation is $175,162):
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- Compensation: $93,462
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- Other: $2,500
- Compensation: $90,000
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- Other: $550
- Compensation: $52,250
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- Other: $2,160
- Compensation: $73,451
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- Other: $7,347
- Compensation: $167,538
- Related: $0
- Other: $7,624
- Compensation: $297,692
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- Other: $7,624
- Compensation: $104,111
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- Other: $0
- Compensation: $105,073
- Related: $0
- Other: $475
Official website here: www.drewmemorial.org
Where can I find the form 990 for Drew Memorial Hospital Inc?
Drew Memorial Hospital Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.drewmemorial.org
Learn more at the official website: www.drewmemorial.org
Mission Statement of Drew Memorial Hospital Inc
Drew Memorial Hospital Inc, a dedicated healthcare institution, is on a mission to enhance healing, health, and wellness in Southeast Arkansas. The organization's commitment extends beyond providing quality healthcare services; it also aims to expand healthcare offerings, promote good health through community education and facilities, and uphold values such as accountability, teamwork, honesty, trust, creativity/innovation, and premier service.
Drew Memorial Hospital's mission is multifaceted. First and foremost, it strives to create a welcoming and professional environment, where every individual is respected and appreciated. Second, the institution aims to expand the necessary healthcare services to cater to the needs of the community. Third, it places significant importance on health and wellness, recognizing the value of preventative measures and community education. Lastly, Drew Memorial Hospital is economically sound, ensuring sustainable growth and continued service to the community.
In practice, Drew Memorial Hospital embodies its mission through various initiatives. It provides a friendly, professional environment where patients can receive top-quality care. The organization is dedicated to maintaining compliance with industry standards and regulations, ensuring the wellbeing of those in its care. Drew Memorial Hospital also recognizes the importance of good health and wellness, and offers community education and facilities to promote these values. By upholding its core values and providing exceptional healthcare services, Drew Memorial Hospital continues to make a positive impact on the lives of those it serves.
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Impact
October, 2024
Drew Memorial Hospital Inc significantly enhances healthcare access and quality for residents of Drew County and surrounding areas in Southeast Arkansas. By providing a comprehensive range of high-quality health services, the hospital addresses the diverse medical needs of the community, fostering a healthier population.
The hospital's commitment to creating a friendly and professional environment ensures patients receive compassionate care while adhering to the highest standards of compliance and quality. By expanding necessary healthcare services and promoting wellness through community education, Drew Memorial Hospital actively engages in preventive health measures that empower residents to make informed health decisions.
Additionally, the hospital's focus on core values such as accountability, teamwork, and innovation contributes to a culture of excellence and trust, essential for nurturing long-term patient relationships. Overall, Drew Memorial Hospital plays a vital role in enhancing healing, health, and wellness in the region, leading to improved health outcomes for the community it serves.
This information is meant to be a general summary of Drew Memorial Hospital 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 2024.
- Investment Income: $133,569
- Program Service Revenue: $23,511,456
- Gross Receipts: $20,785,138
Assets and Liabilities:
- Total Assets: $65,272,333
- Total Liabilities: $33,189,387
- Net Assets: $32,082,946
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PATIENT SERVICE REVENUE
Revenue
$21,905,423
OTHER PROGRAM SERVICE REVENUE
Revenue
$1,554,455
MEDICAL OFFICE RENT
Revenue
$51,578
Organization Details
Founding Year
2011
Principal Officer
Mike Akin
Website
www.drewmemorial.orgNTEE Category
Code: E20 - Health
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