Overview
What is South Shore Hospital Corporation?
South Shore Hospital Corporation is a not-for-profit hospital situated in Chicago, Illinois (IL, 60617). The organization is committed to delivering top-quality healthcare services to the local community, irrespective of patients' ability to pay. Under its charity care policy, the hospital forgave approximately $342,208 in charges for services and supplies in 2022. In addition to charity care, the hospital offers various community benefits, including mentoring programs for children, volunteering, and health fairs. With a workforce of 466 employees, the hospital's mission is to foster the overall wellbeing of the south shore community by providing essential healthcare services and empowering children to complete their education.
Official website here: www.southshorehospital.com
What are the reviews and ratings of this charity?
Charity Navigator Rating 77% - Three-Star out of Four Star Rating
South Shore Hospital Corporation has achieved a Three-Star rating from Charity Navigator, reflecting a solid score of 77% based entirely on its Accountability & Finance metrics. The organization demonstrates strong governance with 92% of its board members being independent, and it maintains rigorous financial oversight, as evidenced by high scores in areas like financial statement audits and governance policies.
Strengths of South Shore Hospital Corporation include its effective management of program expenses, which constitute 73.59% of its expenditures, indicating a focus on its mission-driven activities. Additionally, the organization has a well-structured board and robust policies in place to ensure accountability, such as conflict of interest and whistleblower policies.
However, the organization faces some challenges, particularly with its liabilities to assets ratio, which is notably low at 93.67%. This aspect suggests potential financial strain or over-leverage, which could impact its long-term sustainability and ability to fulfill its mission effectively. Overall, while South Shore Hospital Corporation shows promising strengths, attention to its financial ratios will be crucial moving forward.
This AI summary has been generated from information found on Charity Navigator.
Is South Shore Hospital Corporation legitimate?
South Shore Hospital Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. South Shore Hospital Corporation 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: $835,135
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.southshorehospital.com
What is the mission statement of South Shore Hospital Corporation?
South Shore Hospital Corporation is a not-for-profit entity committed to delivering top-quality healthcare to its community. The hospital offers charitable care to eligible individuals, waiving charges totaling approximately $342,208 in 2022. In addition to charity care, the hospital engages in various community initiatives, such as providing mentors and volunteers, and sponsoring health fairs. Employees of the hospital participate in a mentoring program, aimed at inspiring students to complete their high school education and prepare for employment. The hospital's mission is to prioritize the well-being of its patients, regardless of their ability to pay, and to foster holistic community development.
Official website here: www.southshorehospital.com
Who is the CEO of South Shore Hospital Corporation?
Unavailable The CEO's salary of South Shore Hospital Corporation is $246,634 and their total compensation is $295,842.
Official website here: www.southshorehospital.com
What is the revenue of South Shore Hospital Corporation?
South Shore Hospital Corporation's revenue in 2022 was $47,039,828.
Official website here: www.southshorehospital.com
Who are the executives of South Shore Hospital Corporation and what are their salaries?
The average compensation at South Shore Hospital Corporation during 2022 was $1,792. There are 466 employees and 37 volunteers at South Shore Hospital Corporation.
Here are 22 key members and their salaries (South Shore Hospital Corporation's CEO's salary is $246,634 and their total compensation is $295,842):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $246,634
- Related: $0
- Other: $49,208
- Compensation: $0
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- Other: $0
- Compensation: $279,247
- Related: $0
- Other: $38,709
- Compensation: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Compensation: $129,609
- Related: $0
- Other: $30,488
- Compensation: $57,478
- Related: $0
- Other: $6,761
- Compensation: $221,095
- Related: $0
- Other: $17,684
- Compensation: $224,667
- Related: $0
- Other: $11,711
- Compensation: $183,228
- Related: $0
- Other: $7,634
- Compensation: $186,111
- Related: $0
- Other: $19,492
- Compensation: $200,804
- Related: $0
- Other: $12,040
Official website here: www.southshorehospital.com
Where can I find the form 990 for South Shore Hospital Corporation?
South Shore Hospital Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.southshorehospital.com
Learn more at the official website: www.southshorehospital.com
Mission Statement of South Shore Hospital Corporation
South Shore Hospital Corporation, a not-for-profit organization, is committed to delivering top-quality healthcare services to the community it serves. With a dedication to prioritizing patient care above all, the hospital forgone approximately $997,654 in charges for services under its charity care policy in the year ending December 31, 2022.
The hospital's mission extends beyond providing healthcare services to those in need. It also offers various community benefits, such as sponsoring health fairs and offering mentoring programs, showcasing its dedication to the overall wellbeing of its community members. The mentoring program, in particular, aims to inspire children to complete their high school education and prepare them for employment, emphasizing the importance of education in their lives.
South Shore Hospital Corporation's acute care facility caters to all patients, regardless of their ability to pay. Under its charity care policy, the hospital provides essential healthcare services, including supplies, to those who meet certain criteria, often at no charge or significantly reduced rates. The financial impact of these services was approximately $342,208 during the aforementioned year.
In addition to its charity care policy, the hospital's employees actively contribute to the community by participating in a mentoring program, where they motivate students and instill the importance of education in their lives. All these efforts reaffirm South Shore Hospital Corporation's commitment to the wellbeing and development of its community.
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Impact
October, 2024
South Shore Hospital Corporation significantly enhances the health and well-being of the South Shore community through its commitment to providing high-quality healthcare services to all individuals, regardless of their ability to pay. In 2022, the hospital forgave approximately $997,654 in charges for services under its charity care policy, ensuring access to essential medical care for those in need. This dedication to community health is further exemplified by the provision of additional services and initiatives, such as organizing health fairs, which promote awareness and education about health issues.
Moreover, South Shore Hospital actively engages in community development through mentorship programs for children. Hospital employees participate in efforts to motivate students to complete their high school education, emphasizing the value of education and preparing them for future employment opportunities. This multifaceted approach, which combines direct healthcare provision with community-focused initiatives, underscores South Shore Hospital Corporation's vital role in fostering a healthier and more educated community in Chicago, IL.
This information is meant to be a general summary of South Shore Hospital Corporation. 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.
- Program Service Revenue: $30,693,416
- Gross Receipts: $47,067,481
Assets and Liabilities:
- Total Assets: $18,381,938
- Total Liabilities: $17,218,832
- Net Assets: $1,163,106
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEDICARE/MEDICAID PAYMENTS
Revenue
$27,827,174
PATIENT SERVICE REVENUE
Revenue
$2,711,744
RENTAL INCOME
Revenue
$154,498
Organization Details
Founding Year
1976
Phone
(773) 356-5312Main Address
8012 South Crandon Avenue, Chicago, IL, 60617
Website
www.southshorehospital.comNTEE Category
Code: E220 - Health
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