Overview
What is Palos Community Hospital?
Palos Community Hospital is a 501(c)(3) nonprofit organization based in Chicago, Illinois, with a location at 541 N Fairbanks Court Suite 1630. The hospital offers both inpatient and outpatient healthcare services and has 425 licensed beds. It serves the southwest suburbs of Cook County and the northeastern sections of Will County, providing over 86,900 patient days and 163,000 outpatient visits during fiscal year 2020. The primary mission of Palos is to provide high-quality, responsive healthcare that caters to the evolving needs of the community, with a workforce of over 3,500 employees dedicated to this commitment.
Official website here: www.paloshealth.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 85% (Three-Star out of Four Stars)
Palos Community Hospital has received an 85% rating, translating to a Three-Star designation. This score reflects a strong emphasis on accountability and finance, with the organization excelling in several key areas such as independent board governance and comprehensive financial statements, which were audited thoroughly. Notably, the hospital has shown no material diversion of assets, indicating a commitment to ethical financial practices.
The majority of its board members are independent, ensuring oversight and accountability. The organization has also put in place essential policies, including conflict of interest and whistleblower protections, enhancing its operational transparency. Additionally, the program expense ratio of over 80% suggests that a significant portion of its resources is directed toward its mission-related activities, which is a positive indicator of efficient resource utilization.
However, the hospital's liabilities to assets ratio at 64.02% may raise some concerns about its financial health, indicating that a considerable portion of its assets is tied up in liabilities. This aspect could be an area for improvement in future financial strategies. Overall, Palos Community Hospital demonstrates a solid foundation in governance and financial responsibility while having room for growth in balancing its liabilities.
This AI summary has been generated from information found on Charity Navigator.
Is Palos Community Hospital legitimate?
Palos Community Hospital is a legitimate nonprofit organization registered as a 501(c)(3) entity. Palos Community Hospital 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: $2,854,095
Professional Fundraising Fees: $0
Other Salaries and Wages: $185,901,630
For more financial information, click here
Official website here: www.paloshealth.com
What is the mission statement of Palos Community Hospital?
Palos Community Hospital is a non-profit health care institution dedicated to meeting the inpatient and outpatient needs of the residents in southwestern Cook County and northeastern Will County. Their primary mission is to deliver top-notch patient care, tailored to the evolving health care requirements of the community they serve. The hospital is steadfast in its commitment to consistently assess the community's changing needs and adapt accordingly by offering appropriate services. Palos aims to provide a comprehensive range of health care solutions that cater to the diverse needs of its population. In pursuit of its mission, the hospital remains responsive and attuned to the unique requirements of the community it serves.
Official website here: www.paloshealth.com
Who is the CEO of Palos Community Hospital?
Dr Terrence Moisan is the President & Ceo of Palos Community Hospital. The CEO's salary of Palos Community Hospital is $864,215 and their total compensation is $914,108.
Official website here: www.paloshealth.com
What is the revenue of Palos Community Hospital?
Palos Community Hospital's revenue in 2020 was $435,235,363.
Official website here: www.paloshealth.com
Who are the executives of Palos Community Hospital and what are their salaries?
The average compensation at Palos Community Hospital during 2020 was $53,915. There are 3501 employees and 604 volunteers at Palos Community Hospital.
Here are 21 key members and their salaries (Palos Community Hospital's CEO's salary is $864,215 and their total compensation is $914,108):
- Compensation: $864,215
- Related: $0
- Other: $49,893
- Compensation: $572,568
- Related: $0
- Other: $35,285
- Compensation: $531,537
- Related: $0
- Other: $39,336
- Compensation: $494,598
- Related: $0
- Other: $19,682
- Compensation: $446,123
- Related: $0
- Other: $40,958
- Compensation: $434,108
- Related: $0
- Other: $37,888
- Compensation: $407,535
- Related: $0
- Other: $52,968
- Compensation: $397,824
- Related: $0
- Other: $42,751
- Compensation: $357,600
- Related: $0
- Other: $47,934
- Compensation: $294,003
- Related: $0
- Other: $30,035
- Compensation: $265,954
- Related: $0
- Other: $49,196
- Compensation: $266,965
- Related: $0
- Other: $27,732
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.paloshealth.com
Where can I find the form 990 for Palos Community Hospital?
Palos Community Hospital's most recent form 990 was submitted in 2020 and can be accessed here.
Official website here: www.paloshealth.com
Learn more at the official website: www.paloshealth.com
Mission Statement of Palos Community Hospital
Palos Community Hospital, a 501(c)(3) organization, is dedicated to delivering top-notch healthcare services that cater to the evolving requirements of the community in southwestern Cook County and northeastern parts of Will County. With a strong commitment to responsiveness, Palos strives to provide patient care of the highest quality.
The hospital's mission is multifaceted, aimed at addressing the dynamic healthcare needs of its diverse population. Palos continuously evaluates and responds to the community's changing needs, ensuring that its services remain relevant and effective. In pursuit of its mission, Palos provides inpatient and outpatient care, tailored to the unique health concerns of the people it serves. By staying attuned to the community's needs, Palos ensures that it offers healthcare solutions that truly make a difference in people's lives.
Founded on the principles of quality and responsiveness, Palos Community Hospital is a beacon of hope for the residents of southwestern Cook County and northeastern Will County. Its unwavering commitment to providing superior healthcare services has positioned it as a trusted community resource. Through its inpatient and outpatient offerings, Palos remains steadfast in its mission to improve the health and wellbeing of the individuals it serves.
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Impact
October, 2024
Palos Community Hospital plays a crucial role in addressing the health care needs of residents in southwestern Cook County and northeastern Will County. With 425 licensed beds, the hospital is equipped to provide comprehensive inpatient and outpatient services, ensuring access to vital health care for the community. In fiscal year 2020 alone, Palos recorded over 86,900 patient days and more than 163,000 outpatient visits, highlighting its significant impact on local health.
The hospital's commitment to high-quality patient care is evident in its continuous efforts to adapt to the evolving needs of the community it serves. By actively analyzing health trends and demands, Palos Community Hospital is able to offer relevant and responsive services, thereby enhancing the overall health and well-being of the populations in its vicinity. Its focus on community health positions Palos as a cornerstone of health care in the area, contributing to improved health outcomes and accessibility for countless individuals and families.
This information is meant to be a general summary of Palos Community Hospital. 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 2020.
- Investment Income: $190,301
- Program Service Revenue: $384,762,646
- Gross Receipts: $436,497,800
Assets and Liabilities:
- Total Assets: $668,091,225
- Total Liabilities: $427,735,817
- Net Assets: $240,355,408
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Net Patient Revenue
Revenue
$368,930,148
Provider Tax Revenue
Revenue
$17,133,346
JV Revenue
Revenue
-$1,300,848
Organization Details
Founding Year
1972
Phone
(312) 926-9495Principal Officer
Dr Terrence Moisan
Main Address
541 N Fairbanks Court Suite 1630, Chicago, IL, 60611
Website
www.paloshealth.comNTEE Category
Code: E22 - Health
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