Overview
What is Presence Care Transformation Corporation?
Presence Care Transformation Corporation serves as the centralized management entity for Presence Health, offering corporate services and earning management fee income. By centralizing these services, Presence Health avoids duplication and optimizes the utilization of limited resources. The corporation provides various services, such as information technology and telehealth activities, on a centralized basis. As part of the Ascension Catholic health ministry, Presence Care Transformation Corporation supported Ascension's mission to care for patients, communities, and associates during the COVID-19 pandemic in the fiscal year 2022. Their mission is to enhance the health and well-being of all people in the communities they serve, rooted in the loving ministry of Jesus as a healer. They prioritize serving the poor and vulnerable, dedicating themselves to holistic care that sustains and improves individual and community health.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Presence Care Transformation Corporation has received a two-star rating from Charity Navigator, indicating that there are significant areas for improvement within its operations. With an overall score of 63%, the organization faces challenges particularly in governance and financial transparency, as evidenced by having no independent board members and missing key financial documents on its website.
Despite these governance issues, Presence Care demonstrates a commitment to its programs, with a program expense ratio of 69.13%, reflecting a substantial portion of its resources directed towards its mission. Additionally, the organization has scored well in areas such as audit oversight and conflict of interest policies, suggesting that it adheres to certain best practices in financial management and accountability.
However, the financial health of the organization raises concerns, highlighted by an alarming liabilities to assets ratio of 1047.58%. This signals potential instability, which could affect the organization’s ability to sustain its programs and services in the long term. Overall, while there are commendable aspects of Presence Care's operations, the lack of independent governance and financial vulnerabilities warrant cautious consideration from potential donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Presence Care Transformation Corporation legitimate?
Presence Care Transformation Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Presence Care Transformation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $8,358,846
For more financial information, click here
What is the mission statement of Presence Care Transformation Corporation?
Presence Care Transformation Corporation's mission is deeply rooted in the compassionate ministry of Jesus as a healer. They are committed to serving all individuals, with a special focus on those who are poor and vulnerable. Their mission is centered around providing spiritually-focused, holistic care that improves and sustains the health of individuals and communities. This organization also advocates for a more compassionate and just society, demonstrating their commitment through their actions and words.
Who is the CEO of Presence Care Transformation Corporation?
Unavailable
What is the revenue of Presence Care Transformation Corporation?
Presence Care Transformation Corporation's revenue in 2022 was $4,815,155.
Who are the executives of Presence Care Transformation Corporation and what are their salaries?
The average compensation at Presence Care Transformation Corporation during 2022 was $691. There are 12105 employees at Presence Care Transformation Corporation.
Here are 13 key members and their salaries:
- Compensation: $0
- Related: $539,482
- Other: $90,494
- Compensation: $0
- Related: $867,886
- Other: $85,540
- Compensation: $0
- Related: $1,950,596
- Other: $104,270
- Compensation: $0
- Related: $807,802
- Other: $66,495
- Compensation: $0
- Related: $293,042
- Other: $58,018
- Compensation: $0
- Related: $1,098,228
- Other: $96,562
- Compensation: $1,462,998
- Related: $0
- Other: $99,790
- Compensation: $1,163,102
- Related: $0
- Other: $36,164
- Compensation: $1,008,200
- Related: $0
- Other: $101,500
- Compensation: $1,156,546
- Related: $0
- Other: $87,602
- Compensation: $1,303,629
- Related: $0
- Other: $62,587
- Compensation: $0
- Related: $289,579
- Other: $19,890
- Compensation: $0
- Related: $133,642
- Other: $0
Where can I find the form 990 for Presence Care Transformation Corporation?
Presence Care Transformation Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Presence Care Transformation Corporation
Presence Care Transformation Corporation, rooted in the healing ministry of Jesus, is committed to serving all individuals, with a special focus on the poor and vulnerable. This nonprofit organization is dedicated to providing spiritually-centered, holistic care that improves and sustains the health of individuals and communities. By embracing a Catholic health ministry, Presence Care Transformation Corporation aims to create a compassionate and just society through its actions and words. The corporation advocates for the well-being of all people in the communities it serves, striving to uplift and support those who may be disadvantaged.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Presence Care Transformation Corporation significantly enhances the health and well-being of communities through its centralized management services. By streamlining operations for Presence Health, it effectively prevents duplication of services and optimizes resource utilization. This is especially critical in areas like information technology and telehealth, where centralized support can lead to more efficient and accessible care.
Rooted in a commitment to serve all individuals, particularly those who are poor and vulnerable, the organization emphasizes holistic care that addresses physical, emotional, and spiritual needs. During challenges like the COVID-19 pandemic, it has played a crucial role in supporting caregivers while maintaining a focus on compassionate, community-oriented healthcare. Through these efforts, Presence Care Transformation Corporation not only acts as a backbone for health services but also advocates for a more just and equitable society in its mission to care for those in need.
This information is meant to be a general summary of Presence Care Transformation 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.
- Investment Income: $117,852
- Program Service Revenue: $2,253,140
- Gross Receipts: $4,815,155
Assets and Liabilities:
- Total Assets: $151,006,187
- Total Liabilities: $1,335,398,152
- Net Assets: -$1,184,391,965
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Services to Affiliates
Revenue
$1,139,891
Rental Income from Affiliates
Revenue
$994,938
Interest Income from Patient Accounts
Revenue
$75,518
Net Patient Service Revenue
Revenue
$42,793
Organization Details
Founding Year
1985
Phone
(314) 733-8000Main Address
C/O TAX DEPARTMENT PO BOX 45998, ST LOUIS, MO, 631455998
NTEE Category
Code: E210 - Health
If you are a representative of Presence Care Transformation Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.