Overview
What is Memorial Hospital?
Memorial Hospital, a medical and surgical institution based in Owosso, Michigan, is dedicated to delivering inpatient and outpatient healthcare services to patients. With an impressive tally of 3,736 discharges and 23,217 patient days, the hospital performed 769 inpatient surgeries and welcomed 465 newborns. Memorial Hospital's mission is to promote health and provide quality, compassionate care in their region by upholding service excellence, teamwork, and innovation. Employing a team of 1,887 individuals, this nonprofit institution is committed to delivering healthcare services with dedication and professionalism.
Official website here: www.memorialhealthcare.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
Memorial Hospital has received a Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. The overall score is based solely on a single beacon score that emphasizes the organization's strong financial practices. With 100% of the score coming from Accountability & Finance, the hospital demonstrates effective management of its resources.
The organization showcases robust governance practices, with 52% independent board members and a commitment to transparency through various policies, including conflict of interest and whistleblower policies. Financially, Memorial Hospital has a low liabilities-to-assets ratio of 47.79%, reflecting a stable financial position as well as a high program expense ratio of 87.46%, suggesting that a significant portion of its resources is allocated to its mission-driven programs.
While the data highlights substantial strengths, such as a dedicated independent board and rigorous financial oversight, no specific limitations or potential areas for improvement have been noted. Overall, the rating and feedback indicate that Memorial Hospital operates with a commendable level of integrity and effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Memorial Hospital legitimate?
Memorial Hospital is a legitimate nonprofit organization registered as a 501(c)(3) entity. Memorial 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: $4,729,286
Professional Fundraising Fees: $0
Other Salaries and Wages: $101,372,317
For more financial information, click here
Official website here: www.memorialhealthcare.org
What is the mission statement of Memorial Hospital?
Memorial Hospital is dedicated to promoting health and delivering quality, compassionate healthcare to patients. The hospital's commitment extends beyond just medical services, emphasizing service excellence, teamwork, and innovation. With a focus on patient care, Memorial Hospital recorded 3,736 inpatient discharges and 23,217 patient days in a given period. The facility performed 769 inpatient surgeries and welcomed 465 new births. By prioritizing quality healthcare and maintaining a strong dedication to patient needs, Memorial Hospital continues to make a significant impact on the health and wellbeing of those it serves.
Official website here: www.memorialhealthcare.org
Who is the CEO of Memorial Hospital?
Jorri Tremain is the Member of Memorial Hospital. The CEO's salary of Memorial Hospital is $644,722 and their total compensation is $666,560.
Official website here: www.memorialhealthcare.org
What is the revenue of Memorial Hospital?
Memorial Hospital's revenue in 2022 was $257,101,163.
Official website here: www.memorialhealthcare.org
Who are the executives of Memorial Hospital and what are their salaries?
The average compensation at Memorial Hospital during 2022 was $56,228. There are 1887 employees and 73 volunteers at Memorial Hospital.
Here are 26 key members and their salaries (Memorial Hospital's CEO's salary is $644,722 and their total compensation is $666,560):
- Compensation: $100,533
- Related: $0
- Other: $8,756
- Compensation: $644,722
- Related: $0
- Other: $21,838
- Compensation: $416,816
- Related: $0
- Other: $27,327
- Compensation: $335,105
- Related: $0
- Other: $27,959
- Compensation: $454,042
- Related: $0
- Other: $23,320
- Compensation: $297,305
- Related: $0
- Other: $24,241
- 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: $337,786
- Related: $0
- Other: $28,160
- Compensation: $602,238
- Related: $0
- Other: $29,626
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $219,467
- Related: $0
- Other: $7,546
- Compensation: $395,312
- Related: $0
- Other: $30,084
- Compensation: $383,442
- Related: $0
- Other: $24,458
- Compensation: $262,336
- Related: $0
- Other: $26,867
- Compensation: $1,238,740
- Related: $0
- Other: $29,993
- Compensation: $1,040,093
- Related: $0
- Other: $24,613
- Compensation: $807,759
- Related: $0
- Other: $28,894
- Compensation: $876,566
- Related: $0
- Other: $21,347
- Compensation: $760,146
- Related: $0
- Other: $29,588
Official website here: www.memorialhealthcare.org
Where can I find the form 990 for Memorial Hospital?
Memorial Hospital's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.memorialhealthcare.org
Learn more at the official website: www.memorialhealthcare.org
Mission Statement of Memorial Hospital
Memorial Hospital, a leading healthcare provider, is dedicated to promoting health and delivering top-quality, compassionate care to patients in the region. The organization's mission is centered around service excellence, teamwork, and innovation.
In pursuance of its mission, Memorial Hospital offers a wide range of medical and surgical services to both inpatients and outpatients.每年，该医院救援了3,736名患者，提供了23,217个患者日，执行了769项major surgery，并生出了465名新生儿。 These statistics underscore the hospital's commitment to providing comprehensive healthcare services to its patients.
Memorial Hospital's team of dedicated healthcare professionals works tirelessly to ensure that each patient receives the best possible care. They are committed to maintaining a high standard of service excellence by utilizing the latest medical technology and treatment methods. Furthermore, the hospital fosters a collaborative work environment that encourages teamwork, enabling its staff to provide coordinated, efficient care to patients.
Moreover, Memorial Hospital places a strong emphasis on innovation, continually exploring new ways to improve patient care and outcomes. By staying at the forefront of medical advancements, the hospital ensures that its patients have access to the latest treatments and technologies. The organization's unwavering commitment to service excellence, teamwork, and innovation makes Memorial Hospital a trusted and respected healthcare provider in the community.
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Impact
October, 2024
Memorial Hospital plays a vital role in the health and well-being of the Owosso, MI community by providing essential healthcare services to all patients. With a commitment to excellence and compassionate care, the hospital addresses a significant need for medical and surgical services in the region.
In the past year, Memorial Hospital has managed 3,736 inpatient discharges and recorded 23,217 patient days, reflecting its capacity to care for a diverse range of health issues. The facility has performed 769 inpatient surgeries, demonstrating its capability to handle complex medical procedures that require a hospital setting. Additionally, the hospital has welcomed 465 births, marking it as a key provider of maternal and newborn care in the area.
The hospital's mission focuses on promoting health and delivering quality care, which is achieved through collaboration and innovation among its dedicated staff. By prioritizing service excellence and teamwork, Memorial Hospital ensures that its patients receive not just treatment, but an overall enriching healthcare experience, fostering better health outcomes for the community it serves.
This information is meant to be a general summary of Memorial 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 2022.
- Investment Income: $641,750
- Program Service Revenue: $250,920,336
- Gross Receipts: $257,798,587
Assets and Liabilities:
- Total Assets: $191,179,125
- Total Liabilities: $91,371,330
- Net Assets: $99,807,795
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
NET PATIENT SERVICE REVENUE
Revenue
$245,999,413
PHYSICIAN REVENUE
Revenue
$4,868,834
BILLING SERVICE REVENUE
Revenue
$52,089
Organization Details
Founding Year
1919
Phone
(989) 723-5211Principal Officer
Jorri Tremain
Main Address
826 WEST KING STREET, OWOSSO, MI, 48867
Website
www.memorialhealthcare.orgNTEE Category
Code: E220 - Health
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