Overview
What is Portage Legacy Inc F/K/A Portage Health Inc?
Portage Legacy Inc, formerly known as Portage Health Inc, is a nonprofit organization that ceased hospital operations as of December 1, 2013. Currently, it operates as a runout corporation, aiming to settle any outstanding receivables or liabilities that were not acquired by LifePoint Hospitals. The remaining assets will be distributed to organizations that contribute to the betterment of the community. Although the organization is no longer providing hospital services, it continues its mission to support community health by channeling its resources effectively.
Is Portage Legacy Inc F/K/A Portage Health Inc legitimate?
Portage Legacy Inc F/K/A Portage Health Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Portage Legacy Inc F/K/A Portage Health 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:
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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Portage Legacy Inc F/K/A Portage Health Inc?
After ceasing hospital operations on December 1, 2013, Portage Legacy Inc., formerly known as Portage Health Inc., now operates as a runout corporation. Its primary role is to settle any outstanding receivables or liabilities that were not purchased by LifePoint Hospitals. The remaining assets are then distributed to organizations that contribute to the health of the community. Unfortunately, the provided information does not include a specific mission statement for Portage Legacy Inc., as it is no longer an active nonprofit organization.
Who is the CEO of Portage Legacy Inc F/K/A Portage Health Inc?
James Bogan is the President of Portage Legacy Inc F/K/A Portage Health Inc.
What is the revenue of Portage Legacy Inc F/K/A Portage Health Inc?
Portage Legacy Inc F/K/A Portage Health Inc's revenue in 2022 was -$464,638.
Who are the executives of Portage Legacy Inc F/K/A Portage Health Inc and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990 for Portage Legacy Inc F/K/A Portage Health Inc?
Portage Legacy Inc F/K/A Portage Health Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Portage Legacy Inc F/K/A Portage Health Inc
Portage Legacy Inc F/K/A Portage Health Inc, a formerly active nonprofit organization, has ceased its hospital operations as of December 1, 2013. Now operating as a runout corporation, its primary function is to settle any remaining receivables or liabilities that were not purchased by LifePoint Hospitals. The remaining assets of the organization are distributed to other organizations that contribute to the health of the community. Despite its termination, Portage Legacy Inc F/K/A Portage Health Inc continues to make an impact by supporting initiatives that promote health and wellbeing in its community.
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Impact
October, 2024
Portage Legacy Inc F/K/A Portage Health Inc has had a significant impact on the healthcare landscape of the Hancock, MI community, particularly through its transition and the process of settling its responsibilities after ceasing hospital operations on December 1, 2013. While the organization no longer provides health services, it plays a critical role in managing the aftermath of its closure by addressing outstanding receivables and liabilities. This effort is essential for ensuring a smooth transition for patients and other stakeholders affected by the closure.
Furthermore, the distribution of remaining assets to organizations that contribute to community health reflects a commitment to supporting local health initiatives, even in its runout phase. This approach ensures that the legacy of Portage Health continues through financial support to other health-related programs, helping to mitigate the impact of its absence on community healthcare services. Overall, Portage Legacy Inc's activities aim to foster continuity in community health support and contribute to the ongoing health and well-being of residents in the area.
This information is meant to be a general summary of Portage Legacy Inc F/K/A Portage Health 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 2022.
- Investment Income: -$464,638
- Gross Receipts: $199,876
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Organization Details
Founding Year
1948
Phone
(906) 487-8000Principal Officer
James Bogan
Main Address
500 CAMPUS DRIVE, HANCOCK, MI, 49930
NTEE Category
Code: E20 - Health
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