Overview
What is Oakwood Healthcare Inc?
Oakwood Healthcare Inc, a Michigan-based nonprofit corporation originally established in 1948, operates as a subsidiary of Beaumont Health. With a focus on providing top-quality healthcare services, Oakwood Healthcare manages four hospitals in Southeastern Michigan: Beaumont Hospital, Dearborn; Beaumont Hospital, Wayne; Beaumont Hospital, Trenton; and Beaumont Hospital, Taylor. These hospitals offer various services, including inpatient care, emergency care, hyperbaric and wound care, mental health facilities, and 24-hour emergency care. Together, they have 1,104 licensed beds and registered 48,559 admissions and 30,506 total surgeries in 2021. During the COVID-19 pandemic, Oakwood Healthcare implemented various programs to ensure patient safety and support the community, such as curbside screening and testing sites, improved care standards, and infection prevention activities. Their mission remains steadfast: to provide excellence in care, healing, and health to the individuals and communities they serve.
Official website here: www.beaumont.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star Rating
Oakwood Healthcare Inc has achieved an impressive score of 96%, indicating a strong commitment to accountability and financial health. This rating is derived solely from its Accountability & Finance score, reflecting robust governance practices and effective financial management. The charity demonstrates a high level of transparency, with all required policies and procedures adequately in place.
The organization boasts a majority of independent board members, which enhances its governance, and it has received full points in critical areas such as financial audits and oversight. Furthermore, Oakwood Healthcare Inc maintains a solid program expense ratio of 92.73%, demonstrating that a significant portion of its expenditures directly supports its mission-driven programs.
While the organization has excelled in several areas, no specific limitations or concerns were reported in the feedback. Overall, Oakwood Healthcare Inc stands out as a well-managed nonprofit, suggesting that donors and supporters can have confidence in how their contributions are utilized.
This AI summary has been generated from information found on Charity Navigator.
Is Oakwood Healthcare Inc legitimate?
Oakwood Healthcare Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Oakwood Healthcare 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:
Executive Compensation: $3,778,481
Professional Fundraising Fees: $0
Other Salaries and Wages: $475,160,496
For more financial information, click here
Official website here: www.beaumont.org
What is the mission statement of Oakwood Healthcare Inc?
Oakwood Healthcare Inc is dedicated to delivering excellence in care, healing, and health to the individuals and communities it serves. With a focus on providing the highest quality healthcare services safely, effectively, and compassionately to all patients, regardless of their ability to pay, the organization has made significant strides in various medical fields such as orthopedics, neurol Sciences, women's health, heart and vascular care, and cancer treatment. In response to the COVID-19 pandemic, Oakwood Healthcare Inc implemented various programs and initiatives to support its communities, including curbside screening and testing sites, infection prevention activities, and improved and altered standards of care. The organization also managed its resources strategically to ensure the continued provision of compassionate care during this unprecedented time.
Official website here: www.beaumont.org
Who is the CEO of Oakwood Healthcare Inc?
Christina Freese Decker is the Principal Officer of Oakwood Healthcare Inc. The CEO's salary of Oakwood Healthcare Inc is $0 and their total compensation is $6,170,136.
Official website here: www.beaumont.org
What is the revenue of Oakwood Healthcare Inc?
Oakwood Healthcare Inc's revenue in 2021 was $1,345,891,330.
Official website here: www.beaumont.org
Who are the executives of Oakwood Healthcare Inc and what are their salaries?
The average compensation at Oakwood Healthcare Inc during 2021 was $38,484. There are 12445 employees and 294 volunteers at Oakwood Healthcare Inc.
Here are 32 key members and their salaries (Oakwood Healthcare Inc's CEO's salary is $0 and their total compensation is $6,170,136):
- Compensation: $0
- Related: $3,993,442
- Other: $2,176,694
- Compensation: $0
- Related: $4,468,665
- Other: $397,959
- Compensation: $0
- Related: $428,838
- Other: $57,035
- Compensation: $222,148
- Related: $0
- Other: $90,536
- Compensation: $170,550
- Related: $0
- Other: $0
- Compensation: $0
- Related: $33,005
- 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
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $524,858
- Other: $203,481
- Compensation: $0
- Related: $538,804
- Other: $25,364
- Compensation: $790,595
- Related: $0
- Other: $363,380
- Compensation: $446,149
- Related: $0
- Other: $183,031
- Compensation: $223,828
- Related: $0
- Other: $75,677
- Compensation: $256,857
- Related: $0
- Other: $10,415
- Compensation: $180,132
- Related: $0
- Other: $34,057
- Compensation: $1,221,839
- Related: $0
- Other: $20,533
- Compensation: $1,069,191
- Related: $0
- Other: $43,218
- Compensation: $977,776
- Related: $0
- Other: $38,136
- Compensation: $803,166
- Related: $0
- Other: $49,411
- Compensation: $774,756
- Related: $0
- Other: $61,987
- Compensation: $501,538
- Related: $0
- Other: $226,754
Official website here: www.beaumont.org
Where can I find the form 990 for Oakwood Healthcare Inc?
Oakwood Healthcare Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.beaumont.org
Learn more at the official website: www.beaumont.org
Mission Statement of Oakwood Healthcare Inc
Oakwood Healthcare Inc, a Michigan-based non-profit corporation, is dedicated to delivering excellence in care, healing, and health to the individuals and communities it serves. With a rich history dating back to 1948, this organization has been committed to improving the health and wellbeing of people for over seven decades.
At the heart of Oakwood Healthcare Inc's mission is a deep-rooted focus on providing top-quality healthcare services. Its hospitals, including Beaumont Hospital in Dearborn, Wayne, Trenton, and Taylor, have been serving their respective communities with expertise in various medical fields such as orthopedics, neurology, women's health, and cardiovascular care. These hospitals have earned numerous accreditations and are known for their clinical excellence and innovation.
Oakwood Healthcare Inc's commitment to its patients goes beyond the hospital walls. It operates over 60 outpatient sites and a retirement community, ensuring that the diverse communities it serves have access to comprehensive healthcare services. Additionally, it is a major teaching and research hospital, contributing to the advancement of medical knowledge and nurturing the next generation of healthcare professionals.
In response to the global COVID-19 pandemic, Oakwood Healthcare Inc implemented various strategic measures to ensure the continuity of care for its patients. These initiatives ranged from critical inventory management and the activation of pandemic protocols to community outreach programs and the establishment of curbside screening and testing sites. Despite the challenges presented by the pandemic, Oakwood Healthcare Inc remained steadfast in its mission to provide compassionate, extraordinary care to all patients, regardless of their ability to pay.
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Impact
October, 2024
Oakwood Healthcare Inc plays a vital role in enhancing the health and well-being of individuals and communities in Southeastern Michigan. With four hospitals and over 1,100 licensed beds, the organization offers a wide range of inpatient services, including advanced care in specialties such as orthopedics, neurosciences, women's health, and heart and vascular treatments.
The facilities under Oakwood Healthcare, such as Beaumont Hospital in Dearborn, are recognized for their clinical excellence and innovation, boasting credentials like Level II Trauma Center verification and primary stroke center accreditation. These hospitals not only serve as major teaching establishments, partnering with Wayne State University School of Medicine to host medical residency programs, but they also play a crucial role in community health and emergency care, especially through their targeted services and trauma management programs.
During the COVID-19 pandemic, Oakwood Healthcare demonstrated adaptability and resilience by implementing stringent protocols and community outreach initiatives. They established a COVID-19 hotline, provided curbside testing, and mobilized resources to manage increased patient loads while ensuring the safety and care standards remained high. Their efforts extended beyond just treating patients as they worked closely with public health authorities to coordinate comprehensive responses to the pandemic.
Through these initiatives, Oakwood Healthcare Inc. underscores its commitment to ensuring that quality healthcare is accessible to all, irrespective of financial circumstances. Their holistic approach to health care not only addresses immediate medical needs but also fosters long-term community health improvements, making a significant impact on the lives of residents in the region.
This information is meant to be a general summary of Oakwood Healthcare 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 2021.
- Investment Income: $22,807
- Program Service Revenue: $1,273,274,617
- Gross Receipts: $1,346,019,587
Assets and Liabilities:
- Total Assets: $1,208,336,161
- Total Liabilities: $478,052,255
- Net Assets: $730,283,906
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INPATIENT
Revenue
$594,271,076
OUTPATIENT
Revenue
$567,897,351
EMERGENCY
Revenue
$111,105,790
TEACHING REVENUE
Revenue
$400
Organization Details
Founding Year
1948
Phone
(616) 391-2022Principal Officer
Christina Freese Decker
Main Address
26901 BEAUMONT BLVD, SOUTHFIELD, MI, 48033
Website
www.beaumont.orgNTEE Category
Code: E21 - Health
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