Overview
What is Memorial Member Association Inc?
Memorial Member Association Inc is a nonprofit organization situated in Medford, Wisconsin. With a mission to promote local healthcare and support local organizations, they actively contribute to the community's wellbeing. During the fiscal year, they made donations to enhance mental health services in the local school district and supported Aspirus Medford Hospital & Clinics with funds for their Community Needs Program. This program includes initiatives like health professional education scholarships, mental health programs, and various wellness activities. The association acts as a representative and overseer for Aspirus Medford Hospital & Clinics and manages the financial assets entrusted to them.
Official website here: www.aspirus.org
What are the reviews and ratings of this charity?
Charity Navigator rates Memorial Member Association Inc with an 81%, awarding it a Three-Star out of Four Star rating. This rating reflects strong performance primarily in the Accountability & Finance category, which contributes 100% to its overall score. The organization demonstrates a commitment to transparency and governance, as evidenced by its full compliance in various accountability metrics.
One of the notable strengths of Memorial Member Association Inc is its board structure, with 81% of its members being independent, which enhances its governance. Additionally, the organization has a low liabilities-to-assets ratio of 0.02%, indicating strong financial stability. The high program expense ratio of 99.90% suggests that the majority of its funds are being allocated towards its programs, rather than administrative costs.
There are no significant limitations noted in the rating data, as the organization has shown compliance in key areas such as conflict of interest policies and document retention. Overall, the ratings indicate that Memorial Member Association Inc operates with a high level of accountability and effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Memorial Member Association Inc legitimate?
Memorial Member Association Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Memorial Member Association 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.
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Official website here: www.aspirus.org
What is the mission statement of Memorial Member Association Inc?
Memorial Member Association Inc focuses on promoting local healthcare and supporting local organizations. The association represents the health care interests of the community and manages the financial assets entrusted to it. Throughout the fiscal year, Memorial Member Association made financial contributions towards mental health provider and supplemental program funding in a local school district. Additionally, they donated to Aspisus Hospital & Clinics Inc, providing support for their community needs program which includes scholarships for health profession education, mental health programs, and various wellness activities.
Official website here: www.aspirus.org
Who is the CEO of Memorial Member Association Inc?
Dale Hustedt is the President of Memorial Member Association Inc.
Official website here: www.aspirus.org
What is the revenue of Memorial Member Association Inc?
Memorial Member Association Inc's revenue in 2022 was $20,888,340.
Official website here: www.aspirus.org
Who are the executives of Memorial Member Association Inc and what are their salaries?
There 16 volunteers at Memorial Member Association Inc.
Here are 14 key members and their salaries:
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Official website here: www.aspirus.org
Where can I find the form 990 for Memorial Member Association Inc?
Memorial Member Association Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.aspirus.org
Learn more at the official website: www.aspirus.org
Mission Statement of Memorial Member Association Inc
Memorial Member Association Inc is a dedicated organization that prioritizes the promotion of local healthcare and supporting local communities. Committed to this cause, the Association has taken on the responsibility of representing and overseeing the interests of Aspirus Medford Hospital & Clinics, Inc.
In the pursuit of their mission, Memorial Member Association Inc has demonstrated financial support towards enhancing mental health services in their local school district. They have contributed generously to fund mental health provider and supplemental program initiatives. Furthermore, the organization has shown dedication to Aspirus Medford Hospital & Clinics, Inc. by making significant donations to bolster their Community Needs Program. This program encompasses various initiatives, including health professional education scholarships and tuition support, mental health programs, and other wellness activities.
By promoting local healthcare and advocating for the needs of their communities, Memorial Member Association Inc plays a pivotal role in ensuring that essential healthcare services are accessible and thriving. Their financial support not only contributes to the wellbeing of their communities but also empowers the next generation of healthcare professionals through educational scholarships. Ultimately, the Association's tireless efforts aim to improve the overall health and wellbeing of their communities.
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Impact
October, 2024
Memorial Member Association Inc plays a crucial role in enhancing local healthcare and supporting vital community organizations in Medford, Wisconsin. By promoting initiatives that prioritize health and wellness, the Association actively addresses the needs of its community.
In the past fiscal year, the organization made significant financial contributions, including donations to the School District of Medford to fund a mental health provider and supplementary programs. This investment targets the improvement of mental health services for students, thereby fostering a healthier learning environment.
Additionally, the Association supported Aspirus Medford Hospital & Clinics, Inc. through donations aimed at their Community Needs Program. This program not only provides scholarships and tuition support for health profession education but also facilitates mental health programs and other wellness activities. These efforts underscore the Association's commitment to promoting healthcare access and education within the community.
Through its initiatives, Memorial Member Association Inc fosters collaboration among local organizations, ensuring that residents have access to needed health resources and support. The impact of their work is reflected in enhanced health outcomes and increased community engagement in wellness programs.
This information is meant to be a general summary of Memorial Member Association 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: $888,310
- Gross Receipts: $22,357,532
Assets and Liabilities:
- Total Assets: $26,565,218
- Total Liabilities: $7,432
- Net Assets: $26,557,786
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Organization Details
Founding Year
1999
Phone
(715) 748-7507Principal Officer
Dale Hustedt
Main Address
135 SOUTH GIBSON ST, MEDFORD, WI, 54451
Website
www.aspirus.orgNTEE Category
Code: E112 - Health
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