Overview
What is Pederson Trust Fund For The Benefit Of Tomah Memorial Hospital?
The Pederson Trust Fund, situated in Tomah, Wisconsin, is a charitable organization dedicated to supporting Tomah Memorial Hospital. The Trust's primary objective is to offer financial assistance to the hospital, ensuring they can continue their mission of delivering healthcare services to the local community and its surrounding areas. To achieve this, the Trust invests its funds and distributes 75% of the annual income generated to Tomah Memorial Hospital. The Trust holds shares of the hospital as part of its commitment to its mission.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80%, Three-Star out of Four Star rating. This rating indicates that the Pederson Trust Fund For The Benefit Of Tomah Memorial Hospital demonstrates a solid level of accountability and financial health. The score reflects a commitment to maintaining a transparent and responsible operational framework, which is crucial for donor trust and support.
The organization has earned perfect scores in several key areas, including the independence of its board members and the absence of any material diversion of assets. Furthermore, it has a high program expense ratio of 97.80%, indicating that a significant majority of its funds are directed toward its charitable mission rather than administrative costs. This efficiency in resource allocation is a notable strength.
While the overall performance is commendable, the rating is solely based on the Accountability & Finance beacon and does not account for other potential areas of impact or effectiveness. This limited scope suggests that while the organization is financially sound, further evaluation of its programmatic outcomes might provide a more comprehensive view of its overall effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Pederson Trust Fund For The Benefit Of Tomah Memorial Hospital legitimate?
Pederson Trust Fund For The Benefit Of Tomah Memorial Hospital is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pederson Trust Fund For The Benefit Of Tomah 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:
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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Pederson Trust Fund For The Benefit Of Tomah Memorial Hospital?
The Pederson Trust Fund, established with the intention of providing permanent financial support, is committed to assisting Tomah Memorial Hospital. The Trust's primary objective is to distribute 75% of its annual investment income to the hospital, aiding in its mission to provide healthcare services to the residents of Tomah, Wisconsin, and its surrounding communities. By doing so, the Trust plays a crucial role in supporting the hospital's efforts to deliver essential healthcare services to its community.
What is the revenue of Pederson Trust Fund For The Benefit Of Tomah Memorial Hospital?
Pederson Trust Fund For The Benefit Of Tomah Memorial Hospital's revenue in 2023 was $74,580.
Who are the executives of Pederson Trust Fund For The Benefit Of Tomah Memorial Hospital and what are their salaries?
There 10 volunteers at Pederson Trust Fund For The Benefit Of Tomah Memorial Hospital.
Here are 10 key members and their salaries:
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Where can I find the form 990 for Pederson Trust Fund For The Benefit Of Tomah Memorial Hospital?
Pederson Trust Fund For The Benefit Of Tomah Memorial Hospital's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Pederson Trust Fund For The Benefit Of Tomah Memorial Hospital
The Pederson Trust Fund For The Benefit Of Tomah Memorial Hospital, established with a noble intention, aims to provide permanent financial support to Tomah Memorial Hospital. This trust's mission is to contribute to the hospital's objective of delivering healthcare services to the residents of Tomah, Wisconsin, and its surrounding communities. To achieve this, the trust is obligated to distribute 75% of its annual investment income to Tomah Memorial Hospital, thereby bolstering the hospital's ability to fulfill its mission effectively. The trust's role is instrumental in ensuring the hospital's continued operation and provision of essential healthcare services to its community.
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Impact
October, 2024
The Pederson Trust Fund for the Benefit of Tomah Memorial Hospital plays a crucial role in enhancing healthcare services for the residents of Tomah, Wisconsin, and surrounding areas. By distributing 75% of its annual investment income directly to the hospital, the Trust ensures a steady stream of financial support that underpins the hospital's operations, patient care, and community health initiatives.
This funding allows Tomah Memorial Hospital to invest in essential medical equipment, support innovative healthcare programs, and improve facilities, which, in turn, enriches the overall patient experience. The Trust's permanent financial backing helps stabilize the hospital's resources, enabling it to serve the community effectively, especially in times of healthcare challenges. Overall, the Pederson Trust significantly impacts the quality and accessibility of healthcare in the region, reinforcing the hospital's mission to provide comprehensive medical care.
This information is meant to be a general summary of Pederson Trust Fund For The Benefit Of Tomah 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 2023.
- Investment Income: $27,620
- Gross Receipts: $88,049
Assets and Liabilities:
- Total Assets: $742,791
- Total Liabilities: $0
- Net Assets: $742,791
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Organization Details
Founding Year
1970
Principal Officer
Greg Gaarder
NTEE Category
Code: E11 - Health
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