Overview
What is International Falls Memorial Hospital Association?
International Falls Memorial Hospital Association, doing business as Rainy Lake Medical Center, is a nonprofit organization based in International Falls, Minnesota. With a team of 240 employees, they offer accessible, high-quality healthcare services to their communities. In 2022, the medical center provided 1,999 inpatient days and attended to 5,885 emergency room visits. RLMC specializes in various surgical procedures, including general, orthopedic, and ophthalmology surgeries. They also provide imaging modalities, laboratory services, therapy services, and hospital ancillary services. The organization's mission is to provide quality healthcare using values of integrity, respect, compassion, and excellence through teamwork. Their vision includes being the preferred healthcare provider in their communities, focusing on patient and family-centered care, expanding services, fostering regional specialty relationships, and being a preferred healthcare employer.
Official website here: www.rainylakemedical.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
The International Falls Memorial Hospital Association has received a commendable Four-Star rating from Charity Navigator, indicating a strong commitment to accountability and financial health. The organization scored exceptionally well in various categories, achieving a perfect score for having an entirely independent board and robust financial oversight measures. This reflects a high level of transparency and governance, which is crucial for building trust with donors and the community.
Financially, the organization demonstrates effective management, with a program expense ratio of 81.09%, signifying that a significant portion of its resources is directly allocated to its programs and services. The liabilities-to-assets ratio of 41.27% further indicates that the hospital maintains a healthy balance sheet, ensuring that it can meet its financial obligations without jeopardizing operational integrity.
Overall, while the International Falls Memorial Hospital Association excels in accountability and financial management, it is important for potential donors and stakeholders to review their specific programs and community impact to fully understand the breadth of their work. The strong governance practices and financial stability position the organization well for continued service to the community.
This AI summary has been generated from information found on Charity Navigator.
Is International Falls Memorial Hospital Association legitimate?
International Falls Memorial Hospital Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. International Falls Memorial Hospital Association 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: $512,914
Professional Fundraising Fees: $0
Other Salaries and Wages: $12,939,410
For more financial information, click here
Official website here: www.rainylakemedical.com
What is the mission statement of International Falls Memorial Hospital Association?
The International Falls Memorial Hospital Association is dedicated to delivering accessible, high-quality healthcare to their communities. Guided by values of integrity and respect, compassion and excellence, they strive to be a preferred choice for healthcare services. Their commitment extends to providing patient- and family-centered care, expanding existing services, fostering regional specialty relationships, and prioritizing employee satisfaction. Their ultimate vision encompasses these elements, with a focus on continually improving healthcare outcomes for the community.
Official website here: www.rainylakemedical.com
Who is the CEO of International Falls Memorial Hospital Association?
Craig Boyer is the Chair of International Falls Memorial Hospital Association. The CEO's salary of International Falls Memorial Hospital Association is $305,731 and their total compensation is $358,168.
Official website here: www.rainylakemedical.com
What is the revenue of International Falls Memorial Hospital Association?
International Falls Memorial Hospital Association's revenue in 2022 was $35,022,338.
Official website here: www.rainylakemedical.com
Who are the executives of International Falls Memorial Hospital Association and what are their salaries?
The average compensation at International Falls Memorial Hospital Association during 2022 was $56,051. There are 240 employees and 22 volunteers at International Falls Memorial Hospital Association.
Here are 15 key members and their salaries (International Falls Memorial Hospital Association's CEO's salary is $305,731 and their total compensation is $358,168):
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- Compensation: $305,731
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- Other: $52,437
- Compensation: $87,112
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- Other: $6,840
- Compensation: $107,153
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- Other: $1,256
- Compensation: $356,798
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- Other: $20,243
- Compensation: $313,866
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- Other: $37,291
- Compensation: $254,464
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- Other: $43,255
- Compensation: $162,036
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- Other: $23,287
- Compensation: $161,707
- Related: $0
- Other: $5,016
Official website here: www.rainylakemedical.com
Where can I find the form 990 for International Falls Memorial Hospital Association?
International Falls Memorial Hospital Association's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.rainylakemedical.com
Learn more at the official website: www.rainylakemedical.com
Mission Statement of International Falls Memorial Hospital Association
International Falls Memorial Hospital Association, a committed organization, is dedicated to ensuring accessible, high-quality healthcare for its communities. With a strong belief in the values of integrity and respect, compassion and excellence, the Association's mission is to provide healthcare that meets the needs of its communities.
The Association's vision is multifaceted, with key elements including being the preferred choice of communities for healthcare, delivering patient- and family-centered care, expanding services, fostering regional specialty relationships, and establishing itself as a leading healthcare employer. By focusing on these elements, International Falls Memorial Hospital Association strives to make a positive impact on the health and wellbeing of the individuals it serves.
The organization's commitment to accessibility is evident in its efforts to make healthcare a choice for its communities. By offering a wide range of services and partnerships, it ensures that those in need can access the care they require. Patient- and family-centered care is at the heart of the Association's approach. It empowers patients and their families to play an active role in their healthcare journey, fostering a collaborative and respectful environment.
Expanding services is another crucial aspect of the Association's mission. By continually enhancing its offerings, it ensures that it remains responsive to the evolving healthcare needs of its communities. Additionally, the organization strengthens its regional relationships with other healthcare providers to ensure comprehensive care for its patients. As a preferred healthcare employer, it attracts and retains top talent, ensuring the delivery of exceptional care.
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Impact
October, 2024
International Falls Memorial Hospital Association significantly impacts the health and well-being of the surrounding communities by ensuring accessible, high-quality healthcare. Rainy Lake Medical Center (RLMC) is at the forefront of this mission, providing a comprehensive range of inpatient and outpatient hospital services. In 2022, the facility recorded 1,999 inpatient days and facilitated 5,885 emergency room visits, underscoring its critical role in urgent healthcare provision.
The hospital offers essential services, including general, orthopedic, and ophthalmology surgeries, alongside various imaging modalities and laboratory services. Additionally, therapy and other ancillary services cater to diverse patient needs, further enhancing the continuum of care available to the community.
RLMC's commitment to integrity, respect, compassion, and excellence through teamwork fosters an environment that prioritizes patient and family-centered care. By expanding services and establishing regional specialty relationships, the association strengthens its position as the preferred healthcare provider in the area, ensuring that community members receive high-quality care close to home. This multifaceted approach not only addresses immediate healthcare needs but also reinforces the overall health infrastructure within International Falls and its surrounding regions.
This information is meant to be a general summary of International Falls Memorial Hospital Association. 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: $82,278
- Program Service Revenue: $34,022,783
- Gross Receipts: $37,642,110
Assets and Liabilities:
- Total Assets: $35,634,235
- Total Liabilities: $10,727,616
- Net Assets: $24,906,619
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PATIENT SERVICE REVENUE
Revenue
$28,714,334
CLINIC REVENUE
Revenue
$2,612,626
PHARMACY REVENUE
Revenue
$2,161,722
Organization Details
Founding Year
1945
Phone
(218) 283-4481Principal Officer
Craig Boyer
Main Address
1400 HIGHWAY 71, INTERNATIONAL FALLS, MN, 56649
Website
www.rainylakemedical.comNTEE Category
Code: E22Z - Health
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