Overview
What is Community Memorial Hospital Incorporated?
Community Memorial Hospital Incorporated, also known as Spring Valley Living, is a 501(c)(3) nonprofit organization situated in Spring Valley, Minnesota. Their primary mission is to offer comprehensive health care services to the local community, regardless of financial circumstances. Their services encompass inpatient skilled care, home care, assisted living, and rehabilitation services, including memory care and flexible living units. Spring Valley Living operates a 50-bed skilled nursing facility and a licensed Home Health Care Agency, admitting numerous patients each year. The organization works in collaboration with various organizations, professionals, and educational institutions to provide necessary healthcare services, including physical, occupational, and speech therapies, podiatry, and mental health specialists. They also offer educational opportunities in healthcare-related fields and collaborate with the local community to educate on health concerns and preventative measures.
Official website here: www.springvalleyliving.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 81%, Three-Star out of Four Star rating.
Community Memorial Hospital Incorporated has received an 81% score, reflecting a solid performance in Accountability and Finance, which is the sole criterion for this rating. The hospital boasts a fully independent board of directors, effective oversight through its audit committee, and robust policies in place regarding conflict of interest and document retention. These strengths indicate a commitment to transparency and governance.
The organization shows commendable financial management with a program expense ratio of 89.07%, suggesting that a significant portion of its budget is directed towards its mission-related activities. However, the liabilities to assets ratio of 77.70% raises some concerns, indicating a potential imbalance that could affect financial sustainability in the long term.
Overall, while Community Memorial Hospital demonstrates strong accountability practices and effective use of funds, stakeholders should keep an eye on the financial ratios that may indicate areas for improvement.
This AI summary has been generated from information found on Charity Navigator.
Is Community Memorial Hospital Incorporated legitimate?
Community Memorial Hospital Incorporated is a legitimate nonprofit organization registered as a 501(c)(3) entity. Community Memorial Hospital Incorporated 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: $219,401
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,457,762
For more financial information, click here
Official website here: www.springvalleyliving.org
What is the mission statement of Community Memorial Hospital Incorporated?
Community Memorial Hospital Incorporated, operating under the name Spring Valley Living, is dedicated to offering health care services. Their mission is to cater to the physical, social, and spiritual needs of individuals as they age, aiming to enhance their quality of life. The organization provides a range of services, including inpatient skilled care, home care, housing with services, and rehabilitation services, serving individuals regardless of their financial circumstances. Spring Valley Living operates on a nondiscriminatory basis, providing a continuum of care to meet the long-term healthcare needs of residents, including those on government programs and private pay. The organization also collaborates with other organizations and health professionals to ensure residents receive comprehensive healthcare, offering charity care when necessary. Spring Valley Living is committed to supporting the community by partnering with schools, workforce centers, and other service organizations to promote health education and awareness.
Official website here: www.springvalleyliving.org
Who is the CEO of Community Memorial Hospital Incorporated?
Penny Solberg is the CEO of Community Memorial Hospital Incorporated The CEO's salary of Community Memorial Hospital Incorporated is $162,230 and their total compensation is $214,043.
Official website here: www.springvalleyliving.org
What is the revenue of Community Memorial Hospital Incorporated?
Community Memorial Hospital Incorporated's revenue in 2023 was $9,039,288.
Official website here: www.springvalleyliving.org
Who are the executives of Community Memorial Hospital Incorporated and what are their salaries?
The average compensation at Community Memorial Hospital Incorporated during 2023 was $19,985. There are 184 employees and 10 volunteers at Community Memorial Hospital Incorporated.
Here are 11 key members and their salaries (Community Memorial Hospital Incorporated's CEO's salary is $162,230 and their total compensation is $214,043):
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- Compensation: $162,230
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- Other: $51,813
- Compensation: $122,400
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- Other: $7,639
Official website here: www.springvalleyliving.org
Where can I find the form 990 for Community Memorial Hospital Incorporated?
Community Memorial Hospital Incorporated's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.springvalleyliving.org
Learn more at the official website: www.springvalleyliving.org
Mission Statement of Community Memorial Hospital Incorporated
Community Memorial Hospital Incorporated, known as Spring Valley Living, is dedicated to providing care and support for individuals in their aging process. The organization's mission is to cater to each individual's physical, social, and spiritual needs, aiming to enhance their quality of life. Spring Valley Living offers a range of services, including inpatient skilled care, home care, and rehabilitation services, ensuring accessibility for all, regardless of their financial situation. The nonprofit operates on a nondiscriminatory basis, serving residents in need of long-term healthcare, such as those in state-licensed facilities, Medicare-certified skilled nursing centers, and home health care agencies.
Spring Valley Living's services extend beyond direct healthcare, providing housing options tailored to elderly waiver recipients, group residential housing tenants, and private pay clients. The organization's flexible living units, including memory care assisted living and community member housing, cater to the unique needs of its residents, offering care that was no longer feasible in their previous homes. In addition to these services, Spring Valley Living partners with various organizations and health professionals to ensure residents have access to physical, occupational, and speech therapists, podiatrists, and mental health specialists. The organization's charitable efforts, known as community care, provide essential services to residents who lack the necessary funds.
In summary, Community Memorial Hospital Incorporated, or Spring Valley Living, is committed to providing comprehensive care and support for individuals in their aging process. The nonprofit offers a continuum of services, including healthcare, housing, and rehabilitation, ensuring accessibility and nondiscrimination. Spring Valley Living's mission is to enhance the quality of life for its residents, offering personalized care and support to meet their physical, social, and spiritual needs.
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Impact
July, 2024
Community Memorial Hospital Incorporated, operating as Spring Valley Living, has a significant impact on the health and well-being of the residents of Spring Valley and the surrounding communities. Through its 501(c)(3) nonprofit status, the organization provides a wide range of health care services, including inpatient skilled care, home care, housing with services, and rehabilitation services.
Spring Valley Living operates on a nondiscriminatory basis, offering services to individuals regardless of their ability to pay. This commitment to serving all members of the community is reflected in the organization's provision of care to a diverse range of patients, including those on government programs such as Medical Assistance, Veterans Administration, and Medicare.
The organization plays a vital role in meeting the long-term healthcare needs of residents, offering a continuum of care that includes a Medicare Certified 50-bed skilled nursing facility, a licensed certified Home Health Care Agency, and licensed assisted living units. Additionally, Spring Valley Living collaborates with other organizations and health professionals to ensure access to a variety of specialized services, such as physical, occupational, and speech therapy, podiatry, and mental health care.
Beyond its direct healthcare services, Community Memorial Hospital Incorporated contributes to the community in various ways. It serves as a clinical site for Rochester Technical College's healthcare programs and partners with local educational institutions like Kingsland School District and the FFA to provide opportunities for students interested in healthcare careers. The organization also conducts community education programs on topics like fall prevention, stroke prevention, and dementia care, benefiting both the aging population and their families.
Overall, Community Memorial Hospital Incorporated, through its Spring Valley Living operations, plays a vital role in ensuring access to essential healthcare services, promoting education and career development in the healthcare field, and contributing to the overall health and well-being of the community.
This information is meant to be a general summary of Community Memorial Hospital Incorporated. 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: $189,680
- Program Service Revenue: $6,963,934
- Gross Receipts: $9,039,288
Assets and Liabilities:
- Total Assets: $13,215,315
- Total Liabilities: $11,528,484
- Net Assets: $1,686,831
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Resident Service Revenue
Revenue
$5,433,156
Housing Revenue
Revenue
$1,362,448
Rental Revenue
Revenue
$131,603
Cable TV/Garage Revenue
Revenue
$29,185
Organization Details
Founding Year
1958
Principal Officer
Doug Plaehn
Website
www.springvalleyliving.orgNTEE Category
Code: E91 - Health
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