Overview
What is The Loring Trust?
The Loring Trust, specifically referred to as the Loring Health Care Foundation, is a nonprofit organization situated in Sac City, Iowa. Their primary mission is to ensure the sustenance and upkeep of Loring Hospital, serving as a pillar of the community's health care system. The foundation's activities revolve around this mission, supporting and maintaining the hospital's operations to provide essential medical services to the local community.
Official website here: www.loringhospital.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: One-Star out of Four Stars (50%)
The Loring Trust has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its financial health and transparency. The overall score of 50% reflects the organization's struggles, particularly in the area of Program Expense Ratio, where only 9.24% of its expenses are directed towards its programs.
Despite some strengths, such as having 100% independent board members and adherence to policies regarding conflict of interest and document retention, the organization faces challenges in areas critical to accountability and performance. The absence of a whistleblower policy is noted as a significant limitation, which could impact its operational integrity.
Overall, while The Loring Trust demonstrates positive governance elements, its low financial efficiency raises questions about its effectiveness in fulfilling its mission. Stakeholders may want to consider these factors when evaluating their support for the organization.
This AI summary has been generated from information found on Charity Navigator.
Is The Loring Trust legitimate?
The Loring Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Loring Trust 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.loringhospital.org
What is the mission statement of The Loring Trust?
The Loring Trust, in its mission, focuses on supporting and maintaining a healthcare facility. Specifically, it is dedicated to preserving the operations of Loring Hospital. This mission is carried out by the Loring Health Care Foundation, a community health or hospital system based in an unspecified location. The foundation's role is to ensure the continued functioning and well-being of the hospital, thereby contributing to the healthcare needs of the community it serves.
Official website here: www.loringhospital.org
Who is the CEO of The Loring Trust?
Steve Spotts is the Trustee of The Loring Trust.
Official website here: www.loringhospital.org
What is the revenue of The Loring Trust?
The Loring Trust's revenue in 2023 was $110,787.
Official website here: www.loringhospital.org
Who are the executives of The Loring Trust and what are their salaries?
There 3 volunteers at The Loring Trust.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.loringhospital.org
Where can I find the form 990 for The Loring Trust?
The Loring Trust's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.loringhospital.org
Learn more at the official website: www.loringhospital.org
Mission Statement of The Loring Trust
The Loring Trust, as a community health or hospital system, is committed to the support and maintenance of Loring Hospital. This mission entails ensuring the continuity and effectiveness of Loring Hospital's operations. By doing so, the trust aims to contribute positively to the health and well-being of the community it serves. The Loring Health Care Foundation, which is the name under which The Loring Trust operates, is dedicated to upholding this mission. It seeks to maintain the hospital's operations at an optimal level, ensuring that it remains a reliable and vital resource for the community.
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Impact
October, 2024
The Loring Trust plays a crucial role in ensuring the ongoing support and maintenance of Loring Hospital in Sac City, IA. Its focus on the hospital's health and operational needs directly impacts the quality of healthcare available to the local community. By facilitating essential resources and services, The Loring Trust enhances patient care, promotes community health initiatives, and contributes to the overall well-being of residents in the area. This trust in the hospital's mission fosters a healthier population and strengthens the local healthcare infrastructure, making it a vital asset for the community of Sac City.
This information is meant to be a general summary of The Loring Trust. 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: $40,173
- Gross Receipts: $110,787
Assets and Liabilities:
- Total Assets: $1,760,141
- Total Liabilities: $0
- Net Assets: $1,760,141
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Organization Details
Founding Year
1947
Phone
(712) 662-7105Principal Officer
Steve Spotts
Main Address
211 HIGHLAND AVENUE, SAC CITY, IA, 50583
Website
www.loringhospital.orgNTEE Category
Code: E21 - Health
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