Overview
What is Virginia Gay Hospital Inc?
Virginia Gay Hospital Inc is a 25-bed acute care hospital and a 40-bed long-term care facility located in Vinton, Iowa, employing over 300 associates, including 18 providers. The organization delivers comprehensive healthcare services to its region, collaborating with affiliates to address community needs. Through its charity care policy and participation in public aid programs, Virginia Gay Hospital provides healthcare to individuals who may not otherwise have access. The hospital offers emergency care to all, regardless of ability to pay, and operates a full-time emergency room along with essential medical transportation services. Despite some activities not being financially viable, the hospital's mission is to provide quality healthcare services using innovative techniques and maintaining a solid financial base. In the past year, they had a total of 79,122 outpatient visits between the hospital and rural health clinics.
Official website here: www.myvghinc.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 96%, Four-Star out of Four Star rating.
Virginia Gay Hospital Inc has achieved a high rating of 96% from Charity Navigator, indicating strong accountability and financial health. The organization has scored exceptionally well in various areas, particularly in having a majority of independent board members and maintaining robust financial oversight measures. This high level of transparency and governance reflects a commitment to ethical management practices.
The majority of the board consists of independent members, which is a positive aspect, ensuring diverse perspectives and reducing the risk of conflicts of interest. Additionally, the organization has established comprehensive policies regarding conflict of interest, whistleblower protections, and document retention, contributing to its overall accountability. With a program expense ratio of 86.41%, it demonstrates a focus on delivering services effectively.
However, while the organization shows strong financial management, the summary does not address any challenges or weaknesses it may face in program delivery or community impact. Nonetheless, the financial indicators suggest a stable foundation for continued service to the community.
This AI summary has been generated from information found on Charity Navigator.
Is Virginia Gay Hospital Inc legitimate?
Virginia Gay Hospital Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Virginia Gay Hospital 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $1,346,578
Professional Fundraising Fees: $0
Other Salaries and Wages: $14,423,766
For more financial information, click here
Official website here: www.myvghinc.org
What is the mission statement of Virginia Gay Hospital Inc?
Virginia Gay Hospital Inc is dedicated to delivering quality health care services using innovative techniques and maintaining a stable financial base. The organization, comprised of over 300 associates, including medical providers, aims to meet the diverse needs of the communities it serves. Virginia Gay Hospital provides care to certain patients without charge or at reduced rates through its charity care policy. These uncompensated charges amounted to $158,433 in the previous fiscal year, with associated costs approximating $81,000. In addition, the Hospital offers services to patients under various government-funded programs with reimbursements that do not cover the full cost of services. Virginia Gay Hospital also invests significantly in community initiatives that may not be financially viable and makes emergency medical care accessible to everyone, regardless of their ability to pay. The Hospital had a total of 79,122 outpatient visits between its facility and rural health clinics.
Official website here: www.myvghinc.org
Who is the CEO of Virginia Gay Hospital Inc?
Michele Schoonover is the Director of Virginia Gay Hospital Inc. The CEO's salary of Virginia Gay Hospital Inc is $171,164 and their total compensation is $197,745.
Official website here: www.myvghinc.org
What is the revenue of Virginia Gay Hospital Inc?
Virginia Gay Hospital Inc's revenue in 2022 was $35,333,852.
Official website here: www.myvghinc.org
Who are the executives of Virginia Gay Hospital Inc and what are their salaries?
The average compensation at Virginia Gay Hospital Inc during 2022 was $40,541. There are 389 employees and 25 volunteers at Virginia Gay Hospital Inc.
Here are 17 key members and their salaries (Virginia Gay Hospital Inc's CEO's salary is $171,164 and their total compensation is $197,745):
- Compensation: $676,828
- Related: $0
- Other: $29,540
- Compensation: $321,894
- Related: $0
- Other: $5,275
- Compensation: $262,497
- Related: $0
- Other: $28,249
- Compensation: $239,487
- Related: $0
- Other: $13,040
- Compensation: $236,866
- Related: $0
- Other: $10,689
- Compensation: $223,062
- Related: $0
- Other: $23,851
- Compensation: $204,050
- Related: $0
- Other: $28,627
- Compensation: $171,164
- Related: $0
- Other: $26,581
- Compensation: $165,824
- Related: $0
- Other: $4,295
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.myvghinc.org
Where can I find the form 990 for Virginia Gay Hospital Inc?
Virginia Gay Hospital Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.myvghinc.org
Learn more at the official website: www.myvghinc.org
Mission Statement of Virginia Gay Hospital Inc
Virginia Gay Hospital Inc, a healthcare provider, is dedicated to delivering quality health services through innovative methods while maintaining a financially stable organization. With over 300 associates, including 18 providers, the hospital collaborates to ensure comprehensive patient care as an integrated unit. Virginia Gay Hospital goes above and beyond to cater to the needs of the communities it serves, offering services to those who meet specific criteria under its charity care policy without charge or at reduced rates. The hospital does not pursue collection of unpaid charity care amounts, with foregone charges totaling $158,433 and costs related to these charges approximating $81,000 in the year ended June 30, 2022. Additionally, the hospital serves patients under various government-funded programs, offering healthcare at reduced rates. Virginia Gay Hospital invests time and resources into community services that may not be self-supporting or financially viable. The organization provides emergency care to all individuals, operating a full-time emergency room and offering medical transportation services through an area ambulance, van, and onsite helipad. In the past year, the hospital had 38,641 outpatient visits, and its rural health clinics welcomed 40,481 visits.
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Impact
October, 2024
Virginia Gay Hospital Inc significantly impacts the health and well-being of the Vinton, Iowa community by providing essential healthcare services through its acute care hospital and long-term care facility. With a dedicated team of over 300 associates, including 18 providers, the hospital fosters a coordinated approach to patient care, ensuring that healthcare delivery is comprehensive and integrated.
The hospital plays a vital role in meeting community health needs, offering charity care to eligible patients. In the fiscal year ending June 30, 2022, the hospital provided $158,433 in charity care services, demonstrating its commitment to accessibility and support for those who might otherwise be unable to afford care. The estimated cost of these services, amounting to approximately $81,000, further illustrates the hospital's focus on prioritizing community health over financial gain.
Virginia Gay Hospital also engages in providing services under government-reimbursed public aid programs, ensuring that vulnerable populations receive the necessary medical attention even when reimbursement rates fall short of the cost of care. This commitment to service is exemplified by the hospital’s full-time emergency room, which offers immediate care regardless of patients' financial situations. In addition to emergency services, the hospital supports its operational commitments with medical transportation options, including ambulance services and an onsite helipad.
The hospital’s outreach extends beyond standard care, addressing unfulfilled community health needs through various initiatives, even when they are not financially self-sustaining. With over 38,641 outpatient visits and 40,481 visits to rural health clinics, Virginia Gay Hospital serves as a crucial healthcare provider in the region, significantly enhancing the quality of life for its residents and ensuring access to critical medical services for all.
This information is meant to be a general summary of Virginia Gay Hospital 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: $578,971
- Program Service Revenue: $34,020,155
- Gross Receipts: $35,333,852
Assets and Liabilities:
- Total Assets: $40,884,116
- Total Liabilities: $4,580,946
- Net Assets: $36,303,170
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Patient & resident revenue
Revenue
$32,031,471
Pharmacy Revenue
Revenue
$1,663,250
Organization Details
Founding Year
1923
Phone
(319) 472-6255Principal Officer
Michele Schoonover
Main Address
502 N 9th Ave, Vinton, IA, 523492254
Website
www.myvghinc.orgNTEE Category
Code: E22Z - Health
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