Overview
What is Buchanan County Health Trust Inc?
Buchanan County Health Trust Inc, situated in Independence, Iowa, was established with a vision to secure funds for health-related projects within Buchanan County. Through generous donations, the trust ensures that every resident has access to top-notch healthcare services. The contributions are not immediately spent but added to the endowment, generating interest that supports organizations committed to enhancing the health of Buchanan County's population. With an endowment of approximately $3 million, Buchanan County Health Trust Inc has made significant strides in improving the overall health of its community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 53%, One-Star out of Four Star rating.
Buchanan County Health Trust Inc has received a low rating primarily due to its accountability and financial transparency issues. With only 53% overall, the organization has no independent board members, which raises concerns about governance and oversight. While it shows strength in program expense ratios, with 91.33% of expenses directed towards programs, the lack of independent oversight is a significant drawback.
The organization has not implemented several key policies that are standard for nonprofit governance, such as a conflict of interest policy, whistleblower policy, and document retention policy. These missing elements suggest a need for improved operational and ethical standards. However, the absence of any material diversion of assets is a positive note, indicating that funds are likely being used for their intended purposes.
Despite some strengths in program spending, the overall transparency and governance practices of Buchanan County Health Trust Inc require significant improvement. The lack of essential policies and independent oversight may hinder trust among potential donors and the community it serves.
This AI summary has been generated from information found on Charity Navigator.
Is Buchanan County Health Trust Inc legitimate?
Buchanan County Health Trust Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Buchanan County Health Trust 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.
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What is the mission statement of Buchanan County Health Trust Inc?
Buchanan County Health Trust Inc's mission is centered around ensuring that all citizens have continuous access to high-quality healthcare. Established with the vision of funding health-related projects, the Trust accepts donations that are not spent immediately but instead added to its endowment. The interest generated from this endowment is then utilized to support organizations dedicated to improving the health of the county's residents. Since its inception, the Trust's total fund balance has grown to approximately $3 million.
Who is the CEO of Buchanan County Health Trust Inc?
Zak Knutson is the President of Buchanan County Health Trust Inc.
What is the revenue of Buchanan County Health Trust Inc?
Buchanan County Health Trust Inc's revenue in 2022 was $69,470.
Who are the executives of Buchanan County Health Trust Inc and what are their salaries?
Here are 9 key members and their salaries:
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Where can I find the form 990 for Buchanan County Health Trust Inc?
Buchanan County Health Trust Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Buchanan County Health Trust Inc
Buchanan County Health Trust Inc is committed to ensuring that all citizens in the area have access to quality healthcare. Established with the foresight of providing funds for health-related projects, this organization has grown its total fund balance to approximately $3 million since its inception. The trust does not spend these gifts but instead adds them to its endowment. The interest generated from this endowment is then utilized to support organizations that are dedicated to improving the health of all citizens in Buchanan County. By providing funds for health-related projects, Buchanan County Health Trust Inc plays a vital role in ensuring that the community has access to the necessary healthcare services.
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Impact
August, 2024
Buchanan County Health Trust Inc plays a crucial role in ensuring all citizens in Buchanan County maintain access to quality health care. The organization originated with the foresight of providing funds for health-related projects across the county. Gifts to the Health Trust are not spent but added to an endowment, with the interest generated being used to support organizations dedicated to improving the health of all citizens in Buchanan County. With a total fund balance of approximately $3 million, the impact of Buchanan County Health Trust Inc is significant in promoting the well-being of the community.
This information is meant to be a general summary of Buchanan County Health Trust 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: $54,515
- Gross Receipts: $70,195
Assets and Liabilities:
- Total Assets: $3,081,667
- Total Liabilities: $84,629
- Net Assets: $2,997,038
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Organization Details
Founding Year
1989
Phone
(319) 332-0905Principal Officer
Zak Knutson
Main Address
1600 1ST STREET EAST, INDEPENDENCE, IA, 50644
NTEE Category
Code: E20J - Health
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