Overview
What is Beacon Health System Inc?
Beacon Health System Inc, located in South Bend, Indiana, serves as the parent organization for Elkart General Hospital, Beacon Medical Group, Memorial Hospital of South Bend, Beacon Health Foundation, Beacon Health Ventures, Three Rivers Health Hospital, and Community Hospital of Bremen. The nonprofit coordinates various aspects for these organizations, such as budget approvals, strategic planning, marketing, resource allocation, securing tax-exempt bond financing, and community education. With a workforce of over 1,400 employees, Beacon Health System aims to deliver exceptional care, inspire health, and connect with the community from a heartfelt perspective.
Official website here: www.beaconhealthsystem.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star Rating
Beacon Health System Inc has achieved a remarkable score of 96%, reflecting strong accountability and financial health. The organization is recognized for its commitment to transparency and effective governance, with 85% of its board members being independent, ensuring unbiased decision-making. The majority of its financial practices, including auditing and oversight, have received top marks, indicating a high level of fiscal responsibility.
The nonprofit has demonstrated exceptional performance in its operational expenditures, with a program expense ratio of 99.56%. This suggests that nearly all of its expenses are directed towards its programs, maximizing the impact of donations received. Additionally, the organization has established comprehensive policies, such as conflict of interest and whistleblower protections, which further underscore its dedication to ethical practices.
While the organization exhibits many strengths, potential donors and stakeholders should consider that the rating is based solely on accountability and finance metrics. There may be additional aspects of the organization’s performance, such as program effectiveness and community impact, that are not captured in this score. Overall, Beacon Health System Inc stands out as a financially sound and well-governed nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is Beacon Health System Inc legitimate?
Beacon Health System Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Beacon Health System 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: $2,783,157
Professional Fundraising Fees: $0
Other Salaries and Wages: $55,583,935
For more financial information, click here
Official website here: www.beaconhealthsystem.org
What is the mission statement of Beacon Health System Inc?
Beacon Health System Inc is dedicated to delivering exceptional healthcare services, inspiring overall wellness, and connecting with the community from the heart. The organization serves as the umbrella entity for various affiliated organizations, managing strategic planning, budgeting, marketing, resource allocation, and community education for them. By focusing on outstanding care, Beacon Health System strives to make a positive impact on the lives of those it serves.
Official website here: www.beaconhealthsystem.org
Who is the CEO of Beacon Health System Inc?
Unavailable The CEO's salary of Beacon Health System Inc is $1,543,364 and their total compensation is $1,764,630.
Official website here: www.beaconhealthsystem.org
What is the revenue of Beacon Health System Inc?
Beacon Health System Inc's revenue in 2022 was $176,132,084.
Official website here: www.beaconhealthsystem.org
Who are the executives of Beacon Health System Inc and what are their salaries?
The average compensation at Beacon Health System Inc during 2022 was $40,281. There are 1449 employees and 14 volunteers at Beacon Health System Inc.
Here are 24 key members and their salaries (Beacon Health System Inc's CEO's salary is $1,543,364 and their total compensation is $1,764,630):
- Compensation: $1,150
- Related: $0
- Other: $0
- Compensation: $1,533
- Related: $0
- Other: $0
- Compensation: $1,099
- Related: $0
- Other: $0
- Compensation: $150
- Related: $0
- Other: $0
- Compensation: $1,823
- Related: $0
- Other: $0
- Compensation: $1,098
- Related: $0
- Other: $0
- Compensation: $1,110
- Related: $0
- Other: $0
- Compensation: $744
- Related: $0
- Other: $0
- Compensation: $750
- Related: $0
- Other: $0
- Compensation: $1,102
- Related: $0
- Other: $0
- Compensation: $550
- Related: $0
- Other: $0
- Compensation: $150
- Related: $0
- Other: $0
- Compensation: $150
- Related: $0
- Other: $0
- Compensation: $150
- Related: $0
- Other: $0
- Compensation: $1,110
- Related: $0
- Other: $0
- Compensation: $1,817
- Related: $0
- Other: $0
- Compensation: $0
- Related: $1,091,323
- Other: $33,196
- Compensation: $878,794
- Related: $0
- Other: $126,495
- Compensation: $1,543,364
- Related: $0
- Other: $221,266
- Compensation: $576,731
- Related: $0
- Other: $102,684
- Compensation: $797,757
- Related: $0
- Other: $111,070
- Compensation: $528,584
- Related: $0
- Other: $94,420
- Compensation: $456,437
- Related: $0
- Other: $38,711
- Compensation: $515,204
- Related: $0
- Other: $84,030
Official website here: www.beaconhealthsystem.org
Where can I find the form 990 for Beacon Health System Inc?
Beacon Health System Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.beaconhealthsystem.org
Learn more at the official website: www.beaconhealthsystem.org
Mission Statement of Beacon Health System Inc
Beacon Health System Inc, a leading healthcare organization, is dedicated to delivering exceptional care, inspiring health, and connecting with heart. The mission of this esteemed institution is threefold: it strives to provide outstanding healthcare services, encourage overall well-being, and foster meaningful connections with those it serves.
The first tenet of Beacon Health System Inc's mission revolves around delivering outstanding care. By approving budgets, implementing strategic plans, marketing their services, allocating resources, and securing tax-exempt bond financing, Beacon ensures the highest standard of healthcare is accessible to those who need it most.
The second facet of Beacon Health System Inc's mission is to inspire health. This encompasses providing community education, which empowers individuals to make informed decisions about their well-being. By fostering an environment that encourages healthy lifestyles, Beacon goes beyond mere healthcare delivery and encourages its patients to take an active role in their own health journey.
Lastly, Beacon Health System Inc's mission includes connecting with heart. This aspect of their work reflects the organization's commitment to fostering deep, emotional bonds with those they serve. By creating a caring, compassionate environment, Beacon demonstrates that healthcare is about more than just treatments and diagnoses – it's about genuinely connecting with and supporting the people who come through its doors.
In summary, Beacon Health System Inc, a renowned healthcare organization, is dedicated to delivering outstanding care, inspiring health, and connecting with heart. Through its various initiatives, Beacon ensures the highest standard of healthcare, encourages healthy lifestyles, and fosters deep connections with those it serves.
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Impact
October, 2024
Beacon Health System Inc. delivers outstanding healthcare services, actively inspiring health and fostering connections within the community. As the parent organization of several healthcare facilities, including Elkhart General Hospital and Memorial Hospital of South Bend, Beacon plays a crucial role in coordinating care across these entities. This includes strategic planning, resource allocation, and community education, all aimed at enhancing the quality of healthcare in the region.
By focusing on comprehensive care that addresses both physical and emotional needs, Beacon Health System strengthens community health outcomes. Their commitment to connecting with patients and families ensures that care is not only efficient but also compassionate. This holistic approach promotes wellness, encourages preventive care, and ultimately improves the health landscape in South Bend and surrounding areas. Through various programs and initiatives, Beacon Health System serves as a vital resource, contributing significantly to the well-being of the communities it serves.
This information is meant to be a general summary of Beacon Health System 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: $19,724,335
- Program Service Revenue: $140,650,822
- Gross Receipts: $393,219,919
Assets and Liabilities:
- Total Assets: $1,057,853,283
- Total Liabilities: $101,356,889
- Net Assets: $956,496,394
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANAGEMENT ADMIN SERVICES
Revenue
$131,626,037
NET PATIENT SERVICE REVENUE
Revenue
$10,245,576
AFFILIATE RENT
Revenue
$149,135
JOINT VENTURE ACTIVITY
Revenue
-$1,369,926
Organization Details
Founding Year
2011
Phone
(574) 647-3549Main Address
615 N MICHIGAN ST, SOUTH BEND, IN, 46601
Website
www.beaconhealthsystem.orgNTEE Category
Code: E12 - Health
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