Overview
What is Iha Hospital Assistance Foundation Inc?
Iha Hospital Assistance Foundation Inc is a nonprofit organization situated in Indianapolis, Indiana. Its primary mission is to enhance access to quality healthcare for the people of Indiana and provide financial assistance to qualified hospitals to overcome challenges related to undercompensated and charity healthcare. The foundation accomplishes this by supporting the activities of the Indiana Hospital Association, aiming to improve patient care and treatment in Indiana hospitals. The organization's main program is to alleviate the burdens on Indiana hospitals resulting from the Indiana Medicaid program, thereby enabling hospitals to better serve their communities and lessen the burdens of sickness or disease.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 69% (Two-Star out of Four Stars)
The Iha Hospital Assistance Foundation Inc holds a Two-Star rating from Charity Navigator, indicating a moderate level of performance in accountability and finance. The overall score is derived solely from its accountability and finance metrics, reflecting some strengths in governance, such as having a majority of independent board members and conducting regular financial audits. This suggests a commitment to maintaining a level of transparency and oversight.
However, the foundation faces significant limitations in its operational transparency. Notably, it lacks a whistleblower policy, document retention and destruction policies, and fails to provide publicly accessible board meeting minutes and tax forms. These gaps may hinder the organization’s ability to demonstrate full accountability to stakeholders.
Financially, while the program expense ratio is commendable at 98%, indicating a high dedication to its mission-driven activities, the liabilities to assets ratio of 98.89% raises concerns. This high ratio suggests potential financial strain, which could affect the organization's long-term sustainability. Overall, while Iha Hospital Assistance Foundation Inc shows promise, it may benefit from strengthening its transparency and governance practices.
This AI summary has been generated from information found on Charity Navigator.
Is Iha Hospital Assistance Foundation Inc legitimate?
Iha Hospital Assistance Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Iha Hospital Assistance Foundation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Iha Hospital Assistance Foundation Inc?
The Iha Hospital Assistance Foundation Inc's mission is centered around providing financial aid to hospitals in Indiana, aiming to alleviate the financial challenges associated with providing undercompensated or charity healthcare. This assistance enables hospitals to better serve their communities, offering relief from sickness or disease, and reducing the burden on government resources. The foundation's programs and accomplishments improve access to quality healthcare for Indiana's population and offer financial assistance to qualifying hospitals, assisting them in overcoming difficulties related to undercompensated and charity healthcare through their partnership with the Indiana Hospital Association. The primary program of the Iha Hospital Assistance Foundation is to lessen the financial burdens faced by Indiana hospitals due to the Indiana Medicaid program.
Who is the CEO of Iha Hospital Assistance Foundation Inc?
Terry Cole is the President of Iha Hospital Assistance Foundation Inc.
What is the revenue of Iha Hospital Assistance Foundation Inc?
Iha Hospital Assistance Foundation Inc's revenue in 2022 was $678,912.
Who are the executives of Iha Hospital Assistance Foundation Inc and what are their salaries?
There 4 volunteers at Iha Hospital Assistance Foundation Inc.
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $959,206
- Other: $41,245
- 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: $365,568
- Other: $64,190
Where can I find the form 990 for Iha Hospital Assistance Foundation Inc?
Iha Hospital Assistance Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Iha Hospital Assistance Foundation Inc
The Iha Hospital Assistance Foundation Inc, in its mission, aims to provide financial aid to hospitals in Indiana to tackle the financial challenges associated with undercompensated or charity healthcare. This assistance enables hospitals to better serve their communities, alleviate sickness or disease, and lessen the burden on government resources. By supporting the activities of the Indiana Hospital Association, the foundation improves access to quality healthcare for the people of Indiana and addresses difficulties related to undercompensated and charity healthcare. The foundation's primary program is centered around lessening the burdens on Indiana hospitals resulting from the Indiana Medicaid program.
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Impact
July, 2024
Iha Hospital Assistance Foundation Inc's impact lies in improving access to quality healthcare for the people of Indiana and providing financial assistance to qualifying Indiana hospitals. By supporting the activities of the Indiana Hospital Association, the foundation ensures that Indiana hospital patients receive improved care and treatment while maintaining access to such services for the general public. Through its main program, the foundation works to alleviate the burdens faced by Indiana hospitals due to the Indiana Medicaid program, ultimately enabling hospitals to better serve their communities, provide relief from sickness or disease, and lessen the burdens on government resources.
This information is meant to be a general summary of Iha Hospital Assistance Foundation 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.
- Gross Receipts: $678,912
Assets and Liabilities:
- Total Assets: $271,782
- Total Liabilities: $268,789
- Net Assets: $2,993
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Organization Details
Founding Year
2012
Phone
(317) 633-4870Principal Officer
Terry Cole
Main Address
500 N MERIDIAN STREET 250, INDIANAPOLIS, IN, 46204
NTEE Category
Code: W12 - Public benefit
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