Overview
What is Warren Memorial Hospital Foundation Inc?
Warren Memorial Hospital Foundation Inc, based in Friend, Nebraska, serves as a supportive entity for Warren Memorial Hospital, operating under the name of Friend Community Healthcare System. Their primary function is to raise funds and manage resources on behalf of the hospital. In fiscal year 2022, they provided $11,957 of financial support to Warren Memorial Hospital. Beyond financial assistance, the foundation also offers lending and building loan services to the hospital, with interest expenses related to previous loans for necessary building and equipment improvements and upgrades. In essence, Warren Memorial Hospital Foundation Inc plays a crucial role in bolstering the resources and capabilities of Warren Memorial Hospital.
Official website here: www.friendmed.org/about/foundation
What are the reviews and ratings of this charity?
Charity Navigator Rating: 72%, earning it a Two-Star out of Four Star rating. This rating reflects the organization's performance in terms of accountability and finance, showing both strengths and weaknesses in its operations.
Warren Memorial Hospital Foundation Inc demonstrates solid governance with a fully independent board, scoring 10 out of 10 in that area. Additionally, the organization has effective policies in place regarding conflicts of interest and whistleblowing, contributing to a transparent operational framework. The high program expense ratio of 100% indicates that all expenses are directed towards its mission.
However, the foundation has notable limitations, including a concerning liabilities to assets ratio of 88.42%, which suggests potential financial instability. Furthermore, the organization received a low score for the independent board size and did not post its tax form on its website, which affects its overall transparency rating. Overall, while the foundation has strong governance practices, its financial metrics may warrant closer scrutiny.
This AI summary has been generated from information found on Charity Navigator.
Is Warren Memorial Hospital Foundation Inc legitimate?
Warren Memorial Hospital Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Warren Memorial Hospital 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
Official website here: www.friendmed.org/about/foundation
What is the mission statement of Warren Memorial Hospital Foundation Inc?
Warren Memorial Hospital Foundation Inc's primary role is to raise funds for Warren Memorial Hospital, also known as Friend Community Healthcare System. Their mission is centered around providing financial support to the hospital, ensuring it has the necessary resources to provide optimal healthcare services. In addition to fundraising, the foundation also offers lending and building loan services to Warren Memorial Hospital, helping the hospital with needed improvements and upgrades. In fiscal year 2022, the foundation provided $11,957 in support to the hospital from funds raised or held on their behalf.
Official website here: www.friendmed.org/about/foundation
Who is the CEO of Warren Memorial Hospital Foundation Inc?
Jen Stutzman is the Chair of Warren Memorial Hospital Foundation Inc.
Official website here: www.friendmed.org/about/foundation
What is the revenue of Warren Memorial Hospital Foundation Inc?
Warren Memorial Hospital Foundation Inc's revenue in 2022 was $116,518.
Official website here: www.friendmed.org/about/foundation
Who are the executives of Warren Memorial Hospital Foundation Inc and what are their salaries?
There 2 volunteers at Warren Memorial Hospital Foundation Inc.
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.friendmed.org/about/foundation
Where can I find the form 990 for Warren Memorial Hospital Foundation Inc?
Warren Memorial Hospital Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.friendmed.org/about/foundation
Learn more at the official website: www.friendmed.org/about/foundation
Mission Statement of Warren Memorial Hospital Foundation Inc
Warren Memorial Hospital Foundation Inc, a nonprofit organization, is dedicated to raising funds for Warren Memorial Hospital, also known as Friend Community Healthcare System. Its primary mission is to support the hospital financially, providing vital resources for its operations and improvement projects. The foundation accomplishes this by soliciting funds and managing finances, including offering lending and building loan services to the hospital. The interest expenses paid by the foundation are related to loans taken out in prior years to aid Warren Memorial Hospital in necessary building and equipment enhancements and upgrades.
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Impact
October, 2024
Warren Memorial Hospital Foundation Inc significantly enhances the capabilities of Warren Memorial Hospital by securing vital funding and support for healthcare services in the community. In fiscal year 2022, the foundation provided nearly $12,000 in support to the hospital, directly contributing to its operational needs and enhancing the quality of care available.
Additionally, the foundation plays a crucial role in facilitating lending and building loan services, which are essential for the hospital's growth and improvement. Through strategic financial management, it has enabled the hospital to undertake necessary building and equipment upgrades, ensuring that healthcare providers have access to modern resources that promote patient well-being.
By mobilizing resources and fostering financial stability, the foundation helps ensure that the community receives high-quality health services through Warren Memorial Hospital, thereby positively impacting the overall health landscape of Friend, Nebraska.
This information is meant to be a general summary of Warren Memorial Hospital 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.
- Investment Income: $72,328
- Gross Receipts: $120,284
Assets and Liabilities:
- Total Assets: $2,032,177
- Total Liabilities: $1,797,049
- Net Assets: $235,128
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Organization Details
Founding Year
1990
Phone
(402) 947-2541Principal Officer
Jen Stutzman
Main Address
905 SECOND STREET, FRIEND, NE, 68359
NTEE Category
Code: E70 - Health
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