Overview
What is Lakeland Community Hospital Inc?
Lakeland Community Hospital Inc is a nonprofit organization based in Haleyville, Alabama, dedicated to enhancing healthcare services in rural areas. They aim to provide local healthcare organizations with an alternative to for-profit hospital companies or tertiary healthcare systems that often view rural hospitals as referral sources and are aggressively divesting or closing distressed rural hospitals. Through their nonprofit healthcare system, Lakeland Community Hospital, Inc. offers rural healthcare management expertise and more efficient, cost-effective services, traditionally only available through larger healthcare systems. Their mission is to improve the delivery of healthcare services in rural America by empowering local healthcare organizations and stabilizing rural hospitals. They have a team of 228 employees.
Official website here: www.lakelandcommunityhospital.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
Lakeland Community Hospital Inc has earned a strong reputation with a 96% score from Charity Navigator, reflecting its commitment to accountability and finance. This score is based solely on the Accountability & Finance beacon, highlighting the organization's effective management of resources and transparency in operations. A Four-Star rating indicates that the nonprofit adheres to high standards and practices in financial stewardship.
Strengths of Lakeland Community Hospital include a fully independent board, with all eight members meeting the criteria for independence. The organization has demonstrated robust financial oversight through its audit and oversight committee, ensuring that all assets are managed appropriately. Its low liabilities to assets ratio of 21.57% further suggests a sound financial position, and the high program expense ratio of nearly 80% indicates that a substantial portion of its budget directly supports its programs.
While the organization has notable strengths, the data does not provide insights into its program impact or community feedback, which could further illustrate its effectiveness in achieving its mission. Overall, Lakeland Community Hospital Inc exemplifies strong financial practices and governance, contributing positively to its credibility in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Lakeland Community Hospital Inc legitimate?
Lakeland Community Hospital Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lakeland Community 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: $521,179
Professional Fundraising Fees: $0
Other Salaries and Wages: $9,811,103
For more financial information, click here
Official website here: www.lakelandcommunityhospital.com
What is the mission statement of Lakeland Community Hospital Inc?
Lakeland Community Hospital Inc strives to enhance healthcare services in rural regions of America by offering local healthcare organizations an alternative to for-profit hospital companies or tertiary healthcare systems. These larger entities often view rural hospitals as referral sources and are actively divesting or closing distressed rural hospitals. Lakeland Community Hospital Inc has established a nonprofit healthcare system, which provides rural healthcare management expertise and more cost-effective services typically only accessible through larger healthcare systems. By doing so, they aim to stabilize rural hospitals and ensure they continue to deliver essential healthcare services to their communities.
Official website here: www.lakelandcommunityhospital.com
Who is the CEO of Lakeland Community Hospital Inc?
Jennifer Young is the Current Ceo of Lakeland Community Hospital Inc. The CEO's salary of Lakeland Community Hospital Inc is $137,927 and their total compensation is $138,136.
Official website here: www.lakelandcommunityhospital.com
What is the revenue of Lakeland Community Hospital Inc?
Lakeland Community Hospital Inc's revenue in 2022 was $25,741,220.
Official website here: www.lakelandcommunityhospital.com
Who are the executives of Lakeland Community Hospital Inc and what are their salaries?
The average compensation at Lakeland Community Hospital Inc during 2022 was $45,317. There are 228 employees and 8 volunteers at Lakeland Community Hospital Inc.
Here are 14 key members and their salaries (Lakeland Community Hospital Inc's CEO's salary is $137,927 and their total compensation is $138,136):
- Compensation: $0
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- Other: $0
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- Other: $0
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- Compensation: $204,776
- Related: $0
- Other: $14,734
- Compensation: $178,475
- Related: $0
- Other: $16,264
- Compensation: $137,927
- Related: $0
- Other: $209
- Compensation: $543,229
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- Other: $0
- Compensation: $260,568
- Related: $0
- Other: $0
- Compensation: $242,977
- Related: $0
- Other: $388
- Compensation: $169,464
- Related: $0
- Other: $0
- Compensation: $137,513
- Related: $0
- Other: $0
Official website here: www.lakelandcommunityhospital.com
Where can I find the form 990 for Lakeland Community Hospital Inc?
Lakeland Community Hospital Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lakelandcommunityhospital.com
Learn more at the official website: www.lakelandcommunityhospital.com
Mission Statement of Lakeland Community Hospital Inc
Lakeland Community Hospital Inc is a nonprofit healthcare organization dedicated to improving the delivery of healthcare services in rural areas. By providing local healthcare organizations with rural healthcare management expertise and efficient, cost-effective services, Lakeland offers a viable alternative to for-profit hospital companies or tertiary healthcare systems that often view rural hospitals as referral sources. The organization's mission is to save rural hospitals from aggressive divestment or closure by larger healthcare systems.
Lakeland Community Hospital Inc strives to enhance the capabilities of rural healthcare organizations. By offering expertise in rural healthcare management and cost-efficient services, the nonprofit provides these organizations with the tools and resources they need to provide quality care to their communities. For rural hospitals that may struggle to compete with larger, for-profit hospital companies, Lakeland serves as a lifeline, offering a sustainable solution that focuses on the unique needs of these institutions.
In essence, Lakeland Community Hospital Inc empowers rural healthcare organizations to thrive, ensuring that they are not overlooked or discarded by larger healthcare systems. By providing them with the necessary resources and expertise, Lakeland enables these organizations to continue delivering essential healthcare services to their communities, ultimately improving the overall health and wellbeing of rural populations.
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Impact
October, 2024
Lakeland Community Hospital Inc significantly impacts rural healthcare by providing essential services tailored to the unique needs of local communities. By establishing an alternative to for-profit hospital chains and large tertiary health systems, it addresses the critical challenges faced by distressed rural hospitals, which often struggle to maintain operations or face closures.
The hospital focuses on stabilizing these facilities by offering management expertise and efficient, low-cost healthcare services that might otherwise be inaccessible in rural areas. This innovative approach ensures that local healthcare organizations can continue to serve their communities effectively, preventing the loss of vital medical resources.
Overall, Lakeland Community Hospital Inc plays a crucial role in enhancing healthcare delivery in rural America, ensuring that residents have access to quality medical care without the burden of traveling long distances to larger facilities. Its commitment to improving healthcare standards not only supports individual health outcomes but also contributes to the overall well-being of rural populations.
This information is meant to be a general summary of Lakeland Community 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.
- Program Service Revenue: $20,105,715
- Gross Receipts: $25,741,220
Assets and Liabilities:
- Total Assets: $12,009,938
- Total Liabilities: $2,590,688
- Net Assets: $9,419,250
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PATIENT SERVICE FEES
Revenue
$20,105,715
Organization Details
Founding Year
2014
Phone
(205) 486-5296Principal Officer
Jennifer Young
Main Address
PO BOX 576, HALEYVILLE, AL, 35565
NTEE Category
Code: E20 - Health
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