Overview
What is Wmc Public Benefit Corporation?
Wmc Public Benefit Corporation is a nonprofit organization based in Louisville, MS, with a mission to support and aid Winston County Medical Foundation. For three decades, this corporation has been instrumental in the development of hospital facilities for the not-for-profit foundation, which runs an acute care hospital and a long-term care nursing home. By securing capital, they contribute to the operation of healthcare services, ultimately benefiting the citizens of Winston County and surrounding areas. Their agreement with Winston County Medical Foundation encompasses leasing land, a hospital facility, and various equipment for a combined term of thirty years for the land and facility and seven years for the equipment.
What are the reviews and ratings of this charity?
Charity Navigator Rating 71% - Two-Star out of Four Star Rating
Wmc Public Benefit Corporation received a Two-Star rating from Charity Navigator, indicating a moderate level of accountability and financial health. The organization scored well in several key areas, including having a fully independent board and no material diversion of assets, which reflects strong governance practices.
The nonprofit's accountability metrics are notably positive, with a complete compliance regarding conflict of interest policies and documentation of board meeting minutes. The organization also maintains a healthy liabilities to assets ratio, signaling good financial management. The program expense ratio at 100% suggests that all funds are directed towards its programs, which is a significant strength.
However, the overall score of 71% may indicate areas for improvement in financial performance or transparency that potential donors should consider. While the governance structure appears solid, enhancing financial practices or expanding program impact could help elevate the organization's rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Wmc Public Benefit Corporation legitimate?
Wmc Public Benefit Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wmc Public Benefit Corporation 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 Wmc Public Benefit Corporation?
The Wmc Public Benefit Corporation is dedicated to supporting the Winston County Medical Foundation, a non-profit organization that operates an acute care hospital and a long-term care nursing home. Their mission is to facilitate the development of healthcare facilities and secure capital for the operation of these services. By doing so, they aim to enhance the health and wellness of citizens in Winston County and surrounding areas. The corporation serves as a vital partner in improving access to essential healthcare services for the community.
Who is the CEO of Wmc Public Benefit Corporation?
Debbie Fryery is the Ceo of Wmc Public Benefit Corporation. The CEO's salary of Wmc Public Benefit Corporation is $0 and their total compensation is $0.
What is the revenue of Wmc Public Benefit Corporation?
Wmc Public Benefit Corporation's revenue in 2022 was $44,422,990.
Who are the executives of Wmc Public Benefit Corporation and what are their salaries?
Here are 4 key members and their salaries (Wmc Public Benefit Corporation's CEO's salary is $0 and their total compensation is $0):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Wmc Public Benefit Corporation?
Wmc Public Benefit Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Wmc Public Benefit Corporation
WMC Public Benefit Corporation, a key player in health and wellness advancement, is dedicated to supporting Winston County Medical Foundation. This not-for-profit organization runs an acute care hospital and a long-term care nursing home. WMC Public Benefit Corporation's primary role is to aid in the development of essential hospital facilities and the procurement of necessary capital. By doing so, it ensures the smooth operation of healthcare-related services to enhance the health and wellbeing of the citizens of Winston County, Mississippi, and its surrounding areas.
The WMC Public Benefit Corporation's unwavering commitment extends beyond just development and financing. It works in partnership with the Winston County Medical Foundation to bring quality healthcare services to the community. The foundation's acute care hospital provides essential medical care to those in need, while the long-term care nursing home offers vital support to individuals requiring extended care. WMC Public Benefit Corporation's efforts, therefore, contribute significantly to the overall health infrastructure of the region.
Furthermore, the WMC Public Benefit Corporation plays a crucial role in the community's wellbeing by facilitating the growth and expansion of healthcare services. Its support enables the foundation to maintain and upgrade its facilities, ensuring they remain modern and effective. By doing so, the organization ensures that the citizens of Winston County and its surrounding areas have access to advanced medical care and services, ultimately improving the overall health and wellbeing of the region.
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Impact
October, 2024
WMC Public Benefit Corporation plays a vital role in enhancing the health and wellness of the citizens of Winston County, MS, and the surrounding areas. By promoting and assisting the Winston County Medical Foundation, it facilitates the development of essential hospital facilities and secures the necessary capital for healthcare-related services. This infrastructure supports an acute care hospital and a long-term care nursing home in Louisville, ensuring local residents have access to critical health services.
Through its lease agreements, WMC Public Benefit Corporation provides the land and facilities necessary for the operation of these healthcare services while also supplying vital equipment. This long-term commitment not only strengthens the healthcare system in the region but also fosters improved health outcomes for the community. By focusing on accessibility and quality care, WMC Public Benefit Corporation directly contributes to the overall well-being of the population it serves, making a significant impact on public health in Winston County.
This information is meant to be a general summary of Wmc Public Benefit Corporation. 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: $94
- Program Service Revenue: $3,313,300
- Gross Receipts: $44,422,990
Assets and Liabilities:
- Total Assets: $43,464,665
- Total Liabilities: $10,500,735
- Net Assets: $32,963,930
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HOSPITAL FACILITY/EQUIPMENT
Revenue
$3,313,300
Organization Details
Founding Year
2015
Phone
(662) 779-5101Principal Officer
Debbie Fryery
Main Address
PO BOX 967, LOUISVILLE, MS, 39339
NTEE Category
Code: E02 - Health
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