Overview
What is Cambridge Memorial Hospital Inc?
Cambridge Memorial Hospital Inc, doing business as Tri Valley Health System, is a nonprofit organization based in Cambridge, Nebraska. The hospital operates a 20-bed critical access facility, providing short-term inpatient and outpatient care, and a full-time emergency room offering assistance to all, regardless of their ability to pay. Through its integrated network of providers, Tri Valley Health System caters to the health needs of the community by offering emergency and non-emergency services. The organization had 1,328 emergency center visits and 2,726 patients visited the walk-in clinics throughout the year. To ensure accessibility to healthcare services, Tri Valley Health System participates in government programs like Medicare and Medicaid and operates a Charity Program, which offers discounted and free services to patients in need. The Board of Trustees oversees the Charity Care Policy, identifying community needs, setting eligibility criteria, and monitoring the program's effectiveness. The estimated cost of providing these services was $20,000 for the year ended April 30, 2022. Tri Valley Health System also extends its resources to meet unfulfilled community needs, engaging in initiatives that may not be financially viable. Their mission is to provide quality, compassionate, local healthcare services, aiming to improve the lives they touch throughout life's journey.
Official website here: www.trivalleyhealth.com
What are the reviews and ratings of this charity?
Charity Navigator Rating 94% - Four-Star out of Four Star Rating
Cambridge Memorial Hospital Inc has achieved a Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. This high score indicates that the organization is well-managed and transparent, with a focus on utilizing donations effectively.
The nonprofit's board consists entirely of independent members, ensuring unbiased oversight. Additionally, it has robust financial practices, with a high program expense ratio, meaning that the majority of its funds are directed toward its programs rather than administrative costs. The presence of comprehensive policies for conflict of interest, whistleblower protections, and document retention further demonstrates its commitment to ethical governance.
While the organization exhibits notable strengths, its liabilities to assets ratio could be an area for improvement, as it is somewhat elevated at 52.89%. Nonetheless, the overall performance suggests that Cambridge Memorial Hospital Inc is a trustworthy nonprofit with a strong commitment to accountability and community service.
This AI summary has been generated from information found on Charity Navigator.
Is Cambridge Memorial Hospital Inc legitimate?
Cambridge Memorial Hospital Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cambridge Memorial 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: $383,370
Professional Fundraising Fees: $0
Other Salaries and Wages: $8,985,672
For more financial information, click here
Official website here: www.trivalleyhealth.com
What is the mission statement of Cambridge Memorial Hospital Inc?
Cambridge Memorial Hospital Inc is dedicated to enhancing the lives of those they serve by delivering healthcare of exceptional quality throughout various stages of life. Their mission is to touch lives positively by providing top-notch care. The healthcare institution offers both inpatient and outpatient services, including emergency care for all, regardless of financial ability. Throughout the year, they cater to a significant number of patients through their walk-in clinics. To ensure that underprivileged individuals have access to essential healthcare services, Cambridge Memorial Hospital Inc maintains a charity program. This initiative offers discounted or free healthcare to patients who cannot afford the costs. The hospital board oversees the charity program, assessing community needs, establishing eligibility criteria, and evaluating its effectiveness. The hospital's estimated charity care expenses amounted to $20,000 for the fiscal year 2021-2022. Moreover, the hospital extends its services to patients under various government-funded programs, providing care despite financial challenges. Cambridge Memorial Hospital Inc invests time and resources into initiatives that address community needs, even when they may not be financially viable.
Official website here: www.trivalleyhealth.com
Who is the CEO of Cambridge Memorial Hospital Inc?
Jessica Fisher is the President of Cambridge Memorial Hospital Inc. The CEO's salary of Cambridge Memorial Hospital Inc is $182,328 and their total compensation is $199,991.
Official website here: www.trivalleyhealth.com
What is the revenue of Cambridge Memorial Hospital Inc?
Cambridge Memorial Hospital Inc's revenue in 2022 was $26,343,656.
Official website here: www.trivalleyhealth.com
Who are the executives of Cambridge Memorial Hospital Inc and what are their salaries?
The average compensation at Cambridge Memorial Hospital Inc during 2022 was $45,927. There are 204 employees and 37 volunteers at Cambridge Memorial Hospital Inc.
Here are 17 key members and their salaries (Cambridge Memorial Hospital Inc's CEO's salary is $182,328 and their total compensation is $199,991):
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- Compensation: $182,328
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- Compensation: $111,299
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- Other: $20,710
- Compensation: $264,424
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- Other: $44,744
Official website here: www.trivalleyhealth.com
Where can I find the form 990 for Cambridge Memorial Hospital Inc?
Cambridge Memorial Hospital Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.trivalleyhealth.com
Learn more at the official website: www.trivalleyhealth.com
Mission Statement of Cambridge Memorial Hospital Inc
Cambridge Memorial Hospital Inc, a dedicated healthcare provider, strives to enhance the lives of those it serves by delivering top-quality, compassionate care throughout various stages of life. The organization's mission is geared towards touching lives positively by providing exceptional healthcare services. With a strong focus on quality, Tri Valley Health System, the operating name of Cambridge Memorial Hospital Inc, aims to make a difference in people's lives, ensuring they receive care that truly matters.
Tri Valley Health System's vision transcends conventional boundaries, as it operates a 20-bed critical access hospital, providing both short-term inpatient and outpatient care. The healthcare system's commitment to its community is unwavering, as it offers emergency services regardless of a patient's ability to pay. This inclusive attitude is exemplified by the 1,328 emergency center visits the hospital received this year. The hospital's integrated network of providers ensures that residents in the communities it serves have access to a wide range of healthcare services. To cater to the immediate needs of the population, Tri Valley Health System initiated a "walk-in" clinic through one of their Rural Health Clinics. This innovative solution allowed 2,726 patients to receive necessary healthcare services during the year.
Cambridge Memorial Hospital Inc's generosity extends beyond its clinical services. The organization acknowledges the importance of ensuring that its communities have access to healthcare services, regardless of their financial situation. The Tri Valley Health System Charity Program was established to provide discounted and free services to those who lack the resources to fully cover their healthcare costs. This initiative is overseen by the Tri Valley Health System Board of Trustees, who assess community needs, approve eligibility criteria, and monitor the effectiveness of the program. The estimated cost of providing these services was $20,000 for the year ended April 30, 2022. Furthermore, the Health System also engages in endeavors and critical services that meet otherwise unfulfilled community needs, often committing significant time and resources to these initiatives, even if they are not financially viable.
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Impact
October, 2024
Cambridge Memorial Hospital Inc plays a vital role in the community of Cambridge, Nebraska, by delivering quality and compassionate healthcare services. As a critical access hospital, it provides essential short-term inpatient and outpatient care, ensuring that local residents have access to necessary medical treatments close to home.
The hospital operates a full-time emergency room, delivering emergency care to all individuals, regardless of their ability to pay. This dedication is reflected in the impressive number of emergency center visits, with over 1,300 patients relying on its services within just one year. Furthermore, the introduction of "walk-in" clinics has significantly expanded access to healthcare, providing care to an additional 2,726 patients.
Cambridge Memorial Hospital also understands the importance of making healthcare accessible, especially for underserved populations. Through its Charity Program, the hospital offers discounted and free services to those who may struggle to afford medical care. This commitment ensures that community members have the necessary support to access crucial health services, with an estimated $20,000 invested in charity care during the last fiscal year.
In addition to the urgent and generalized healthcare needs, the hospital actively participates in government programs like Medicare and Medicaid, further enhancing its ability to serve a diverse patient population. The proactive efforts to meet community health needs through these programs underline the hospital's mission to improve lives throughout life's journey.
By prioritizing accessibility and quality care, Cambridge Memorial Hospital Inc not only addresses immediate healthcare needs but also fosters a healthier community overall. The hospital's integrated network of services is foundational in ensuring that all patients receive the comprehensive care they require, and its ongoing dedication to addressing community health needs solidifies its essential role in the region.
This information is meant to be a general summary of Cambridge Memorial 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.
- Investment Income: $427,765
- Program Service Revenue: $25,441,731
- Gross Receipts: $26,413,662
Assets and Liabilities:
- Total Assets: $30,986,077
- Total Liabilities: $16,814,339
- Net Assets: $14,171,738
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Patient & Resident Revenue
Revenue
$24,082,106
Pharmacy Revenue
Revenue
$1,095,238
Cafeteria Revenue
Revenue
$96,794
Wellness & Rehab
Revenue
$42,435
Organization Details
Founding Year
1955
Phone
(308) 697-3329Principal Officer
Jessica Fisher
Main Address
1305 W Hwy 6 34, Cambridge, NE, 69022
Website
www.trivalleyhealth.comNTEE Category
Code: E22I - Health
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