Overview
What is Wake Forest University Baptist Medical Center?
Wake Forest University Baptist Medical Center is a significant component of Atrium Health Wake Forest Baptist, a renowned learning health system and academic medical center. With a commitment to balanced excellence in patient care, research, and education, Wake Forest Baptist Medical Center strives to improve overall health and wellbeing for all. This nonprofit organization offers medical outpatient care services and collaborates with Aircare, which provides medical transport via air and mobile ambulance to connect patients to the most suitable level of care within Atrium Health Wake Forest Baptist. The mission of Wake Forest Baptist Medical Center is to enhance health, instill hope, and facilitate healing for everyone, with the vision to be the preferred choice for healthcare services.
Official website here: www.wakehealth.edu
What are the reviews and ratings of this charity?
Charity Navigator rating: 81% (Three-Star out of Four Star rating)
Wake Forest University Baptist Medical Center has achieved an 81% rating from Charity Navigator, reflecting a solid level of accountability and financial health. The assessment is primarily based on their performance in the Accountability & Finance category, where they scored very well, indicating transparent operations and sound management practices. The organization has a fully independent board and has put in place comprehensive policies for oversight and ethical governance.
The center demonstrates strong financial stewardship, with a high program expense ratio of 92.14%, suggesting that a significant portion of its resources is directed towards its mission rather than administrative costs. They have also been recognized for their robust governance practices, evidenced by their whistleblower policies and conflict of interest policies being well-documented and adhered to.
However, while the financial indicators are positive, the high salaries of key personnel may raise concerns for some donors regarding executive compensation relative to the organization’s overall mission. Nonetheless, the absence of any material diversion of assets and the inclusion of well-structured financial oversight mechanisms contribute to a generally favorable evaluation overall.
This AI summary has been generated from information found on Charity Navigator.
Is Wake Forest University Baptist Medical Center legitimate?
Wake Forest University Baptist Medical Center is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wake Forest University Baptist Medical Center 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: $2,474,043
Professional Fundraising Fees: $0
Other Salaries and Wages: $88,529,005
For more financial information, click here
Official website here: www.wakehealth.edu
What is the mission statement of Wake Forest University Baptist Medical Center?
Wake Forest University Baptist Medical Center is dedicated to enhancing health, instilling hope, and accelerating healing for all individuals. As an integral component of Atrium Health Wake Forest Baptist, a leading learning health system and academic medical center, the organization strives for balanced excellence in patient care, research, and education. Their mission is to improve overall health, inspire hope, and advance healing, extending this commitment to everyone. The vision of Wake Forest University Baptist Medical Center is to stand out as the premier choice for healthcare services.
Official website here: www.wakehealth.edu
Who is the CEO of Wake Forest University Baptist Medical Center?
Julie A Freischlag Md is the Ceo, Dean of Wake Forest University Baptist Medical Center. The CEO's salary of Wake Forest University Baptist Medical Center is $0 and their total compensation is $5,824,024.
Official website here: www.wakehealth.edu
What is the revenue of Wake Forest University Baptist Medical Center?
Wake Forest University Baptist Medical Center's revenue in 2022 was $169,430,781.
Official website here: www.wakehealth.edu
Who are the executives of Wake Forest University Baptist Medical Center and what are their salaries?
The average compensation at Wake Forest University Baptist Medical Center during 2022 was $3,967. There are 22939 employees and 1852 volunteers at Wake Forest University Baptist Medical Center.
Here are 32 key members and their salaries (Wake Forest University Baptist Medical Center's CEO's salary is $0 and their total compensation is $5,824,024):
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- Related: $1,398,169
- Other: $314,071
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- Compensation: $1,335,054
- Related: $0
- Other: $135,513
- Compensation: $984,139
- Related: $0
- Other: $159,721
- Compensation: $0
- Related: $647,740
- Other: $142,213
- Compensation: $0
- Related: $5,155,928
- Other: $668,096
- Compensation: $0
- Related: $1,579,819
- Other: $290,900
- Compensation: $606,014
- Related: $0
- Other: $101,136
- Compensation: $526,927
- Related: $0
- Other: $96,105
- Compensation: $1,690,428
- Related: $0
- Other: $289,736
- Compensation: $520,841
- Related: $0
- Other: $29,632
- Compensation: $1,125,615
- Related: $0
- Other: $182,832
- Compensation: $806,565
- Related: $0
- Other: $142,283
- Compensation: $753,377
- Related: $0
- Other: $49,180
- Compensation: $721,874
- Related: $0
- Other: $132,279
- Compensation: $889,085
- Related: $0
- Other: $81,765
- Compensation: $277,946
- Related: $0
- Other: $4,452
Official website here: www.wakehealth.edu
Where can I find the form 990 for Wake Forest University Baptist Medical Center?
Wake Forest University Baptist Medical Center's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.wakehealth.edu
Learn more at the official website: www.wakehealth.edu
Mission Statement of Wake Forest University Baptist Medical Center
Wake Forest University Baptist Medical Center, often referred to as WFUBMC, is a integral part of Atrium Health Wake Forest Baptist, a renowned learning health system and academic medical center. This esteemed organization is dedicated to improving health, instilling hope, and advancing healing for all. Its mission goes beyond individual well-being; it aspires to make a difference in the lives of everyone in the community and beyond.
WFUBMC's commitment to excellence and innovation is evident in its balanced approach to patient care, research, and education. This preeminent medical center prioritizes collaboration among professionals, ensuring that the latest medical advancements are integrated into patient care. Its academic medical center status further propels its mission to promote better health for all.
Atrium Health Wake Forest Baptist's vision is to be the first and best choice for care. The medical center's unwavering dedication to improving health, elevating hope, and advancing healing for all resonates deeply within the organization. This commitment extends beyond the walls of the medical center, as WFUBMC strives to make a positive impact on society. By focusing on collaboration, excellence, and innovation, Wake Forest University Baptist Medical Center continues to pave the way for a healthier future for all.
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Impact
October, 2024
Wake Forest University Baptist Medical Center significantly impacts public health and medical care in Winston-Salem, NC, and beyond. Its mission to improve health, elevate hope, and advance healing for all resonates through a comprehensive range of medical outpatient services. The center is a vital component of Atrium Health Wake Forest Baptist, recognized as a leading academic medical center.
By integrating patient care, research, and education, it fosters a collaborative environment that drives innovation and excellence in healthcare. The Aircare service enhances its reach, providing critical air and mobile ambulance transport to ensure patients receive timely and appropriate care. With its commitment to high-quality healthcare, Wake Forest University Baptist Medical Center plays a crucial role in promoting better health outcomes for diverse communities, ultimately establishing itself as a preferred choice for healthcare needs.
This information is meant to be a general summary of Wake Forest University Baptist Medical Center. 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: $592,962
- Program Service Revenue: $148,331,288
- Gross Receipts: $172,352,092
Assets and Liabilities:
- Total Assets: $507,015,665
- Total Liabilities: $771,082,823
- Net Assets: -$264,067,158
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PATIENT SERVICE REVENUE
Revenue
$146,411,459
RESEARCH REVENUE
Revenue
$1,919,829
Organization Details
Founding Year
1975
Phone
(336) 716-4445Principal Officer
Julie A Freischlag Md
Main Address
MEDICAL CENTER BOULEVARD, WINSTONSALEM, NC, 27157
Website
www.wakehealth.eduNTEE Category
Code: E120 - Health
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