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Phillips Memorial Hospital

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 510244409 ✦ Lambertville, NJ ✦ Designated as a 501(c)(3)

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Overview

What is Phillips Memorial Hospital?

Phillips Memorial Hospital is a charitable organization situated in the areas of Lambertville, West Amwell Township, Stockton Borough, and Delaware Township. Its primary mission is to assist financially challenged individuals by covering their hospital or medical expenses. Moreover, the organization manages the Amos Smith Fund, offering scholarships to Phillipsburg High School graduates pursuing careers in healthcare-related fields. Phillips Memorial Hospital also extends its support by donating to various healthcare organizations for associated services.

What are the reviews and ratings of this charity?

Charity Navigator Rating: 70%, earning it a Two-Star out of Four Star rating. The organization demonstrates a strong commitment to accountability and finance, with an excellent score of 70. Notably, Phillips Memorial Hospital has a fully independent board with 100% of its members being independent, and it adheres to robust policies regarding conflicts of interest and whistleblowing.

The hospital also shows positive practices in its document retention and governance, having transparent meeting minutes available. Additionally, it maintains a low liabilities to assets ratio of 0.86%, indicating financial stability. However, its program expense ratio stands at only 50.87%, suggesting that a smaller portion of its expenses directly supports its programs compared to other organizations, which could be a point of concern for potential donors.

Overall, while Phillips Memorial Hospital exhibits strong governance and financial health, the lower program expense ratio indicates that it might not be utilizing its resources as effectively in terms of direct program support. This could limit its overall impact, which is something for stakeholders to consider.


This AI summary has been generated from information found on Charity Navigator.

Is Phillips Memorial Hospital legitimate?

Phillips Memorial Hospital is a legitimate nonprofit organization registered as a 501(c)(3) entity. Phillips Memorial Hospital 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 Phillips Memorial Hospital?

Phillips Memorial Hospital is an organization dedicated to supporting needy individuals in obtaining necessary medical care. It provides funds to cover hospital expenses for individuals residing in specific areas. In addition to this, the organization manages the Amos Smith Fund, which offers scholarships to Phillipsburg High School graduates pursuing careers in healthcare-related fields. Phillips Memorial Hospital also extends donations to various healthcare organizations to facilitate related services. In essence, its mission is to alleviate financial burdens associated with medical care and encourage the pursuit of healthcare careers.

Who is the CEO of Phillips Memorial Hospital?

Philip J Faherty Iii is the Trustee, President of Phillips Memorial Hospital.

What is the revenue of Phillips Memorial Hospital?

Phillips Memorial Hospital's revenue in 2022 was $57,984.

Who are the executives of Phillips Memorial Hospital and what are their salaries?

There 9 volunteers at Phillips Memorial Hospital.


Here are 10 key members and their salaries:


Philip J Faherty Iii (Trustee, President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charles Garefino Jr (Trustee, Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert J Hayes Jr (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nora Marley (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Irma Fuhr (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Shirley Skillman (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sean P Faherty (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charles Herman (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charles Slack (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeanmarie F Moore (Secretary And Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Phillips Memorial Hospital?

Phillips Memorial Hospital's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Phillips Memorial Hospital

Phillips Memorial Hospital is an organization dedicated to supporting the medical needs of individuals in financial distress. Its primary mission involves providing funds for hospital care and medical expenses for those residing in the City of Lambertville, Township of West Amwell, Borough of Stockton, and Delaware Township. Beyond this, the organization also manages the Amos Smith Fund, which offers scholarships to graduates of Phillipsburg High School who are pursuing careers in healthcare-related fields. In addition, Phillips Memorial Hospital extends donations to various healthcare organizations to facilitate related services. In essence, this nonprofit serves as a crucial resource for those in need, ensuring they can access necessary medical care and furthering the careers of future healthcare professionals.

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Impact




August, 2024

Phillips Memorial Hospital's impact is significant in providing financial support for hospital and medical care to needy individuals in the City of Lambertville, Township of West Amwell, Borough of Stockton, and Delaware Township. Additionally, the organization administers the Amos Smith Fund, offering scholarships to Phillipsburg High School graduates pursuing careers in healthcare-related fields. Phillips Memorial Hospital also contributes donations to various healthcare organizations to support related services, making a tangible difference in improving access to healthcare and education in the community.




This information is meant to be a general summary of Phillips Memorial Hospital. 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.

Revenue
$57,984 (2022)
Expenses
$68,312 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $57,984
  • Gross Receipts: $227,929

Assets and Liabilities:

  • Total Assets: $1,344,018
  • Total Liabilities: $11,894
  • Net Assets: $1,332,124

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Organization Details

Founding Year

1919

Principal Officer

Philip J Faherty Iii

Main Address

40 DELAWARE AVE PO BOX 217, LAMBERTVILLE, NJ, 08530

NTEE Category

Code: E22 - Health

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