Overview
What is Cola Inc?
Cola Inc, a physician-led nonprofit based in Columbia, Maryland, is dedicated to promoting health and safety through accreditation and educational programs. Their Accreditation Products division handles on-site surveys for laboratories, manages paperwork, and tracks the progress of participants in the accreditation process. Cola's rigorous facility criteria focus on safety, patient convenience, and access. Medical reports from each physician are thoroughly reviewed for compliance with organization, confidentiality, and safety standards. With a team of 82 employees, Cola Inc is committed to ensuring the highest level of health and safety for individuals through their accreditation programs.
Official website here: www.cola.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 82%, Three-Star out of Four Star rating.
Cola Inc has received a Three-Star rating from Charity Navigator, indicating a relatively strong performance in accountability and finance. The organization scored 82% overall, with particular strengths in governance, such as having a fully independent board and robust financial oversight practices. These factors contribute positively to its credibility and transparency.
While Cola Inc demonstrates good accountability practices—such as having comprehensive conflict of interest and whistleblower policies—there are areas for improvement. The liabilities to assets ratio indicates a potential concern with financial stability, scoring only 1 out of 15 points. This suggests that the organization may need to enhance its financial structure to ensure long-term sustainability.
Overall, Cola Inc shows a commitment to responsible governance and program expenses, with 73.27% of its budget allocated to programs. However, stakeholders may want to consider its financial ratios and overall stability when assessing the organization's viability in the long term.
This AI summary has been generated from information found on Charity Navigator.
Is Cola Inc legitimate?
Cola Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cola 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: $2,990,514
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,432,719
For more financial information, click here
Official website here: www.cola.org
What is the mission statement of Cola Inc?
Cola Inc is a physician-led organization with a mission to promote health and safety through accreditation and educational programs. Their primary goal is to ensure compliance with rigorous standards in the laboratory sector. The accreditation division of Cola Inc handles on-site surveys for the laboratory accreditation program, manages paperwork, and tracks each participant's progress through the accreditation process. Cola's uniform set of facility criteria focuses on safety, patient convenience, and access. Medical reports for physicians undergo thorough reviews for compliance with organization, confidentiality, and safety standards.
Official website here: www.cola.org
Who is the CEO of Cola Inc?
Nancy Stratton is the CEO of Cola Inc The CEO's salary of Cola Inc is $537,060 and their total compensation is $580,281.
Official website here: www.cola.org
What is the revenue of Cola Inc?
Cola Inc's revenue in 2023 was $13,060,133.
Official website here: www.cola.org
Who are the executives of Cola Inc and what are their salaries?
The average compensation at Cola Inc during 2023 was $89,437. There are 83 employees and 12 volunteers at Cola Inc.
Here are 25 key members and their salaries (Cola Inc's CEO's salary is $537,060 and their total compensation is $580,281):
- Compensation: $537,060
- Related: $0
- Other: $43,221
- Compensation: $302,548
- Related: $0
- Other: $32,603
- Compensation: $306,894
- Related: $0
- Other: $12,683
- Compensation: $289,281
- Related: $0
- Other: $21,109
- Compensation: $272,654
- Related: $0
- Other: $18,458
- Compensation: $234,440
- Related: $0
- Other: $32,135
- Compensation: $185,920
- Related: $0
- Other: $27,614
- Compensation: $203,083
- Related: $0
- Other: $4,943
- Compensation: $141,513
- Related: $0
- Other: $24,297
- Compensation: $146,797
- Related: $0
- Other: $10,989
- Compensation: $141,506
- Related: $0
- Other: $15,079
- Compensation: $130,647
- Related: $0
- Other: $5,226
- Compensation: $132,050
- Related: $0
- Other: $1,609
- Compensation: $0
- Related: $0
- Other: $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
- Compensation: $0
- Related: $0
- Other: $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
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.cola.org
Where can I find the form 990 for Cola Inc?
Cola Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.cola.org
Learn more at the official website: www.cola.org
Mission Statement of Cola Inc
Cola Inc, a physician-led organization, is dedicated to promoting health and safety through accreditation and educational programs. The mission of Cola Inc encompasses two essential aspects: accreditation and education. This nonprofit organization is committed to ensuring that laboratories adhere to stringent safety and quality standards. To achieve this, Cola Inc schedules on-site surveys as part of their laboratory accreditation program and handles the paperflow while tracking the progress of each participant through the accreditation process. Their uniform set of facility criteria addresses issues of safety, patient convenience, and access.
Moreover, Cola Inc reviews medical reports for each physician to ensure compliance with organization, confidentiality, and safety standards. The organization plays a crucial role in maintaining the integrity of the healthcare system by adhering to these rigorous standards. Cola Inc's unwavering commitment to upholding quality and safety in healthcare makes it an indispensable partner for healthcare providers seeking to enhance the well-being of their patients.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Cola Inc plays a vital role in enhancing health and safety standards within medical laboratories through its accreditation and educational programs. By offering structured assessments and on-site surveys, the organization ensures that laboratories meet a uniform set of facility criteria that emphasize safety, patient convenience, and accessibility.
This process involves a thorough review of medical reports for compliance with established standards regarding content, confidentiality, and safety. Through rigorous accreditation processes, Cola Inc fosters a culture of quality and accountability in healthcare settings. The educational initiatives complement this by equipping healthcare providers with the knowledge and tools necessary to maintain high standards of practice.
Overall, Cola Inc's impact is significant, as it not only promotes adherence to health guidelines but also enhances patient safety and care quality across medical laboratories.
This information is meant to be a general summary of Cola 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 2023.
- Investment Income: $599,142
- Program Service Revenue: $12,460,991
- Gross Receipts: $13,060,133
Assets and Liabilities:
- Total Assets: $26,205,861
- Total Liabilities: $11,841,945
- Net Assets: $14,363,916
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LABORATORY ACCREDITATION FEES
Revenue
$11,929,267
EDUCATIONAL PRODUCTS AND SERVICES
Revenue
$531,724
Organization Details
If you are a representative of Cola Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.