Overview
What is Urac?
Urac is a nonprofit organization based in Washington, D.C., specifically at 1220 L Street NW 900. Their primary goal is to enhance the quality and efficiency of healthcare delivery by establishing standards, offering education, and promoting communication. They achieve this through their accreditation services, focusing on certain healthcare industry segments. With a workforce of 67 employees, Urac's mission is to improve healthcare through leadership, accreditation, measurement, and innovation.
Official website here: www.urac.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 96% (Four-Star out of Four Star rating)
Urac has achieved a commendable 96% rating from Charity Navigator, reflecting a strong commitment to accountability and financial transparency. This rating is based solely on the Accountability & Finance category, where Urac scored highly across multiple metrics, showcasing effective management and governance practices.
The organization boasts a fully independent board, comprising 17 members, which contributes to its strong oversight and decision-making processes. Additionally, Urac has implemented robust policies, including a conflict of interest policy and a whistleblower policy, ensuring ethical standards are maintained. The low ratio of liabilities to assets at 13.56% and a high program expense ratio of 82.01% indicate a focus on utilizing resources effectively to support its mission.
While the data highlights impressive financial accountability, it should be noted that the rating does not encompass other potential performance indicators, such as program effectiveness or community impact. Nonetheless, the strong financial practices and governance structure suggest that Urac is well-positioned to achieve its objectives and maintain donor trust.
This AI summary has been generated from information found on Charity Navigator.
Is Urac legitimate?
Urac is a legitimate nonprofit organization registered as a 501(c)(3) entity. Urac 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: $2,328,056
Professional Fundraising Fees: $0
Other Salaries and Wages: $8,271,056
For more financial information, click here
Official website here: www.urac.org
What is the mission statement of Urac?
Urac strives to enhance healthcare management through accreditation, education, and measurement. Their mission is to improve the quality of healthcare delivery by leading the way, accrediting institutions, and implementing standards, education, and communication. By promoting continuous improvement, Urac aims to set the bar high for healthcare efficiency and effectiveness. Through its accreditation process, Urac establishes and upholds industry standards, fostering a culture of excellence and growth in healthcare services.
Official website here: www.urac.org
Who is the CEO of Urac?
Shawn Griffin is the CEO of Urac The CEO's salary of Urac is $723,627 and their total compensation is $776,310.
Official website here: www.urac.org
What is the revenue of Urac?
Urac's revenue in 2023 was $23,447,385.
Official website here: www.urac.org
Who are the executives of Urac and what are their salaries?
The average compensation at Urac during 2023 was $153,610. There are 69 employees and 88 volunteers at Urac.
Here are 30 key members and their salaries (Urac's CEO's salary is $723,627 and their total compensation is $776,310):
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- Compensation: $723,627
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- Compensation: $199,287
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- Other: $48,981
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- Other: $45,425
Official website here: www.urac.org
Where can I find the form 990 for Urac?
Urac's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.urac.org
Learn more at the official website: www.urac.org
Mission Statement of Urac
Urac, a leading organization, is dedicated to enhancing healthcare management through accreditation, education, and measurement. By setting high standards for healthcare delivery, Urac strives to improve the overall quality of care. The mission of Urac is multifaceted, encompassing leadership, accreditation, measurement, and innovation.
Urac's primary program revolves around offering accreditation services to the healthcare industry. It caters to various segments with specialized products. The accreditation process, overseen by Urac, emphasizes continuous improvement in the efficiency and quality of healthcare services. This is accomplished through the establishment of stringent industry standards, provision of education, and effective communication.
Urac's commitment to quality improvement goes beyond accreditation. Through its leadership role, the organization drives the transformation of healthcare delivery. It advocates for best practices, fostering a culture of excellence and innovation. By setting the bar high and consistently challenging industry norms, Urac motivates healthcare providers to strive for excellence and deliver superior care to their patients.
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Impact
October, 2024
Urac's impact on healthcare management is significant, primarily through its accreditation services, which enhance the quality and efficiency of healthcare delivery. By establishing rigorous standards and providing educational resources, Urac fosters a culture of continuous improvement within the healthcare industry. Its comprehensive approach encompasses various segments, ensuring that healthcare organizations meet high standards of care and operational excellence. This not only benefits providers but also improves patient outcomes by promoting accountability and transparency in healthcare practices. Through its commitment to leadership, measurement, and innovation, Urac plays a crucial role in transforming healthcare into a more effective and reliable system, ultimately contributing to better health for communities.
This information is meant to be a general summary of Urac. 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: $2,101,457
- Program Service Revenue: $22,768,877
- Gross Receipts: $79,477,713
Assets and Liabilities:
- Total Assets: $75,604,426
- Total Liabilities: $15,584,315
- Net Assets: $60,020,111
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ACCREDITATION & ONSITE
Revenue
$22,578,736
EDUCATION & TRAINING
Revenue
$117,317
PUBLICATIONS
Revenue
$65,513
SOFTWARE FEES
Revenue
$7,311
Organization Details
Founding Year
1990
Principal Officer
Shawn Griffin Md
Website
www.urac.orgNTEE Category
Code: S40Z - Community improvement
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