Overview
What is Carilion Franklin Memorial Hospital?
Carilion Franklin Memorial Hospital is a nonprofit institution dedicated to enhancing the health and wellbeing of the communities it serves. Through a shared commitment to improved patient care, community health, and cost reduction, the hospital strives to make a positive impact on local populations. The hospital's unwavering mission is to provide better care for its patients, contribute to overall community health, and lower healthcare costs.
Official website here: www.carilionclinic.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Carilion Franklin Memorial Hospital received a Two-Star out of Four Star rating from Charity Navigator, indicating that there are significant areas for improvement despite a high score of 73%. The organization has demonstrated strong accountability and finance practices, achieving a perfect score of 100% in this category, which suggests effective oversight and management of its financial resources.
However, the hospital faces challenges in board governance, with only 45% of its board members being independent, which is below optimal standards. Additionally, while the program expense ratio is commendable at 85.88%, indicating that a substantial portion of its expenses is directed towards programs, the liabilities to assets ratio at 73.64% raises concerns about the financial health and stability of the organization.
Overall, while Carilion Franklin Memorial Hospital shows strengths in several governance and financial practices, improvements in board member independence and financial ratios are necessary for it to enhance its operational effectiveness and community trust.
This AI summary has been generated from information found on Charity Navigator.
Is Carilion Franklin Memorial Hospital legitimate?
Carilion Franklin Memorial Hospital is a legitimate nonprofit organization registered as a 501(c)(3) entity. Carilion Franklin 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: $281,090
Professional Fundraising Fees: $0
Other Salaries and Wages: $20,320,006
For more financial information, click here
Official website here: www.carilionclinic.org
What is the mission statement of Carilion Franklin Memorial Hospital?
Carilion Franklin Memorial Hospital is dedicated to enhancing the health of the communities it serves. This commitment is anchored in a shared objective to deliver superior patient care, promote community health, and reduce costs. The hospital is steadfast in its pursuit of better patient care, ensuring quality services and optimal health outcomes. It also strives to foster improved community health, engaging in initiatives aimed at preventing diseases and promoting wellness. Lastly, Carilion Franklin Memorial Hospital is committed to operating efficiently to keep costs low, making healthcare accessible to more people.
Official website here: www.carilionclinic.org
Who is the CEO of Carilion Franklin Memorial Hospital?
Unavailable The CEO's salary of Carilion Franklin Memorial Hospital is $0 and their total compensation is $2,657,171.
Official website here: www.carilionclinic.org
What is the revenue of Carilion Franklin Memorial Hospital?
Carilion Franklin Memorial Hospital's revenue in 2022 was $70,034,301.
Official website here: www.carilionclinic.org
Who are the executives of Carilion Franklin Memorial Hospital and what are their salaries?
The average compensation at Carilion Franklin Memorial Hospital during 2022 was $64,580. There are 319 employees and 27 volunteers at Carilion Franklin Memorial Hospital.
Here are 22 key members and their salaries (Carilion Franklin Memorial Hospital's CEO's salary is $0 and their total compensation is $2,657,171):
- Compensation: $220,962
- Related: $0
- Other: $162,519
- Compensation: $0
- Related: $768
- Other: $0
- Compensation: $0
- Related: $8,400
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $388,858
- Other: $95,251
- Compensation: $0
- Related: $768
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $227,593
- Other: $65,353
- Compensation: $0
- Related: $36,879
- Other: $25,364
- Compensation: $0
- Related: $1,100,977
- Other: $280,265
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $154,286
- Other: $66,243
- Compensation: $0
- Related: $1,027,399
- Other: $266,876
- Compensation: $0
- Related: $415,087
- Other: $180,417
- Compensation: $0
- Related: $51,831
- Other: $18,964
- Compensation: $0
- Related: $799,125
- Other: $197,025
- Compensation: $0
- Related: $2,498,861
- Other: $158,310
- Compensation: $135,590
- Related: $0
- Other: $42,978
- Compensation: $128,066
- Related: $0
- Other: $53,426
- Compensation: $178,715
- Related: $0
- Other: $83,116
- Compensation: $117,997
- Related: $0
- Other: $43,061
- Compensation: $119,080
- Related: $2,364
- Other: $30,278
Official website here: www.carilionclinic.org
Where can I find the form 990 for Carilion Franklin Memorial Hospital?
Carilion Franklin Memorial Hospital's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.carilionclinic.org
Learn more at the official website: www.carilionclinic.org
Mission Statement of Carilion Franklin Memorial Hospital
Carilion Franklin Memorial Hospital, a dedicated institution, is driven by a mission to enhance the health of the communities it serves. Committed to a shared vision, the hospital strives for better patient care, improved community health, and reduced costs.
In pursuit of its mission, Carilion Franklin Memorial Hospital is steadfast in its dedication to delivering superior patient care. The hospital's team of healthcare professionals works tirelessly to ensure each patient receives the best possible care, fostering an environment of healing and recovery.
Beyond the hospital walls, Carilion Franklin Memorial Hospital is deeply invested in the wellbeing of the larger community. Through its commitment to community health, the hospital seeks to address the root causes of health issues and promote preventative care. By focusing on lowering costs, the institution makes healthcare more accessible and affordable for all, ensuring that everyone in the community has the opportunity to live a healthy and vibrant life.
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Impact
October, 2024
Carilion Franklin Memorial Hospital has a significant impact on the health and well-being of the Roanoke, VA community. Through its commitment to improving patient care, the hospital enhances local healthcare access and quality, ensuring that residents receive timely and effective medical services. This focus on better patient care is complemented by initiatives aimed at improving community health, addressing both urgent medical needs and preventative care to foster long-term wellness among the population.
Additionally, the hospital's efforts to lower healthcare costs make it a vital resource for the community, enabling more families to access necessary medical services without financial burden. By prioritizing these key areas—patient care, community health, and cost efficiency—Carilion Franklin Memorial Hospital plays a crucial role in creating a healthier environment for all residents, ultimately contributing to a more vibrant and resilient community.
This information is meant to be a general summary of Carilion Franklin 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $365,624
- Program Service Revenue: $66,480,215
- Gross Receipts: $74,962,658
Assets and Liabilities:
- Total Assets: $45,660,792
- Total Liabilities: $21,624,935
- Net Assets: $24,035,857
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Net Patient Revenue
Revenue
$66,107,348
Rent From Affiliates
Revenue
$372,867
Organization Details
Founding Year
1956
Phone
(540) 224-5102Main Address
PO BOX 12385, Roanoke, VA, 24025
Website
www.carilionclinic.orgNTEE Category
Code: E220 - Health
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