Overview
What is The Logan Medical Foundation Inc?
The Logan Medical Foundation Inc, situated in Chapmanville, West Virginia, is a nonprofit organization dedicated to supporting, managing, and furnishing healthcare facilities, personnel, and services. Their mission is to aid in the diagnosis, care, and treatment of sick, injured, or disabled individuals, disregarding factors such as race, creed, color, age, sex, or national origin. They also provide facilities, personnel, funds, and requirements for the education and training of medical and health-related personnel. Additionally, the foundation participates in scientific research and any other activity aimed at promoting the overall health of the community. Currently, they are in the process of liquidating liabilities and collecting available receivables related to patient care from prior years. Once all receivables are collected and liabilities are satisfied, the remaining cash and assets will be transferred to Logan Healthcare Foundation Inc., a 501(c)(3) organization established by the Logan Medical Foundation. In the current year, $300,000 has been transferred to the Logan Healthcare Foundation Inc.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Stars
The Logan Medical Foundation Inc has received a commendable Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and finance. The foundation's overall score is derived entirely from its performance in these areas, indicating a robust financial health and operational transparency.
One of the standout strengths of the organization is its governance structure, with 80% of board members being independent. This independence contributes to effective oversight and decision-making. The foundation demonstrates excellent practices, including a clear conflict of interest policy and comprehensive whistleblower protections, which further enhance its credibility.
Financially, the foundation is in strong standing, with a liabilities-to-assets ratio of 0.00%, showcasing it does not owe more than it possesses. Additionally, its program expense ratio of 81.29% indicates a solid commitment to channeling funds towards its mission-driven activities. Overall, The Logan Medical Foundation Inc exemplifies responsible management and a focus on its charitable objectives.
This AI summary has been generated from information found on Charity Navigator.
Is The Logan Medical Foundation Inc legitimate?
The Logan Medical Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Logan Medical Foundation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of The Logan Medical Foundation Inc?
The Logan Medical Foundation Inc's mission is focused on supporting, managing, and providing healthcare facilities, personnel, and services for individuals who are sick, injured, or disabled, regardless of their race, creed, color, age, sex, or national origin. The organization also invests in the education and training of medical and health-related personnel, and actively participates in or manages scientific research, all aimed at promoting the general health of the community.
Who is the CEO of The Logan Medical Foundation Inc?
John Earles is the President & Treasurer of The Logan Medical Foundation Inc.
What is the revenue of The Logan Medical Foundation Inc?
The Logan Medical Foundation Inc's revenue in 2022 was -$715,749.
Who are the executives of The Logan Medical Foundation Inc and what are their salaries?
There 4 volunteers at The Logan Medical Foundation Inc.
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $100,000
- Other: $3,277
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for The Logan Medical Foundation Inc?
The Logan Medical Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Logan Medical Foundation Inc
The Logan Medical Foundation Inc is committed to supporting, managing, and providing resources for hospitals and healthcare facilities, personnel, and services. Their mission is to ensure that sick, injured, or disabled individuals, regardless of race, creed, color, age, sex, or national origin, receive diagnosis, care, and treatment. Furthermore, this organization invests in the education and training of medical and healthcare-related personnel, aiming to promote the general health of the community. The foundation also participates in scientific research and other activities designed to enhance community health.
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Impact
October, 2024
The Logan Medical Foundation Inc significantly enhances community well-being by supporting and managing healthcare facilities and services dedicated to diagnosing, caring for, and treating individuals who are sick, injured, or disabled. Its commitment to providing equitable healthcare is evident in its policies that ensure access without discrimination based on race, creed, color, age, sex, or national origin.
By facilitating the education and training of medical and health-related personnel, the foundation plays a crucial role in building a skilled workforce that can meet the health needs of the community. Additionally, its involvement in scientific research fosters innovation and advances in medical practices, further promoting overall health outcomes.
In recent developments, the foundation has been working to streamline its financial operations, indicating responsible management of resources. The transfer of $300,000 to Logan Healthcare Foundation, Inc. is a testament to its strategic planning and commitment to enhancing healthcare services in the region. This proactive approach not only helps in addressing immediate healthcare needs but also establishes a foundation for sustained health improvement initiatives within the community.
This information is meant to be a general summary of The Logan Medical Foundation 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 2022.
- Investment Income: -$752,482
- Gross Receipts: $23,487,822
Assets and Liabilities:
- Total Assets: $11,084,759
- Total Liabilities: $0
- Net Assets: $11,084,759
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Organization Details
Founding Year
1989
Phone
(304) 310-4705Principal Officer
John Earles
Main Address
400 AIRPORT ROAD, CHAPMANVILLE, WV, 25508
NTEE Category
Code: E220 - Health
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