Overview
What is Boone Memorial Hospital Inc?
Boone Memorial Hospital Inc, located in Madison, West Virginia, is a nonprofit healthcare organization with a team of 499 employees. Their mission is to provide a comprehensive range of inpatient and outpatient services, focusing on delivering high-quality healthcare in an environment of care and concern. During their fiscal year ending June 30, 2022, they had 1,064 acute care admissions, 149 skilled nursing care admissions, 16,105 emergency room visits, 51,251 outpatient visits, and 54,240 visits in their two rural health clinics. Additionally, they offered a cash-only Respite Care Program with 18 admissions and 398 days, acting as a community benefit. The hospital remains committed to making services available to all, ensuring high professional standards and an organizational environment that fosters high performance and satisfaction for its staff.
Official website here: www.bmh.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
Boone Memorial Hospital Inc has received a Three-Star rating from Charity Navigator, reflecting an overall score of 81%. This rating is based solely on the organization's accountability and finance, demonstrating a strong commitment to transparency and responsible financial management. The nonprofit excels in areas such as maintaining an independent board with a majority of members, achieving full points in audit and material diversion of assets, indicating sound governance practices.
Strengths highlighted include a comprehensive conflict of interest policy and effective whistleblower protections, both of which contribute to the organization's integrity. Additionally, Boone Memorial Hospital demonstrates a solid program expense ratio of 82.60%, suggesting that a significant portion of its resources is directed towards its mission-related activities rather than administrative costs.
However, the organization faces a limitation with a liabilities to assets ratio of 70.12%, which did not earn any points. This statistic indicates potential financial strain, as a high ratio may suggest that the hospital has considerable obligations relative to its assets. Overall, while Boone Memorial Hospital Inc has shown strong accountability practices, its financial liabilities may warrant further attention.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Boone Memorial Hospital Inc?
74% of the 214 reviewers on Facebook recommend Boone Memorial Hospital Inc. Here's a summary of their thoughts:
Many individuals express gratitude for the new facilities, highlighting the smooth operational flow within the hospital. The staff, particularly Dr. Berry and Nurse Brency, have received commendations for their compassionate care, which resonates well with the community. This personal touch appears to foster a sense of trust and reassurance among patients.
Overall, the sentiments reflect a positive experience for a majority of the reviewers, who appreciate the quality of service and the attentive nature of the healthcare professionals at Boone Memorial Hospital. The commitment to patient care has made a lasting impression on those who have utilized their services.
This AI summary has been generated from reviews found on Facebook.
Is Boone Memorial Hospital Inc legitimate?
Boone Memorial Hospital Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Boone Memorial Hospital 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: $993,160
Professional Fundraising Fees: $0
Other Salaries and Wages: $28,825,570
For more financial information, click here
Official website here: www.bmh.org
What is the mission statement of Boone Memorial Hospital Inc?
Boone Memorial Hospital strives to offer a comprehensive range of inpatient and outpatient healthcare services. The mission of Boone Memorial Hospital is to establish an environment where skilled healthcare professionals collaborate to deliver high-quality healthcare services with a sense of brotherly love and concern. This includes prevention, guidance, diagnosis, treatment, restoration, and rehabilitation efforts, enabling patients to lead healthy, productive lives. The hospital recognizes its responsibility to make healthcare accessible to all who can benefit, providing services in an economical manner while adhering to professional standards. Boone Memorial Hospital is committed to fostering an organizational culture that motivates its staff, including physicians, employees, and volunteers, to perform at high standards and find maximum satisfaction.
Official website here: www.bmh.org
Who is the CEO of Boone Memorial Hospital Inc?
Virgil Underwood is the Chief Executive Officer of Boone Memorial Hospital Inc. The CEO's salary of Boone Memorial Hospital Inc is $267,740 and their total compensation is $455,781.
Official website here: www.bmh.org
What is the revenue of Boone Memorial Hospital Inc?
Boone Memorial Hospital Inc's revenue in 2022 was $67,370,697.
Official website here: www.bmh.org
Who are the executives of Boone Memorial Hospital Inc and what are their salaries?
The average compensation at Boone Memorial Hospital Inc during 2022 was $59,757. There are 499 employees and 45 volunteers at Boone Memorial Hospital Inc.
Here are 18 key members and their salaries (Boone Memorial Hospital Inc's CEO's salary is $267,740 and their total compensation is $455,781):
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- Compensation: $267,740
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- Other: $188,041
- Compensation: $198,529
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- Other: $77,067
- Compensation: $184,974
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- Other: $76,809
- Compensation: $256,728
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- Other: $22,507
- Compensation: $572,644
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- Other: $26,603
- Compensation: $613,877
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- Other: $26,041
- Compensation: $448,740
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- Other: $22,507
- Compensation: $450,156
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- Compensation: $457,207
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- Other: $29,658
Official website here: www.bmh.org
Where can I find the form 990 for Boone Memorial Hospital Inc?
Boone Memorial Hospital Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.bmh.org
Learn more at the official website: www.bmh.org
Mission Statement of Boone Memorial Hospital Inc
Boone Memorial Hospital Inc is dedicated to supplying a comprehensive range of inpatient and outpatient services, with a mission to create an environment where qualified healthcare professionals can work together to provide high-quality healthcare services. In this nurturing atmosphere, Boone Memorial Hospital aspires to assist patients in leading healthy, productive lives.
The organization recognizes its responsibility to make these services accessible to all individuals who can benefit from them, providing them in an economical manner while maintaining high professional standards. Boone Memorial Hospital's programs encompass prevention, guidance, diagnosis, treatment, restoration, and rehabilitation. Its team is committed to developing an organizational environment that stimulates its staff to high standards of performance and ensures their maximum satisfaction and achievement.
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Impact
October, 2024
Boone Memorial Hospital Inc significantly contributes to the health and well-being of the Madison, WV community through a range of inpatient and outpatient services. In the past year, the hospital recorded 1,064 acute care admissions, 149 skilled nursing care admissions, and an impressive 16,105 emergency room visits, highlighting its critical role as a healthcare provider.
Additionally, Boone Memorial Hospital operates two rural health clinics that catered to 54,240 visits, ensuring that healthcare access is available even in underserved areas. The establishment also placed a strong emphasis on preventive and rehabilitative services, providing patients with the necessary guidance and treatment to lead healthy, productive lives.
The hospital's respite care program addresses the needs of caregivers and patients alike, offering support with 18 admissions and 398 respite days. This program is particularly valuable as it provides relief to family members who might be caring for loved ones with significant health challenges, although it operates on a cash-only basis and does not bill insurance, further emphasizing its commitment to community support.
By striving to deliver high-quality healthcare in a compassionate environment, Boone Memorial Hospital not only serves as a medical institution but also fosters a sense of community well-being, aimed at enhancing the overall health outcomes of its patients. The hospital's approach ensures that all individuals in the area can access necessary medical services while supporting the professional development and satisfaction of its healthcare providers.
This information is meant to be a general summary of Boone Memorial Hospital 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: $104,781
- Program Service Revenue: $63,097,379
- Gross Receipts: $67,370,697
Assets and Liabilities:
- Total Assets: $67,379,046
- Total Liabilities: $47,676,108
- Net Assets: $19,702,938
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PATIENT SERVICE REVENUE
Revenue
$55,352,123
PHARMACY
Revenue
$6,429,486
340B PROGRAM REVENUE
Revenue
$1,131,692
DIETARY SALES
Revenue
$184,078
Organization Details
Founding Year
2010
Phone
(304) 369-1230Principal Officer
Virgil Underwood
Main Address
701 MADISON AVENUE, MADISON, WV, 25130
Website
www.bmh.orgNTEE Category
Code: E22 - Health
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