Overview
What is Princeton Memorial Company?
Princeton Memorial Company, located in Princeton, West Virginia, is a skilled nursing home providing the highest quality care in a warm, comfortable, and friendly environment. During fiscal year 2021, the company served 18,407 patient days and admitted 48 residents, offering inpatient care and conducting COVID and wellness programs for staff, residents, and their families. With a team of 273 employees, they contribute to the healthcare sector by providing assistance to local healthcare providers through nurse aide training courses. The mission of Princeton Memorial Company goes beyond healthcare, ensuring that their residents receive the best possible care in a homely atmosphere.
Official website here: www.phcconline.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
Princeton Memorial Company has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial transparency. The organization scored exceptionally well, earning a perfect score in several areas that contribute to its overall rating, including independent board governance and rigorous financial audits.
Strengths of the organization include a high level of independent board members, with 85% of its board being independent. Additionally, its financial practices are robust, as indicated by the program expense ratio of 84.58%, demonstrating that a significant portion of its budget goes directly to its programs. The organization also maintains detailed policies for conflict of interest, whistleblowing, and document retention, which further strengthens its accountability framework.
While Princeton Memorial Company shows strong performance in financial management, continued focus on transparency and effective communication with stakeholders could enhance its reputation even further. Overall, its high ratings illustrate a well-managed nonprofit dedicated to ethical practices and effective use of resources.
This AI summary has been generated from information found on Charity Navigator.
Is Princeton Memorial Company legitimate?
Princeton Memorial Company is a legitimate nonprofit organization registered as a 501(c)(3) entity. Princeton Memorial Company 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: $630,198
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,894,587
For more financial information, click here
Official website here: www.phcconline.org
What is the mission statement of Princeton Memorial Company?
The Princeton Memorial Company is dedicated to providing top-quality skilled nursing care in a warm, comfortable, and friendly environment. In the past fiscal year, they cared for over 18,000 patient days and admitted 48 new residents. Their commitment to the well-being of their residents extended to conducting COVID and wellness programs for both staff and families. Additionally, they offered nurse aide training courses to assist local healthcare providers. Their mission is to deliver exceptional care and create a positive atmosphere for those in need.
Official website here: www.phcconline.org
Who is the CEO of Princeton Memorial Company?
Stefanie Compton is the Trustee & Administrator of Princeton Memorial Company.
Official website here: www.phcconline.org
What is the revenue of Princeton Memorial Company?
Princeton Memorial Company's revenue in 2022 was $14,583,847.
Official website here: www.phcconline.org
Who are the executives of Princeton Memorial Company and what are their salaries?
The average compensation at Princeton Memorial Company during 2022 was $23,900. There are 273 employees at Princeton Memorial Company.
Here are 11 key members and their salaries:
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- Compensation: $198,427
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- Other: $26,376
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- Compensation: $173,771
- Related: $0
- Other: $23,261
- Compensation: $187,068
- Related: $0
- Other: $21,295
- Compensation: $111,714
- Related: $0
- Other: $11,345
- Compensation: $102,085
- Related: $0
- Other: $12,580
Official website here: www.phcconline.org
Where can I find the form 990 for Princeton Memorial Company?
Princeton Memorial Company's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.phcconline.org
Learn more at the official website: www.phcconline.org
Mission Statement of Princeton Memorial Company
Princeton Memorial Company, a skilled nursing center, is dedicated to providing the highest quality care in an environment that is warm, comfortable, and friendly. The mission of this esteemed organization is to care for patients with utmost dedication and compassion. During the fiscal year 2021, Princeton Memorial Company provided inpatient care for a total of 18,407 patient days and admitted 48 new residents.
The team at Princeton Memorial Company goes above and beyond to ensure the well-being of their patients. In response to the ongoing pandemic, they implemented COVID and wellness programs for both their staff and residents, as well as their families. These programs aimed to keep everyone safe and informed during these uncertain times. Additionally, the company extended a helping hand to area healthcare providers by conducting nurse aide training courses. These efforts not only improved the quality of care in their own facility but also contributed positively to the broader healthcare community.
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Impact
October, 2024
Princeton Memorial Company plays a significant role in the healthcare landscape of Princeton, West Virginia, by providing essential skilled nursing services to the community. In fiscal year 2021, the organization accounted for an impressive 18,407 inpatient care days, supporting 48 new residents during the year. This high level of care reflects their commitment to improving the quality of life for seniors and individuals requiring specialized medical attention.
Moreover, Princeton Memorial not only focuses on patient care but also on the well-being of its staff and community. They implemented COVID-19 and wellness programs for both residents and families, demonstrating an adaptive approach during challenging times. Additionally, their initiative to conduct nurse aide training courses assists local healthcare providers, ensuring that there is a skilled workforce available to meet the increasing demands in healthcare.
Overall, Princeton Memorial Company significantly impacts the health and wellness of its residents and the broader community, creating a safe and nurturing environment while contributing to healthcare workforce development in the region.
This information is meant to be a general summary of Princeton Memorial Company. 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: $4,816
- Program Service Revenue: $13,367,167
- Gross Receipts: $14,583,847
Assets and Liabilities:
- Total Assets: $12,329,372
- Total Liabilities: $1,063,651
- Net Assets: $11,265,721
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEDICARE & MEDICAID
Revenue
$11,071,426
PRIVATE PAY
Revenue
$2,295,741
Organization Details
Founding Year
1964
Phone
(304) 487-3458Principal Officer
Stefanie Compton
Main Address
315 COURTHOUSE RD, PRINCETON, WV, 24740
Website
www.phcconline.orgNTEE Category
Code: E91 - Health
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