Overview
What is Swannanoa Valley Medical Center Inc?
Swannanoa Valley Medical Center Inc is a nonprofit organization committed to serving various charitable, religious, educational, and scientific purposes. Their primary focus involves operating as a medical facility, offering essential healthcare services. In addition to their internal operations, Swannanoa Valley Medical Center supports other organizations that meet the criteria of being classified as exempt under section 501 c 3. Their mission is multifaceted, encompassing both direct medical care and charitable contributions to like-minded organizations.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, Two-Star out of Four Star rating.
Swannanoa Valley Medical Center Inc has received a Two-Star rating, indicating that while it demonstrates some strengths, there are areas that may require improvement. The organization's Accountability & Finance score is also 73, reflecting decent financial health but pointing to potential concerns regarding overall effectiveness in operations or service delivery.
The center boasts a high percentage of independent board members, with 91% independence, and an independent board size of 11 members, which suggests strong governance practices. Additionally, the organization has shown no material diversion of assets, documents board meeting minutes, and maintains a favorable liabilities to assets ratio at 0.00%. Furthermore, an impressive program expense ratio of 91.59% indicates that a significant portion of resources is directed toward its programs.
Despite these strengths, the overall Two-Star rating signifies the need for the organization to enhance its performance metrics and operational effectiveness to foster greater trust and support from the community it serves.
This AI summary has been generated from information found on Charity Navigator.
Is Swannanoa Valley Medical Center Inc legitimate?
Swannanoa Valley Medical Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Swannanoa Valley Medical Center 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 Swannanoa Valley Medical Center Inc?
Swannanoa Valley Medical Center Inc operates with a mission to provide medical facilities for charitable, religious, educational, and scientific purposes. The organization extends its support by contributing to organizations that meet the criteria of being exempt under section 501 c 3. This implies that Swannanoa Valley Medical Center Inc is dedicated to serving the community and furthering various causes through its medical facilities and financial contributions.
Who is the CEO of Swannanoa Valley Medical Center Inc?
Sharon Zeigler is the Treasurer of Swannanoa Valley Medical Center Inc.
What is the revenue of Swannanoa Valley Medical Center Inc?
Swannanoa Valley Medical Center Inc's revenue in 2022 was $470,989.
Who are the executives of Swannanoa Valley Medical Center Inc and what are their salaries?
There 10 volunteers at Swannanoa Valley Medical Center Inc.
Here are 11 key members and their salaries:
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Where can I find the form 990 for Swannanoa Valley Medical Center Inc?
Swannanoa Valley Medical Center Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Swannanoa Valley Medical Center Inc
Swannanoa Valley Medical Center Inc, as a medical facility, operates with a charitable mission. This mission encompasses providing medical services for purposes that are not solely profit-driven, but rather serve religious, educational, and scientific needs. Furthermore, the center contributes to organizations that fall under the category of exempt organizations, as defined by section 501 c 3 of the Internal Revenue Code. Essentially, Swannanoa Valley Medical Center Inc aims to use its medical facilities and resources to contribute positively to various sectors, beyond just making a profit.
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Impact
July, 2024
Swannanoa Valley Medical Center Inc's impact is significant in providing medical facilities for charitable purposes in Black Mountain, NC. They serve the community by offering healthcare services for those in need, contributing to the overall health and well-being of the population. By focusing on charitable, religious, educational, and scientific purposes, Swannanoa Valley Medical Center plays a vital role in improving access to healthcare services and supporting organizations that qualify as exempt under section 501(c)(3). Their work aligns with their mission to provide quality medical care while making a positive impact on the community's health.
This information is meant to be a general summary of Swannanoa Valley Medical Center 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: $437,909
- Gross Receipts: $548,042
Assets and Liabilities:
- Total Assets: $847,760
- Total Liabilities: $9,104
- Net Assets: $838,656
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Organization Details
Founding Year
1974
Principal Officer
Sharon Zeigler
Main Address
P O BOX 1446, BLACK MOUNTAIN, NC, 28711
NTEE Category
Code: E22Z - Health
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