Overview
What is Oconee Medical Holdings?
Oconee Medical Holdings is a nonprofit organization that maintains ownership and oversees the operation of a hospital property located in Seneca, South Carolina. Following a lease and contribution agreement in 2014, all healthcare operations were transferred to the Greenville Health System, now known as the Greenville Health Authority, who now serves as the long-term lessee. Oconee Medical Holdings retains fee ownership and control of the real property and improvements, ensuring that the lessee meets the healthcare needs of the community. The organization provides oversight to the lessee's use of the property and receives support from them in accordance with the lease agreement.
What are the reviews and ratings of this charity?
Charity Navigator rating: 82%, Three-Star out of Four Star rating.
Oconee Medical Holdings has achieved an 82% score, reflecting solid accountability and financial practices. The organization benefits from a fully independent board, which is crucial for governance transparency and integrity. Their fiscal management is commendable, with no material diversions of assets and a perfect program expense ratio, indicating that all funds are directed towards their intended programs.
The nonprofit’s robust financial structure is highlighted by an excellent liabilities to assets ratio of 0.00%, showcasing their fiscal stability. Additionally, the organization has established clear policies regarding conflict of interest, document retention, and board meeting documentation, which contributes to their overall accountability.
Despite the positive indicators, some users may seek further insights into programmatic impact and outcomes, as the rating focuses solely on the financial aspect. Overall, Oconee Medical Holdings presents a reliable option for potential donors who value financial accountability in their philanthropic choices.
This AI summary has been generated from information found on Charity Navigator.
Is Oconee Medical Holdings legitimate?
Oconee Medical Holdings is a legitimate nonprofit organization registered as a 501(c)(3) entity. Oconee Medical Holdings 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:
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What is the mission statement of Oconee Medical Holdings?
Oconee Medical Holdings' mission is centered around owning and overseeing the operation of a hospital property. After transferring its healthcare and hospital operations to Greenville Health System as a long-term lessee and new operator in 2014, the corporation retained ownership and control of the real property and improvements. Oconee Medical Holdings provides oversight of the lessee's use of the property to meet the community's healthcare needs. In return, the lessee offers support to the corporation as per the lease agreement. The Greenville Health System later assigned its interest in the healthcare operations and its long-term leasehold interest in the corporation's real property and improvements to Prisma Health-Upstate, who currently serves as the lessee.
What is the revenue of Oconee Medical Holdings?
Oconee Medical Holdings's revenue in 2023 was $3,739,162.
Who are the executives of Oconee Medical Holdings and what are their salaries?
Here are 9 key members and their salaries:
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Where can I find the form 990 for Oconee Medical Holdings?
Oconee Medical Holdings's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Oconee Medical Holdings
Oconee Medical Holdings, as the entity in charge, is committed to managing the hospital property effectively. Its primary mission involves overseeing the operation of this property, ensuring it serves the health care needs of the community. By doing so, Oconee Medical Holdings maintains ownership and control of the real estate and improvements, while allowing a long-term lessee, currently Prisma Health-Upstate, to manage the health care operations. The corporation provides oversight to ensure the lessee's use of the property aligns with its intended purpose, and in turn, receives support from the lessee in accordance with the lease agreement.
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Impact
July, 2024
Oconee Medical Holdings's impact lies in its ownership and oversight of the hospital property in Seneca, South Carolina. Since transferring healthcare and hospital operations to the Greenville Health System in 2014, the organization, now known as Oconee Medical Holdings, continues to retain fee ownership and control of the real property and improvements. By providing oversight of the lessee's use of the property to meet the healthcare needs of the community, Oconee Medical Holdings ensures that crucial medical services are maintained and supported.
This information is meant to be a general summary of Oconee Medical Holdings. 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 2023.
- Gross Receipts: $6,388,033
Assets and Liabilities:
- Total Assets: $30,859,578
- Total Liabilities: $0
- Net Assets: $30,859,578
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Organization Details
Founding Year
1937
NTEE Category
Code: E220 - Health
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