Overview
What is Bath Community Hospital Foundation?
Bath Community Hospital Foundation is a charitable organization established primarily to support and aid Bath Community Hospital in fulfilling its philanthropic objectives. The foundation serves as a crucial source of funds for the hospital's operational expenses, capital equipment, and improvements. Bath Community Hospital is a designated beneficiary of the Lettie Pate Evans Trust, which provides substantial annual support. The hospital then channels this support to the foundation to foster its growth, ensuring long-term aid for the hospital. The foundation is responsive to the hospital's needs and demands, and in case the hospital ceases to exist, it will continue to benefit any qualifying organization serving the medical health needs of the Alleghany Highlands and Bath County community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Star rating.
The Bath Community Hospital Foundation has earned an impressive Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. The foundation's overall score reflects its strong commitment to transparency and effective financial management, with a primary focus on accountability. With a program expense ratio of 98.62%, the organization demonstrates a dedication to directing the majority of its funds toward its mission.
Strengths noted in the evaluation include a fully independent board, with 100% of its members meeting this criterion, as well as robust policies for conflict of interest, whistleblower protections, and document management. The foundation’s audit and oversight committee scored perfectly, further underscoring its commitment to maintaining high standards of governance. Additionally, there were no indications of material diversion of assets, which enhances trust in the organization’s operations.
While the foundation showcases numerous strengths, continued vigilance in maintaining its financial practices and governance structures will be essential for sustaining this high level of performance. Overall, the Bath Community Hospital Foundation stands out as a model for effective nonprofit management.
This AI summary has been generated from information found on Charity Navigator.
Is Bath Community Hospital Foundation legitimate?
Bath Community Hospital Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bath Community Hospital Foundation 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
For more financial information, click here
What is the mission statement of Bath Community Hospital Foundation?
The Bath Community Hospital Foundation is established with the sole purpose of supporting and benefiting Bath Community Hospital. Its mission is to aid the hospital in fulfilling its charitable objectives. The foundation is responsive to the hospital's needs and demands, ensuring it operates for the betterment of the medical health needs of the Allegheny Highlands and Bath County community. If the hospital ceases to exist, the foundation will continue its operations to support any qualifying organization that serves similar medical health needs in the area.
Who is the CEO of Bath Community Hospital Foundation?
Tom Vandenhoven is the Chair of Bath Community Hospital Foundation. The CEO's salary of Bath Community Hospital Foundation is $0 and their total compensation is $312,462.
What is the revenue of Bath Community Hospital Foundation?
Bath Community Hospital Foundation's revenue in 2022 was $742,693.
Who are the executives of Bath Community Hospital Foundation and what are their salaries?
Here are 17 key members and their salaries (Bath Community Hospital Foundation's CEO's salary is $0 and their total compensation is $312,462):
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- Related: $278,377
- Other: $29,173
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- Related: $276,536
- Other: $35,926
- Compensation: $0
- Related: $172,639
- Other: $17,779
Where can I find the form 990 for Bath Community Hospital Foundation?
Bath Community Hospital Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Bath Community Hospital Foundation
Bath Community Hospital Foundation is established with a primary objective of benefiting and supporting Bath Community Hospital in its charitable endeavors. The foundation is responsive to the hospital's needs and demands, ensuring it can fulfill its mission effectively. If, in the unlikely event, Bath Community Hospital ceases to exist, the foundation will instead support any qualifying organization that serves the medical and health needs of the Allegheny Highlands and Bath County community. In essence, Bath Community Hospital Foundation exists to bolster the charitable work of Bath Community Hospital, ensuring it can continue to serve its community effectively, and if necessary, transition its support to another deserving organization.
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Impact
July, 2024
Bath Community Hospital Foundation's impact is focused on providing essential support to Bath Community Hospital, ensuring the hospital can fulfill its charitable purposes, fund operations, acquire capital equipment, and make capital improvements. This assistance is vital for the hospital to continue serving the medical health needs of the Alleghany Highlands and Bath County community. Through their partnership with the hospital and the Lettie Pate Evans Trust, the Foundation plays a crucial role in sustaining and growing the resources necessary for the hospital's long-term success and sustainability.
This information is meant to be a general summary of Bath Community Hospital Foundation. 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: $672,529
- Gross Receipts: $6,306,872
Assets and Liabilities:
- Total Assets: $21,747,633
- Total Liabilities: $4,193
- Net Assets: $21,743,440
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Organization Details
Founding Year
2002
Phone
(540) 839-7000Principal Officer
Tom Vandenhoven
Main Address
PO DRAWER Z, HOT SPRINGS, VA, 24445
NTEE Category
Code: E11 - Health
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