Overview
What is West Tn Healthcare Foundation Inc?
West Tn Healthcare Foundation Inc is a nonprofit organization situated in Jackson, Tennessee. Its primary function involves managing endowments, providing a stable income stream for various nonprofit causes. The foundation also offers endowment management services to other nonprofits, contributing to their growth and sustainability. Their mission extends beyond financial management, as they engage in education and outreach efforts to support health and healing initiatives across West Tennessee. The foundation primarily manages restricted endowments, which contribute significantly to meeting the healthcare needs of West Tennessee Healthcare and the local communities.
Official website here: www.wth.org/foundation
What are the reviews and ratings of this charity?
**West TN Healthcare Foundation Inc - Charity Navigator Rating: 95% (Four-Star out of Four Stars)**
The West TN Healthcare Foundation Inc has earned a Four-Star rating from Charity Navigator, signifying a high level of accountability and finance management. With a score of 95% in the Accountability & Finance category, the foundation demonstrates strong governance practices and robust financial oversight, having achieved full points in multiple metrics, including the composition and independence of its board.
The foundation's financial health is also notable, with an impressive program expense ratio of 87.73%, indicating a substantial portion of its expenditures goes directly to programs rather than administrative costs. Additionally, the organization boasts effective fundraising efficiency, with only 4 cents spent to raise a dollar—an indicator of its cost-effectiveness.
While the foundation's operational strengths are clear, it is important to note that there is currently insufficient data to evaluate its effectiveness in terms of impact measurement, culture, community involvement, or leadership adaptability. As such, while it performs well from an administrative standpoint, potential donors and stakeholders may seek further information on its program outcomes and community impact.
User reviews from GreatNonprofits could not be retrieved.
This AI summary has been generated from information found on Charity Navigator.
Is West Tn Healthcare Foundation Inc legitimate?
West Tn Healthcare Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. West Tn Healthcare Foundation 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
For more financial information, click here
Official website here: www.wth.org/foundation
What is the mission statement of West Tn Healthcare Foundation Inc?
The West Tn Healthcare Foundation Inc's mission primarily revolves around providing endowment management services, supporting the field of health and healing. It mainly manages restricted endowments, which provide a steady income stream for various nonprofit causes in the healthcare sector. The foundation's activities also include managing endowments that cater to the expanding needs of the healthcare sector and communities in West Tennessee. The annual distributions of income offer a budget-friendly income source for nonprofit causes, while the growth of the endowment addresses the increasing needs of these causes over time.
Official website here: www.wth.org/foundation
Who is the CEO of West Tn Healthcare Foundation Inc?
Frank Mcmeen is the Board Chair of West Tn Healthcare Foundation Inc.
Official website here: www.wth.org/foundation
What is the revenue of West Tn Healthcare Foundation Inc?
West Tn Healthcare Foundation Inc's revenue in 2022 was $8,274,920.
Official website here: www.wth.org/foundation
Who are the executives of West Tn Healthcare Foundation Inc and what are their salaries?
There 100 volunteers at West Tn Healthcare Foundation Inc.
Here are 27 key members and their salaries:
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- Related: $146,645
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- Related: $34,405
- Other: $9,211
Official website here: www.wth.org/foundation
Where can I find the form 990 for West Tn Healthcare Foundation Inc?
West Tn Healthcare Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.wth.org/foundation
Learn more at the official website: www.wth.org/foundation
Mission Statement of West Tn Healthcare Foundation Inc
West Tn Healthcare Foundation Inc is dedicated to supporting the realm of health and healing in West Tennessee through educational outreach and other initiatives. Primarily, the Foundation manages restricted endowments, offering endowment management services to various nonprofit organizations. Moreover, it oversees endowments that cater to numerous healthcare needs within West Tennessee and its communities. The annual distributions of income provided by West Tn Healthcare Foundation Inc form a steady, budget-friendly income stream for nonprofit causes. Simultaneously, the growth of these endowments ensures that they can meet the evolving needs of these nonprofit organizations or causes over time. By effectively managing these endowments, West Tn Healthcare Foundation Inc plays a pivotal role in securing the financial sustainability of numerous nonprofit organizations within West Tennessee.
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Impact
July, 2024
West Tn Healthcare Foundation Inc's impact is focused on education and outreach to support the ministry of health and healing throughout West Tennessee. Its annual distributions of income provide a steady, budget-able income stream for its causes, while the growth of the endowment ensures support for the growing needs of healthcare in the region. The foundation, based in Jackson, TN, manages endowments that cater to the healthcare needs of West Tennessee Healthcare and the surrounding communities. Its mission, comprised mainly of restricted endowments, extends to providing endowment management services to other healthcare organizations as well. The foundation's work aligns with the tag "Health", indicating its significant contribution to improving healthcare services in the region.
This information is meant to be a general summary of West Tn Healthcare Foundation 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: $1,524,220
- Gross Receipts: $22,806,519
Assets and Liabilities:
- Total Assets: $50,344,324
- Total Liabilities: $209,607
- Net Assets: $50,134,717
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Organization Details
Founding Year
1985
Phone
(731) 984-2141Principal Officer
Frank Mcmeen
Main Address
620 SKYLINE DRIVE, JACKSON, TN, 38301
Website
www.wth.org/foundationNTEE Category
Code: E80J - Health
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