Overview
What is Smha Healthcare Inc?
Smha Healthcare Inc is a nonprofit organization situated in Winter Park, Florida, specifically at 425 W NEW ENGLAND AVE STE 300. Its primary role is to provide administrative support, engaging in various activities that benefit, perform the functions of, or carry out the purposes of Smha Healthcare, Inc. As per the provided information, the organization played a significant part in supporting the excluded assets and liabilities associated with an asset purchase transaction with Hospital Corporation of America (HCA) in January 2018. Since then, Smha Healthcare Inc has been involved in the wind-down of related activities.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86%, Three-Star out of Four Star rating.
Smha Healthcare Inc demonstrates a solid performance with an overall score of 86%, which reflects strong accountability and financial practices. The organization boasts a fully independent board of directors and adheres to best practices in governance, including a conflict of interest policy and a whistleblower policy. Their commitment to transparency is evident through the availability of board meeting minutes.
The organization excels in its program expense ratio, allocating 77.72% of its expenses directly to its programs, suggesting a strong focus on its mission. However, it received a lower score due to its liabilities to assets ratio, which stands at 60.84%. This ratio indicates potential financial vulnerabilities that stakeholders should consider.
Overall, Smha Healthcare Inc has established a good reputation with its strong governance and program efficiency, though the financial stability aspect warrants attention. Potential donors and supporters can feel confident in the organization’s commitment to accountability, while also being aware of the financial challenges it may face.
This AI summary has been generated from information found on Charity Navigator.
Is Smha Healthcare Inc legitimate?
Smha Healthcare Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Smha Healthcare 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:
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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Smha Healthcare Inc?
Smha Healthcare Inc's primary role is to support the excluded assets and liabilities associated with an asset purchase transaction and the subsequent wind down of related activities. The organization provides administrative support by engaging in various activities that benefit, perform the functions of, or carry out the purposes of Smha Healthcare Inc. In January 2018, Smha Healthcare Inc closed an asset purchase agreement with Hospital Corporation of America (HCA). The disclosures and activities reported during this transaction represent this transaction. The organization continues to support the excluded assets and liabilities associated with the asset purchase transaction and the wind down of such activities.
Who is the CEO of Smha Healthcare Inc?
Neil Luria is the Chairman of Smha Healthcare Inc.
What is the revenue of Smha Healthcare Inc?
Smha Healthcare Inc's revenue in 2022 was $20,637.
Who are the executives of Smha Healthcare Inc and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for Smha Healthcare Inc?
Smha Healthcare Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Smha Healthcare Inc
Smha Healthcare Inc's mission is centered around supporting the excluded assets and liabilities associated with the asset purchase transaction and the wind down of such activities. In simpler terms, this organization plays a crucial role in facilitating the administrative support required for the closure of certain activities, as well as performing functions that benefit or align with Smha Healthcare Inc's purpose. This role became evident in January 2018, when the organization completed an asset purchase agreement with Hospital Corporation of America (HCA). The disclosures and activities reported during this transaction underscore Smha Healthcare Inc's commitment to this mission. The organization continues to support the excluded assets and liabilities associated with the asset purchase transaction and the subsequent wind down of such activities.
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Impact
October, 2024
Smha Healthcare Inc plays a significant role in managing the transition and support of health-related assets and liabilities following a critical asset purchase transaction. The organization is responsible for administratively supporting these activities, particularly in relation to the wind-down of operations after partnering with the Hospital Corporation of America (HCA) in 2018. This support is crucial for ensuring that the transition is handled efficiently, safeguarding the interests of the community and stakeholders involved.
By effectively managing these excluded assets and liabilities, Smha Healthcare Inc helps maintain a sense of stability within the healthcare environment in Winter Park, FL, and ensures that the functions necessary for the continued delivery of healthcare services are met. The organization’s efforts in this area directly impact the local health system, enabling it to focus on providing essential services while navigating the complexities of the asset transition. Overall, Smha Healthcare Inc contributes to the long-term sustainability and effectiveness of healthcare operations in its region.
This information is meant to be a general summary of Smha Healthcare 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.
- Program Service Revenue: $250
- Gross Receipts: $20,637
Assets and Liabilities:
- Total Assets: $20,395,823
- Total Liabilities: $12,408,964
- Net Assets: $7,986,859
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PATIENTS RECEIPTS
Revenue
$250
Organization Details
Founding Year
1997
Phone
(321) 972-3585Principal Officer
Neil Luria
Main Address
425 W NEW ENGLAND AVE STE 300, WINTER PARK, FL, 32789
NTEE Category
Code: E21 - Health
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