Overview
What is Harrison Memorial Hospital Inc?
Harrison Memorial Hospital Inc is a nonprofit organization based in Cynthiana, Kentucky. Their primary focus is on delivering top-notch health and medical care services to the residents of Harrison and the surrounding counties. With a commitment to excellence, they provide care for 1,376 inpatients, 204 nursery patients, and 150,226 outpatients annually. The hospital caters to a significant number of Medicare and Medicaid patients, offering care regardless of a patient's ability to pay. Approximately $920,839 of charity care was provided at cost. Harrison Memorial Hospital is dedicated to excellent patient care, safety, facilities, and employee recruitment and development. Additionally, they facilitate and coordinate access to general and specialized healthcare services through their resources and collaborations.
Official website here: www.harrisonmemhosp.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 89%, Three-Star out of Four Star rating
Harrison Memorial Hospital Inc has received an 89% score, indicating a solid performance in terms of accountability and finance. The charity's overall rating reflects a strong emphasis on financial management, evidenced by their high scores in various governance areas, including the composition of their board and the presence of essential policies for transparency and ethics.
A notable strength of the organization is its adherence to best practices in governance, with 90% of its board members being independent. The charity has also shown commitment to financial integrity by maintaining a well-audited financial status and implementing conflict of interest and whistleblower policies, which are crucial for maintaining trust and accountability.
However, while the organization excels in many areas, it has room for improvement in its liabilities to assets ratio, which stands at 59.43%. This might indicate some financial risk, but it does not overshadow the overall positive assessment of its financial practices and governance.
This AI summary has been generated from information found on Charity Navigator.
Is Harrison Memorial Hospital Inc legitimate?
Harrison Memorial Hospital Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Harrison Memorial Hospital 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: $1,027,531
Professional Fundraising Fees: $0
Other Salaries and Wages: $30,642,644
For more financial information, click here
Official website here: www.harrisonmemhosp.com
What is the mission statement of Harrison Memorial Hospital Inc?
Harrison Memorial Hospital Inc is dedicated to delivering high-quality healthcare services to the community within its resource capabilities. The organization strives for excellence in the care they provide, ensuring patient safety, maintaining superior facilities, and recruiting and developing dedicated personnel. Harrison Memorial Hospital also works to facilitate access to general and specialized health services, both through its own resources and in collaboration with external resources. The hospital's mission is to improve the health and wellbeing of the population it serves.
Official website here: www.harrisonmemhosp.com
Who is the CEO of Harrison Memorial Hospital Inc?
Stephen K Toadvine Md is the Principal Officer of Harrison Memorial Hospital Inc. The CEO's salary of Harrison Memorial Hospital Inc is $266,112 and their total compensation is $309,012.
Official website here: www.harrisonmemhosp.com
What is the revenue of Harrison Memorial Hospital Inc?
Harrison Memorial Hospital Inc's revenue in 2022 was $73,818,873.
Official website here: www.harrisonmemhosp.com
Who are the executives of Harrison Memorial Hospital Inc and what are their salaries?
The average compensation at Harrison Memorial Hospital Inc during 2022 was $48,425. There are 654 employees and 13 volunteers at Harrison Memorial Hospital Inc.
Here are 21 key members and their salaries (Harrison Memorial Hospital Inc's CEO's salary is $266,112 and their total compensation is $309,012):
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- Compensation: $302,272
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- Other: $52,978
- Compensation: $266,112
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- Other: $42,900
- Compensation: $121,800
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- Other: $28,159
- Compensation: $138,973
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- Compensation: $1,977,798
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- Compensation: $527,034
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- Other: $55,757
- Compensation: $459,917
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- Other: $79,566
- Compensation: $435,577
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- Other: $53,680
- Compensation: $432,704
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- Other: $18,414
Official website here: www.harrisonmemhosp.com
Where can I find the form 990 for Harrison Memorial Hospital Inc?
Harrison Memorial Hospital Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.harrisonmemhosp.com
Learn more at the official website: www.harrisonmemhosp.com
Mission Statement of Harrison Memorial Hospital Inc
Harrison Memorial Hospital Inc, a committed healthcare provider, is dedicated to delivering superior health and medical care services to the people of Harrison and the surrounding communities within the limits of its resources. The organization is driven by a mission to excel in various aspects of healthcare delivery.
First and foremost, Harrison Memorial Hospital Inc strives for excellence in the care it delivers. The dedicated team of healthcare professionals puts patient needs at the forefront, focusing on delivering personalized and compassionate care. They work tirelessly to ensure positive health outcomes and prioritize patient safety in every aspect of their care.
Second, the hospital is committed to providing top-notch facilities that meet the highest standards for patient comfort and care. The organization invests in modern, clean, and well-equipped facilities, ensuring that patients receive the best possible care in a safe and comfortable environment.
Third, Harrison Memorial Hospital Inc is dedicated to the recruitment, retention, and development of a team of highly skilled and dedicated healthcare professionals. The organization's success lies in the expertise and commitment of its staff, who go above and beyond to provide exceptional care to each patient.
Fourth, the hospital prioritizes facilitating, coordinating, and providing access to both general and specialized health services through its own resources and in collaboration with external partners. By working together with other healthcare providers, Harrison Memorial Hospital Inc expands its reach and ensures that the community has access to a wide range of healthcare services.
In summary, Harrison Memorial Hospital Inc is a compassionate and dedicated healthcare provider that is committed to delivering high-quality health and medical care services to the people of Harrison and the surrounding communities. Through its focus on excellence in care delivery, patient safety, facilities, recruitment and development of personnel, and collaboration with external partners, the organization is making a positive impact on the lives of countless individuals.
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Impact
October, 2024
Harrison Memorial Hospital Inc has a significant impact on the health and well-being of the community in Harrison and the surrounding counties. By providing high-quality health and medical care services, the hospital plays a crucial role in maintaining the health of its population. In a given period, the hospital cared for 1,376 inpatients, 204 nursery patients, and an impressive 150,226 outpatients, demonstrating its reach and commitment to the community.
A notable aspect of the hospital's operations is its dedication to serving patients regardless of their ability to pay. With a substantial proportion of Medicare and Medicaid patients, Harrison Memorial Hospital ensures that vulnerable populations receive the care they need. This commitment is reflected in the approximately $920,839 allocated for charity care, enabling access to medical services for those who might otherwise forgo necessary treatment due to financial constraints.
The hospital strives for excellence not only in the care delivered but also in patient safety and the quality of its facilities. It emphasizes the importance of recruiting, retaining, and developing skilled physicians and personnel to ensure that patients receive the best possible care. Furthermore, Harrison Memorial Hospital collaborates with other resources to facilitate access to both general and specialized health services, enhancing the overall healthcare landscape in the region.
Through its unwavering commitment and comprehensive health services, Harrison Memorial Hospital Inc significantly contributes to the well-being of the community it serves.
This information is meant to be a general summary of Harrison Memorial Hospital 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: $39,669
- Program Service Revenue: $67,267,319
- Gross Receipts: $73,818,873
Assets and Liabilities:
- Total Assets: $73,787,957
- Total Liabilities: $45,489,452
- Net Assets: $28,298,505
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
NET PATIENT REVENUE
Revenue
$67,775,788
NET RESIDENTIAL RENTAL FEES
Revenue
-$508,469
Organization Details
Founding Year
1906
Phone
(859) 235-3502Principal Officer
Stephen K Toadvine Md
Main Address
1210 KY HWY 36 EAST, CYNTHIANA, KY, 41031
Website
www.harrisonmemhosp.comNTEE Category
Code: E22Z - Health
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