Overview
What is Big Sandy Health Care Inc?
Big Sandy Health Care Inc, based in rural, southeastern Kentucky, is a nonprofit organization operating seven community health care sites, providing a wide range of primary health care services to a large number of low-income and uninsured individuals. These services include medical, dental, vision, behavioral health, pharmacy, diagnostic X-ray, medical laboratory, podiatry, and optometry. The organization's primary service area includes Floyd, Johnson, Magoffin, Martin, and Pike counties, where economically distressed communities have a high percentage of uninsured residents and Medicaid eligibility exceeds both state and national averages. In response to this need, Big Sandy Health Care has instituted a charity program to offer financial relief to uninsured patients based on their income level. The organization, which employs 406 individuals, is committed to its charitable mission of providing primary health care services to those in need.
Official website here: www.bshc.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 96%, Four-Star out of Four Star rating.
Big Sandy Health Care Inc has received a commendable Four-Star rating from Charity Navigator, reflecting a strong performance in accountability and finance. This high rating is based entirely on their Accountability & Finance score, which stands at 96%. Such a score indicates the organization's commitment to transparency and sound financial practices.
The organization demonstrates a robust governance structure with an entirely independent board and a comprehensive audit and oversight committee. Its financial health is evident from a low liabilities to assets ratio of 11.90% and a program expense ratio of 79.73%, suggesting that a significant majority of their expenses directly support their programs. Additionally, they have strong policies in place for conflict of interest, whistleblowing, and document retention.
While the data reflects a solid financial and operational foundation, the summary does not provide insight into other aspects such as program outcomes or community impact, which are important for a complete understanding of the organization's effectiveness. Overall, Big Sandy Health Care Inc exemplifies a well-managed nonprofit with a focus on accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Big Sandy Health Care Inc legitimate?
Big Sandy Health Care Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Big Sandy Health Care 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: $434,106
Professional Fundraising Fees: $0
Other Salaries and Wages: $22,215,686
For more financial information, click here
Official website here: www.bshc.org
What is the mission statement of Big Sandy Health Care Inc?
Big Sandy Health Care Inc, a non-profit corporation and an exempt entity under IRC Section 501(C)(3), operates solely for the charitable purpose of providing primary health care services to a large number of low-income and uninsured individuals. Through its seven primary care centers in rural, southeastern Kentucky, BSHC serves communities in Floyd, Johnson, Magoffin, Martin, and Pike Counties, where the need for health care is significant due to economic distress and high rates of uninsured residents. In line with its charitable mission, BSHC offers financial relief to eligible patients through a charity program, providing discounts to those whose household incomes fall below 200 percent of the federal poverty guidelines. During fiscal year 2023, BSHC extended charitable health care services to numerous individuals in need.
Official website here: www.bshc.org
Who is the CEO of Big Sandy Health Care Inc?
Boyce Dean Shofner is the Doctor of Big Sandy Health Care Inc. The CEO's salary of Big Sandy Health Care Inc is $275,062 and their total compensation is $278,062.
Official website here: www.bshc.org
What is the revenue of Big Sandy Health Care Inc?
Big Sandy Health Care Inc's revenue in 2023 was $41,871,427.
Official website here: www.bshc.org
Who are the executives of Big Sandy Health Care Inc and what are their salaries?
The average compensation at Big Sandy Health Care Inc during 2023 was $55,788. There are 406 employees at Big Sandy Health Care Inc.
Here are 24 key members and their salaries (Big Sandy Health Care Inc's CEO's salary is $275,062 and their total compensation is $278,062):
- Compensation: $510,965
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- Other: $3,000
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- Other: $3,000
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- Compensation: $380,409
- Related: $0
- Other: $3,000
- Compensation: $275,062
- Related: $0
- Other: $3,000
- Compensation: $159,044
- Related: $0
- Other: $3,000
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Official website here: www.bshc.org
Where can I find the form 990 for Big Sandy Health Care Inc?
Big Sandy Health Care Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.bshc.org
Learn more at the official website: www.bshc.org
Mission Statement of Big Sandy Health Care Inc
Big Sandy Health Care Inc, a nonprofit organization and an exempt entity under IRC Section 501(C)(3), has a charitable mission to provide primary healthcare services to a large number of low-income and uninsured individuals in rural, southeastern Kentucky. Operating seven primary care centers in Floyd, Johnson, Magoffin, Martin, and Pike Counties, Big Sandy Health Care addresses the healthcare needs of a region that is economically distressed, has a high percentage of uninsured residents, and a Medicaid eligibility level above the state and national averages. In line with its charitable mission, the organization offers charitable healthcare to those in need. Big Sandy Health Care's discount program, a crucial aspect of its commitment to its mission, grants financial relief to patients with household incomes below 200 percent of the federal poverty guidelines. During the fiscal year ended January 31, 2023, Big Sandy Health Care provided charity discounts to a substantial number of people, ensuring they received essential healthcare services despite their financial circumstances.
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Impact
October, 2024
Big Sandy Health Care Inc provides essential primary health care services to low-income and uninsured individuals in rural southeastern Kentucky, significantly improving access to medical care in an economically distressed area. Operating through seven primary care centers across Floyd, Johnson, Magoffin, Martin, and Pike counties, the organization addresses the severe challenges faced by the community, where a disproportionate number of residents lack health insurance and the Medicaid eligibility rates are among the highest in the state.
In the fiscal year ending January 31, 2023, Big Sandy Health Care served over 28,000 unduplicated individuals, offering a comprehensive range of services including medical, dental, vision, behavioral health, pharmacy, diagnostic imaging, laboratory, podiatry, and optometry. This diverse array of services supports the overall health and well-being of individuals, many of whom would otherwise go without necessary care.
The organization also implements a charity discount program to provide financial relief, particularly for those whose household incomes fall below 200 percent of the federal poverty guidelines. This commitment not only ensures that vulnerable populations receive much-needed care but also fosters a healthier community overall. By prioritizing accessibility and affordability, Big Sandy Health Care Inc plays a pivotal role in addressing significant health disparities in its service area, ultimately enhancing the quality of life for its residents.
This information is meant to be a general summary of Big Sandy Health Care 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 2023.
- Investment Income: $245,154
- Program Service Revenue: $33,561,214
- Gross Receipts: $41,871,427
Assets and Liabilities:
- Total Assets: $31,401,490
- Total Liabilities: $4,921,720
- Net Assets: $26,479,770
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PATIENT CARE
Revenue
$33,561,214
Organization Details
Founding Year
1974
Phone
(606) 886-8546Principal Officer
Boyce Dean Shofner
Main Address
1709 KY ROUTE 321 3, PRESTONSBURG, KY, 41653
Website
www.bshc.orgNTEE Category
Code: E30 - Health
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