Overview
What is Owensboro Health Foundation Inc?
Owensboro Health Foundation Inc, located in Owensboro, Kentucky, is a nonprofit organization dedicated to supporting the charitable mission of Owensboro Health, Inc. Through philanthropic funds, they aim to enhance healthcare services in Western Kentucky and Southern Indiana. Their activities involve stewarding and distributing donations to various programs, impacting over 23,000 individuals within the community. These programs cater to various populations, including the uninsured, bereaved parents, cancer survivors, and low-income elderly individuals, among others. They provide essential support during medical crises, offer resources for new parents, and assist cancer patients with medication costs. Overall, Owensboro Health Foundation Inc works tirelessly to improve health outcomes and support vulnerable populations within their region.
Official website here: www.owensborohealth.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 52% (One-Star out of Four Stars)
The Owensboro Health Foundation Inc has received a low rating of 52% from Charity Navigator, indicating significant challenges in its accountability and financial performance. While the organization boasts a fully independent board and adheres to various sound governance policies, it struggles in key financial metrics, such as its program expense ratio and fundraising efficiency.
Strengths of the foundation include having an entirely independent board and effective oversight practices, which are crucial for maintaining accountability. The organization has well-documented policies in place, including conflict of interest and whistleblower policies, contributing positively to its governance framework. However, these strengths are overshadowed by poor financial ratios indicating that a very small percentage of its funds are directed towards programs, raising concerns about its operational effectiveness.
Moreover, the foundation faces significant issues related to its liabilities and working capital, which could potentially affect its sustainability. The lack of transparency on its tax form posted on its website further detracts from its credibility. Overall, while there are some governance strengths, the financial challenges present a considerable limitation for the Owensboro Health Foundation Inc.
This AI summary has been generated from information found on Charity Navigator.
Is Owensboro Health Foundation Inc legitimate?
Owensboro Health Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Owensboro Health 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: $373,942
For more financial information, click here
Official website here: www.owensborohealth.org
What is the mission statement of Owensboro Health Foundation Inc?
The Owensboro Health Foundation Inc's mission is primarily focused on raising, managing, and distributing philanthropic funds. These funds are utilized to support Owensboro Health's mission of healing the sick and improving health in Western Kentucky and Southern Indiana. The foundation's activities have a significant impact on various communities, benefiting populations such as uninsured or under-insured individuals, bereaved parents, cancer survivors, and many others who are in need of medical assistance. The foundation's support extends to various programs, including services for children with asthma, cancer patients, and neonatal intensive care patients, among others.
Official website here: www.owensborohealth.org
Who is the CEO of Owensboro Health Foundation Inc?
Russ Ranallo is the President And Ceo (Thru 8/21) of Owensboro Health Foundation Inc. The CEO's salary of Owensboro Health Foundation Inc is $0 and their total compensation is $611,754.
Official website here: www.owensborohealth.org
What is the revenue of Owensboro Health Foundation Inc?
Owensboro Health Foundation Inc's revenue in 2022 was $2,074,699.
Official website here: www.owensborohealth.org
Who are the executives of Owensboro Health Foundation Inc and what are their salaries?
The average compensation at Owensboro Health Foundation Inc during 2022 was $93,486. There are 4 employees and 75 volunteers at Owensboro Health Foundation Inc.
Here are 25 key members and their salaries (Owensboro Health Foundation Inc's CEO's salary is $0 and their total compensation is $611,754):
- Compensation: $0
- Related: $1,068,089
- Other: $46,317
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- Related: $578,107
- Other: $33,647
- Compensation: $0
- Related: $317,217
- Other: $58,059
- Compensation: $159,852
- Related: $0
- Other: $12,168
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Official website here: www.owensborohealth.org
Where can I find the form 990 for Owensboro Health Foundation Inc?
Owensboro Health Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.owensborohealth.org
Learn more at the official website: www.owensborohealth.org
Mission Statement of Owensboro Health Foundation Inc
Owensboro Health Foundation Inc, a philanthropic organization, is dedicated to raising, managing, and distributing funds in support of Owensboro Health's mission to heal the sick and improve health in Western Kentucky and Southern Indiana. The Foundation's role is instrumental in providing financial backing for various charitable programs and activities under Owensboro Health, Inc. During the reported period, the Foundation impacted the lives of 23,312 individuals through its 64 supported programs.
The populations benefiting from the Foundation's funding encompass a wide range of individuals, including those who are uninsured or under-insured, bereaved parents, cancer survivors, children with asthma, individuals facing crises and emergency situations, neonatal intensive care patients, families experiencing medical crises, medical professionals, elderly individuals with low income, working poor and retired cancer patients, individuals with Parkinson's Disease, and patients with chronic lung ailments.
In essence, Owensboro Health Foundation Inc serves as a vital link between donors and the community, channeling philanthropic funds towards critical programs and services that address various healthcare needs, thereby contributing to the overall well-being of the population it serves.
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Impact
July, 2024
Owensboro Health Foundation Inc's impact is significant in improving health and healing the sick in Western Kentucky and Southern Indiana. Through raising and distributing philanthropic funds, the Foundation has supported 64 main programs that have positively impacted the lives of 23,312 individuals in the communities it serves. These programs cater to various populations including the uninsured, cancer survivors, children with asthma, new parents, cancer patients in need of medication, individuals in medical crises, neonatal intensive care patients, elderly individuals with low income, working poor, and patients with chronic ailments such as Parkinson's Disease and lung issues. The Foundation's work plays a crucial role in providing support and resources to those in need and contributes to enhancing the overall health and well-being of the region.
This information is meant to be a general summary of Owensboro Health 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: $314,848
- Gross Receipts: $2,104,242
Assets and Liabilities:
- Total Assets: $5,750,082
- Total Liabilities: $238,502
- Net Assets: $5,511,580
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Organization Details
Founding Year
1993
Phone
(270) 417-2000Principal Officer
Russ Ranallo
Main Address
1201 PLEASANT VALLEY ROAD, OWENSBORO, KY, 42303
Website
www.owensborohealth.orgNTEE Category
Code: E112 - Health
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