Overview
What is Memorial Health Care System Inc?
Memorial Health Care System Inc, based in Chattanooga, Tennessee, is a prominent nonprofit organization that emphasizes human dignity and social justice by providing healthcare services, regardless of an individual's ability to pay. As an affiliate of CommonSpirit Health, Memorial Health Care System's mission is to make the healing presence of God known in the world by improving the health of the people they serve, particularly those who are vulnerable. Their cardiovascular services, led by cardiac specialists trained at renowned medical programs, have been dedicated to the Chattanooga area for the past 40 years. With a team of 27 cardiologists and two cardiothoracic surgeons, they operate the region's largest center for cardiovascular care. Their facilities, Chattanooga Memorial Hospital and Memorial Hospital Hixson, offer cardiac imaging services and specialized cardiac procedures through five cardiac catheterization laboratories and two electrophysiology laboratories. Memorial Health Care System Inc serves the community by ensuring access to vital healthcare services.
Official website here: www.memorial.org
What are the reviews and ratings of this charity?
94% rating from Charity Navigator indicates that Memorial Health Care System Inc is highly regarded for its accountability and financial practices. This score reflects the organization's commitment to transparency, with a perfect score in several key areas, including having an independent board and a robust audit and oversight committee.
The nonprofit has a strong track record of financial health, demonstrated by a significant program expense ratio of 94%, meaning that nearly all funds are directed towards its programs rather than administrative costs. The organization also maintains strict policies on conflict of interest, whistleblowing, and document retention, which further enhance its credibility and operational integrity.
However, while the overall performance is impressive, the organization could potentially improve on its liabilities to assets ratio, which stands at 52.70%. This suggests that while they are effectively managing their finances, there is room for growth in balancing liabilities relative to their assets. Overall, Memorial Health Care System Inc displays a strong commitment to ethical practices and effective resource management.
This AI summary has been generated from information found on Charity Navigator.
Is Memorial Health Care System Inc legitimate?
Memorial Health Care System Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Memorial Health Care System 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: $4,513,929
Professional Fundraising Fees: $0
Other Salaries and Wages: $244,070,172
For more financial information, click here
Official website here: www.memorial.org
What is the mission statement of Memorial Health Care System Inc?
Memorial Health Care System Inc is dedicated to improving the health and well-being of vulnerable communities, emphasizing human dignity and social justice. As an affiliate of CommonSpirit Health, they aim to make God's healing presence known by providing healthcare services, prioritizing those who are most in need. Their team of cardiac specialists, including cardiologists and cardiothoracic surgeons, offer advanced cardiovascular services for various diagnostic and treatment procedures. With a strong focus on cardiac care, they have integrated services with the Chattanooga Heart Institute, leading the region's largest center dedicated to cardiovascular health for the past 40 years. Their hospitals provide essential cardiac imaging services and specialized cardiac procedures, ensuring comprehensive care for their patients.
Official website here: www.memorial.org
Who is the CEO of Memorial Health Care System Inc?
Janelle Reilly is the CEO of Memorial Health Care System Inc The CEO's salary of Memorial Health Care System Inc is $1,421,289 and their total compensation is $1,477,877.
Official website here: www.memorial.org
What is the revenue of Memorial Health Care System Inc?
Memorial Health Care System Inc's revenue in 2024 was $714,969,916.
Official website here: www.memorial.org
Who are the executives of Memorial Health Care System Inc and what are their salaries?
The average compensation at Memorial Health Care System Inc during 2024 was $56,716. There are 4383 employees and 276 volunteers at Memorial Health Care System Inc.
Here are 32 key members and their salaries (Memorial Health Care System Inc's CEO's salary is $1,421,289 and their total compensation is $1,477,877):
- Compensation: $0
- Related: $3,396,538
- Other: $218,609
- Compensation: $0
- Related: $2,980,859
- Other: $39,731
- Compensation: $1,744,433
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- Other: $47,556
- Compensation: $1,421,289
- Related: $0
- Other: $56,588
- Compensation: $1,347,602
- Related: $0
- Other: $48,481
- Compensation: $108,257
- Related: $1,204,590
- Other: $31,667
- Compensation: $0
- Related: $1,247,727
- Other: $56,741
- Compensation: $1,165,421
- Related: $0
- Other: $110,020
- Compensation: $1,664
- Related: $1,187,899
- Other: $48,792
- Compensation: $267,110
- Related: $920,018
- Other: $44,745
- Compensation: $898,839
- Related: $0
- Other: $57,219
- Compensation: $896,779
- Related: $0
- Other: $58,956
- Compensation: $768,515
- Related: $0
- Other: $23,842
- Compensation: $536,668
- Related: $0
- Other: $33,469
- Compensation: $0
- Related: $357,005
- Other: $58,646
- Compensation: $65,598
- Related: $233,088
- Other: $56,001
- Compensation: $238,263
- Related: $0
- Other: $35,456
- Compensation: $27,660
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Official website here: www.memorial.org
Where can I find the form 990 for Memorial Health Care System Inc?
Memorial Health Care System Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.memorial.org
Learn more at the official website: www.memorial.org
Mission Statement of Memorial Health Care System Inc
Memorial Health Care System Inc, an affiliate of CommonSpirit Health, emphasizes human dignity and social justice as they create healthier communities by providing healthcare services to those in need, regardless of their ability to pay. Their mission is to make the healing presence of God known in the world by improving the health of the people they serve, particularly the vulnerable population.
At the heart of Memorial Health Care System Inc's operations lies the Guerry Heart and Vascular Center. This center is home to a team of cardiac specialists who have trained at renowned medical programs across the country. The Chattanooga Heart Institute, which integrated with Memorial Health Care System Inc in early 2011, has been leading the region's largest center dedicated solely to cardiovascular care for the past 40 years. The team comprises 25 cardiologists and two cardiothoracic surgeons.
Memorial Health Care System Inc continues to provide comprehensive cardiac imaging services, including echocardiography, stress echocardiography, transesophageal echocardiography, and nuclear cardiology. Their hospitals offer five cardiac catheterization laboratories and two electrophysiology laboratories for specialized cardiac procedures. By providing these advanced services, Memorial Health Care System Inc is dedicated to improving the health and wellbeing of the individuals they serve.
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Impact
October, 2024
Memorial Health Care System Inc plays a crucial role in enhancing health outcomes and promoting social justice within the Chattanooga, TN community and its surrounding areas. By providing comprehensive health care services that prioritize human dignity, the organization ensures that quality medical care is accessible to all individuals, irrespective of their financial circumstances.
Among its key contributions, Memorial Health's Guerry Heart and Vascular Center stands out as a leading facility for cardiovascular care. The center boasts a highly qualified team of specialists, including 25 cardiologists and two cardiothoracic surgeons, making it the region's primary hub for cardiac health for over four decades. The availability of advanced cardiac imaging and specialized procedures, such as those conducted in five cardiac catheterization laboratories and two electrophysiology laboratories, further solidifies its reputation for excellence in cardiovascular treatment.
In line with its mission, Memorial Health is dedicated to improving the health of the community, particularly focusing on vulnerable populations. This commitment not only addresses immediate health care needs but also advances broader social justice initiatives by fostering an environment where health disparities are actively challenged and reduced. As a result, Memorial Health Care System Inc significantly impacts the overall wellbeing of the community by ensuring that essential health services are within reach for everyone.
This information is meant to be a general summary of Memorial Health Care System 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 2024.
- Investment Income: $1,799,608
- Program Service Revenue: $683,625,573
- Gross Receipts: $714,969,916
Assets and Liabilities:
- Total Assets: $722,083,879
- Total Liabilities: $324,460,761
- Net Assets: $397,623,118
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
NET PATIENT SERVICES
Revenue
$673,701,788
MEDICAL SERVICES
Revenue
$3,776,389
ALL OTHER PSR
Revenue
$3,641,166
RENTAL INCOME
Revenue
$2,506,230
Organization Details
Founding Year
1952
Principal Officer
Janelle Reilly
Website
www.memorial.orgNTEE Category
Code: E21 - Health
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