Overview
What is Cullman Regional Medical Center Foundation Inc?
Cullman Regional Medical Center Foundation Inc is a nonprofit organization situated in Cullman, Alabama. Their primary mission is to support and strengthen Cullman Regional Medical Center, serving as a health center for the community. To achieve this goal, they provide financial assistance for hospital equipment and improvements. The foundation's activities are aimed at advancing and enhancing the medical center's capabilities, ultimately benefiting the local community.
Official website here: www.cullmanregional.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 85% (Three-Star out of Four Star Rating)
Cullman Regional Medical Center Foundation Inc has received an 85% score, indicating a solid performance in accountability and finance. The rating is primarily based on their strong governance structure, with 100% of board members being independent and a comprehensive conflict of interest policy in place, demonstrating a commitment to ethical operations. Additionally, the organization showcases transparency by listing its website on its tax form and maintaining proper documentation of board meeting minutes.
The organization has a commendable liability to assets ratio of 0.00%, which suggests effective financial management and stability. However, while their program expense ratio stands at 60.73%, it is worth noting that this figure could indicate areas for improvement in directing more funds toward programs versus administrative costs. Overall, the foundation exhibits strong financial practices and governance, contributing positively to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Cullman Regional Medical Center Foundation Inc legitimate?
Cullman Regional Medical Center Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cullman Regional Medical Center 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.
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For more financial information, click here
Official website here: www.cullmanregional.com
What is the mission statement of Cullman Regional Medical Center Foundation Inc?
The Cullman Regional Medical Center Foundation Inc's mission is to support and enhance the services of the Cullman Regional Medical Center as a community health center. In line with this objective, the foundation provides the medical center with funds for hospital equipment and improvements, aiming to assist and strengthen its operations. Essentially, the foundation's role is to aid the medical center in its mission to serve the community better, ensuring they have the necessary resources to deliver healthcare services effectively.
Official website here: www.cullmanregional.com
What is the revenue of Cullman Regional Medical Center Foundation Inc?
Cullman Regional Medical Center Foundation Inc's revenue in 2024 was $516,068.
Official website here: www.cullmanregional.com
Who are the executives of Cullman Regional Medical Center Foundation Inc and what are their salaries?
There 77 volunteers at Cullman Regional Medical Center Foundation Inc.
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Official website here: www.cullmanregional.com
Where can I find the form 990 for Cullman Regional Medical Center Foundation Inc?
Cullman Regional Medical Center Foundation Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.cullmanregional.com
Learn more at the official website: www.cullmanregional.com
Mission Statement of Cullman Regional Medical Center Foundation Inc
Cullman Regional Medical Center Foundation Inc is an organization committed to supporting and enhancing the role of Cullman Regional Medical Center as a health center for the community. Its mission, as stated, is to serve as an instrumental tool in assisting and strengthening the medical center, ensuring it can provide optimal healthcare services to its clients. To accomplish this, the foundation provides the medical center with necessary funds for hospital equipment and improvements. By doing so, Cullman Regional Medical Center Foundation Inc contributes to the well-being of the community, supporting the medical center in its mission to provide comprehensive healthcare services.
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Impact
July, 2024
Cullman Regional Medical Center Foundation Inc's impact is significant in advancing and strengthening the Cullman Regional Medical Center as a vital health center for the community. The foundation provides essential funds for hospital equipment and improvements, ensuring that the medical center can continue to deliver high-quality healthcare services to the residents of Cullman and beyond. Through its philanthropic efforts, the foundation plays a crucial role in enhancing the capacity and capabilities of the medical center, ultimately benefiting the health and well-being of the local community.
This information is meant to be a general summary of Cullman Regional Medical Center 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 2024.
- Investment Income: $240,033
- Gross Receipts: $569,057
Assets and Liabilities:
- Total Assets: $1,847,487
- Total Liabilities: $0
- Net Assets: $1,847,487
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Organization Details
Founding Year
1977
Principal Officer
Maria Stanford
Website
www.cullmanregional.comNTEE Category
Code: T30 - Philanthropy
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