Overview
What is Norman Regional Health Foundation?
The Norman Regional Health Foundation is a nonprofit organization based in Norman, Oklahoma. Its primary mission is to raise and distribute funds to support the lifesaving mission of Norman Regional Health System and promote health and wellness within the served communities. The foundation contributes to crucial programs, services, and advanced technologies, offering hope and healing to numerous patients at the Norman Regional Health System. Additionally, the foundation collaborates with Norman Public Schools and the Regional Health System to fund health assistants in every Norman school, aiming to enhance the overall health of the community.
Official website here: www.nrhfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
The Norman Regional Health Foundation has received a solid rating of 81%, reflecting a strong commitment to accountability and financial transparency. The score is derived entirely from its Accountability & Finance metrics, indicating a robust approach to maintaining trust with donors and stakeholders. This level of transparency is crucial for a nonprofit, as it suggests responsible management of funds and resources.
One of the organization's notable strengths is its governance structure, boasting a fully independent board with 25 members, which fosters impartial decision-making. Additionally, the foundation has demonstrated effective financial health, showcasing a low liabilities-to-assets ratio of 8.15%, and an impressive program expense ratio of 89.47%. These figures suggest that a significant portion of its funds are directed toward its programs rather than administrative costs, aligning well with donor expectations for effective resource allocation.
While the overall financial metrics are strong, the foundation's reliance on a single beacon score for its overall rating may limit the depth of assessment regarding its operational effectiveness. This could potentially obscure a more comprehensive view of the organization’s impact beyond financials. Nonetheless, the current rating underscores the foundation's dedication to accountability and efficient use of its resources.
This AI summary has been generated from information found on Charity Navigator.
Is Norman Regional Health Foundation legitimate?
Norman Regional Health Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Norman Regional Health Foundation 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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Official website here: www.nrhfoundation.org
What is the mission statement of Norman Regional Health Foundation?
The Norman Regional Health Foundation's mission is to raise and distribute funds to support the lifesaving mission of Norman Regional Health System and promote health and wellness within the communities they serve. They accomplish this by funding crucial programs, services, and advanced technologies, providing hope and healing to numerous patients treated by Norman Regional Health System. Furthermore, the foundation collaborates with local schools, such as Norman Public Schools and NRHS, to fund health assistants in every Norman school. In essence, the Norman Regional Health Foundation is dedicated to enhancing healthcare services and promoting wellness within the communities they serve.
Official website here: www.nrhfoundation.org
Who is the CEO of Norman Regional Health Foundation?
Erin Barnhart is the Chair of Norman Regional Health Foundation.
Official website here: www.nrhfoundation.org
What is the revenue of Norman Regional Health Foundation?
Norman Regional Health Foundation's revenue in 2022 was $1,149,663.
Official website here: www.nrhfoundation.org
Who are the executives of Norman Regional Health Foundation and what are their salaries?
There 406 volunteers at Norman Regional Health Foundation.
Here are 27 key members and their salaries:
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Official website here: www.nrhfoundation.org
Where can I find the form 990 for Norman Regional Health Foundation?
Norman Regional Health Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nrhfoundation.org
Learn more at the official website: www.nrhfoundation.org
Mission Statement of Norman Regional Health Foundation
The Norman Regional Health Foundation, a charitable organization, is committed to raising and distributing funds to support the lifesaving mission of Norman Regional Health System and promote health and wellness in the communities they serve. The foundation's primary goal is to fund crucial programs, services, and advanced technologies that bring hope and healing to countless patients treated at Norman Regional Health System. In addition to its financial support, the foundation also partners with Norman Public Schools and the Norman Regional Health System to fund health assistants in every Norman school. This initiative aims to ensure that students have access to healthcare professionals, thereby fostering a healthier learning environment.
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Impact
July, 2024
Norman Regional Health Foundation's impact is substantial, as it plays a crucial role in supporting the lifesaving mission of Norman Regional Health System and promoting health and wellness in the communities it serves. The Foundation funds vital programs, services, and lifesaving technologies that bring hope and healing to thousands of patients within the Norman Regional Health System. Additionally, in collaboration with Norman Public School and NRHS, it helps fund health assistants in every school in Norman. Through its efforts, the Foundation is actively enhancing healthcare access, improving outcomes, and fostering a culture of wellness in the community.
This information is meant to be a general summary of Norman Regional Health Foundation. 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: $317,951
- Gross Receipts: $1,840,692
Assets and Liabilities:
- Total Assets: $4,516,905
- Total Liabilities: $354,946
- Net Assets: $4,161,959
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Organization Details
Founding Year
1983
Phone
(405) 307-1077Principal Officer
Erin Barnhart
Main Address
PO BOX 1665, NORMAN, OK, 73070
Website
www.nrhfoundation.orgNTEE Category
Code: E112 - Health
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