Overview
What is Lawrence Memorial Health Foundation Inc?
Lawrence Memorial Health Foundation Inc is a nonprofit organization based in Walnut Ridge, Arkansas. With a vision to build a healthy community, they have been committed to delivering quality healthcare, employment opportunities, and public health education to the residents of Lawrence County and surrounding areas for over 60 years. Their mission extends beyond just providing healthcare services; they aim to improve the economics, accessibility, and quality of healthcare in the community. Each year, they assess the needs of the communities they serve and address them through volunteer work, charity care, and other benefits, including educational events and free health screenings. The organization provides routine hospital care, outpatient and clinical services, with 18,809 inpatient days, 26,197 outpatient admissions, and 5,660 emergency room admissions. Lawrence Memorial Health Foundation, Inc. employs 278 individuals, dedicated to making a positive impact on the health and wellbeing of their community.
Official website here: www.lawrencememorial.info
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 96%, Four-Star out of Four Star rating.
Lawrence Memorial Health Foundation Inc has achieved an impressive 96% rating on Charity Navigator, reflecting its strong commitment to accountability and finance. The foundation received a full score for its independent board members and has established effective oversight practices. This rating showcases the organization's transparency and sound financial management, which are crucial for donor confidence.
The foundation's financial ratios indicate a healthy organization, with a low liability-to-assets ratio of 13.58% and a high program expense ratio of 75.59%. These figures suggest that the majority of its resources are directed towards fulfilling its mission rather than administrative costs. Additionally, the presence of various governance policies, such as conflict of interest and whistleblower protections, further highlights the foundation's dedication to ethical practices.
While the data is overwhelmingly positive, potential donors should consider the context of the foundation's operations and specific initiatives when assessing its impact. Overall, the high rating serves as a strong endorsement of the foundation's integrity and its role in supporting health initiatives in the community.
This AI summary has been generated from information found on Charity Navigator.
Is Lawrence Memorial Health Foundation Inc legitimate?
Lawrence Memorial Health Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lawrence Memorial 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: $121,781
Professional Fundraising Fees: $0
Other Salaries and Wages: $7,429,761
For more financial information, click here
Official website here: www.lawrencememorial.info
What is the mission statement of Lawrence Memorial Health Foundation Inc?
Lawrence Memorial Health Foundation Inc's mission is centered around delivering compassionate and high-quality healthcare to the communities they serve. For over six decades, the foundation has been dedicated to providing employment, public health education, and healthcare services to the residents of Lawrence County and surrounding areas. They aim to commit resources to meet the needs and expectations of their patients, staff, and the communities they serve. The foundation strives to be a leader in continuously improving the economics, accessibility, and quality of healthcare. As a healthcare provider, they assess the needs of the communities annually and respond through volunteer work, charity care, and other benefits like educational events and free health screenings.
Official website here: www.lawrencememorial.info
Who is the CEO of Lawrence Memorial Health Foundation Inc?
Josh Conlee is the Physician of Lawrence Memorial Health Foundation Inc.
Official website here: www.lawrencememorial.info
What is the revenue of Lawrence Memorial Health Foundation Inc?
Lawrence Memorial Health Foundation Inc's revenue in 2022 was $17,486,217.
Official website here: www.lawrencememorial.info
Who are the executives of Lawrence Memorial Health Foundation Inc and what are their salaries?
The average compensation at Lawrence Memorial Health Foundation Inc during 2022 was $27,164. There are 278 employees and 15 volunteers at Lawrence Memorial Health Foundation Inc.
Here are 20 key members and their salaries:
- Compensation: $548,103
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- Other: $17,312
- Compensation: $250,228
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- Other: $16,657
- Compensation: $193,872
- Related: $0
- Other: $4,423
- Compensation: $131,348
- Related: $0
- Other: $11,200
- Compensation: $128,520
- Related: $0
- Other: $11,148
- Compensation: $105,616
- Related: $0
- Other: $12,666
- Compensation: $0
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Official website here: www.lawrencememorial.info
Where can I find the form 990 for Lawrence Memorial Health Foundation Inc?
Lawrence Memorial Health Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lawrencememorial.info
Learn more at the official website: www.lawrencememorial.info
Mission Statement of Lawrence Memorial Health Foundation Inc
Lawrence Memorial Health Foundation Inc, a mission-driven organization, has dedicated itself to providing compassionate, quality healthcare to the communities it serves for over 60 years. Believing that a healthcare facility should do more than offer medical services, the Foundation goes above and beyond to deliver employment, public health education, and quality healthcare services to the residents of Lawrence County and surrounding areas.
With a commitment to meeting the needs and expectations of its patients, staff, and communities, Lawrence Memorial Health Foundation Inc strives to be a leader in improving the economics, accessibility, and quality of healthcare in Lawrence County. The organization's vision is to allocate resources to address the community's needs effectively and continually. By providing volunteer work, charity care, and other benefits such as educational events and free health screenings, the Foundation serves the community's needs annually.
Lawrence Memorial Health Foundation Inc is more than just a healthcare provider. It is dedicated to thoroughly assessing the needs of the communities it serves and addressing them through the delivery of essential services. The organization's team works tirelessly to ensure that the communities they serve receive the best possible care and opportunities for growth. Their efforts contribute significantly to the overall health and well-being of the population they support.
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Impact
October, 2024
Lawrence Memorial Health Foundation Inc significantly impacts the communities it serves through its dedicated healthcare services and commitment to public health. With a goal to provide compassionate, quality healthcare, the foundation offers routine hospital care, outpatient services, and clinical support to residents in and around Lawrence County. In the past year alone, the foundation facilitated 18,809 inpatient days, handled 26,197 outpatient admissions, and managed 5,660 emergency room visits, underscoring its vital role in community health.
Beyond immediate healthcare delivery, the foundation fosters a healthier community by focusing on public health education and outreach. For more than 60 years, it has actively committed to employing local residents and ensuring that healthcare needs are met with accessibility and quality. Its vision includes assessing community needs through various initiatives such as volunteering, charity care, educational events, and free health screenings.
By striving to improve healthcare economics, accessibility, and overall quality, Lawrence Memorial Health Foundation demonstrates a profound dedication to the well-being of Lawrence County and its surrounding areas. The foundation embodies the belief that healthcare goes beyond treatment—it is about cultivating a thriving, healthy community.
This information is meant to be a general summary of Lawrence Memorial 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: -$338,661
- Program Service Revenue: $12,287,702
- Gross Receipts: $17,829,983
Assets and Liabilities:
- Total Assets: $18,602,579
- Total Liabilities: $3,398,651
- Net Assets: $15,203,928
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PATIENT SERVICE REVENUE
Revenue
$11,896,858
PHARMACY REVENUE
Revenue
$367,125
MEDICAL DIRECTOR FEES
Revenue
$20,775
Medical Office Building Rent
Revenue
$2,944
Organization Details
Founding Year
2003
Phone
(870) 886-1263Principal Officer
Josh Conlee
Main Address
PO BOX 839, WALNUT RIDGE, AR, 724760839
Website
www.lawrencememorial.infoNTEE Category
Code: E20 - Health
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