Overview
What is Mclennan County Medical Education And Research Foundation?
The Mclennan County Medical Education and Research Foundation, commonly known as Waco Family Medicine, is a nonprofit organization located at 1600 Providence Drive, Waco, Texas. With a team of three dedicated individuals, its primary mission is to promote and provide primary health education and care programs for the vulnerable population of McLennan County, Texas. This involves conducting research and offering primary health care services. The organization provides post-doctorate medical education to physicians specializing in family medicine, simultaneously offering patient care through a partnership with Heart of Texas Community Health Center, Inc. Their work is centered around improving primary healthcare in the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
The Mclennan County Medical Education and Research Foundation received a two-star rating from Charity Navigator, indicating an overall score of 67%. While the organization demonstrates strong governance practices, including independent board membership and effective auditing oversight, it struggles significantly with financial health indicators. The program expense ratio is commendable at 97.12%, suggesting a strong commitment to its mission, but critical weaknesses in fundraising efficiency and liquidity raise concerns.
Key strengths include a fully independent board, a comprehensive conflict of interest policy, and a robust whistleblower policy, all of which contribute positively to organizational accountability. However, the financial metrics are troubling, particularly the liabilities to assets ratio of 98.51% and a working capital ratio of only 0.01 years, indicating potential solvency issues.
Overall, while the foundation demonstrates a strong commitment to its programs and governance, the financial challenges highlighted suggest that significant improvements are necessary to ensure long-term sustainability and effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Mclennan County Medical Education And Research Foundation legitimate?
Mclennan County Medical Education And Research Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mclennan County Medical Education And Research 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $76,516
Professional Fundraising Fees: $0
Other Salaries and Wages: $29,903
For more financial information, click here
What is the mission statement of Mclennan County Medical Education And Research Foundation?
The Mclennan County Medical Education and Research Foundation's mission is centered around promoting and providing primary health education and primary healthcare programs, with a focus on supporting the vulnerable population. Specifically, the foundation aims to promote primary healthcare education, conduct research, and implement primary healthcare programs for the vulnerable individuals in McLennan County, Texas. This organization serves as a residency training organization, offering post-doctorate medical education to physicians specializing in family medicine. Simultaneously, it provides patient care and medical education through a subcontract with the Heart of Texas Community Health Center, Inc.
Who is the CEO of Mclennan County Medical Education And Research Foundation?
D Mike Hardin Jr is the Principal Officer of Mclennan County Medical Education And Research Foundation. The CEO's salary of Mclennan County Medical Education And Research Foundation is $0 and their total compensation is $487,917.
What is the revenue of Mclennan County Medical Education And Research Foundation?
Mclennan County Medical Education And Research Foundation's revenue in 2022 was $3,446,202.
Who are the executives of Mclennan County Medical Education And Research Foundation and what are their salaries?
The average compensation at Mclennan County Medical Education And Research Foundation during 2022 was $35,473. There are 3 employees and 83 volunteers at Mclennan County Medical Education And Research Foundation.
Here are 20 key members and their salaries (Mclennan County Medical Education And Research Foundation's CEO's salary is $0 and their total compensation is $487,917):
- Compensation: $0
- Related: $480,167
- Other: $7,750
- Compensation: $0
- Related: $233,542
- Other: $7,750
- Compensation: $0
- Related: $90,810
- Other: $7,950
- Compensation: $0
- Related: $98,772
- Other: $6,400
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
- Related: $65,906
- Other: $7,100
- Compensation: $0
- Related: $57,129
- Other: $13,500
- Compensation: $0
- Related: $179,668
- Other: $7,700
- Compensation: $0
- Related: $270,041
- Other: $7,750
Where can I find the form 990 for Mclennan County Medical Education And Research Foundation?
Mclennan County Medical Education And Research Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Mclennan County Medical Education And Research Foundation
The Mclennan County Medical Education and Research Foundation is committed to promoting and providing primary health education and primary health care programs, with a focus on serving the vulnerable population. Its mission is to enhance primary health care education, conduct research, and implement primary health care programs designed specifically for the vulnerable individuals in McLennan County, Texas. By partnering with the Heart of Texas Community Health Center, Inc., this organization offers post-doctorate medical education to physicians specializing in family medicine, while simultaneously delivering patient care and medical education through this collaboration. The foundation's efforts aim to improve the health and well-being of the vulnerable population, ensuring they have access to essential health care services and education.
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Impact
July, 2024
Mclennan County Medical Education And Research Foundation's impact is profound in promoting and providing primary health education and care programs, including research for the vulnerable population in McLennan County, Texas. Through its residency training organization, the foundation offers post-doctorate medical education to physicians specializing in family medicine. Additionally, it plays a crucial role in providing patient care and medical education by partnering with the Heart of Texas Community Health Center, Inc. in Waco, TX. The foundation's mission to promote primary healthcare education programs and research significantly contributes to improving healthcare access and outcomes for the underserved population in the region.
This information is meant to be a general summary of Mclennan County Medical Education And Research 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: $44
- Gross Receipts: $3,446,202
Assets and Liabilities:
- Total Assets: $3,581,978
- Total Liabilities: $3,528,839
- Net Assets: $53,139
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Organization Details
Founding Year
1976
Phone
(254) 313-4200Principal Officer
D Mike Hardin Jr
Main Address
1600 PROVIDENCE DR, WACO, TX, 767072261
NTEE Category
Code: E31Z - Health
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