Overview
What is Cottage Health?
Cottage Health, located in Santa Barbara, California, serves as a crucial manager and administrator for Santa Barbara Cottage Hospital, Goleta Valley Cottage Hospital, and Santa Ynez Valley Cottage Hospital, along with Goleta Valley Professional Buildings, Inc. Their primary objective is to deliver excellent healthcare to their respective communities, upholding the values of integrity and compassion. With a workforce of 855 individuals, Cottage Health's dedication to superior healthcare is central to their mission.
Official website here: www.cottagehealth.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: Needs Improvement
Cottage Health has received a rating of 74%, classified as needing improvement, with a two-star rating. The organization demonstrates strong accountability and financial practices, achieving a perfect score in areas such as independent board membership and financial oversight. Their commitment to transparency is evident with comprehensive policies in place, including conflict of interest, whistleblower, and document retention protocols.
However, the nonprofit's financial metrics indicate areas for concern, particularly a high liabilities to assets ratio of 99.38%, which negatively impacted their overall rating. Additionally, while their program expense ratio of 64.78% shows that a significant portion of their expenses goes toward programs, there is still room for improvement in financial efficiency. Overall, while Cottage Health displays commendable governance and transparency, its financial stability raises questions that potential donors may want to consider.
This AI summary has been generated from information found on Charity Navigator.
Is Cottage Health legitimate?
Cottage Health is a legitimate nonprofit organization registered as a 501(c)(3) entity. Cottage Health 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: $11,363,591
Professional Fundraising Fees: $0
Other Salaries and Wages: $73,235,042
For more financial information, click here
Official website here: www.cottagehealth.org
What is the mission statement of Cottage Health?
Cottage Health is dedicated to delivering exceptional healthcare services and enhancing the overall health of the community. Guided by the core values of excellence, integrity, and compassion, this mission drives Cottage Health's commitment to providing superior care. Through this unwavering commitment, Cottage Health strives to make a positive impact on the health and wellbeing of those it serves. The organization manages and administers various healthcare facilities, ensuring access to quality care for all. By staying true to its mission and values, Cottage Health continues to improve the healthcare landscape for its community.
Official website here: www.cottagehealth.org
Who is the CEO of Cottage Health?
Ronald Werft is the CEO of Cottage Health The CEO's salary of Cottage Health is $1,914,019 and their total compensation is $2,002,344.
Official website here: www.cottagehealth.org
What is the revenue of Cottage Health?
Cottage Health's revenue in 2023 was $265,722,760.
Official website here: www.cottagehealth.org
Who are the executives of Cottage Health and what are their salaries?
The average compensation at Cottage Health during 2023 was $86,502. There are 978 employees and 15 volunteers at Cottage Health.
Here are 36 key members and their salaries (Cottage Health's CEO's salary is $1,914,019 and their total compensation is $2,002,344):
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- Compensation: $1,006,800
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- Other: $103,185
- Compensation: $1,070,894
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- Other: $234,431
- Compensation: $1,914,019
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- Other: $88,325
- Compensation: $885,425
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- Other: $91,065
- Compensation: $674,484
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- Other: $69,042
- Compensation: $887,530
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- Other: $90,632
- Compensation: $556,174
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- Other: $58,692
- Compensation: $573,706
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- Other: $81,164
- Compensation: $691,689
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- Compensation: $415,185
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- Other: $26,484
- Compensation: $505,122
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- Other: $45,017
- Compensation: $432,591
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- Other: $70,135
- Compensation: $647,516
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- Compensation: $377,092
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- Other: $76,065
- Compensation: $375,566
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- Other: $41,182
- Compensation: $408,835
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- Other: $98,825
- Compensation: $350,685
- Related: $0
- Other: $35,987
Official website here: www.cottagehealth.org
Where can I find the form 990 for Cottage Health?
Cottage Health's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.cottagehealth.org
Learn more at the official website: www.cottagehealth.org
Mission Statement of Cottage Health
Cottage Health, a renowned nonprofit organization, is dedicated to enhancing the health care experience of communities by adhering to its core values of excellence, integrity, and compassion. The mission of Cottage Health is geared towards delivering superior health care services and driving improvements in overall community health.
In pursuit of this goal, Cottage Health offers management and administrative support to various health care facilities. Among these are Santa Barbara Cottage Hospital, Goleta Valley Cottage Hospital, and Santa Ynez Valley Cottage Hospital. By providing these essential services, Cottage Health plays a pivotal role in ensuring the smooth functioning of these facilities and enabling them to deliver quality health care to their patients. Additionally, the organization oversees Goleta Valley Professional Buildings, Inc., further extending its reach and influence in the health care sector.
Cottage Health's commitment to its mission extends beyond the provision of management and administrative services. By upholding its core values, the organization demonstrates its unwavering dedication to the well-being of the communities it serves. Through its services, Cottage Health strives to create a healthier future for all, fostering a culture of compassion, integrity, and excellence.
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Impact
October, 2024
Cottage Health significantly impacts the communities it serves by delivering comprehensive, high-quality health care and enhancing overall community health. Through its management and administrative services at facilities like Santa Barbara Cottage Hospital, Goleta Valley Cottage Hospital, and Santa Ynez Valley Cottage Hospital, Cottage Health ensures that essential health services are accessible to residents of Santa Barbara and surrounding areas.
By upholding core values of excellence, integrity, and compassion, Cottage Health fosters a health care environment that prioritizes patient well-being and satisfaction. Its commitment to superior health care not only addresses immediate medical needs but also promotes long-term health improvements, contributing to a healthier population.
Additionally, Cottage Health engages in community outreach and education, aiming to raise awareness about health issues and encourage proactive health management among residents. This holistic approach to health care exemplifies its dedication to enhancing the overall quality of life in the communities it serves.
This information is meant to be a general summary of Cottage Health. 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 2023.
- Investment Income: $313,845
- Program Service Revenue: $259,374,899
- Gross Receipts: $265,722,760
Assets and Liabilities:
- Total Assets: $184,786,683
- Total Liabilities: $183,645,084
- Net Assets: $1,141,599
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ADMIN REV FROM TAX EXEMPT AFFIL
Revenue
$233,654,031
Net patient revenue
Revenue
$25,664,975
COSMG LLC income (loss)
Revenue
$55,893
Organization Details
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