Overview
What is Intermountain Healthcare Foundation Inc?
Intermountain Healthcare Foundation Inc, based in Salt Lake City, Utah, contributes to the healthcare sector through strategic and fiscal guidance for the philanthropic initiatives of IHC Health Services, Inc. The Foundation strengthens community relationships and generates financial and charitable support, enhancing the overall healthcare activities of IHC Health Services.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88% (Three-Star out of Four Star rating)
Intermountain Healthcare Foundation Inc has received a strong evaluation from Charity Navigator, achieving an 88% score primarily based on its Accountability & Finance metrics. This rating reflects the organization's commitment to financial transparency and responsible governance, as evidenced by their independent board composition and absence of conflicts of interest. All board meeting minutes are documented, and various policies, such as a whistleblower policy and a document retention policy, are in place.
The foundation excels in its financial efficiency, with a program expense ratio of 94.30%, indicating that a significant portion of its funds goes directly to its programs. Additionally, the organization demonstrates effective fundraising practices, as shown by a low fundraising efficiency ratio of $0.03. Their working capital ratio of 8.13 years suggests a stable financial position, allowing for long-term planning and sustainability.
However, while the accountability measures are robust, the organization has a liabilities to assets ratio of 48.77%, which may raise some concerns about its financial leverage. Overall, Intermountain Healthcare Foundation Inc is well-regarded for its governance and commitment to program delivery, but potential donors should consider the balance of its financial metrics when making contributions.
This AI summary has been generated from information found on Charity Navigator.
Is Intermountain Healthcare Foundation Inc legitimate?
Intermountain Healthcare Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Intermountain Healthcare 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: $0
Professional Fundraising Fees: $4,250
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Intermountain Healthcare Foundation Inc?
The Intermountain Healthcare Foundation Inc plays a crucial role in supporting the philanthropic initiatives of IHC Health Services, Inc. By providing strategic and fiduciary leadership, the Foundation strengthens the relationship between the organization and community leaders, thereby enhancing its ability to secure financial and charitable support. The Foundation's mission focuses on leveraging its leadership position to boost the healthcare activities of IHC Health Services, Inc. Through its efforts, the Foundation contributes significantly to the overall mission and goals of the healthcare organization.
Who is the CEO of Intermountain Healthcare Foundation Inc?
David L Flood is the Trustee / Vice President (Partial) of Intermountain Healthcare Foundation Inc.
What is the revenue of Intermountain Healthcare Foundation Inc?
Intermountain Healthcare Foundation Inc's revenue in 2022 was $111,241,800.
Who are the executives of Intermountain Healthcare Foundation Inc and what are their salaries?
There 8 volunteers at Intermountain Healthcare Foundation Inc.
Here are 12 key members and their salaries:
- Compensation: $0
- Related: $4,755,465
- Other: $1,867,286
- Compensation: $0
- Related: $4,298,891
- Other: $1,390,538
- Compensation: $0
- Related: $2,553,920
- Other: $2,283,384
- Compensation: $0
- Related: $1,581,762
- Other: $870,380
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Intermountain Healthcare Foundation Inc?
Intermountain Healthcare Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Intermountain Healthcare Foundation Inc
Intermountain Healthcare Foundation, Inc. (IHF) plays a crucial role in supporting the philanthropic endeavors of IHC Health Services, Inc. By providing strategic and fiduciary leadership, the Foundation strengthens the relationship between the organization and community leaders and develops financial and charitable support. In other words, Intermountain Healthcare Foundation serves as a driving force behind the charitable initiatives of IHC Health Services, enhancing their ability to make a positive impact on people's lives. Through its mission, the Foundation ensures that IHC Health Services can continue to deliver top-notch healthcare services and make a meaningful difference in the community.
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Impact
October, 2024
Intermountain Healthcare Foundation Inc plays a critical role in enhancing healthcare services by providing strategic and fiduciary leadership for its philanthropic efforts. By strengthening relationships with community leaders, the foundation fosters partnerships that drive financial and charitable support for IHC Health Services, Inc. This collaboration ensures that healthcare initiatives are not only funded but also aligned with the needs of the community. Through its efforts, the foundation significantly contributes to the overall improvement of healthcare access, quality, and innovation in Salt Lake City and beyond. Whether through funding for new healthcare programs or support for existing services, the foundation's impact resonates throughout the community by promoting better health outcomes and supporting vital health initiatives.
This information is meant to be a general summary of Intermountain Healthcare 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: $9,258,229
- Gross Receipts: $113,306,720
Assets and Liabilities:
- Total Assets: $899,984,084
- Total Liabilities: $439,012,004
- Net Assets: $460,972,080
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Organization Details
Founding Year
2009
Phone
(801) 442-2000Principal Officer
David L Flood
Main Address
36 SOUTH STATE STREET SUITE 2200, SALT LAKE CITY, UT, 84111
NTEE Category
Code: E12 - Health
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