Overview
What is Memorial Hospital Association?
Memorial Hospital Association is a community-owned organization based in Red Lodge, Montana. The nonprofit operates a critical access hospital that delivers acute and transitional care, outpatient surgical services, diagnostic services, rehabilitation, and hospice/home care for the local community and surrounding area. The hospital is funded through patient fees, Medicare and Medicaid, and private insurance reimbursements. Memorial Hospital Association's mission is to save lives and promote healthy living, reflecting its values of accountability, compassion, passion for excellence, love, and innovation. The organization employs a team of 176 individuals dedicated to this mission.
Official website here: www.beartoothbillingsclinic.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 84%, Three-Star out of Four Star rating.
The Memorial Hospital Association has received a solid Three-Star rating from Charity Navigator, reflecting a score of 84%. This rating indicates a commendable level of accountability and financial health, with notable strengths in its governance structure, including a fully independent board and effective oversight mechanisms. The organization demonstrates transparency through various policies such as conflict of interest and whistleblower protections.
Financial metrics show that the association maintains a reasonable liabilities-to-assets ratio, although its program expense ratio may suggest opportunities for improvement in allocating funds directly toward its programs. The organization has effectively listed its financial statements and board meeting minutes, reinforcing its commitment to accountability and transparency.
While the overall rating is positive, there could be room for enhancement in program funding efficiency. Prospective donors and stakeholders may wish to consider these factors when evaluating the association's effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Memorial Hospital Association legitimate?
Memorial Hospital Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. Memorial Hospital Association 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: $802,538
Professional Fundraising Fees: $0
Other Salaries and Wages: $6,251,266
For more financial information, click here
Official website here: www.beartoothbillingsclinic.org
What is the mission statement of Memorial Hospital Association?
The Memorial Hospital Association is dedicated to saving lives and fostering healthy living. Their guiding principles embody accountability, compassion, passion for excellence, love, and innovation. The organization's mission is geared towards delivering acute and transitional care, outpatient surgical services, diagnostic services, rehabilitation, and hospice/home care. Patient fees, Medicare, Medicaid, and private insurance reimbursements support the provision of these services.
Official website here: www.beartoothbillingsclinic.org
Who is the CEO of Memorial Hospital Association?
Abby Lotz Rn is the Director of Memorial Hospital Association. The CEO's salary of Memorial Hospital Association is $45,719 and their total compensation is $46,620.
Official website here: www.beartoothbillingsclinic.org
What is the revenue of Memorial Hospital Association?
Memorial Hospital Association's revenue in 2022 was $17,596,244.
Official website here: www.beartoothbillingsclinic.org
Who are the executives of Memorial Hospital Association and what are their salaries?
The average compensation at Memorial Hospital Association during 2022 was $40,078. There are 176 employees and 20 volunteers at Memorial Hospital Association.
Here are 20 key members and their salaries (Memorial Hospital Association's CEO's salary is $45,719 and their total compensation is $46,620):
- Compensation: $272,663
- Related: $0
- Other: $56,294
- Compensation: $160,950
- Related: $0
- Other: $18,679
- Compensation: $140,935
- Related: $0
- Other: $8,427
- Compensation: $134,921
- Related: $0
- Other: $12,826
- Compensation: $138,133
- Related: $0
- Other: $9,383
- Compensation: $129,959
- Related: $0
- Other: $10,373
- Compensation: $122,907
- Related: $0
- Other: $17,313
- Compensation: $125,218
- Related: $0
- Other: $8,122
- Compensation: $45,719
- Related: $0
- Other: $901
- 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
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.beartoothbillingsclinic.org
Where can I find the form 990 for Memorial Hospital Association?
Memorial Hospital Association's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.beartoothbillingsclinic.org
Learn more at the official website: www.beartoothbillingsclinic.org
Mission Statement of Memorial Hospital Association
Memorial Hospital Association, a community-owned critical access hospital, is dedicated to saving lives and promoting healthy living. This mission is underpinned by the organization's core values: accountability, compassion, passion for excellence, love, and innovation.
The team at Memorial Hospital Association works tirelessly to provide acute and transitional care, outpatient surgical services, diagnostic services, rehabilitation, and hospice/home care for the community. They are committed to ensuring that patients receive the best possible care, regardless of their ability to pay. The organization relies on patient fees, Medicare and Medicaid, and private insurance reimbursements to fund its operations.
Memorial Hospital Association's compassionate and accountable approach extends beyond its clinical services. The organization values the importance of each patient and strives to make a positive impact on their lives. By embodying a passion for excellence and a love for what they do, the Memorial Hospital Association team goes above and beyond to ensure that every patient receives the care they need to live a healthy and fulfilling life.
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Impact
October, 2024
Memorial Hospital Association plays a vital role in the community by providing critical access healthcare services designed to save lives and promote healthy living. Located in Red Lodge, MT, this community-owned hospital offers a comprehensive range of services, including acute and transitional care, outpatient surgical services, diagnostic services, rehabilitation, and hospice/home care.
With a strong commitment to values such as accountability, compassion, passion, excellence, love, and innovation, the association ensures that residents of Red Lodge and the surrounding area receive high-quality healthcare. Their services are funded through patient fees, Medicare, Medicaid, and private insurance reimbursements, which enables them to maintain a sustainable operation while fulfilling their mission.
By focusing on both immediate healthcare needs and long-term wellbeing, Memorial Hospital Association significantly enhances the quality of life within the community, addressing both urgent medical issues and promoting overall health. Their impact is felt not only in the hospital itself but throughout the region as they strive to ensure accessible and effective healthcare for all.
This information is meant to be a general summary of Memorial Hospital Association. 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: $444,336
- Program Service Revenue: $17,465,721
- Gross Receipts: $20,493,236
Assets and Liabilities:
- Total Assets: $29,841,173
- Total Liabilities: $18,271,899
- Net Assets: $11,569,274
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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
$17,317,261
Other Program Revenue
Revenue
-$65,316
Program Rent
Revenue
$119,938
340B PHARMACY
Revenue
$93,838
Organization Details
Founding Year
1948
Phone
(406) 446-2345Principal Officer
Abby Lotz Rn
Main Address
PO BOX 590, RED LODGE, MT, 59068
NTEE Category
Code: E22 - Health
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