Overview
What is Albert Lea Healthcare Coalition?
The Albert Lea Healthcare Coalition is a dedicated nonprofit organization, established in Albert Lea, Minnesota. Their primary mission is to foster the growth and enhance the accessibility of healthcare services within the community, ultimately benefiting its residents. In their inaugural year, they launched a successful fundraising campaign, which will contribute to a five-phase project aiming to reintroduce healthcare services to the local area. As of 2021, they have completed Phase One, with a local clinic currently operating within the designated building, and plans to expand their services further in the coming years.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement, 71%
The Albert Lea Healthcare Coalition has received a Two-Star out of Four Star rating from Charity Navigator, indicating areas for improvement within its accountability and finance practices. While the organization boasts a fully independent board and a commendable program expense ratio of 96.05%, it struggles significantly with transparency, as evidenced by the absence of financial statements and missing critical policies such as whistleblower and document retention.
Despite the lack of comprehensive financial documentation, the coalition has effectively managed its assets, with a low liabilities to assets ratio of 23.07%. This points to a reasonable level of financial health in terms of asset management. However, the lack of publicly available tax documents and certain governance policies raises concerns about the coalition's commitment to transparency and accountability to its stakeholders.
Overall, while the Albert Lea Healthcare Coalition has strengths in its independent governance and high program spending, the organization's transparency and documentation practices need significant enhancement to improve its rating and foster greater trust among donors and the community.
This AI summary has been generated from information found on Charity Navigator.
Is Albert Lea Healthcare Coalition legitimate?
Albert Lea Healthcare Coalition is a legitimate nonprofit organization registered as a 501(c)(3) entity. Albert Lea Healthcare Coalition 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.
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What is the mission statement of Albert Lea Healthcare Coalition?
The Albert Lea Healthcare Coalition's mission is focused on promoting the development and enhancing access to healthcare services, aiming to benefit the local community and its residents. Initially, the coalition executed a successful fundraising campaign through a mail campaign, which collected funds for a multi-phase project aimed at reintroducing healthcare services to the area. In 2021, the coalition completed the first phase of this project, with a local clinic now offering services and plans to expand its offerings over the following years.
Who is the CEO of Albert Lea Healthcare Coalition?
Brad Arends is the President of Albert Lea Healthcare Coalition.
What is the revenue of Albert Lea Healthcare Coalition?
Albert Lea Healthcare Coalition's revenue in 2021 was $1,542,791.
Who are the executives of Albert Lea Healthcare Coalition and what are their salaries?
There 20 volunteers at Albert Lea Healthcare Coalition.
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Where can I find the form 990 for Albert Lea Healthcare Coalition?
Albert Lea Healthcare Coalition's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of Albert Lea Healthcare Coalition
Albert Lea Healthcare Coalition is devoted to advancing and enhancing the availability of healthcare services for the betterment of the community and its inhabitants. Their mission is centered around promoting the development and improvement of these services, aiming to benefit the community as a whole. In the initial stages of its operation, the Coalition successfully executed a significant fundraising campaign, the proceeds of which would support a comprehensive project aimed at reinstating healthcare services within the local community. In 2021, the Coalition completed the first phase of this project. Currently, a local clinic is operational within the specified building, and plans are underway to incorporate additional healthcare services over the following years.
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Impact
July, 2024
The Albert Lea Healthcare Coalition successfully completed a major mail campaign to raise funds that will support a five-phase project bringing back health care services to the local community. In 2021, the coalition completed Phase One, with a local clinic now offering services in the building and plans to add more services in the coming years. Their impact includes improving access to health care services for the community and its residents in Albert Lea, Minnesota.
This information is meant to be a general summary of Albert Lea Healthcare Coalition. 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 2021.
- Investment Income: $1,298
- Gross Receipts: $1,552,810
Assets and Liabilities:
- Total Assets: $5,134,250
- Total Liabilities: $1,184,610
- Net Assets: $3,949,640
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Organization Details
Founding Year
2019
Phone
(507) 379-6909Principal Officer
Brad Arends
Main Address
PO BOX 285, ALBERT LEA, MN, 56007
NTEE Category
Code: E01 - Health
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