Overview
What is Overlake Hospital Medical Center?
Overlake Hospital Medical Center, located as a 349-bed nonprofit institution, provides advanced healthcare services to the community. Their mission encompasses operating a hospital for the care of individuals and engaging in educational, research, and other initiatives that promote overall community health. The center offers a comprehensive range of services, including cardiac, cancer, women's and infants', and surgical care. The hospital is deeply committed to providing compassionate care for every life it touches.
Official website here: www.overlakehospital.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 96%, Four-Star out of Four Star rating.
Overlake Hospital Medical Center has achieved an impressive Four-Star rating from Charity Navigator, reflecting a strong performance in accountability and finance. The organization’s overall score highlights its commitment to transparency and effective financial management, with a perfect score in various metrics concerning board composition, financial oversight, and adherence to governance policies.
The majority of the board members (94%) are independent, providing a solid foundation for unbiased decision-making. The organization's financial health is also noteworthy, with a program expense ratio of 81.08%, indicating that a significant portion of its resources is allocated directly to its programs. With no material diversion of assets reported, the hospital demonstrates a commitment to ethical management of funds.
While the rating underscores the strengths of Overlake Hospital Medical Center, it is essential for potential supporters to consider their specific interests and how they align with the hospital's services and mission. Overall, the organization's high rating assures donors of its accountability and dedication to serving the community.
This AI summary has been generated from information found on Charity Navigator.
Is Overlake Hospital Medical Center legitimate?
Overlake Hospital Medical Center is a legitimate nonprofit organization registered as a 501(c)(3) entity. Overlake Hospital Medical Center 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: $4,321,568
Professional Fundraising Fees: $0
Other Salaries and Wages: $384,699,931
For more financial information, click here
Official website here: www.overlakehospital.org
What is the mission statement of Overlake Hospital Medical Center?
Overlake Hospital Medical Center is dedicated to operating a hospital that provides care for individuals in need, while also engaging in educational, research, and other activities that promote community health. Its mission is to deliver compassionate care to every life it encounters. The medical center is equipped to handle a wide range of advanced medical services including cardiac, cancer, women's and infants', and surgical care.
Official website here: www.overlakehospital.org
Who is the CEO of Overlake Hospital Medical Center?
J Michael Marsh is the CEO of Overlake Hospital Medical Center The CEO's salary of Overlake Hospital Medical Center is $1,155,990 and their total compensation is $1,305,849.
Official website here: www.overlakehospital.org
What is the revenue of Overlake Hospital Medical Center?
Overlake Hospital Medical Center's revenue in 2024 was $802,768,233.
Official website here: www.overlakehospital.org
Who are the executives of Overlake Hospital Medical Center and what are their salaries?
The average compensation at Overlake Hospital Medical Center during 2024 was $91,470. There are 4253 employees and 161 volunteers at Overlake Hospital Medical Center.
Here are 31 key members and their salaries (Overlake Hospital Medical Center's CEO's salary is $1,155,990 and their total compensation is $1,305,849):
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- Compensation: $1,155,990
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- Other: $149,859
- Compensation: $490,217
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- Compensation: $363,768
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- Compensation: $341,672
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- Other: $64,196
- Compensation: $285,720
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- Other: $53,878
- Compensation: $1,034,169
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- Other: $44,050
- Compensation: $955,217
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- Other: $50,565
- Compensation: $879,177
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- Other: $44,710
- Compensation: $868,890
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- Other: $50,580
- Compensation: $863,047
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- Other: $43,685
- Compensation: $362,836
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- Other: $52,491
Official website here: www.overlakehospital.org
Where can I find the form 990 for Overlake Hospital Medical Center?
Overlake Hospital Medical Center's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.overlakehospital.org
Learn more at the official website: www.overlakehospital.org
Mission Statement of Overlake Hospital Medical Center
Overlake Hospital Medical Center, a renowned nonprofit institution, is dedicated to providing comprehensive healthcare services and contributing to the overall wellbeing of the community. With a mission to operate a hospital for the care of persons and engage in various activities promoting general health, Overlake Hospital Medical Center is committed to delivering compassionate care for every life it touches.
The 349-bed medical center encompasses a wide array of advanced medical services, including cardiac, cancer, women's and infants', and surgical care. By offering these services, Overlake Hospital Medical Center ensures that the community it serves has access to essential healthcare resources. The hospital's compassionate team of medical professionals is devoted to working together to address the diverse healthcare needs of their patients.
Moreover, Overlake Hospital Medical Center extends its reach beyond clinical care through its commitment to education and research initiatives. By engaging in these activities, the hospital strives to advance the knowledge and understanding of various medical conditions and treatments. This dedication to continuous learning and improvement allows Overlake Hospital Medical Center to maintain its position at the forefront of healthcare innovation and excellence.
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Impact
October, 2024
Overlake Hospital Medical Center plays a crucial role in enhancing community health in Bellevue, WA, and the surrounding areas. As a 349-bed regional medical center, it offers a comprehensive array of advanced medical services, including specialized care in cardiac, cancer, women's health, and surgical procedures.
The hospital is dedicated to its mission of providing compassionate care, ensuring that every individual receives high-quality healthcare tailored to their needs. Through its commitment to education and research, Overlake actively contributes to the broader landscape of health promotion in the community. By focusing on both immediate medical care and long-term health education, Overlake enhances the well-being of countless individuals and families while fostering a healthy community environment.
This information is meant to be a general summary of Overlake Hospital Medical Center. 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 2024.
- Investment Income: $7,574,441
- Program Service Revenue: $765,659,312
- Gross Receipts: $1,331,870,470
Assets and Liabilities:
- Total Assets: $1,021,060,160
- Total Liabilities: $503,607,176
- Net Assets: $517,452,984
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
NON GOVERNMENT PAYMENT
Revenue
$467,249,174
MEDICARE/MEDICAID
Revenue
$284,121,911
OTHER PROGRAM SERVICES
Revenue
$12,450,931
PROGRAM RELATED INV.
Revenue
$1,605,318
EDUCATION SERVICES
Revenue
$126,392
Organization Details
Founding Year
1953
Principal Officer
Jon Duarte
Website
www.overlakehospital.orgNTEE Category
Code: E220 - Health
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