Overview
What is Hospital Shared Services Association?
The Hospital Shared Services Association is a regional cooperative based in Seattle, Washington, serving as a network of hospitals and healthcare facilities across the Pacific Northwest. Its primary objective is to assist its member hospitals in reducing costs while maintaining high-quality patient care. The association accomplishes this by offering group purchasing discounts and refunds that typically aren't accessible to non-profit organizations. To further support its members, the association aids in contract negotiations and provides various purchasing-related services. In essence, the Hospital Shared Services Association aims to help its members optimize their expenditures on goods and services, thereby enabling them to allocate resources more effectively towards patient care.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
The Hospital Shared Services Association has received a Two-Star out of Four Star rating from Charity Navigator, indicating a need for improvement with an overall score of 67%. While the organization boasts a fully independent board, which is a strength, it falls short in several key areas including the absence of financial statements and essential policies such as conflict of interest and whistleblower protections. These gaps highlight potential concerns regarding transparency and governance practices.
Financially, the organization maintains a favorable liabilities to assets ratio of 0.00%, suggesting a solid financial position. The program expense ratio is also strong at 87.20%, indicating that a significant portion of funds is directed towards its programs. However, the lack of publicly accessible financial documents and policies raises questions about accountability and oversight.
In summary, while the Hospital Shared Services Association demonstrates effective program funding and independence in its board structure, the absence of critical financial transparency measures and policies needs to be addressed to enhance trust and credibility among stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Hospital Shared Services Association legitimate?
Hospital Shared Services Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hospital Shared Services 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: $54,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Hospital Shared Services Association?
The Hospital Shared Services Association, functioning as a cooperative network of hospitals and healthcare services across the Pacific Northwest, shares a collective goal of reducing costs while maintaining exceptional patient care. The mission of this organization is to aid and support its member hospitals in their endeavors to decrease and manage expenditures on procured goods and services. To accomplish this, the association offers its members group purchasing discounts and refunds that are typically unattainable for non-profit organizations. Furthermore, the association assists its member hospitals in contract negotiations and provides various purchasing-related support services.
Who is the CEO of Hospital Shared Services Association?
Joe Mcnamee is the President of Hospital Shared Services Association.
What is the revenue of Hospital Shared Services Association?
Hospital Shared Services Association's revenue in 2022 was $5,158,695.
Who are the executives of Hospital Shared Services Association and what are their salaries?
There 5 volunteers at Hospital Shared Services Association.
Here are 6 key members and their salaries:
- 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: $54,000
- Related: $0
- Other: $0
Where can I find the form 990 for Hospital Shared Services Association?
Hospital Shared Services Association's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Hospital Shared Services Association
The Hospital Shared Services Association, a regional cooperative comprising various hospitals and health services across the Pacific Northwest, is dedicated to a shared objective: reducing costs while maintaining exemplary patient care. At its core, the mission of this organization is to aid and facilitate the cost-reduction and control initiatives of its member hospitals. Through its efforts, the Association offers group purchasing discounts and refunds, typically unattainable for non-profit organizations, to its members. Furthermore, the Association extends its support beyond just purchasing discounts, engaged in contract negotiations and other procurement-related services for its member hospitals.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Hospital Shared Services Association's impact is significant in the healthcare industry, particularly in the Pacific Northwest region. The association plays a vital role in helping member hospitals and health services reduce costs while maintaining high levels of patient care. By providing access to group purchasing discounts and refunds that may not be readily available to nonprofit organizations, the association enables its members to operate more efficiently and effectively. Additionally, the support provided in contract negotiations and purchasing-related services further enhances the financial sustainability of member hospitals. Through its mission to assist and facilitate cost reduction efforts, Hospital Shared Services Association positively influences the financial health and operational efficiency of healthcare providers in the region.
This information is meant to be a general summary of Hospital Shared Services 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: $1,474,688
- Program Service Revenue: $3,684,007
- Gross Receipts: $5,225,095
Assets and Liabilities:
- Total Assets: $890,147
- Total Liabilities: $0
- Net Assets: $890,147
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INVMT INC GRP PURCH PROG SERV
Revenue
$3,683,078
MEMBER SAVINGS
Revenue
$929
Organization Details
Founding Year
1970
Phone
(425) 483-9229Principal Officer
Joe Mcnamee
Main Address
PO BOX 19741, SEATTLE, WA, 98109
NTEE Category
Code: E00 - Health
If you are a representative of Hospital Shared Services Association and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.