Overview
What is Lodi Memorial Hospital Foundation Inc?
Lodi Memorial Hospital Foundation Inc is a nonprofit organization situated in Lodi, California, specifically at 845 S Fairmont Avenue 3. Their primary mission is to support and promote healthcare, facilitate access to healthcare, advance healthy living, and enhance public awareness of Lodi Memorial Hospital. Through philanthropy, they fund various programs that result in expanded health services for the community. By doing so, they contribute to the greater Lodi community's healthcare and overall well-being.
Official website here: www.lmhfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (73%)
Lodi Memorial Hospital Foundation Inc received a two-star rating, indicating a need for improvement in various areas. While the organization excels in program expenses, boasting a program expense ratio of 96.45%, which reflects efficient allocation of resources towards its mission, it faces challenges in accountability and finance with a score of 69. The foundation has a fully independent board, which enhances governance, but the absence of key policies such as conflict of interest and whistleblower policies raises concerns.
Despite its strengths, Lodi Memorial Hospital Foundation Inc has notable gaps in transparency and policy implementation. The foundation has not posted its tax form on its website, which can hinder public trust. Feedback collection practices are effective, scoring a perfect 100 for both collection and usage, yet the organization struggles to obtain responses, indicating potential barriers in engagement with stakeholders.
In terms of equity, the foundation scored relatively well overall, with an 85 out of 100 for equity strategies. However, it received a low score of 2 out of 7 for equity data, suggesting that while there are strategies in place, there may be insufficient data collection or reporting processes to support these initiatives effectively. Overall, while Lodi Memorial Hospital Foundation Inc demonstrates commitment to its programs, there is a critical need for improved transparency and policy development.
This AI summary has been generated from information found on Charity Navigator.
Is Lodi Memorial Hospital Foundation Inc legitimate?
Lodi Memorial Hospital Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lodi Memorial Hospital 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: $55,032
Professional Fundraising Fees: $0
Other Salaries and Wages: $15,027
For more financial information, click here
Official website here: www.lmhfoundation.org
What is the mission statement of Lodi Memorial Hospital Foundation Inc?
Lodi Memorial Hospital Foundation Inc's mission is centered around supporting and promoting healthcare within the community. They aim to facilitate access to healthcare, advance healthy living, and enhance public awareness of the hospital. The foundation achieves this mission through philanthropic giving, organizing events, and maintaining strong relations with donors. Their activities include funding various programs that lead to expanded health services in the community.
Official website here: www.lmhfoundation.org
Who is the CEO of Lodi Memorial Hospital Foundation Inc?
Wayne Craig is the Chairman of Lodi Memorial Hospital Foundation Inc. The CEO's salary of Lodi Memorial Hospital Foundation Inc is $163,072 and their total compensation is $163,072.
Official website here: www.lmhfoundation.org
What is the revenue of Lodi Memorial Hospital Foundation Inc?
Lodi Memorial Hospital Foundation Inc's revenue in 2022 was $914,111.
Official website here: www.lmhfoundation.org
Who are the executives of Lodi Memorial Hospital Foundation Inc and what are their salaries?
There 133 volunteers at Lodi Memorial Hospital Foundation Inc.
Here are 23 key members and their salaries (Lodi Memorial Hospital Foundation Inc's CEO's salary is $163,072 and their total compensation is $163,072):
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- Compensation: $163,072
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Official website here: www.lmhfoundation.org
Where can I find the form 990 for Lodi Memorial Hospital Foundation Inc?
Lodi Memorial Hospital Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lmhfoundation.org
Learn more at the official website: www.lmhfoundation.org
Mission Statement of Lodi Memorial Hospital Foundation Inc
Lodi Memorial Hospital Foundation Inc is dedicated to enhancing the community's healthcare and healthy living through philanthropy. Their mission is multifaceted, encompassing several key areas. Firstly, the foundation supports and promotes healthcare within the community. It strives to facilitate access to healthcare, advance healthy living, and enhance public awareness of Lodi Memorial Hospital.
Secondly, Lodi Memorial Hospital Foundation Inc fulfills its mission through various means. These include philanthropic giving, organizing events, and managing donor relations. By doing so, the foundation is able to fund several programs that result in expanded health services for the community.
In essence, Lodi Memorial Hospital Foundation Inc plays a crucial role in improving healthcare and promoting healthy living within the community. It achieves this by leveraging philanthropy, organizing events, and fostering strong donor relations. Through these efforts, the foundation seeks to make a positive impact on the health and wellbeing of the community it serves.
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Impact
July, 2024
Lodi Memorial Hospital Foundation Inc plays a vital role in enhancing the greater Lodi community's healthcare and promoting healthy living through philanthropy. The foundation funds various programs that expand health services in the community, contributing significantly to improving public health outcomes. Its mission to support and promote healthcare, facilitate access to healthcare, and advance healthy living aligns with the core needs of the community, making a positive impact on the overall well-being of residents in Lodi, California. Through philanthropic giving, events, and donor relations, the foundation actively fulfills its mission, bringing tangible benefits to the community it serves.
This information is meant to be a general summary of Lodi Memorial Hospital 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: $201,918
- Gross Receipts: $1,484,399
Assets and Liabilities:
- Total Assets: $10,373,688
- Total Liabilities: $47,033
- Net Assets: $10,326,655
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Organization Details
Founding Year
1980
Phone
(209) 339-7833Principal Officer
Wayne Craig
Main Address
845 S FAIRMONT AVENUE 3, LODI, CA, 95240
Website
www.lmhfoundation.orgNTEE Category
Code: T30 - Philanthropy
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