Overview
What is Kaiser Health Plan Asset Management Inc?
Kaiser Health Plan Asset Management Inc, based in Oakland, California, functions as a supporting organization that procures essential medical equipment for the delivery of healthcare services at various Kaiser Permanente managed care facilities. With a mission rooted in acquiring necessary medical equipment, this nonprofit plays a crucial role in ensuring the effective operation of healthcare facilities under the Kaiser Permanente network.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Stars)
Kaiser Health Plan Asset Management Inc has received a Three-Star rating from Charity Navigator, indicating a solid performance in accountability and finance. The rating is primarily based on a single beacon score, emphasizing the organization’s financial practices, which were evaluated positively. The charity reported no material diversion of assets and demonstrated strong practices in areas such as conflict of interest and whistleblower policies.
However, the organization has room for improvement, particularly regarding its board composition, as it currently lacks independent board members. This absence may raise concerns about governance and oversight. Nevertheless, the organization showcases strengths through its financial stability, with a favorable liabilities-to-assets ratio and a program expense ratio of 100%, suggesting that all funds are allocated to its programs.
Overall, while Kaiser Health Plan Asset Management Inc operates with commendable financial integrity and policies, enhancing its governance structure by incorporating independent board members could further strengthen its operational effectiveness and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Kaiser Health Plan Asset Management Inc legitimate?
Kaiser Health Plan Asset Management Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kaiser Health Plan Asset Management 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $619,512
For more financial information, click here
What is the mission statement of Kaiser Health Plan Asset Management Inc?
Kaiser Health Plan Asset Management Inc supports the delivery of medical care at various Kaiser Permanente facilities by acquiring and managing essential medical equipment. The organization plays a crucial role in ensuring that necessary medical tools are available for effective healthcare services. Through its mission, Kaiser Health Plan Asset Management Inc enhances the capabilities of healthcare facilities to provide optimal care to patients. The acquisition and management of medical equipment are vital functions that contribute to the efficient and high-quality delivery of medical services. The organization's efforts are focused on enhancing the overall healthcare experience for patients by ensuring access to the latest medical equipment.
Who is the CEO of Kaiser Health Plan Asset Management Inc?
Thomas R Meier is the Principal Officer of Kaiser Health Plan Asset Management Inc.
What is the revenue of Kaiser Health Plan Asset Management Inc?
Kaiser Health Plan Asset Management Inc's revenue in 2022 was $62,388,630.
Who are the executives of Kaiser Health Plan Asset Management Inc and what are their salaries?
Here are 7 key members and their salaries:
- Compensation: $0
- Related: $5,726,249
- Other: -$216,576
- Compensation: $0
- Related: $5,101,508
- Other: $61,868
- Compensation: $0
- Related: $1,466,903
- Other: $207,776
- Compensation: $0
- Related: $1,614,705
- Other: -$90,086
- Compensation: $0
- Related: $1,101,434
- Other: $12,111
- Compensation: $0
- Related: $659,683
- Other: $5,379
- Compensation: $0
- Related: $471,975
- Other: -$113,514
Where can I find the form 990 for Kaiser Health Plan Asset Management Inc?
Kaiser Health Plan Asset Management Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Kaiser Health Plan Asset Management Inc
Kaiser Health Plan Asset Management, Inc. plays a crucial role in ensuring the delivery of medical care at various Kaiser Permanente managed care facilities by acquiring and managing necessary medical equipment. The organization functions as a supporting entity, dedicated to procuring essential medical tools for the effective provision of healthcare services. With a focus on acquiring and managing medical equipment, this nonprofit organization significantly contributes to the overall operational efficiency of Kaiser Permanente's managed care facilities. By securing the required medical equipment, Kaiser Health Plan Asset Management, Inc. enables healthcare professionals to offer high-quality medical care to their patients, ultimately leading to better health outcomes.
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Impact
October, 2024
Kaiser Health Plan Asset Management Inc plays a crucial role in the healthcare system by acquiring and managing medical equipment essential for delivering medical care at Kaiser Permanente managed care facilities. By ensuring that these facilities are equipped with the necessary tools and technology, the organization supports the efficient and effective treatment of patients. This enhances the overall quality of care provided in these facilities, contributing to improved health outcomes. Their focus on medical equipment helps streamline operations, enabling healthcare providers to focus more on patient care rather than equipment procurement or management.
This information is meant to be a general summary of Kaiser Health Plan Asset Management 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.
- Program Service Revenue: $62,388,630
- Gross Receipts: $64,923,214
Assets and Liabilities:
- Total Assets: $309,416,148
- Total Liabilities: $136,417,740
- Net Assets: $172,998,408
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LEASED MEDICAL EQUIPMENT
Revenue
$61,670,665
PROGRAM SERVICE REVENUE FROM AFFILIATES
Revenue
$717,965
Organization Details
Founding Year
1998
Phone
(510) 271-6611Principal Officer
Thomas R Meier
Main Address
ONE KAISER PLAZA - 26TH FLOOR, OAKLAND, CA, 94612
NTEE Category
Code: E110 - Health
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