Sturdy Health Inc
Overview
Mission
Sturdy health, inc.'s primary purpose is to expand and improve the availability of quality medical care in the sturdy memorial hospital service area.
What it reported doing in 2023
Sturdy health, inc.'s purpose is to render medical services and provide health education to the communities within the sturdy memorial hospital service area. During fiscal 2024, sturdy health, inc. Operated twenty group practices and one urgent care center in the towns of attleboro, north attleboro, rehoboth-seekonk, norton, and plainville.
Operating model
- Revenue model
- Earned-program. 78% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The nonprofit carried out 100% of its reported program work directly.
Nonprofit profile at a glance
- EIN
- 042709501
- IRS 990 coverage
- 2014–2023
- Forms available
- Form 990 2023
- Headquarters
- Attleboro, MA, USA
- Rating
- 75
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of voting board members are independent and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 85
- Transparency & Controls: 75
- Accountability: 62
- Sustainability: 17
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 85.6%; rating input score 86
- Program expense ratio: 83.3%; rating input score 83
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 71st percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 77th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
- Public monitoring controls: Limited
- Public policy transparency: Limited
- Public financial transparency: Limited
- Impact reporting controls: Limited
- Public relationship transparency: Limited
Accountability
- Independent voting board: 50%; rating input score 50; 13th percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 78
- Public governance controls: Limited
- Zakat policy transparency: Limited
Sustainability
- Operating margin: -2.7%; rating input score 20; 20th percentile among comparable filings
- Operating reserve ratio: 0.4; rating input score 14; 14th percentile among comparable filings
- Liabilities to assets ratio: 0.82; rating input score 17; 17th percentile among comparable filings
- Officer compensation ratio: 6%; rating input score 10; 10th percentile among comparable filings
Growth
- Program expense growth: 6.5% per year; rating input score 100; 55th percentile among comparable filings
- Revenue growth: 8.1% per year; rating input score 100; 68th percentile among comparable filings
- Asset growth: 13.1% per year; rating input score 100; 81st percentile among comparable filings
Details
- Where the money goes: 85.6% of revenue deployed · 83.3% of spending went to programs
- Governance: 3 of 6 board members independent · 7 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $70.6M in reported program spending
- Leadership: top reported pay $1M · 14 people listed · 0 of 6 pay-setting controls reported
- Consistency: 30 of 30 current checks pass
- Schedules: 8 filed schedules · includes major donors, grants, and executive pay
- Filing history: 10 annual filings from 2014 to 2023
- Money network: 8 filed money-flow records
- Related organizations: 4 filed related-organization links