Hallmark Health Medical Associates Inc

Overview

Mission

Hallmark health medical associates, inc. Supports the charitable mission of melrosewakefield healthcare, inc. Through the employment of primary care physicians and specialists at practices throughout the melrosewakefield service area. There are nearly 80 physicians operating practices in 9 different communities within the melrosewakefield service area.

What it reported doing in 2023

The purpose of hallmark health medical associates, inc. Is to improve the quality and access to medical care provided by melrosewakefield healthcare, inc. By encouraging physicians to provide needed medical services in the hospital's service area and by otherwise supporting the needs of the medically under-served communities. Hallmark health medical assocates' program service revenue represents net fees billed for physician services provided in obstetrics, gynecology, internal medicine, surgery, gastroenterology, family medicine, endocrinology, pulmonology, radiation oncology, infectious disease, neurology, and neurosurgery.

Operating model

Revenue model
Earned-program. 100% 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
043140938
IRS 990 coverage
2010–2023
Forms available
Form 990 2023, Form 990-T 2023
Headquarters
Medford, MA, USA
Rating
72
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Health

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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: 95
  • Transparency & Controls: 67
  • Accountability: 42
  • Sustainability: 7
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 87.5%; rating input score 87
  • 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: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Yes; rating input score 100
  • Public monitoring controls: Limited
  • Public policy transparency: Limited
  • Public financial transparency: Limited
  • Impact reporting controls: Limited
  • Public relationship transparency: Limited

Accountability

  • Independent voting board: 0%; rating input score 0; 4th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
  • Public governance controls: Limited
  • Zakat policy transparency: Limited

Sustainability

  • Operating margin: -23%; rating input score 4; 4th percentile among comparable filings
  • Operating reserve ratio: 0.22; rating input score 6; 6th percentile among comparable filings
  • Liabilities to assets ratio: 0.69; rating input score 23; 23rd percentile among comparable filings
  • Officer compensation ratio: 9.8%; rating input score 3; 3rd percentile among comparable filings

Growth

  • Program expense growth: 6.6% per year; rating input score 100; 55th percentile among comparable filings
  • Revenue growth: 10.1% per year; rating input score 100; 77th percentile among comparable filings
  • Asset growth: 6.9% per year; rating input score 100; 51st percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 87.5% of spending went to programs
  • Governance: 0 of 7 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $59.2M in reported program spending
  • Leadership: top reported pay $1.2M · 15 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 29 of 29 current checks pass
  • Schedules: 5 filed schedules · includes executive pay and related organizations
  • Filing history: 14 annual filings from 2010 to 2023
  • Money network: 9 filed money-flow records
  • Related organizations: 54 filed related-organization links