Athens Regional Specialty Services Inc

Nonprofit profile at a glance

EIN
271975001
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Athens, GA, USA
Phone
7064757000
Rating
77
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Group Health Practice (Health Maintenance Organizations)

Official website

Reported finances

Revenue
$94,123,373
Expenses
$99,990,321
Assets
$26,353,534
Liabilities
$30,570,274

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

27 people listed

Executive titles in this filing

  • MR J MICHAEL BURNETT (CEO, PARMC)
  • MR KEVIN BROWN (BOARD MEMBER & CEO, PHC)

Highest reported compensation

  • MR KEVIN BROWN (BOARD MEMBER & CEO, PHC): $4,428,574 total reported compensation
  • DR SHASHIKANT PATIL (PHYSICIAN): $2,314,540 total reported compensation
  • MR MICHAEL MANDL (BOARD MEMBER): $2,272,159 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Piedmont athens regional specialty services, inc. ("arss") was incorporated on february 18, 2010. Arss was formed to support the efforts of athens regional medical center by striving to improve the health of the general population of the area served by ensuring the availability of quality specialty medical services. Arss currently employs 90 physicians including 60 specialized physicians with expertise in cardiology, obstetrics, psychiatry, physical medicine and rehabilitation, pediatrics, hyperbaric medicine and general and colorectal surgery. Arss provides specialty medical services to the general public through its employee physicians, regardless of each patient's ability to pay.

What it reported doing in 2024

Specialty physician practices: the 90 physicians, including 60 specialized physicians, of athens regional specialty services, inc. (arss) delivered health care to the general public by providing services and resources for 273,620 patient visits in the 17 county northeast Georgia area served by athens regional medical center during the fiscal year ended june 30, 2025. During the same period, arss inc. Provided $11,219,518 in low income assistance.

Operating model

Revenue model
Other-operating. 100% of the money available for current operations came from other operating revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 89
  • Transparency & Controls: 70
  • Accountability: 77
  • Sustainability: 9
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 98.8%; rating input score 99
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
  • Pay-setting controls: 1 of 6 controls in place; rating input score 17
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 68.4%; rating input score 68; 20th percentile among comparable filings
  • Governance controls: 8 of 9 controls in place; rating input score 89
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -6.2%; rating input score 11; 11th percentile among comparable filings
  • Total-asset coverage ratio: 0.26; rating input score 8; 8th percentile among comparable filings
  • Liabilities to assets ratio: 1.16; rating input score 4; 4th percentile among comparable filings
  • Officer compensation ratio: 7.3%; rating input score 7; 7th percentile among comparable filings

Growth

  • Program expense growth: 11.6% per year; rating input score 100; 80th percentile among comparable filings
  • Revenue growth: 11.8% per year; rating input score 100; 82nd percentile among comparable filings
  • Asset growth: 14.5% per year; rating input score 100; 85th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 98.8% of spending went to programs
  • Governance: 13 of 19 board members independent · 8 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $98.8M in reported program spending
  • Leadership: top reported pay $4.4M · 27 people listed · 1 of 6 pay-setting controls reported
  • Consistency: 28 of 28 current checks pass
  • Schedules: 5 filed schedules · includes executive pay
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 5 filed money-flow records
  • Related organizations: 51 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Operating margin scored 11/100.
  • High — Sustainability: Total-asset coverage ratio scored 8/100.
  • Review — Accountability: Governance controls: Form 990 shared with the board not reported.
  • High — Sustainability: Liabilities to assets ratio scored 4/100.
  • High — Sustainability: Officer compensation ratio scored 7/100.