Atlanticare Physician Group Pa
Nonprofit profile at a glance
- EIN
- 020701782
- IRS 990 coverage
- 2011–2024
- Forms available
- Form 990 2024
- Location
- Egg Harbor Township, NJ, USA
- Phone
- 6095697031
- Rating
- 75
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Group Health Practice (Health Maintenance Organizations)
Reported finances
- Revenue
- $307,630,191
- Expenses
- $309,766,827
- Assets
- $55,351,495
- Liabilities
- $54,206,892
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
13 people listed
Highest reported compensation
- KIRK MCMURTRY MD (PHYSICIAN): $1,262,044 total reported compensation
- HAK J KIM (TRUSTEE - TREASURER): $1,144,426 total reported compensation
- Samir M Patel MD (PHYSICIAN): $1,111,055 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The organization serves as the physician services component of atlanticare health system, inc. And affiliates and provides medically necessary healthcare services in furtherance of the charitable purposes of atlanticare regional medical center; a related internal revenue code section 501(c)(3) tax-exempt organization which provides medically necessary healthcare services to all individuals in a non-discriminatory manner regardless of race, color, creed, sex, national origin or ability to pay. Please refer to the organization's community benefit statement included in schedule o.
What it reported doing in 2024
Expenses incurred in serving as the physician services component of atlanticare health system, inc. And affiliates and acting in furtherance of the charitable purposes of atlanticare regional medical center; a related internal revenue code section 501(c)(3)tax-exempt organization which provides medically necessary healthcare services to all individuals in a non-discriminatory manner regardless of race, color, creed, sex, national origin or ability to pay.
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 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. A relatively small share of voting board members are independent and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 80
- Transparency & Controls: 88
- Accountability: 53
- Sustainability: 19
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 90.4%; rating input score 90
- Program expense ratio: 90%; rating input score 90
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
- Pay-setting controls: 5 of 6 controls in place; rating input score 83
- Compensation committee: Pass
- Independent consultant: Pass
- Other Form 990s reviewed: Pass
- Written employment contract: Missing
- Compensation survey or study: Pass
- 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: 20%; rating input score 20; 9th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- 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: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -0.7%; rating input score 23; 23rd percentile among comparable filings
- Total-asset coverage ratio: 0.18; rating input score 5; 5th percentile among comparable filings
- Liabilities to assets ratio: 0.98; rating input score 8; 8th percentile among comparable filings
- Officer compensation ratio: 2.4%; rating input score 48; 48th percentile among comparable filings
Growth
- Program expense growth: 14.4% per year; rating input score 100; 86th percentile among comparable filings
- Revenue growth: 16.9% per year; rating input score 100; 91st percentile among comparable filings
- Asset growth: 12.5% per year; rating input score 100; 80th percentile among comparable filings
Details
- Where the money goes: 90.4% of revenue deployed · 90% of spending went to programs
- Governance: 1 of 5 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $278.8M in reported program spending
- Leadership: top reported pay $1.3M · 13 people listed · 5 of 6 pay-setting controls reported
- Highest-paid contractors: 1 contractor listed · $14.7M reported
- Consistency: 30 of 30 current checks pass
- Schedules: 5 filed schedules · includes executive pay
- Filing history: 10 filing years from 2011 to 2024
- Contacts: How to reach this organization
- Money network: 7 filed money-flow records
- Related organizations: 18 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 — Accountability: Independent voting board scored 20/100.
- High — Sustainability: Operating margin scored 23/100.
- High — Sustainability: Total-asset coverage ratio scored 5/100.
- High — Sustainability: Liabilities to assets ratio scored 8/100.
- Moderate — Sustainability: Officer compensation ratio scored 48/100.