Bornemann Health Corporation
Nonprofit profile at a glance
- EIN
- 232187242
- IRS 990-EZ coverage
- 2017–2024
- Forms available
- Form 990 2016, Form 990-EZ 2024
- Location
- Phoenix, AZ, USA
- Phone
- 3032989100
- Rating confidence
- Limited
- Sector
- Community Health Systems
Reported finances
- Revenue
- $0
- Expenses
- $0
- Assets
- $0
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
1 person listed
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Bornemann health corporation employed hospital-based physicians including anesthesiologists and cardiologists who performed services for patients of st. Joseph regional health network. Bornemann health corporation ceased operations on june 30, 2015 and is in the process of winding down.
What it reported doing in 2024
Bornemann health corporation ("bhc") provided quality, professional medical services to its community in conjunction with, and in support of, st. Joseph regional health network, in reading, Pennsylvania, which is also a 501(c)(3) charitable, tax exempt organization. Bhc provided these services to the citizens of its community without regard to race, creed, sex, national origin, handicap or age. Although reimbursement for services rendered was critical to the operation and stability of bhc, it is recognized that not all individuals possess the ability to pay for essential medical services and medical education. Therefore, in keeping with the commitment of bhc and st. Joseph health network to serve all members of the community, free care and/or subsidized care, care provided to persons covered by government programs at below cost, and health activities and programs to support the community were considered where the need and individual's inability to pay coexisted. Bhc provided the following professional medical services to its community through its duly-licensed physician employees and contractors: anesthesia services, cardio thoracic surgery services, continuing community and medical education services. Bornemann cardiothoracic surgery offered cardiac and thoracic surgery and care to the residents and the surrounding berks county area. The practice provided life saving surgeries such as: coronary artery bypass, aortic and mitro valve replacements, thoracic and repair dissecting aorta artery without regard to race religion, gender, sexual orientation, ability to pay, or insurance plan. Bornemann health corporation ceased operations on june 30, 2015 and is in the process of winding down.
Operating model
- Revenue model
- Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
- Distribution model
- No current program activity. The filing reports no program spending for the current year.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 41
- Sustainability: NotEnoughData
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
Transparency & Controls
- Consistency checks: 50%; rating input score 50; 0th percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: Limited
- Total-asset coverage ratio: Limited
- Liabilities to assets ratio: Limited
- Officer compensation ratio: Limited
Growth
- Program expense growth: Limited
- Revenue growth: -16.9% per year; rating input score 0; 17th percentile among comparable filings
- Asset growth: -22.3% per year; rating input score 0; 9th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment
- Leadership: top reported pay $0 · 1 people listed
- Consistency: 5 of 6 current checks pass · 1 finding to review
- Schedules: 1 filed schedules
- Filing history: 8 filing years from 2017 to 2024
- Contacts: How to reach this organization
- Related organizations: 295 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.
- Moderate — Transparency & Controls: Series filing activity did not reconcile in the filed values.
- High — Growth: Revenue growth scored 0/100.
- High — Growth: Asset growth scored 0/100.