BridgesHome Health Care Inc

Nonprofit profile at a glance

EIN
311511169
IRS 990 coverage
2010–2017
Forms available
Form 990 2017
Location
Cleveland, OH, USA
Phone
2163832222
Rating
78
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Group Health Practice (Health Maintenance Organizations)

Official website

Reported finances

Revenue
$857,486
Expenses
$1,629,853
Assets
$0
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2017. Amounts in USD.

Leadership & pay

21 people listed

Executive titles in this filing

  • WILLIAM FINN (PRESIDENT & CEO)

Highest reported compensation

  • WILLIAM FINN (PRESIDENT & CEO): $422,755 total reported compensation
  • CHARLES V WELLMAN (CHIEF MED OFFICER (1/1-4/10)): $273,479 total reported compensation
  • DANN GANZHORN (MEDICAL DIRECTOR): $246,460 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2017. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Bridgeshome health care utilizes an expert clinical team to meet patient's needs for healing and recovery in the comfort of their home following an illness, accident or surgery. Working closely with the patients' primary care physician, a dedicated team of nurses, social workers, physical therapists and home health aides helps each patient achieve the highest level of independent living.

What it reported doing in 2017

BridgesHome Health Care, Inc strives to carry out each of its patients' individualized physicians plan of care with a full team of skilled professionals that understand how the home can be a safe and healthful place to recuperate. Skilled services include hands-on care and treatments such as wound care, injections and intravenous therapy, education on disease treatment and prevention, and assessments by registered nurses regarding the health and safety of the home. Rehabilitative therapy to restore strength and mobility and improve speech and function in tasks of daily living is provided by physical, occupational and speech therapists. Social workers are also available to evaluate the social and emotional factors affecting the patient and family and identify available community resources. While a patient is receiving any or all of these skilled services, a home health aide may be provided to assist with personal care.

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. Expenses are high relative to revenue and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 84
  • Transparency & Controls: 82
  • Accountability: 95
  • Sustainability: 2
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 85.1%; rating input score 85
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 4 of 6 controls in place; rating input score 67
    • Compensation committee: Pass
    • Independent consultant: Missing
    • 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: 100%; rating input score 100; 63rd 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: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -90.1%; rating input score 1; 1st percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 0; 0th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 22.1%; rating input score 10; 10th percentile among comparable filings

Growth

  • Program expense growth: -10.7% per year; rating input score 0; 8th percentile among comparable filings
  • Revenue growth: -3.6% per year; rating input score 0; 13th percentile among comparable filings
  • Asset growth: 1.1% per year; rating input score 100; 34th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 85.1% of spending went to programs
  • Governance: 3 of 3 board members independent · 8 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $1.4M in reported program spending
  • Leadership: top reported pay $423K · 21 people listed · 4 of 6 pay-setting controls reported
  • Consistency: 24 of 24 current checks pass
  • Schedules: 5 filed schedules · includes executive pay
  • Filing history: 4 filing years from 2010 to 2017
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 2 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 1/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 0/100.
  • Review — Accountability: Governance controls: Other executive compensation review process not reported.
  • High — Sustainability: Officer compensation ratio scored 10/100.