Circle Health Physicians Inc

Nonprofit profile at a glance

EIN
273902914
IRS 990 coverage
2010–2024
Forms available
Form 990 2024, Form 990-T 2024
Location
Lowell, MA, USA
Phone
9789376000
Rating
68
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Single Organization Support

Reported finances

Revenue
$91,842,223
Expenses
$115,882,604
Assets
$31,989,721
Liabilities
$30,378,709

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

Leadership & pay

11 people listed

Executive titles in this filing

  • AMY HOEY (PRESIDENT, EVP/COO)
  • JOSEPH WHITE (FMR. PRESIDENT/CEO)

Highest reported compensation

  • JOSEPH WHITE (FMR. PRESIDENT/CEO): $2,050,443 total reported compensation
  • ANDREW DEVOE (TREASURER/CFO): $1,148,895 total reported compensation
  • MICHAEL BERTOS (PHYSICIAN): $1,089,365 total reported compensation

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

Overview

Mission

It shall be the purpose of the corporation to undertake to monitor and coordinate the activities of the hospital and supported organizations; to provide support services and individuals to provide support services to the hospital and supported organizations; to coordinate physician services to the hospital and supported organizations; and generally to improve the efficiency and effectiveness of the hospital and supported organizations through coordinated efforts, in achieving their different individual exempt purposes.

What it reported doing in 2024

Circle health urgent care facilities are located in billerica, dracut, tewksbury and westford Massachusetts. Circle health's urgent care centers provide walk-in, urgent care for non-life threatening conditions and other ailments that require prompt medical attention. They offer occupational medicine services and travel medicine for those traveling abroad. Unlike many other urgent care clinics, our urgent care centers are staffed with experienced urgent care physicians from merrimack valley emergency associates who are available onsite during operating hours. All locations serve children, adolescents, adult and older adult patients with convenient, accessible care without an appointment.

Operating model

Revenue model
Other-operating. 91% 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. A relatively small share of voting board members are independent and few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence.

Rating breakdown

  • Financial Efficiency: 86
  • Transparency & Controls: 67
  • Accountability: 42
  • Sustainability: 8
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 91.7%; rating input score 92
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Yes; rating input score 100

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
    • 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: -26.2%; rating input score 3; 3rd percentile among comparable filings
  • Total-asset coverage ratio: 0.28; rating input score 9; 9th percentile among comparable filings
  • Liabilities to assets ratio: 0.95; rating input score 9; 9th percentile among comparable filings
  • Officer compensation ratio: 4.3%; rating input score 22; 22nd percentile among comparable filings

Growth

  • Program expense growth: 9.9% per year; rating input score 100; 74th percentile among comparable filings
  • Revenue growth: 9.5% per year; rating input score 100; 75th percentile among comparable filings
  • Asset growth: 11.8% per year; rating input score 100; 77th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 91.7% of spending went to programs
  • Governance: 0 of 2 board members independent · 9 of 9 filing controls reported
  • Programs: 7 filed program accomplishments · $106.3M in reported program spending
  • Leadership: top reported pay $2.1M · 11 people listed · 0 of 6 pay-setting controls reported
  • Highest-paid contractors: 4 contractors listed · $579K reported
  • Consistency: 27 of 27 current checks pass
  • Schedules: 5 filed schedules · includes executive pay and related organizations
  • Filing history: 15 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 5 filed money-flow records
  • Related organizations: 61 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 0/100.
  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • High — Sustainability: Operating margin scored 3/100.
  • High — Sustainability: Total-asset coverage ratio scored 9/100.
  • High — Sustainability: Liabilities to assets ratio scored 9/100.
  • High — Sustainability: Officer compensation ratio scored 22/100.