Concordia Medical Equipment

What it reported doing in 2024

Concordia Medical Equipment is a durable medical equipment supplier with a focus to sell and/or rent medical equipment and supplies to benefit patients under the care of related organizations as designated in Schedule R of the Internal Revenue Service Federal Form 990, as well as patients in the community. There are currently 15 campuses in Pennsylvania in which patients and/or residents are supported with a goal of aging-in-place throughout the continuing care retirement community (CCRC) campuses of the related organizations. Concordia Medical Equipment's purposes and activities focus on supporting individuals, in its effort to provide care to the approximately 50,000 patients that are served annually in Pennsylvania. This includes benevolent care to persons unable to pay. For fiscal year ending 06/30/2025, benevolent care was provided. For the fiscal year ending June 30, 2025 represented on this return, over $2.6 million in sales and rental revenue was from related organizations, which is 83% of the total sales and rental revenue. Of the $2.6 million revenue from related organizations, over half (51%) of revenues are derived from hospice-related services provided to patients of four 501(c)(3) non-profit hospice agencies in Pennsylvania: Good Samaritan Hospice of Pittsburgh, Concordia Hospice of Washington, Visiting Nurse Association of Indiana County, dba VNA Family Hospice and Concordia Hospice of Bethlen. Concordia Medical Equipment also works with home health agencies when patients are receiving palliative care due to a diagnosis of a life-threatening illness. The goal is to facilitate a strong program that fosters compassionate transitions from nursing to hospice services by fulfilling equipment needs. It is important to allow patients with an end-of-life diagnosis to be able to remain in their homes as long as possible. Concordia Medical Equipment offers durable medical equipment for both rental and purchase including products related to beds and pressure relieving mattresses, mobility, bath safety, aids to daily living and respiratory care. The customer care team assists in facilitating the order process and works closely with physicians, insurers and other members of the healthcare team to assure each patient receives the equipment needed to keep them safe in their homes. In May 2024, Concordia Medical Equipment introduced Negative Pressure Wound Therapy (NPWT) products as a new product offering. Throughout the 2024/2025 fiscal year Concordia Medical Equipment continued to develop the NPWT program and by the end of the period was providing this technology to all of Concordia's Pennsylvania based skilled nursing facilities. Concordia Medical Equipment meets all current Medicare participation requirements and as such is accredited by the Accreditation Commission for Health Care (ACHC). ACHC is a non-profit accreditation organization with Medicare deemed status for surveying Home Health, Hospice, and DME providers. ACHC accreditation allows Concordia Medical Equipment to service beneficiaries who use both traditional Medicare and Medicare Advantage plans as their primary health insurance. The agency continued to provide education in the community by discussing appropriate home medical equipment topics related to hospital discharge procedures, short-term rehabilitation, patient safety and oxygen safety within the home. Total donations for the fiscal year were $455,107. Donations made during the year include a donation of $405,000 to Concordia Lutheran Ministries Parent. $45,000 to the Concordia Lutheran Ministries Foundation Good Samaritan Endowment Fund to be used to provide care to patients with limited or depleted funds. As a part of the Hurricane Helene recovery effort, CME made a donation to the Community Foundation of Western North Carolina for $5,000. These funds were earmarked for immediate emergency relief needs. A donation of a basket was given to support the Concordia at the Orchard Applefest $107. Total sponso

Financial Efficiency

• Mission deployment rate: 72.3%; rating input score 72
• Program expense ratio: 76.9%; rating input score 77
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 92.3%; rating input score 92; 10th percentile among comparable filings
• Pay-setting controls: 2 of 6 controls in place; rating input score 33
  • Compensation committee: Missing
  • Independent consultant: Missing
  • Other Form 990s reviewed: Missing
  • Written employment contract: Missing
  • Compensation survey or study: Pass
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: 98.9%; rating input score 99; 36th percentile among comparable filings
• Major donor itemization: Limited
• Related-party transparency: Limited

Accountability

• Independent voting board: 0%; rating input score 0; 3rd percentile among comparable filings
• Governance controls: 7 of 9 controls in place; rating input score 78
  • 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: Fail
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 6.2%; rating input score 54; 54th percentile among comparable filings
• Total-asset coverage ratio: 0.57; rating input score 20; 20th percentile among comparable filings
• Liabilities to assets ratio: 0.27; rating input score 37; 37th percentile among comparable filings
• Officer compensation ratio: 10.8%; rating input score 27; 27th percentile among comparable filings

Growth

• Program expense growth: 6.5% per year; rating input score 100; 48th percentile among comparable filings
• Revenue growth: 2.9% per year; rating input score 100; 26th percentile among comparable filings
• Asset growth: 4.5% per year; rating input score 100; 32nd percentile among comparable filings