Delray Medical Center Medical Staff Corp

Nonprofit profile at a glance

EIN
455520799
IRS 990 coverage
2019–2024
Forms available
Form 990 2024
Location
Delray Beach, FL, USA
Phone
5614984440
Rating
63
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Professional Societies, Associations

Reported finances

Revenue
$221,975
Expenses
$141,332
Assets
$565,788
Liabilities
$107,600

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

Leadership & pay

24 people listed

Executive titles in this filing

  • Erica Podolsky MD (Vice President)
  • Lon Sadowsky DO (President)

Highest reported compensation

  • Lon Sadowsky DO (President): $20,000 total reported compensation
  • Erica Podolsky MD (Vice President): $14,000 total reported compensation
  • Armen Margaryan MD (Vice Chair of Medicine): $10,000 total reported compensation

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

Overview

Mission

See Schedule O.To provide that all patients admitted to or treated in any of the facilities, clinical services, or departments of the Delray Medical Center shall receive the same level of high quality care, regardless of creed, color, religion, or national origin and in conformance with the optimal achievable standards of the Joint Commission and other accrediting and licensing bodies.

What it reported doing in 2024

Direct Chair(s) & Committee fees or compensation paid for actual supervision and conducting program services for each of organization medical service committees. Compensation is paid annually.Review, monitor and control of medical service procedures and medical staff quality & personnel matters.

Operating model

Revenue model
Earned-program. 69% 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 - The filed numbers largely add up and a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work and a relatively small share of voting board members are independent.

Rating breakdown

  • Financial Efficiency: 60
  • Transparency & Controls: 92
  • Accountability: 28
  • Sustainability: 65
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 55.5%; rating input score 55
  • Program expense ratio: 87.2%; rating input score 87
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 33.3%; rating input score 33; 15th percentile among comparable filings
  • Governance controls: 2 of 9 controls in place; rating input score 22
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 36.3%; rating input score 86; 86th percentile among comparable filings
  • Total-asset coverage ratio: 4; rating input score 75; 75th percentile among comparable filings
  • Liabilities to assets ratio: 0.19; rating input score 20; 20th percentile among comparable filings
  • Officer compensation ratio: 76.1%; rating input score 1; 1st percentile among comparable filings

Growth

  • Program expense growth: -5.5% per year; rating input score 0; 16th percentile among comparable filings
  • Revenue growth: 11.7% per year; rating input score 100; 76th percentile among comparable filings
  • Asset growth: 28.7% per year; rating input score 100; 91st percentile among comparable filings

Details

  • Where the money goes: 55.5% of revenue deployed · 87.2% of spending went to programs
  • Governance: 5 of 15 board members independent · 2 of 9 filing controls reported
  • Programs: 2 filed program accomplishments · $123K in reported program spending
  • Leadership: top reported pay $20K · 24 people listed
  • Consistency: 13 of 13 current checks pass
  • Schedules: 3 filed schedules · includes major donors
  • Filing history: 6 filing years from 2019 to 2024
  • Contacts: How to reach this organization
  • Money network: 24 filed money-flow records
  • 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.

  • Review — Financial Efficiency: Mission deployment rate scored 55/100.
  • Moderate — Accountability: Independent voting board scored 33/100.
  • High — Accountability: Governance controls: 6 of 8 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 1/100.
  • High — Sustainability: Liabilities to assets ratio scored 20/100.