Granite Medical Group Inc C/o Atrius Health Inc

Nonprofit profile at a glance

EIN
043341331
IRS 990 coverage
2010–2015
Forms available
Form 990 2015
Location
Newton, MA, USA
Phone
6175598181
Rating
73
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Group Health Practice (Health Maintenance Organizations)

Official website

Reported finances

Revenue
$36,515,106
Expenses
$38,488,544
Assets
$0
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2015. Amounts in USD.

Leadership & pay

26 people listed

Highest reported compensation

  • RALPH A IANNUZZI MD (PHYSICIAN TRUSTEE): $454,466 total reported compensation
  • DANIEL MISHKIN MD (GASTROENTEROLOGIST): $397,809 total reported compensation
  • CHARLES J SCHWARTZ MD (FMR TREASURER; GASTROENTEROLOGIST): $316,782 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2015. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

We care for patients compassionately and effectively, with the highest medical and ethical standards. We build a better future for our communities through teaching, leadership in health care innovation, and philanthropy.

What it reported doing in 2015

The organization provided medical, preventative and other clinical services to its patients through 37,199 patient visits (including 13,009 medicaid and medicare visits). The organization works with the other participating organizations of atrius health, inc. To improve the quality of health care services provided to patients in eastern and central Massachusetts through clinical integration and the implementation of a unified electronic medical record system. The organization participated in educational and training programs for medical students and medical residents and for other healthcare professionals including physician assistants and nurses, such programs included one clinician teacher. The organization conducted clinical research activities which will impact the communities at large.

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. A relatively small share of voting board members are independent and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 83
  • Transparency & Controls: 94
  • Accountability: 58
  • Sustainability: 8
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 95.3%; rating input score 95
  • Program expense ratio: 90.4%; rating input score 90
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 5 of 6 controls in place; rating input score 83
    • Compensation committee: Pass
    • Independent consultant: Pass
    • Other Form 990s reviewed: Missing
    • Written employment contract: Pass
    • 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: Yes; rating input score 100

Accountability

  • Independent voting board: 43.8%; rating input score 44; 8th 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: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -5.4%; rating input score 13; 13th 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: 8.4%; rating input score 19; 19th percentile among comparable filings

Growth

  • Program expense growth: -24.2% per year; rating input score 0; 2nd percentile among comparable filings
  • Revenue growth: -5.4% per year; rating input score 0; 6th percentile among comparable filings
  • Asset growth: -11.4% per year; rating input score 0; 3rd percentile among comparable filings

Details

  • Where the money goes: 95.3% of revenue deployed · 90.4% of spending went to programs
  • Governance: 7 of 16 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $34.8M in reported program spending
  • Leadership: top reported pay $454K · 26 people listed · 5 of 6 pay-setting controls reported
  • Consistency: 28 of 28 current checks pass
  • Schedules: 5 filed schedules · includes executive pay
  • Filing history: 6 filing years from 2010 to 2015
  • Contacts: How to reach this organization
  • Money network: 12 filed money-flow records
  • Related organizations: 14 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 — Accountability: Independent voting board scored 44/100.
  • High — Sustainability: Operating margin scored 13/100.
  • 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: Independent financial-statement audit not reported.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 19/100.