Healthsource of Ohio Inc

Nonprofit profile at a glance

EIN
310884250
IRS 990 coverage
2010–2024
Forms available
Form 990 2024, Form 990-T 2024
Location
Loveland, OH, USA
Phone
5135767700
Rating
83
Verdict
STRONG
Rating confidence
Moderate

Official website

Reported finances

Revenue
$73,560,228
Expenses
$74,513,091
Assets
$109,186,372
Liabilities
$11,004,517

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

Leadership & pay

28 people listed

Executive titles in this filing

  • Joseph Prather (PRESIDENT AND CHIEF EXECUTIVE OFFICER - TERM STARTED)
  • KIMBERLY PATTON (PRESIDENT AND CHIEF EXECUTIVE OFFICER - TERM ENDED)
  • MARY BRIDGET FOSSETT (VICE PRESIDENT OF CLINICAL OPERATIONS - TERM ENDED)
  • STEVEN STRATHMANN (VICE PRESIDENT OF PHILANTHROPY - TERM ENDED)

Highest reported compensation

  • KIMBERLY PATTON (PRESIDENT AND CHIEF EXECUTIVE OFFICER - TERM ENDED): $511,184 total reported compensation
  • Joseph Prather (PRESIDENT AND CHIEF EXECUTIVE OFFICER - TERM STARTED): $450,281 total reported compensation
  • SHERRY JOHNSON (PHYSICIAN - OB/GYN): $415,165 total reported compensation

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

Overview

Mission

Healthsource of Ohio is a nonprofit primary care organization consisting of medical, dental, vision and mental health services. We seek to bring to the people of southwest Ohio a comprehensive, exceptional quality of healthcare that responds to the needs of the community.

What it reported doing in 2024

Federal community health centers providing medical, dental, vision, pharmacy, and mental health visits.

Operating model

Revenue model
Other-operating. 83% 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

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 75
  • Transparency & Controls: 88
  • Accountability: 100
  • Sustainability: 36
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 85.3%; rating input score 85
  • Program expense ratio: 83.6%; rating input score 84
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
  • Pay-setting controls: 3 of 6 controls in place; rating input score 50
    • Compensation committee: Missing
    • Independent consultant: Missing
    • 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: 100%; rating input score 100; 77th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 100%; rating input score 100; 77th 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: -1.3%; rating input score 21; 21st percentile among comparable filings
  • Total-asset coverage ratio: 1.47; rating input score 52; 52nd percentile among comparable filings
  • Liabilities to assets ratio: 0.1; rating input score 82; 82nd percentile among comparable filings
  • Officer compensation ratio: 6.9%; rating input score 8; 8th percentile among comparable filings

Growth

  • Program expense growth: 7.4% per year; rating input score 100; 60th percentile among comparable filings
  • Revenue growth: 6.1% per year; rating input score 100; 53rd percentile among comparable filings
  • Asset growth: 9.4% per year; rating input score 100; 67th percentile among comparable filings

Details

  • Where the money goes: 85.3% of revenue deployed · 83.6% of spending went to programs
  • Governance: 9 of 9 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $62.3M in reported program spending
  • Leadership: top reported pay $511K · 28 people listed · 3 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $2.4M reported
  • Consistency: 46 of 46 current checks pass
  • Schedules: 8 filed schedules · includes major donors, grants, executive pay, and related organizations
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 17 filed money-flow records
  • Related organizations: 3 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 21/100.
  • Review — Sustainability: Total-asset coverage ratio scored 52/100.
  • High — Sustainability: Officer compensation ratio scored 8/100.