Pediatric Specialty Group Inc
Nonprofit profile at a glance
- EIN
- 463756071
- IRS 990 coverage
- 2015–2020
- Forms available
- Form 990 2020, Form 990-N 2013
- Location
- Miami, FL, USA
- Phone
- 3056666511
- Rating
- 66
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Hospital, Specialty
Reported finances
- Revenue
- $58,299,031
- Expenses
- $90,896,292
- Assets
- $0
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2020. Amounts in USD.
Leadership & pay
30 people listed
Source: IRS Form 990. Selected filing: tax year 2020. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Pediatric Specialty Group, Inc. (d/b/a Nicklaus Children's Pediatric Specialists ("NCPS")) IS A PHYSICIAN-DIRECTED, MULTI-SPECIALTY PEDIATRIC GROUP WITH A REGIONAL, NATIONAL, AND INTERNATIONAL PRESENCE IN PROVIDING PEDIATRIC-CENTRIC CARE THROUGH A COLLABORATIVE TEAM APPROACH, EXCELLENCE IN CLINICAL CARE, EDUCATION, AND RESEARCH. (Continued on Schedule O)
What it reported doing in 2020
In 2020, nicklaus children's pediatric specialists employed 251 providers to support the ongoing functions of nicklaus children's health system and nicklaus children's hospital in the following sub-specialties: adolescent medicine, allergy/immunology, cardiology, cardiovascular surgery, clinical genetics and metabolism, critical care medicine, emergency medicine, endocrinology, gastroenterology, general pediatrics, infectious diseases, maternal fetal, nephrology, neuropsychology, neurosurgery, nutrition, ophthalmology, orthopedics, otolaryngology, plastic and reconstructive surgery, psychiatry, physiatry and psychology, radiology/sedation and rheumatology. (continued on schedule o)
Operating model
- Revenue model
- Other-operating. 97% 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. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and a relatively small share of voting board members are independent.
Rating breakdown
- Financial Efficiency: 82
- Transparency & Controls: 65
- Accountability: 47
- Sustainability: 1
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 80%; rating input score 80
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 67th 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: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 25%; rating input score 25; 10th 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: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -55.9%; rating input score 1; 1st 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: 14.8%; rating input score 1; 1st percentile among comparable filings
Growth
- Program expense growth: 2.5% per year; rating input score 100; 29th percentile among comparable filings
- Revenue growth: 1.4% per year; rating input score 100; 16th percentile among comparable filings
- Asset growth: -12% per year; rating input score 0; 1st percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 80% of spending went to programs
- Governance: 5 of 20 board members independent · 7 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $72.7M in reported program spending
- Leadership: top reported pay $2M · 30 people listed · 0 of 6 pay-setting controls reported
- Highest-paid contractors: 3 contractors listed · $1.4M reported
- Consistency: 23 of 23 current checks pass
- Schedules: 7 filed schedules · includes major donors and executive pay
- Filing history: 6 filing years from 2015 to 2020
- Contacts: How to reach this organization
- Money network: 19 filed money-flow records
- Related organizations: 11 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.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- High — Accountability: Independent voting board scored 25/100.
- High — Sustainability: Operating margin scored 1/100.
- Review — Accountability: Governance controls: 2 of 9 not reported.
- High — Sustainability: Total-asset coverage ratio scored 0/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Officer compensation ratio scored 1/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.