Petersburg Medical Center
Nonprofit profile at a glance
- EIN
- 926001607
- IRS 990 coverage
- 2009–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024
- Location
- Petersburg, AK, US
- Phone
- 907-772-4291
- Rating
- 67
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Government and Public Administration
Reported finances
- Revenue
- $44,343,967
- Expenses
- $29,103,660
- Assets
- $54,031,497
- Liabilities
- $25,064,357
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
11 people listed
Executive titles in this filing
- Jerod Cook (President)
- Philip Hofstetter (CEO)
Highest reported compensation
- Cortney Hess (Chief Medical Officer): $324,450 total reported compensation
- Philip Hofstetter (CEO): $229,795 total reported compensation
- Jennifer Bryner (Chief Nursing Officer): $167,542 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Excellence in healthcare services and the promotion of wellness in our community.
What it reported doing in 2024
Joy Janssen Clinic is staffed with four physicians, a mid-level practitioner, mental health specialist, chiropractor, and audiologist. Services include wellness and chronic disease monitoring (diabetes, hypertension, cardiac, stroke), medication assisted treatment, chiropractor, audiology, telemedicine services with ENT, psychiatry and dietician consultation. Besides family planning, infertility, pediatric care, and annual wellness exams, the practitioners also provide follow up care coordinated with offsite specialists for cardiac, stroke, bariatric surgery, and cancer care. Diagnostic imaging provides CT, ultrasound, DEXA scans and mammography. Laboratory is a moderate and high complex CLIA certified laboratory offering PCR testing for infectious diseases, microbiology, and transfusion services in addition to the traditional diagnostic capabilities.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- 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 most voting board members are independent. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 45
- Transparency & Controls: 80
- Accountability: 82
- Sustainability: 71
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 41.5%; rating input score 42
- Program expense ratio: 63.5%; rating input score 64
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 92.9%; rating input score 93; 10th 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: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
- Governance controls: 5 of 9 controls in place; rating input score 56
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 34.4%; rating input score 90; 90th percentile among comparable filings
- Total-asset coverage ratio: 1.86; rating input score 59; 59th percentile among comparable filings
- Liabilities to assets ratio: 0.46; rating input score 31; 31st percentile among comparable filings
- Officer compensation ratio: 3%; rating input score 68; 68th percentile among comparable filings
Growth
- Program expense growth: 5.7% per year; rating input score 100; 47th percentile among comparable filings
- Revenue growth: 8.5% per year; rating input score 100; 67th percentile among comparable filings
- Asset growth: 10.1% per year; rating input score 100; 65th percentile among comparable filings
Details
- What they do: 3 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: 41.5% of revenue deployed · 63.5% of spending went to programs
- Governance: 7 of 7 board members independent · 5 of 9 filing controls reported
- Programs: 3 filed program accomplishments · $18.5M in reported program spending
- Leadership: top reported pay $324K · 11 people listed · 3 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $11.4M reported
- Consistency: 23 of 24 current checks pass · 1 finding to review
- Schedules: 7 filed schedules · includes major donors and executive pay
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 4 filed money-flow records
- Related organizations: 2 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 — Financial Efficiency: Mission deployment rate scored 42/100.
- Review — Accountability: Governance controls: 3 of 8 not reported.
- Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
- Review — Sustainability: Total-asset coverage ratio scored 59/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 31/100.