Primehealth Inc

Nonprofit profile at a glance

EIN
341778204
IRS 990 coverage
2010–2020
Forms available
Form 990 2020
Location
Shaker Heights, OH, USA
Phone
4403541991
Rating
72
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Health - General and Rehabilitative N.E.C.

Official website

Reported finances

Revenue
$30,763,562
Expenses
$30,763,562
Assets
$18,293,696
Liabilities
$18,293,696

Source: IRS Form 990. Selected filing: tax year 2020. Amounts in USD.

Leadership & pay

15 people listed

Highest reported compensation

  • DR SCOTT ZIMMER (PHYSICIAN): $1,163,071 total reported compensation
  • DR PATRICK HUCK (PHYSICIAN): $671,338 total reported compensation
  • DR AVIV BEN-MEIR (PHYSICIAN): $648,442 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2020. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Primehealth, inc., dba lake health physician group, is a physician network in northeast Ohio comprised of primary care and specialty physicians providing high quality personalized medical care.

What it reported doing in 2020

Primehealth, inc., dba lake health physician group ("lhpg"), was formed to render professional services of physicians, licensed to practice medicine in the state of Ohio, to the residents of lake county and the surrounding communities. Lhpg was also organized with the purpose of furthering the charitable purpose of lake hospital system, inc., dba lake health. In keeping with the mission and commitment to the community held by lake health, lhpg physicians provide conveniently located primary health care access to the area's residents through pediatric, obstetric/gynecology, internal medicine, integrative medicine, pulmonology, endocrinology, rheumotology, and family practice services, as well as specialized care in the area of general, orthopedic, cardiac and bariatric surgery. In addition to providing local access to health care, lhpg physicians provide a wide array of health care information to residents in the community. This information, delivered through a variety of media, is designed to educate and enhance the health and wellness of the community. The listing below contains a sampling of the information provided by lhpg physicians: women's health conference speakernews-herald health talk articlesspeaking engagements at local schoolslectures at local businessesparenting classes at tripoint medical center and west medical centerall information is provided to the community at no cost.

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 some related-organization disclosures are missing.

Rating breakdown

  • Financial Efficiency: 89
  • Transparency & Controls: 77
  • Accountability: 37
  • Sustainability: 17
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 100%; rating input score 100
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 90.9%; rating input score 91; 4th percentile among comparable filings
  • Pay-setting controls: 4 of 6 controls in place; rating input score 67
    • Compensation committee: Pass
    • Independent consultant: Pass
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • 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: No; rating input score 0

Accountability

  • Independent voting board: 0%; rating input score 0; 3rd percentile among comparable filings
  • Governance controls: 8 of 9 controls in place; rating input score 89
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • 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: 0%; rating input score 21; 21st percentile among comparable filings
  • Total-asset coverage ratio: 0.59; rating input score 21; 21st percentile among comparable filings
  • Liabilities to assets ratio: 1; rating input score 6; 6th percentile among comparable filings
  • Officer compensation ratio: 19.5%; rating input score 4; 4th percentile among comparable filings

Growth

  • Program expense growth: 3.5% per year; rating input score 100; 43rd percentile among comparable filings
  • Revenue growth: 4.5% per year; rating input score 100; 47th percentile among comparable filings
  • Asset growth: 13.7% per year; rating input score 100; 79th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 100% of spending went to programs
  • Governance: 0 of 6 board members independent · 8 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $30.8M in reported program spending
  • Leadership: top reported pay $1.2M · 15 people listed · 4 of 6 pay-setting controls reported
  • Consistency: 17 of 18 current checks pass · 1 finding to review
  • Schedules: 5 filed schedules · includes executive pay
  • Filing history: 11 filing years from 2010 to 2020
  • Contacts: How to reach this organization
  • Money network: 12 filed money-flow records
  • Related organizations: 12 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 — Accountability: Independent voting board scored 0/100.
  • High — Transparency & Controls: Related-party transparency scored 0/100.
  • High — Sustainability: Operating margin scored 21/100.
  • High — Sustainability: Total-asset coverage ratio scored 21/100.
  • Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
  • Review — Accountability: Governance controls: Other executive compensation review process not reported.
  • High — Sustainability: Officer compensation ratio scored 4/100.
  • High — Sustainability: Liabilities to assets ratio scored 6/100.