Reach Medical Pllc
Nonprofit profile at a glance
- EIN
- 823284560
- IRS 990 coverage
- 2018–2024
- Forms available
- Form 990 2024
- Location
- Ithaca, NY, USA
- Phone
- 6072737000
- Rating
- 66
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Health Treatment Facilities, Primarily Outpatient
Reported finances
- Revenue
- $245,774
- Expenses
- $65,637
- Assets
- $1,262,675
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
14 people listed
Executive titles in this filing
- JUSTINE WALDMAN MD (President & CEO)
Highest reported compensation
- JUSTINE WALDMAN MD (President & CEO): $207,217 total reported compensation
- SAMARA TOUCHTON (NURSE PRACTITIONER): $176,080 total reported compensation
- ROBIN JOHNSON (PHYSICIAN): $145,607 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The reach medical, pllc is a professional limited liability company, the sole member of which is justine waldman, m.d., a board certified emergency medicine physician. Under membership interest control agreement, dr. Waldman has transfered all her membership interest in and control of reach medical to the reach project, a 501(c)3 exempt organization. Reach is a health equity organization which aims to provide respectful, equitable access to compassionate healthcare, particularly for dividuals who are vulnerable. Reach provides treatment for individuals with substance use disorder (sud), behavioral health needs, primary care, treatment and testing for hepatitis c and HIV. Reach also provides medical outreach to individuals who are experiencing homelessness or housing instability. All services provided by reach are stigmafree and compassionate, and no individual will be turned away due to their inability to pay for services.
What it reported doing in 2024
Providing respectful, equitable access to compassionate healthcare ("r.e.a.c.h.") without judgement and with compassion, for individuals addicted to opiods, treatment of individuals in connection with acute intoxication stabilization, medical cannabis treatment, treatment for hepatitis c, preparatory treatment for patients at risk of contracting HIV and primary care.
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 - 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 program spending has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 48
- Transparency & Controls: 71
- Accountability: 100
- Sustainability: 83
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 26.7%; rating input score 27
- Program expense ratio: 100%; rating input score 100
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: 2 of 6 controls in place; rating input score 33
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Pass
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 8 of 8 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: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 73.3%; rating input score 97; 97th percentile among comparable filings
- Total-asset coverage ratio: 19.24; rating input score 95; 95th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 80; 80th percentile among comparable filings
- Officer compensation ratio: 83.5%; rating input score 1; 1st percentile among comparable filings
Growth
- Program expense growth: -33.9% per year; rating input score 0; 3rd percentile among comparable filings
- Revenue growth: -25.5% per year; rating input score 0; 2nd percentile among comparable filings
- Asset growth: 26.2% per year; rating input score 100; 89th percentile among comparable filings
Details
- Where the money goes: 26.7% of revenue deployed · 100% of spending went to programs
- Governance: 8 of 8 board members independent · 8 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $66K in reported program spending
- Leadership: top reported pay $207K · 14 people listed · 2 of 6 pay-setting controls reported
- Consistency: 12 of 12 current checks pass
- Schedules: 5 filed schedules · includes executive pay
- Filing history: 7 filing years from 2018 to 2024
- Contacts: How to reach this organization
- Related organizations: Filed and resolved organization relationships.
- 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Mission deployment rate scored 27/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Officer compensation ratio scored 1/100.