Sch Professional Corporation

Nonprofit profile at a glance

EIN
341764515
IRS 990 coverage
2013–2024
Forms available
Form 990 2024, Form 990-T 2024
Location
Salem, OH, USA
Phone
3303327214
Rating
75
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Ambulatory Health Center, Community Clinic

Reported finances

Revenue
$11,420,912
Expenses
$22,783,938
Assets
$3,551,092
Liabilities
$3,142,916

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

Leadership & pay

12 people listed

Executive titles in this filing

  • Dr Anita Hackstedde MD (Director/CEO)

Highest reported compensation

  • Dr Peter Apicella (Physician): $1,682,154 total reported compensation
  • Dr Dominic Peters (Physician): $1,236,784 total reported compensation
  • Dr Igor Genkin (Physician): $683,893 total reported compensation

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

Overview

Mission

As a subsidiary of Salem Regional Medical Center ("the Medical Center"), the purpose of the SCH Professional Corporation is to provide a corporate structure for effectively attracting and retaining physicians to support the mission of the Medical Center and to meet community need by providing a diverse geographic and/or multi-specialty base of services. Prior to the affiliation and/or opening of the SCH Professional Corporation offices, access to these respective healthcare providers was lacking; the services were available only in a reduced capacity; and/or the communities were experiencing difficulty in recruiting and retaining medical practitioners, resulting in gaps in medical treatment or barriers to access.

What it reported doing in 2024

The SCH Professional Corporation's 19 outpatient practices provide primary and specialty healthcare services to residents within Salem Regional Medical Center's Service Area. During fiscal year 2025, 38,137 primary care evaluation and management services were provided by 11 primary care physicians and 3 physician extenders. Also during 2025, 25,130 specialty care patient services were provided by 18 specialists and 5 physician extenders in gastroenterology, general surgery, plastic surgery, neurology, otolaryngology and orthopedics. In support of its community outreach commitment, the SCH Professional Corporation's outpatient practices provide charity care and financial assistance for healthcare services delivered, in accordance with the patient's financial need and the guidelines specified in the charity care policy. In fiscal year 2025 , charity care and financial assistance provided to patients seeking services through the SCH Professional Corporation practices totaled $108,301. It should also be noted that the SCH Professional Corporation primary care practices serve as one of the few sources of primary care for Medicaid patients within the Medical Center's Service Area. Beyond providing charity care, the SCH Professional Corporation seeks opportunities to further its tax-exempt purpose and community benefit initiatives by providing a wide variety of community health services, screenings and educational outreach services, designed to improve the community's health status and access to health resources. Examples of these events offered through the SCH Professional Corporation include, but are not limited to: staff and physician educational resources provided free of charge to the community; and reduced cost preventative screenings, e.g. cholesterol/lipid density. To increase regional access to outreach services for people of all ages, many of the medical educational programs, screenings and health fairs are provided in outlying regions of the service area in collaborative partnerships with local school districts, civic and community organizations, faith-based organizations, and area businesses. In partnership with Salem Regional Medical Center, our providers participated in various activities to support the organization.

Operating model

Revenue model
Other-operating. 100% 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 expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 86
  • Transparency & Controls: 60
  • Accountability: 86
  • Sustainability: 3
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 89.7%; rating input score 90
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd 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: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 83.3%; rating input score 83; 17th 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: -99.5%; rating input score 0; 0th percentile among comparable filings
  • Total-asset coverage ratio: 0.16; rating input score 3; 3rd percentile among comparable filings
  • Liabilities to assets ratio: 0.89; rating input score 11; 11th percentile among comparable filings
  • Officer compensation ratio: 21%; rating input score 3; 3rd percentile among comparable filings

Growth

  • Program expense growth: 6.7% per year; rating input score 100; 54th percentile among comparable filings
  • Revenue growth: 2.3% per year; rating input score 100; 20th percentile among comparable filings
  • Asset growth: 12.7% per year; rating input score 100; 75th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 89.7% of spending went to programs
  • Governance: 5 of 6 board members independent · 8 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $20.4M in reported program spending
  • Leadership: top reported pay $1.7M · 12 people listed · 0 of 6 pay-setting controls reported
  • Highest-paid contractors: 3 contractors listed · $682K reported
  • Consistency: 23 of 23 current checks pass
  • Schedules: 6 filed schedules · includes executive pay
  • Filing history: 12 filing years from 2013 to 2024
  • Contacts: How to reach this organization
  • Money network: 5 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 — Transparency & Controls: Pay-setting controls scored 0/100.
  • High — Sustainability: Operating margin scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 3/100.
  • Review — Accountability: Governance controls: Other executive compensation review process not reported.
  • High — Sustainability: Officer compensation ratio scored 3/100.
  • High — Sustainability: Liabilities to assets ratio scored 11/100.