Spectrum Health Primary Care Partners

Nonprofit profile at a glance

EIN
381358164
IRS 990 coverage
2009–2012
Forms available
Form 990 2012
Location
Grand Rapids, MI, USA
Phone
6167747322
Rating confidence
Limited
Sector
Community Health Systems

Official website

Reported finances

Revenue
$391,652,508
Expenses
$389,126,360
Assets
$126,145,891
Liabilities
$111,281,363

Source: IRS Form 990. Selected filing: tax year 2012. Amounts in USD.

Leadership & pay

39 people listed

Source: IRS Form 990. Selected filing: tax year 2012. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To improve the health of the communities we serve.

What it reported doing in 2012

Spectrum health primary care partners, d/b/a spectrum health medical group (shmg), provides clinical, teaching, research and administrative physician services. These services are provided in ambulatory practices, inpatient settings, and teaching environments. Shmg brings together the finest physicians and medical resources to give patients the best health outcomes and the highest level of service. With over 700 providers, 30 medical specialties and more than 70 service sites, shmg is the region's largest multispecialty medical group. From family medicine to specialized care, from annual health checkups to complex surgery and medical management, shmg offers patients a medical home for a lifetime of care and wellness. The group has made convenience and access for patients important parts of its health care delivery. Additionally, the high caliber medical professionals at shmg thrive on collaborative research and medical education. Shmg is deeply committed to advancing patient care and building a sustainable health care system for current and future generations.

Operating model

Revenue model
Other-operating. 92% of the money available for current operations came from other operating revenue.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 95
  • Accountability: 37
  • Sustainability: 21
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
  • Pay-setting controls: 5 of 6 controls in place; rating input score 83
    • Compensation committee: Pass
    • Independent consultant: Pass
    • 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: 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: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Fail
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 0.6%; rating input score 31; 31st percentile among comparable filings
  • Total-asset coverage ratio: 0.32; rating input score 12; 12th percentile among comparable filings
  • Liabilities to assets ratio: 0.88; rating input score 13; 13th percentile among comparable filings
  • Officer compensation ratio: 4.8%; rating input score 15; 15th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 41.4% per year; rating input score 100; 98th percentile among comparable filings
  • Asset growth: 33% per year; rating input score 100; 96th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 0 of 15 board members independent · 8 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $350.7M in reported program spending
  • Leadership: top reported pay $1.8M · 39 people listed · 5 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed
  • Consistency: 28 of 28 current checks pass
  • Schedules: 7 filed schedules · includes major donors and executive pay
  • Filing history: 4 filing years from 2009 to 2012
  • Related organizations: 4 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.
  • Moderate — Sustainability: Operating margin scored 31/100.
  • High — Sustainability: Total-asset coverage ratio scored 12/100.
  • Review — Accountability: Governance controls: Audit committee oversight not reported.
  • High — Sustainability: Liabilities to assets ratio scored 13/100.
  • High — Sustainability: Officer compensation ratio scored 15/100.