Spectrum Health Services

What it reported doing in 2024

Spectrum helth services, inc. Provides both medical and clinical services to patients regardless of ability to pay.medical services: spectrum health services, inc. Has provided health care services that are responsive to community needs for over 57 years. Spectrum's model of care provides for all ages and for the complexity of medical and social issues experienced by the patients served, regardless of age, race, religion, and/or ability to pay.the haverford ave, broad street, reed street, and cottman health centers provide primary and preventive services, including infant, child and adolescent services, and family planning services, services related to chronic illness, diagnostic testing and screening through an on-site clia laboratory, hearing and vision testing, prescription assistance and referrals, and children's oral health screening on-site. Spectrum health services saw patients with 45,182 visits.clinical services: spectrum's core medical services are supported with programs and services for adolescent health, geriatric health, HIV/AIDS outreach and primary care and specialized case management services for people with diabetes, cardiovascular problems, hypertension, and asthma. Behavioral health services are embedded in primary care and referrals are made for dental health care for adults and children. Nutrition and health education are provided by a registered nutritionist and certified health educator in conjunction with the primary care providers. Dietitian services are available for patients requiring this service. Shs' site has a level 2 laboratory that performs in-house clia testing. Shs clinical staff are on call 24 hours, 7 days a week. Enabling services are provided through the case management department. Spectrum also has two pharmacies operating out of our haverford and cottman locations, available to all patients. Spectrum health services saw patients with 4,059 visits.

Financial Efficiency

• Mission deployment rate: 86.8%; rating input score 87
• Program expense ratio: 81.4%; rating input score 81
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
• Pay-setting controls: 3 of 6 controls in place; rating input score 50
  • Compensation committee: Missing
  • 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: 100%; rating input score 100; 72nd percentile among comparable filings
• 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: 9 of 9 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: Pass
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: -6.5%; rating input score 14; 14th percentile among comparable filings
• Total-asset coverage ratio: 1.24; rating input score 44; 44th percentile among comparable filings
• Liabilities to assets ratio: 0.42; rating input score 35; 35th percentile among comparable filings
• Officer compensation ratio: 10.3%; rating input score 19; 19th percentile among comparable filings

Growth

• Program expense growth: 12.9% per year; rating input score 100; 79th percentile among comparable filings
• Revenue growth: 11.6% per year; rating input score 100; 79th percentile among comparable filings
• Asset growth: 11.2% per year; rating input score 100; 70th percentile among comparable filings