St Peter's Health Partners Medical Associates Pc

Nonprofit profile at a glance

EIN
461177336
IRS 990 coverage
2013–2024
Forms available
Form 990 2024
Location
Albany, NY, USA
Phone
5185255555
Rating
66
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Group Health Practice (Health Maintenance Organizations)

Official website

Reported finances

Revenue
$318,255,622
Expenses
$373,130,042
Assets
$103,627,731
Liabilities
$372,074,161

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

Leadership & pay

31 people listed

Executive titles in this filing

  • KELLIE VALENTI (PRESIDENT)
  • STEVEN HANKS MD (PRESIDENT & CEO-NY REGION)

Highest reported compensation

  • STEVEN HANKS MD (PRESIDENT & CEO-NY REGION): $1,744,842 total reported compensation
  • VARDAN AMIRBEKIAN MD (DIR; CHR; PHYS-DIAGNOSTIC RADIOLOGY): $1,632,343 total reported compensation
  • DENNIS RASSIAS MD (PHYSICIAN - THORACIC SURGERY): $1,596,150 total reported compensation

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

Overview

Mission

We, st. Peter's health partners and trinity health, serve together in the spirit of the gospel as a compassionate and transforming healing presence within our communities.st. Peter's health partners medical associates is a member of st. Peter's health partners and trinity health.

What it reported doing in 2024

St. Peter's health partners medical associates, p.c., is one of the capital region's largest multi-specialty physician groups with more than 1,100 physicians and advanced practitioners, in more than 130 practice locations. Our providers and staff are dedicated to bringing together the best possible care and experience for our patients. We offer patients improved coordination of care among their primary care providers, specialists, hospital and other health care providers. We work with our patients and their loved ones to provide high-quality, compassionate care and advanced treatment options in a supportive, healing environment.headquartered in albany, ny, our physician group represents more than 25 specialties, including: primary care; internal medicine; pediatrics; cardiology; clinical nutrition; endocrinology; obstetrics and gynecology; hematology; medical oncology and radiation oncology; neurology; neurosurgery; pulmonary and critical care; radiology; urology; bariatric care and surgery; general, hepatobiliary, neurological, orthopedic, spinal, thoracic, and esophageal surgeries; and urgent care. Our offices and affiliates are located in the counties of albany, columbia, fulton, montgomery, rensselaer, saratoga, schenectady, ulster and warren.please visit our website for additional information: www.sphp.com/medical-associates

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 few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence.

Rating breakdown

  • Financial Efficiency: 85
  • Transparency & Controls: 67
  • Accountability: 32
  • Sustainability: 6
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 88.3%; rating input score 88
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 68th 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: Yes; rating input score 100

Accountability

  • Independent voting board: 0%; rating input score 0; 4th percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -17.2%; rating input score 4; 4th percentile among comparable filings
  • Total-asset coverage ratio: 0.28; rating input score 9; 9th percentile among comparable filings
  • Liabilities to assets ratio: 3.59; rating input score 1; 1st percentile among comparable filings
  • Officer compensation ratio: 5.6%; rating input score 13; 13th percentile among comparable filings

Growth

  • Program expense growth: 10.5% per year; rating input score 100; 76th percentile among comparable filings
  • Revenue growth: 13% per year; rating input score 100; 85th percentile among comparable filings
  • Asset growth: 15.2% per year; rating input score 100; 86th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 88.3% of spending went to programs
  • Governance: 0 of 15 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $329.4M in reported program spending
  • Leadership: top reported pay $1.7M · 31 people listed · 0 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $4.2M reported
  • Consistency: 35 of 35 current checks pass
  • Schedules: 6 filed schedules · includes executive pay and related organizations
  • Filing history: 12 filing years from 2013 to 2024
  • Contacts: How to reach this organization
  • Money network: 22 filed money-flow records
  • Related organizations: 323 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: Pay-setting controls scored 0/100.
  • High — Sustainability: Operating margin scored 4/100.
  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • High — Sustainability: Total-asset coverage ratio scored 9/100.
  • High — Sustainability: Liabilities to assets ratio scored 1/100.
  • High — Sustainability: Officer compensation ratio scored 13/100.