CommonSpirit Health

What it reported doing in 2024

St. Vincent medical group (svmg) is an Arkansas nonprofit corporation that was created to provide medical services in the little rock, Arkansas metropolitan area. Svmg owns and operates physician clinics and related facilities and engages in activities designed to promote the health care needs of the community, including the provision of health care services by physicians and other health care professionals.svmg currently provides physician services at seventeen clinic locations and three hospital locations through one hundred two physician employees. Svmg provides a broad range of professional medical services at its clinics of the type normally provided at outpatient clinics. These clinics provide the health care services of nonphysician professionals, including a nurse practitioner and nurses. Svmg also provides ancillary services, including radiology (including screening mammography, bone densitometry scanning, and general extremity and chest x-ray), clia-waived laboratory testing, treadmill stress testing, ekg, pulse oximetry, audiometry, physical therapy, injection and ultrasound services. Svmg provides medical care services on a nondiscriminatory basis to all persons in the community. Svmg participates in the medicare and medicaid programs in a nondiscriminatory manner. In addition, svmg provides health care services to all individuals regardless of ability to pay, in accordance with svmg's charity care policy. In addition, svmg requires each employed physician to cooperate with the community service activities consistent with furtherance of svmg's charitable mission, including the physician's participation in community health and wellness education, community service activities and treatment of indigent and charity care patients.svmg's sole corporate member is st. Vincent infirmary medical center (svimc), an Arkansas nonprofit corporation that is exempt from federal income tax as an organization described under 501 (c)(3) of the internal revenue code.

Financial Efficiency

• Mission deployment rate: 100%; rating input score 100
• Program expense ratio: 100%; rating input score 100
• 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: Limited

Accountability

• Independent voting board: 68.4%; rating input score 68; 20th 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: 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: -16.7%; rating input score 5; 5th percentile among comparable filings
• Total-asset coverage ratio: 0.28; rating input score 9; 9th percentile among comparable filings
• Liabilities to assets ratio: 7; rating input score 0; 0th percentile among comparable filings
• Officer compensation ratio: 6.4%; rating input score 9; 9th percentile among comparable filings

Growth

• Program expense growth: 12.1% per year; rating input score 100; 81st percentile among comparable filings
• Revenue growth: 12.3% per year; rating input score 100; 84th percentile among comparable filings
• Asset growth: 15.2% per year; rating input score 100; 86th percentile among comparable filings