Stanly Medical Services Inc

Nonprofit profile at a glance

EIN
561892763
IRS 990 coverage
2009–2012
Forms available
Form 990 2012
Location
Albemarle, NC, USA
Phone
7049820636
Rating confidence
Limited
Sector
Group Health Practice (Health Maintenance Organizations)

Official website

Reported finances

Revenue
$15,180,715
Expenses
$19,468,779
Assets
$3,254,107
Liabilities
$2,976,130

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

Leadership & pay

11 people listed

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

Overview

Mission

1) to promote, improve, and enhance the health and welfare of communities in or outside of this state through the support of or involvement in the recruitment, formation, development, management, equipping, and maintenance of healthcare services provided in affiliation with the health care system of which stanly regional medical center, inc., a North Carolina nonprofit corporation exempt from federal income tax under section 501(c)(3) of the code, is an affiliate and other health care providers located in and around albemarle, stanly county, North Carolina (a medically underserved area). 2) to provide funds, property, or other benefits for the benefit of other medically underserved areas in or outside of this state. 3) to promote and carry on educational activities related to the care of the sick, injured, or related to the promotion of health. 4) to promote or carry out such other activities as may be deemed advisable for the betterment of the general health of the communities served.

What it reported doing in 2012

Health servicesprovided healthcare in a provider's office setting. During fiscal year 2013, stanly medical services provided approximately 101,000 patient visits. Services included general patient services, laboratory services, and x-ray services.

Operating model

Revenue model
Other-operating. 97% 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: 88
  • Accountability: 61
  • Sustainability: 4
  • Growth: 40

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; 59th 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: Pass
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 33.3%; rating input score 33; 7th 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: -28.2%; rating input score 2; 2nd percentile among comparable filings
  • Total-asset coverage ratio: 0.17; rating input score 5; 5th percentile among comparable filings
  • Liabilities to assets ratio: 0.91; rating input score 11; 11th percentile among comparable filings
  • Officer compensation ratio: 16.2%; rating input score 4; 4th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 3.3% per year; rating input score 100; 48th percentile among comparable filings
  • Asset growth: -6.3% per year; rating input score 0; 10th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 2 of 6 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $17.7M in reported program spending
  • Leadership: top reported pay $664K · 11 people listed · 5 of 6 pay-setting controls reported
  • Highest-paid contractors: 1 contractor listed
  • Consistency: 25 of 25 current checks pass
  • Schedules: 5 filed schedules · includes 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.

  • Moderate — Accountability: Independent voting board scored 33/100.
  • High — Sustainability: Operating margin scored 2/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 5/100.
  • High — Sustainability: Officer compensation ratio scored 4/100.
  • High — Sustainability: Liabilities to assets ratio scored 11/100.