Stanford Medicine Partners

Nonprofit profile at a glance

EIN
943192446
IRS 990 coverage
2011–2024
Official website data refreshed
Sep 2026
Forms available
Form 990 2024
Location
Newark, CA, US
Phone
925-263-5500
Rating
72
Verdict
SUPPORTED
Rating confidence
Moderate

Official website

Reported finances

Revenue
$340,119,039
Expenses
$425,003,992
Assets
$190,105,585
Liabilities
$105,428,447

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

Leadership & pay

30 people listed

Executive titles in this filing

  • RICHARD SHUMWAY (DIR, PRESIDENT & CEO(END 1/25))
  • JENNIE CREWS MD (DIR, CMO, INTERIM PRES & CEO)

Highest reported compensation

  • QUINN MCKENNA (DIRECTOR (END 11/24)): $2,589,728 total reported compensation
  • LINDA HOFF (DIRECTOR): $2,449,978 total reported compensation
  • RICHARD SHUMWAY (DIR, PRESIDENT & CEO(END 1/25)): $2,012,984 total reported compensation

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

Overview

Mission

Stanford Medicine Partners will be the premier community network for the Stanford Health Care System, delivering the best patient experience, with the most effective clinical outcomes.

What it reported doing in 2024

Patient care: smp was established as part of the coordinated efforts of the members to create an integrated system of healthcare available to persons of all means. Smp contracts with medical groups to provide outpatient care at smp clinics, each of which is organized into a named clinical operating division within smp. In fy 2025, smp operated 5 clinical operating divisions and contracted with 3 medical groups to provide the professional services for such operating divisions. Smp is a participating provider in the medicare and medical programs. Smp clinics provide medical care and treatment to medicare and medical beneficiaries on a nondiscriminatory basis consistent with smp's charitable purposes and in support of the charitable activities of the members. Smp serves patients in san mateo, santa clara, contra costa and alameda counties, California. Of such patients that are beneficiaries under medical, the vast majority of such medical beneficiaries are enrolled with health maintenance organization (hmo) - alameda and community health center network, alameda alliance for health. In addition, smp provides free and discounted medical care and treatment to patients qualifying for such free or discounted care consistent with its financial assistance policy, charity care policy and smp's uninsured patient discount policy.

Operating model

Revenue model
Other-operating. 99% of the money available for current operations came from other operating 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 expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 84
  • Transparency & Controls: 65
  • Accountability: 64
  • Sustainability: 18
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 85.7%; rating input score 86
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 91.7%; rating input score 92; 8th percentile among comparable filings
  • Pay-setting controls: 1 of 6 controls in place; rating input score 17
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • 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: 46.7%; rating input score 47; 12th 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: Fail
    • 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: -25%; rating input score 3; 3rd percentile among comparable filings
  • Total-asset coverage ratio: 0.45; rating input score 16; 16th percentile among comparable filings
  • Liabilities to assets ratio: 0.55; rating input score 32; 32nd percentile among comparable filings
  • Officer compensation ratio: 1.2%; rating input score 70; 70th percentile among comparable filings

Growth

  • Program expense growth: 4.9% per year; rating input score 100; 39th percentile among comparable filings
  • Revenue growth: 6.7% per year; rating input score 100; 57th percentile among comparable filings
  • Asset growth: 10.3% per year; rating input score 100; 71st percentile among comparable filings

Details

  • What they do: 2 programs and campaigns described on the official site · 1 operating location identified
  • Where the money goes: 100% of revenue deployed · 85.7% of spending went to programs
  • Governance: 7 of 15 board members independent · 8 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $364.2M in reported program spending
  • Leadership: top reported pay $2.6M · 30 people listed · 1 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $205M reported
  • Consistency: 32 of 33 current checks pass · 1 finding to review
  • Schedules: 5 filed schedules · includes executive pay
  • Filing history: 14 filing years from 2011 to 2024
  • Contacts: How to reach this organization
  • Money network: 11 filed money-flow records
  • Related organizations: 67 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.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Accountability: Independent voting board scored 47/100.
  • High — Sustainability: Operating margin scored 3/100.
  • High — Sustainability: Total-asset coverage ratio scored 16/100.
  • Review — Accountability: Governance controls: CEO compensation review process not reported.
  • Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
  • Moderate — Sustainability: Liabilities to assets ratio scored 32/100.