Premium Health Inc
- Assets
- $40.8m
- Revenue
- $24.6m
- Investments
- $0.0
- Employees
- 164
- Location
- Brooklyn, NY
- Founding
- 09/2010
- Data as of
- 12/2022
- EIN
- 30-0640372
Organization Overview
Premium Health Inc is located in Brooklyn, NY. The organization was established in 2010. According to its NTEE Classification (E32) the organization is classified as: Community Clinics, under the broad grouping of Health Care and related organizations. As of 12/2022, Premium Health Inc employed 164 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Premium Health Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Premium Health Inc generated $24.6m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 31.3% each year . All expenses for the organization totaled $24.4m during the year ending 12/2022. While expenses have increased by 29.7% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO OPERATE A DIAGNOSTIC AND TREATMENT CENTER, IN ORDER TO IMPROVE THE HEALTH OF THE MEDICALLY UNDERSERVED INDIVIDUALS IN THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CENTER IS A FEDERALLY QUALIFIED HEALTH CENTER THAT PROVIDES TREATMENT TO PATIENTS. IN 2022, THERE WERE APPROXIMATELY 53,225 PATIENT VISITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Meir Brody Executive Director | Officer | 40 | $643,493 |
Daniel Howard Saltzman Medical Director Womens Health | Officer | 40 | $537,466 |
Adela Wichs Physician | 40 | $494,948 | |
Raymond Sultan Physician Assistant | 40 | $407,916 | |
Jacqueline Guterman Obstetrician-Gynecologist | 40 | $401,553 | |
Sara Tarsis Physician | 40 | $346,971 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jerry Perlowin Cleaning | 12/30/22 | $264,971 |
National Healthcare Consulting Inc Consulting | 12/30/22 | $431,095 |
Prestige Point Design Inc Construction | 12/30/22 | $333,304 |
Optima Fqhc Solutions Billing | 12/30/22 | $685,153 |
Relief Resources Contractual Service | 12/30/22 | $392,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,985,759 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,142 |
| Noncash contributions included in lines 1a–1f | $152,792 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,991,901 |
| Total Program Service Revenue | $20,615,191 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $24,622,765 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $600,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $3,033,077 |
| Compensation of current officers, directors, key employees. | $1,814,801 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $8,649,536 |
| Pension plan accruals and contributions | $118,201 |
| Other employee benefits | $692,088 |
| Payroll taxes | $681,303 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $128,131 |
| Fees for services: Accounting | $439,000 |
| Fees for services: Lobbying | $60,050 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,414,130 |
| Advertising and promotion | $14,622 |
| Office expenses | $828,431 |
| Information technology | $13,868 |
| Royalties | $0 |
| Occupancy | $3,474,619 |
| Travel | $109,049 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $345,011 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $897,870 |
| Insurance | $94,991 |
| All other expenses | $0 |
| Total functional expenses | $24,402,535 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,607,034 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $992,455 |
| Accounts receivable, net | $3,006,506 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $359,999 |
| Net Land, buildings, and equipment | $5,021,484 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $23,851,482 |
| Total assets | $40,838,960 |
| Accounts payable and accrued expenses | $1,618,818 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $7,145,715 |
| Other liabilities | $28,139,911 |
| Total liabilities | $36,904,444 |
| Net assets without donor restrictions | $3,934,516 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $40,838,960 |