Premium Health Inc
- Assets
- $15.3m
- Revenue
- $22.8m
- Investments
- $0.0
- Employees
- 136
- Location
- Brooklyn, NY
- Founding
- 09/2010
- Data as of
- 12/2021
- EIN
- 30-0640372
The information for Premium Health Inc is as of the organization's most recent filing in December '21. This organization is located in Brooklyn, NY. It has been in existence for 11 years, following its founding in 2010.
Organization Classification
The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.
Premium Health Inc is a health care organization classified under the NTEE code E32. The major classification of this organization is Health Care, specifically Community Clinics. Community clinics are outpatient facilities established by the community to provide basic medical care to low-income and indigent residents. These clinics offer services such as physical examinations, immunizations, family planning, nutrition assistance, and diagnosis and treatment of common ailments on an ability-to-pay basis. Premium Health Inc operates a diagnostic and treatment center with the mission of improving the health of medically underserved individuals in the community.
Program Areas
The center is a federally qualified health center that provides treatment to patients. In 2021, there were approximately 47,200 patient visits. Within the general fund, the organization reports all revenues, support, and functional expenses that are not specifically reported by another fund or program.
Organization Staffing
Premium Health Inc is run by Meir Brody, who is the Executive Director. The organization has 136 employees, of whom 25 are paid more than $100k per year. Supporting the paid staff are 8 volunteers.
Board Governance
Premium Health Inc appears to be well-governed based on the provided information. The organization has 9 voting members, all of whom are independent, indicating a diverse and unbiased decision-making process. The absence of potential conflicts of interest further strengthens the organization's governance, as it ensures that decisions are made solely in the best interest of the non-profit and its mission. Furthermore, Premium Health Inc demonstrates transparency and accountability through its documented board and committee meetings. This documentation allows for proper record-keeping and ensures that decisions made during these meetings can be reviewed and referenced in the future. The organization's conflict of interest policy and requirement for disclosure of conflicts further emphasize its commitment to ethical practices and avoiding any potential conflicts that may compromise its mission. Premium Health Inc also exhibits strong governance through its implementation of various policies. The presence of a written whistleblower policy, document retention policy, and the substantiation and review of leadership and officer salaries indicate the organization's dedication to maintaining integrity and accountability within its operations. Additionally, providing copies of the 990 to the board prior to filing demonstrates a commitment to transparency and keeping the board informed about the organization's financial activities. Overall, Premium Health Inc showcases effective governance practices that prioritize transparency, accountability, and ethical decision-making. These factors contribute to the organization's credibility and ensure that it operates in a manner that aligns with its mission and the interests of its stakeholders.
Organization Growth
Premium Health Inc, a nonprofit organization, has experienced significant growth over the given time period. Contributions & Grants Received increased from $322.5K in 2014 to $4.1M in 2021. Program Service Revenue also saw a substantial increase, rising from $939.8K in 2014 to $18.6M in 2021. Additionally, Other Revenue increased from $4.5K in 2014 to $131.5K in 2021. The organization's Total Revenue grew from $1.3M in 2014 to $22.8M in 2021. Employee Salaries also experienced substantial growth, increasing from $727.1K in 2014 to $8.0M in 2021. Moreover, the Total Expenses increased from $2.4M in 2014 to $20.1M in 2021. The number of Total Employees also significantly increased from 30 in 2014 to 136 in 2021. However, the number of Total Volunteers decreased from 10 in 2014 to 8 in 2021. Overall, Premium Health Inc has shown remarkable growth over the given time period.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Howard Saltzman Medical Director Womens Health | Officer | 40 | $521,298 |
Adela Wichs Physician | 40 | $491,798 | |
Meir Brody Executive Director | Officer | 40 | $362,072 |
Sara Tarsis Physician | 40 | $343,706 | |
Jacqueline Guterman Obstetrician-Gynecologist | 40 | $310,076 | |
Eli Inzlicht-Sprei Medical Director | Officer | 40 | $307,404 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jerry Perlowin Cleaning | 12/30/21 | $228,564 |
Optima Fqhc Solutions Billing | 12/30/21 | $457,700 |
National Healthcare Consulting Inc Consulting | 12/30/21 | $351,810 |
Glenn Hirsch Medical Consulting | 12/30/21 | $108,900 |
Garfunkel Wild Pc Legal | 12/30/21 | $139,029 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,812,075 |
| All other contributions, gifts, grants, and similar amounts not included above | $253,198 |
| Noncash contributions included in lines 1a–1f | $138,859 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,065,273 |
| Total Program Service Revenue | $18,625,420 |
| 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 | $22,822,242 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $85,000 |
| 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. | $4,386,830 |
| Compensation of current officers, directors, key employees. | $1,083,593 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,482,688 |
| Pension plan accruals and contributions | $51,540 |
| Other employee benefits | $336,707 |
| Payroll taxes | $655,920 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $203,138 |
| Fees for services: Accounting | $414,875 |
| Fees for services: Lobbying | $60,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,220,448 |
| Advertising and promotion | $20,282 |
| Office expenses | $405,043 |
| Information technology | $43,553 |
| Royalties | $0 |
| Occupancy | $3,558,692 |
| Travel | $89,226 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $318,196 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $836,359 |
| Insurance | $63,858 |
| All other expenses | $0 |
| Total functional expenses | $20,053,106 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $853,084 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,476,519 |
| Accounts receivable, net | $2,611,100 |
| 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 | $282,706 |
| Net Land, buildings, and equipment | $4,826,044 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,269,693 |
| Total assets | $15,319,146 |
| Accounts payable and accrued expenses | $1,887,961 |
| 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 | $6,522,023 |
| Other liabilities | $3,194,876 |
| Total liabilities | $11,604,860 |
| Net assets without donor restrictions | $3,714,286 |
| 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 | $15,319,146 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Premium Health Inc has recieved totaling $7,556.
| Awarding Organization | Amount |
|---|---|
Afya Foundation Inc Yonkers, NY PURPOSE: AID TO RELIEF ORGANIZATION | $7,409 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $147 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bronxcare Dr Martin Luther King Jr Health Center Bronx, NY | $38,014,365 | $52,571,307 |
Cornerstone Family Healthcare Cornwall, NY | $45,954,625 | $50,605,284 |
Delaware Valley Community Health Inc Philadelphia, PA | $40,322,631 | $53,045,833 |
Joseph P Addabbo Family Health Center Inc Arverne, NY | $41,766,834 | $54,271,976 |
Mhs Primary Care Inc Middletown, CT | $15,353,098 | $33,843,223 |
Codman Square Health Center Inc Dorchester, MA | $53,827,018 | $55,977,934 |
Health Care And Rehabilitation Services Of Southeastern Vermont I Springfield, VT | $22,048,615 | $47,573,414 |
Wayne Memorial Community Health Centers Honesdale, PA | $24,922,017 | $46,112,323 |
South-West Community Health Center Inc Bridgeport, CT | $31,905,699 | $50,188,617 |
Bronxcare Special Care Center Bronx, NY | $26,322,135 | $47,475,448 |
Anthony L Jordan Health Corporation Rochester, NY | $24,407,903 | $40,889,273 |
Edward M Kennedy Community Health Center Inc Worcester, MA | $41,035,086 | $39,964,203 |