Overview
What is Hallmark Health Medical Associates Inc?
Hallmark Health Medical Associates Inc is a Massachusetts-based nonprofit organization situated in Medford, with a mission to enhance the quality and accessibility of medical care offered by MelroseWakefield Healthcare, Inc. They achieve this goal by encouraging doctors to provide essential medical services in the hospital's service area and supporting the needs of underserved communities. The organization's primary focus is on employing primary care physicians and specialists at practices within the MelroseWakefield service area, with a presence in nine local communities. There are approximately 80 physicians working in these practices, and their program service revenue mainly comes from net fees billed for physician services in various medical fields like obstetrics, gynecology, internal medicine, surgery, gastroenterology, family medicine, endocrinology, pulmonology, radiation oncology, infectious disease, neurology, and neurology surgery.
Official website here: www.hhma.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 66% (Two-Star out of Four Star rating)
Hallmark Health Medical Associates Inc has received a Two-Star rating from Charity Navigator, indicating some concerns regarding its governance and financial practices. The accountability and finance score is 66%, reflecting a mixed performance in areas critical for transparency and organizational health. While the organization excels in several policy areas, such as having a conflict of interest and whistleblower policy, it lacks independent board members, which can raise questions about oversight.
The financial metrics reveal strengths as well, with a program expense ratio of 90.14%, suggesting that a significant portion of funding is directed toward its programs. However, the liabilities to assets ratio is notably high at 140.44%, indicating potential financial instability. This could be a point of concern for donors interested in the long-term viability of the organization.
Despite its strengths in policy adherence and program spending, the overall rating reflects critical areas that require improvement, particularly in governance and financial independence. Potential supporters should consider these factors in their evaluation of the nonprofit’s effectiveness and sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Hallmark Health Medical Associates Inc legitimate?
Hallmark Health Medical Associates Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hallmark Health Medical Associates Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $727,067
Professional Fundraising Fees: $0
Other Salaries and Wages: $39,393,086
For more financial information, click here
Official website here: www.hhma.org
What is the mission statement of Hallmark Health Medical Associates Inc?
Hallmark Health Medical Associates Inc contributes to the charitable mission of MelroseWakefield Healthcare Inc by employing primary care physicians and specialists at practices within their service area. With nearly 80 physicians operating in eight different communities, they provide essential healthcare services to various locations. Their work enables MelroseWakefield Healthcare to further its mission, focusing on the wellbeing of patients. By staffing medical practices, Hallmark Health Medical Associates Inc plays a crucial role in enhancing accessibility to quality healthcare within the assigned region.
Official website here: www.hhma.org
Who is the CEO of Hallmark Health Medical Associates Inc?
William F Wyman is the Principal Officer of Hallmark Health Medical Associates Inc. The CEO's salary of Hallmark Health Medical Associates Inc is $0 and their total compensation is $325,000.
Official website here: www.hhma.org
What is the revenue of Hallmark Health Medical Associates Inc?
Hallmark Health Medical Associates Inc's revenue in 2022 was $44,939,058.
Official website here: www.hhma.org
Who are the executives of Hallmark Health Medical Associates Inc and what are their salaries?
The average compensation at Hallmark Health Medical Associates Inc during 2022 was $85,544. There are 469 employees at Hallmark Health Medical Associates Inc.
Here are 18 key members and their salaries (Hallmark Health Medical Associates Inc's CEO's salary is $0 and their total compensation is $325,000):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $440,327
- Related: $501,977
- Other: $94,949
- Compensation: $0
- Related: $652,345
- Other: $425
- Compensation: $180,789
- Related: $0
- Other: $19,974
- Compensation: $321,837
- Related: $0
- Other: $39,922
- Compensation: $0
- Related: $509,944
- Other: $20,328
- Compensation: $0
- Related: $324,956
- Other: $31,173
- Compensation: $0
- Related: $325,000
- Other: $0
- Compensation: $76,034
- Related: $0
- Other: $2,339
- Compensation: $0
- Related: $381,654
- Other: $42,882
- Compensation: $551,989
- Related: $0
- Other: $22,000
- Compensation: $1,076,545
- Related: $0
- Other: $49,765
- Compensation: $516,910
- Related: $0
- Other: $27,166
- Compensation: $876,742
- Related: $0
- Other: $29,726
- Compensation: $529,805
- Related: $0
- Other: $11,737
- Compensation: $0
- Related: $338,218
- Other: $0
- Compensation: $0
- Related: $668,588
- Other: $21,341
Official website here: www.hhma.org
Where can I find the form 990 for Hallmark Health Medical Associates Inc?
Hallmark Health Medical Associates Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hhma.org
Learn more at the official website: www.hhma.org
Mission Statement of Hallmark Health Medical Associates Inc
Hallmark Health Medical Associates, Inc. is a dedicated organization that supports the charitable mission of MelroseWakefield Healthcare, Inc., primarily by employing primary care physicians and specialists in various practices throughout the MelroseWakefield service area. With a team of nearly 80 professionals, this group operates in eight different communities within the MelroseWakefield service region.
In essence, Hallmark Health Medical Associates, Inc. functions as an essential extension of MelroseWakefield Healthcare, Inc., contributing to its charitable objectives by staffing practices throughout their service area with primary care physicians and specialists. This team of healthcare professionals is committed to delivering quality care, ensuring the continued success of the charitable organization's mission.
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Impact
October, 2024
Hallmark Health Medical Associates Inc plays a crucial role in enhancing healthcare quality and accessibility in the MelroseWakefield service area, which encompasses nine local communities. By employing a diverse group of nearly 80 primary care physicians and specialists across various medical disciplines, the organization ensures that essential medical services are readily available to the community, particularly in underserved regions.
The impact of Hallmark Health Medical Associates is evident in its commitment to addressing the healthcare needs of the population it serves. By providing specialized services—including obstetrics, gynecology, internal medicine, surgery, gastroenterology, family medicine, endocrinology, pulmonology, radiation oncology, infectious disease, neurology, and neurosurgery—the organization not only meets immediate medical needs but also promotes long-term health and wellness within the community.
Through its efforts, Hallmark Health Medical Associates directly contributes to improved healthcare outcomes by facilitating easier access to quality medical care. This support aids in the mission of MelroseWakefield Healthcare, ultimately fostering a healthier community and reducing barriers to care for those who need it most.
This information is meant to be a general summary of Hallmark Health Medical Associates Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $43,419,847
- Gross Receipts: $44,939,058
Assets and Liabilities:
- Total Assets: $9,053,273
- Total Liabilities: $16,045,251
- Net Assets: -$6,991,978
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PATIENT CARE
Revenue
$35,254,094
MANAGED CARE REVENUE
Revenue
$3,132,436
HOSPITAL SUPPORT
Revenue
$2,430,513
Organization Details
Founding Year
1991
Phone
(781) 979-3000Principal Officer
William F Wyman
Main Address
170 GOVERNORS AVENUE, MEDFORD, MA, 02155
Website
www.hhma.orgNTEE Category
Code: E31 - Health
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