Overview
What is Signature Healthcare Medical Group Inc?
Signature Healthcare Medical Group Inc, based at 680 Centre Street, Brockton, Massachusetts, is a dedicated nonprofit organization with a team of 634 employees. Their primary mission is to support the medical, educational, scientific, and charitable purposes of Brockton Hospital. Through efficient and high-quality primary and specialty healthcare services, they cater to residents of all ages, races, and ethnic backgrounds in their communities. By improving access to medical care provided by the hospital, Signature Healthcare Medical Group contributes significantly to the well-being of the local population.
Official website here: www.signature-healthcare.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Signature Healthcare Medical Group Inc has received a Two-Star out of Four Star rating from Charity Navigator, indicating a need for improvement in certain areas of accountability and governance. The overall score of 66% reflects a mix of strengths and weaknesses, particularly noted in the lack of independent board members, which is critical for effective oversight and decision-making.
On the positive side, the organization has demonstrated strong performance in areas such as financial oversight, with full points awarded for its audit and oversight committee, conflict of interest policy, and material diversion of assets. Additionally, the high program expense ratio of 96.56% indicates that a significant portion of funds is directed towards its programs, which is a beneficial aspect for stakeholders.
However, the absence of independent board members raises concerns about the governance structure, and the missing tax form on the nonprofit's website further highlights a need for transparency. The liabilities to assets ratio of 72.05% suggests potential financial risk, which stakeholders may want to consider. Overall, while Signature Healthcare Medical Group Inc shows commitment in several areas, improvements in governance and financial transparency are essential for enhancing its rating and public trust.
This AI summary has been generated from information found on Charity Navigator.
Is Signature Healthcare Medical Group Inc legitimate?
Signature Healthcare Medical Group Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Signature Healthcare Medical Group 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: $12,395,362
Professional Fundraising Fees: $0
Other Salaries and Wages: $38,288,464
For more financial information, click here
Official website here: www.signature-healthcare.org
What is the mission statement of Signature Healthcare Medical Group Inc?
Signature Healthcare Medical Group Inc supports the medical, educational, scientific, and charitable objectives of a hospital by enhancing access to healthcare services provided by the institution. The group aims to improve the quality of care delivered to individuals of all ages, races, and ethnic backgrounds in various communities. Through their dedicated efforts, Signature Healthcare Medical Group provides efficient and high-quality primary and specialty healthcare services, ensuring that patients receive effective medical attention. By focusing on healthcare access, the organization plays a vital role in bettering the lives of those it serves.
Official website here: www.signature-healthcare.org
Who is the CEO of Signature Healthcare Medical Group Inc?
Kim N Hollon is the CEO of Signature Healthcare Medical Group Inc The CEO's salary of Signature Healthcare Medical Group Inc is $0 and their total compensation is $397,225.
Official website here: www.signature-healthcare.org
What is the revenue of Signature Healthcare Medical Group Inc?
Signature Healthcare Medical Group Inc's revenue in 2023 was $61,339,996.
Official website here: www.signature-healthcare.org
Who are the executives of Signature Healthcare Medical Group Inc and what are their salaries?
The average compensation at Signature Healthcare Medical Group Inc during 2023 was $82,682. There are 613 employees at Signature Healthcare Medical Group Inc.
Here are 25 key members and their salaries (Signature Healthcare Medical Group Inc's CEO's salary is $0 and their total compensation is $397,225):
- Compensation: $1,418,802
- Related: $0
- Other: $41,817
- Compensation: $1,206,150
- Related: $0
- Other: $31,697
- Compensation: $984,231
- Related: $0
- Other: $42,540
- Compensation: $972,906
- Related: $0
- Other: $44,441
- Compensation: $850,883
- Related: $0
- Other: $44,598
- Compensation: $846,371
- Related: $0
- Other: $43,540
- Compensation: $868,253
- Related: $0
- Other: $12,166
- Compensation: $0
- Related: $688,766
- Other: $42,009
- Compensation: $673,956
- Related: $0
- Other: $28,356
- Compensation: $672,943
- Related: $0
- Other: $23,329
- Compensation: $623,772
- Related: $0
- Other: $38,287
- Compensation: $500,209
- Related: $0
- Other: $33,706
- Compensation: $485,112
- Related: $0
- Other: $38,540
- Compensation: $480,576
- Related: $0
- Other: $28,745
- Compensation: $448,866
- Related: $0
- Other: $6,869
- Compensation: $0
- Related: $389,451
- Other: $7,774
- Compensation: $296,201
- Related: $0
- Other: $44,574
- Compensation: $281,663
- Related: $0
- Other: $23,498
- Compensation: $298,837
- Related: $0
- Other: $6,043
- Compensation: $272,692
- Related: $0
- Other: $5,520
- Compensation: $0
- Related: $200,790
- Other: $26,594
- Compensation: $158,900
- Related: $0
- Other: $17,461
- Compensation: $0
- Related: $130,042
- Other: $3,401
- Compensation: $116,760
- Related: $0
- Other: $2,401
- Compensation: $61,528
- Related: $0
- Other: $24,491
Official website here: www.signature-healthcare.org
Where can I find the form 990 for Signature Healthcare Medical Group Inc?
Signature Healthcare Medical Group Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.signature-healthcare.org
Learn more at the official website: www.signature-healthcare.org
Mission Statement of Signature Healthcare Medical Group Inc
Signature Healthcare Medical Group, or SHMG, is a dedicated organization that supports the medical, educational, scientific, and charitable purpose of Brockton Hospital. Its mission is geared towards enhancing access to medical care provided by the hospital. The group of physicians at SHMG strives to deliver efficient and high-quality primary and specialty healthcare services to individuals of all ages, races, and ethnic backgrounds within the communities they serve. By doing so, they contribute significantly to improving the overall health and wellbeing of these communities. SHMG's commitment to excellence and accessibility sets it apart, enabling it to make a positive impact on the lives of countless individuals. By focusing on the provision of comprehensive healthcare services, SHMG ensures that every person, regardless of their background, has access to the medical care they need to live their best possible life.
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Impact
October, 2024
Signature Healthcare Medical Group Inc significantly enhances the health and well-being of the communities it serves by providing efficient and high-quality primary and specialty healthcare services. By catering to residents of all ages, races, and ethnic backgrounds in Brockton, MA, the organization ensures that diverse populations have access to essential medical care. This commitment not only supports individual health outcomes but also fosters a healthier community overall.
Their focus on improving access to medical care directly contributes to the overarching mission of Brockton Hospital, promoting medical, educational, scientific, and charitable initiatives. By bridging gaps in healthcare access, Signature Healthcare Medical Group empowers individuals to seek necessary services, thereby reducing health disparities and enhancing quality of life.
Through a blend of primary and specialty services, the group addresses various healthcare needs, ensuring that community members receive comprehensive care tailored to their unique circumstances. This inclusive approach positions Signature Healthcare Medical Group as a vital resource in the local healthcare landscape, reinforcing its role in promoting public health and supporting the broader goals of Brockton Hospital.
This information is meant to be a general summary of Signature Healthcare Medical Group 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 2023.
- Investment Income: $3,871
- Program Service Revenue: $61,051,330
- Gross Receipts: $61,339,996
Assets and Liabilities:
- Total Assets: $33,846,407
- Total Liabilities: $24,389,152
- Net Assets: $9,457,255
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
OUTPATIENT NET REVENUE
Revenue
$60,530,611
INTERCOMPANY REVENUE
Revenue
$319,799
OTHER HEALTHCARE SERVICES
Revenue
$106,120
INTERCOMPANY RENT
Revenue
$94,800
Organization Details
Founding Year
1996
Principal Officer
David Drinkwater Md
Website
www.signature-healthcare.orgNTEE Category
Code: E32 - Health
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