Overview
What is Stamford Health Medical Group Inc?
Stamford Health Medical Group Inc, a nonprofit organization based in Stamford, Connecticut, supports the provision of medical services to communities served by Stamford Hospital and its affiliated organizations. With a workforce of 818 employees, they offer comprehensive management services that enhance the delivery of physician services and various healthcare practitioner expertise. Their mission is to improve access to healthcare for local residents by fostering collaborations between medical professionals and affiliated organizations.
Official website here: www.stamfordhealth.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Stamford Health Medical Group Inc has received a two-star rating from Charity Navigator, indicating a need for improvement in several areas. With an overall score of 66%, the organization demonstrates some strengths in accountability and finance, particularly in areas such as material diversion of assets and having thorough conflict of interest and whistleblower policies. However, the lack of independent board members is a significant concern, as it suggests potential governance issues.
The financial metrics present a mixed picture. While the organization has a high program expense ratio of 82.66%, indicating that a substantial amount of funds is directed towards programs, the liabilities to assets ratio at 101.23% raises red flags about financial stability. Additionally, the absence of posted tax forms on the nonprofit's website points to a lack of transparency, which is essential for maintaining stakeholder trust.
Overall, while Stamford Health Medical Group Inc shows a commitment to certain standards of accountability, the deficiencies in governance and financial health highlight areas that require urgent attention to enhance its effectiveness and credibility as a nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is Stamford Health Medical Group Inc legitimate?
Stamford Health Medical Group Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Stamford Health 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: $4,946,660
Professional Fundraising Fees: $0
Other Salaries and Wages: $114,824,909
For more financial information, click here
Official website here: www.stamfordhealth.org
What is the mission statement of Stamford Health Medical Group Inc?
Stamford Health Medical Group Inc plays a crucial role in ensuring access to healthcare services for the communities served by Stamford Hospital and its affiliated organizations. Their mission revolves around providing physician services and other health practitioner support to enhance the overall well-being of the population. Through a comprehensive range of management services, they facilitate the smooth operation of healthcare practices, ultimately contributing to the delivery of quality care. By offering essential support to medical practices, they help ensure that healthcare remains accessible and effective for the individuals within the served communities.
Official website here: www.stamfordhealth.org
What is the revenue of Stamford Health Medical Group Inc?
Stamford Health Medical Group Inc's revenue in 2023 was $212,001,077.
Official website here: www.stamfordhealth.org
Who are the executives of Stamford Health Medical Group Inc and what are their salaries?
The average compensation at Stamford Health Medical Group Inc during 2023 was $138,304. There are 866 employees at Stamford Health Medical Group Inc.
Here are 18 key members and their salaries:
- Compensation: $1,104,743
- Related: $0
- Other: $69,921
- Compensation: $236,133
- Related: $0
- Other: $48,552
- Compensation: $715,034
- Related: $0
- Other: $55,737
- Compensation: $422,976
- Related: $0
- Other: $40,200
- Compensation: $486,712
- Related: $0
- Other: $72,072
- Compensation: $591,612
- Related: $0
- Other: $70,081
- Compensation: $344,732
- Related: $0
- Other: $52,995
- Compensation: $0
- Related: $628,849
- Other: $43,892
- Compensation: $337,690
- Related: $0
- Other: $71,628
- Compensation: $397,935
- Related: $348,844
- Other: $51,936
- Compensation: $811,663
- Related: $0
- Other: $74,425
- Compensation: $321,045
- Related: $0
- Other: $42,366
- Compensation: $593,160
- Related: $0
- Other: $70,788
- Compensation: $833,388
- Related: $0
- Other: $78,787
- Compensation: $851,287
- Related: $0
- Other: $63,510
- Compensation: $807,189
- Related: $0
- Other: $43,874
- Compensation: $821,305
- Related: $0
- Other: $44,066
- Compensation: $1,140,584
- Related: $0
- Other: $72,468
Official website here: www.stamfordhealth.org
Where can I find the form 990 for Stamford Health Medical Group Inc?
Stamford Health Medical Group Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.stamfordhealth.org
Learn more at the official website: www.stamfordhealth.org
Mission Statement of Stamford Health Medical Group Inc
Stamford Health Medical Group Inc, a key supporter of Stamford Hospital and its affiliated organizations, is dedicated to enhancing the delivery of physician services and other health practitioner care to the communities it serves. This mission is carried out through the provision of comprehensive management services that bolster the effectiveness of various physician practices.
By focusing on the health needs of the local population, Stamford Health Medical Group Inc plays a pivotal role in ensuring that top-notch medical expertise is readily available to those in need. Its commitment to providing essential services extends beyond the hospitals' walls, making a significant impact on the overall well-being of the communities it serves.
The organization's primary objective is to foster an environment that encourages the growth and success of medical practices, enabling them to reach their full potential. Through its various initiatives, Stamford Health Medical Group Inc strives to create a seamless healthcare experience for patients, ensuring that they receive the highest quality of care possible. The organization's unwavering dedication to excellence is a testament to its mission of supporting the provision of physician services and other health practitioner care to the residents of the communities it serves.
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Impact
October, 2024
Stamford Health Medical Group Inc significantly enhances healthcare access and quality for residents in Stamford, CT, and surrounding communities. By providing a comprehensive array of management services, the organization supports physician practices, ensuring that healthcare providers can focus on delivering high-quality medical care. This support fosters a collaborative environment among healthcare practitioners, ultimately improving patient outcomes and satisfaction.
Its mission centers on facilitating the provision of physician services and other health practitioner services, making it a vital resource in the local healthcare ecosystem. This impact is particularly important in promoting public health and well-being, as it addresses the diverse medical needs of the community and contributes to the overall effectiveness of Stamford Hospital and its affiliated organizations.
This information is meant to be a general summary of Stamford Health 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.
- Program Service Revenue: $101,924,011
- Gross Receipts: $212,001,077
Assets and Liabilities:
- Total Assets: $75,786,870
- Total Liabilities: $76,720,194
- Net Assets: -$933,324
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEDICARE
Revenue
$35,486,883
PHYSICIAN BILLING
Revenue
$66,437,128
Organization Details
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