Overview
What is Premium Health Inc?
Premium Health Inc, located at 620 Foster Avenue in Brooklyn, New York, is a federally qualified health center that offers diagnostic and treatment services to the medically underserved community, with approximately 53,225 patient visits in 2022. This nonprofit organization aims to operate a comprehensive healthcare center, improving the health of those in need, regardless of their ability to pay. Premium Health Inc is committed to delivering compassionate, culturally competent care to all members of the community. The center employs 164 individuals and works diligently to provide accessible healthcare and behavioral health services.
Official website here: www.premiumhealthcenter.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 81% (Three-Star out of Four Star rating)
Premium Health Inc has received an 81% rating from Charity Navigator, which indicates a solid level of accountability and financial transparency. This score is derived entirely from their Accountability & Finance beacon, showcasing the organization’s commitment to sound financial practices and governance. The organization demonstrates strong oversight with an independent board of directors, a robust audit committee, and comprehensive policies that support ethical operations.
Strengths of Premium Health Inc include a high program expense ratio of 81.08%, reflecting their focus on direct program services rather than administrative costs. The organization maintains a fully independent board and has implemented various policies to safeguard against potential conflicts of interest, ensuring ethical management of resources. Additionally, all required documents, including board meeting minutes and financial statements, are appropriately maintained and accessible, which enhances transparency.
However, the organization faces a significant challenge with its liabilities to assets ratio, scoring 0 out of 15 points in this area. This could indicate potential financial concerns that warrant closer scrutiny. While the overall accountability and governance practices are commendable, the financial stability reflected in this metric may raise questions for potential donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Premium Health Inc legitimate?
Premium Health Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Premium Health 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: $3,033,077
Professional Fundraising Fees: $0
Other Salaries and Wages: $8,649,536
For more financial information, click here
Official website here: www.premiumhealthcenter.org
What is the mission statement of Premium Health Inc?
Premium Health Inc, as a committed healthcare center, strives to enhance the wellbeing of medically underserved individuals in the community by providing compassionate, culturally competent, and comprehensive healthcare services. Regardless of their ability to pay, all individuals in need are welcomed at the center. As a federally qualified healthcare facility, Premium Health Inc offers treatment to a large number of patients, with approximately 53,225 patient visits recorded in 2022. Its mission is to deliver top-notch healthcare services that cater to the diverse needs of the community.
Official website here: www.premiumhealthcenter.org
Who is the CEO of Premium Health Inc?
Meir Brody is the Executive Director of Premium Health Inc.
Official website here: www.premiumhealthcenter.org
What is the revenue of Premium Health Inc?
Premium Health Inc's revenue in 2022 was $24,622,765.
Official website here: www.premiumhealthcenter.org
Who are the executives of Premium Health Inc and what are their salaries?
The average compensation at Premium Health Inc during 2022 was $71,235. There are 164 employees and 10 volunteers at Premium Health Inc.
Here are 22 key members and their salaries:
- Compensation: $643,493
- Related: $0
- Other: $49,612
- Compensation: $537,466
- Related: $0
- Other: $24,262
- Compensation: $494,948
- Related: $0
- Other: $9,990
- Compensation: $407,916
- Related: $0
- Other: $51,927
- Compensation: $401,553
- Related: $0
- Other: $45,652
- Compensation: $346,971
- Related: $0
- Other: $51,927
- Compensation: $326,301
- Related: $0
- Other: $51,527
- Compensation: $354,467
- Related: $0
- Other: $21,182
- Compensation: $316,127
- Related: $0
- Other: $38,781
- Compensation: $292,804
- Related: $0
- Other: $49,555
- Compensation: $301,640
- Related: $0
- Other: $0
- Compensation: $211,488
- Related: $0
- Other: $52,368
- Compensation: $134,866
- Related: $0
- Other: $4,966
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.premiumhealthcenter.org
Where can I find the form 990 for Premium Health Inc?
Premium Health Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.premiumhealthcenter.org
Learn more at the official website: www.premiumhealthcenter.org
Mission Statement of Premium Health Inc
Premium Health Inc, a dedicated health center, is committed to enhancing the well-being of underserved individuals within the community. Their mission is twofold: to provide compassionate, culturally competent, and comprehensive healthcare services, and to extend these offerings regardless of a person's ability to pay. This federally qualified health center prioritizes the needs of all community members, ensuring they receive the necessary medical and behavioral health care.
In the past year, Premium Health Inc witnessed approximately 53,225 patient visits, reflecting the substantial impact of their services on the community. The center's team of healthcare professionals is dedicated to delivering high-quality care with sensitivity to cultural differences, ensuring that each patient feels valued and understood. By operating a diagnostic and treatment center, Premium Health Inc strives to make a positive difference in the lives of those who may face barriers to accessing healthcare services.
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Impact
October, 2024
Premium Health Inc significantly impacts the health landscape of Brooklyn, NY, particularly for medically underserved populations. By operating as a diagnostic and treatment center, it ensures that vital health services are accessible to individuals regardless of their financial situation. In 2022, the center facilitated approximately 53,225 patient visits, demonstrating its role as a crucial healthcare resource in the community.
The center's commitment to compassionate and culturally competent care allows it to effectively address the diverse needs of its patients. By providing both health and behavioral health services, Premium Health Inc fosters a holistic approach to well-being, improving not only physical health but also mental health outcomes for its patients.
Overall, the center plays a pivotal role in reducing health disparities and enhancing the overall quality of life for those it serves, making a lasting difference in the community of Brooklyn.
This information is meant to be a general summary of Premium Health 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: $20,615,191
- Gross Receipts: $24,622,765
Assets and Liabilities:
- Total Assets: $40,838,960
- Total Liabilities: $36,904,444
- Net Assets: $3,934,516
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PATIENT SERVICE
Revenue
$19,233,412
340B REVENUE
Revenue
$1,381,779
Organization Details
Founding Year
2010
Phone
(718) 407-7300Principal Officer
Meir Brody
Main Address
620 FOSTER AVENUE, BROOKLYN, NY, 11230
Website
www.premiumhealthcenter.orgNTEE Category
Code: E32 - Health
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