Overview
What is Providence Medical Institute?
Providence Medical Institute (PMI) is a nonprofit healthcare organization with over 200 providers spread across 32 medical offices in the South Bay to the west San Fernando Valley up to Santa Clarita, California. The institute is dedicated to delivering high-quality, cost-effective, and compassionate care, reflecting the healing love of God as expressed through the Ministry of Jesus. PMI serves various communities by increasing access to primary and urgent care services and contracts with major health plans, HMOs, Medicare, Medicare Advantage plans, and Medi-Cal. Uninsured individuals receive discounts. The institute's mission is unwavering in serving all, particularly those who are economically disadvantaged.
Official website here: www.california.providence
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
Providence Medical Institute has received a Three-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. With a score of 81% in these areas, the organization demonstrates a commitment to transparency and responsible management of its resources. Most notably, the organization features a predominantly independent board, robust audit processes, and comprehensive policies to mitigate conflicts of interest and ensure ethical governance.
The organization excels in program expenses, with 89.11% of its expenditures directed towards its mission-related activities. This indicates a focus on effectively utilizing funds to support its programs rather than administrative costs. Furthermore, the availability of financial information regarding key personnel enhances the organization’s transparency, allowing stakeholders to understand the compensation practices within its leadership.
However, while the financial aspects are well-managed, the overall rating is solely based on accountability and finance scores, leaving potential areas for improvement in other performance metrics unassessed. This singular focus means that while the organization is financially sound, the impact and effectiveness of its programs remain less clear from this evaluation alone.
This AI summary has been generated from information found on Charity Navigator.
Is Providence Medical Institute legitimate?
Providence Medical Institute is a legitimate nonprofit organization registered as a 501(c)(3) entity. Providence Medical Institute 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $49,270,635
For more financial information, click here
Official website here: www.california.providence
What is the mission statement of Providence Medical Institute?
As an assistant, I understand the mission of Providence Medical Institute to be rooted in God's healing love, expressed through the ministry of Jesus. They are dedicated to serving all, with a particular focus on the poor and vulnerable. Providence Medical Institute comprises over 200 providers in various medical offices, delivering high-quality, affordable care with compassion. Their physicians aim to expand access to primary and urgent care services within local communities. The institution contracts with major health plans, HMOs, Medicare, Medicare Advantage plans, and Medi-Cal, offering discounts to uninsured individuals. In essence, Providence Medical Institute embodies a commitment to providing comprehensive healthcare services with a focus on ensuring accessibility and affordability for all.
Official website here: www.california.providence
What is the revenue of Providence Medical Institute?
Providence Medical Institute's revenue in 2023 was $222,016,119.
Official website here: www.california.providence
Who are the executives of Providence Medical Institute and what are their salaries?
Here are 33 key members and their salaries:
- Compensation: $0
- Related: $5,154,374
- Other: $461,693
- Compensation: $0
- Related: $3,291,797
- Other: $10,754
- Compensation: $0
- Related: $2,837,690
- Other: $309,498
- Compensation: $0
- Related: $2,041,397
- Other: $26,953
- Compensation: $0
- Related: $2,026,390
- Other: $13,287
- Compensation: $0
- Related: $1,635,549
- Other: $204,645
- Compensation: $0
- Related: $1,525,609
- Other: $198,301
- Compensation: $0
- Related: $1,095,778
- Other: $198,695
- Compensation: $0
- Related: $1,100,110
- Other: $169,020
- Compensation: $0
- Related: $968,691
- Other: $146,931
- Compensation: $0
- Related: $863,154
- Other: $151,608
- Compensation: $0
- Related: $870,666
- Other: $123,979
- Compensation: $0
- Related: $858,020
- Other: $94,582
- Compensation: $0
- Related: $590,987
- Other: $6,571
- Compensation: $0
- Related: $541,701
- Other: $0
- Compensation: $0
- Related: $491,732
- Other: $25,329
- Compensation: $0
- Related: $472,980
- Other: $32,089
- Compensation: $0
- Related: $292,875
- Other: $30,846
- Compensation: $0
- Related: $52,500
- Other: $0
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Official website here: www.california.providence
Where can I find the form 990 for Providence Medical Institute?
Providence Medical Institute's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.california.providence
Learn more at the official website: www.california.providence
Mission Statement of Providence Medical Institute
Providence Medical Institute, a nonprofit organization composed of over 200 providers, is dedicated to serving all individuals, with a particular focus on the poor and vulnerable. Witnessing God's healing love through the ministry of Jesus, the Institute's mission is steadfastly carried out by its medical professionals.
In the tradition of the Sisters of Providence, Providence Medical Institute delivers high-quality, cost-effective, and compassionate care. With a presence in over 32 medical offices spread across various communities, from the South Bay to the west San Fernando Valley, the Institute increases access to primary and urgent care services.
The medical professionals at Providence Medical Institute work tirelessly to provide care in line with the organization's values. They contract with most major health plans, HMOs, Medicare, Medicare Advantage plans, and Medi-Cal, ensuring that as many people as possible can access their services. In addition, the Institute offers discounts to individuals paying out of pocket without insurance.
Providence Medical Institute's commitment to serving those in need extends beyond medical care. The organization's team of providers offers a warm and welcoming environment, putting patients at ease and ensuring that their care is delivered with kindness and understanding. Through their dedication to compassionate care and accessibility, Providence Medical Institute continues to make a positive impact on the lives of many.
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Impact
October, 2024
Providence Medical Institute (PMI) has a significant impact on healthcare accessibility and quality in the communities it serves. With over 200 healthcare providers distributed across 32 medical offices from the South Bay to the west San Fernando Valley and up to Santa Clarita, PMI enhances the availability of primary and urgent care services.
The organization's commitment to high-quality, compassionate care aligns with the values of the Sisters of Providence, ensuring that patients receive not just medical treatment but also compassionate support. By contracting with most major health plans, HMOs, Medicare, and Medi-Cal, PMI facilitates access to healthcare for a diverse population, including the underinsured and uninsured.
PMI's proactive approach includes providing discounts to cash-paying individuals, which further promotes healthcare equity. The focus on underserved populations, particularly those who are poor and vulnerable, reinforces the organization's mission of addressing health disparities and fostering community well-being. Overall, PMI plays a crucial role in elevating the standard of care and improving health outcomes for residents in its service areas.
This information is meant to be a general summary of Providence Medical Institute. 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: $82,140
- Program Service Revenue: $217,623,970
- Gross Receipts: $222,016,119
Assets and Liabilities:
- Total Assets: $99,506,681
- Total Liabilities: $83,170,845
- Net Assets: $16,335,836
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
NET PATIENT REVENUE
Revenue
$117,182,360
INTER-AFFILIATE REV
Revenue
$100,256,909
JV INCOME
Revenue
$184,701
Organization Details
Founding Year
1987
Principal Officer
Prasanna Mohanty
Website
www.california.providenceNTEE Category
Code: Z99Z - Unknown
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