Overview
What is Temple Faculty Practice Plan Inc?
Temple Faculty Practice Plan Inc, based in Philadelphia, Pennsylvania, is a nonprofit organization comprised of primary care and specialty academic physicians. These doctors are employed by both the organization and Temple University's Lewis Katz School of Medicine. The mission of Temple Faculty Practice Plan is to deliver high-quality clinical care to the residents of North and Northeast Philadelphia and its surrounding areas, particularly in regions deemed medically underserved. The organization employs approximately 600 physicians to cater to the health needs of its patients, offering both inpatient and outpatient services through the affiliated hospitals of Temple University Health System. By doing so, Temple Faculty Practice Plan supports the clinical, administrative, and corporate activities of Temple University Health System while maintaining its commitment to the academic and research goals of the Lewis Katz School of Medicine. The nonprofit aims to serve a population in need of accessible and exceptional healthcare services.
Official website here: www.templehealth.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Temple Faculty Practice Plan Inc has received a Two-Star out of Four Star rating from Charity Navigator, indicating that there are significant areas needing attention, particularly in governance and financial oversight. The organization scored an overall 66%, with a notable lack of independent board members, which raises concerns about accountability and strategic decision-making.
The nonprofit does well in certain areas, such as its financial statements having rigorous audit and oversight processes in place, and it has strong policies on conflicts of interest and whistleblower protections. However, the absence of independent board members and a lack of transparency in posting its tax forms on its website contribute to its lower rating.
Additionally, the organization shows a concerning liabilities-to-assets ratio, which suggests potential financial instability. Despite some strengths in program expense ratios, the overall governance practices highlighted in the evaluation warrant improvement for the nonprofit to enhance its credibility and effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Temple Faculty Practice Plan Inc legitimate?
Temple Faculty Practice Plan Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Temple Faculty Practice Plan 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: $4,962,159
Professional Fundraising Fees: $0
Other Salaries and Wages: $243,513,642
For more financial information, click here
Official website here: www.templehealth.org
What is the mission statement of Temple Faculty Practice Plan Inc?
Temple Faculty Practice Plan Inc is dedicated to delivering top-tier clinical care to the patient population of North and Northeast Philadelphia and its surrounding areas. By aligning with Temple University Health System, the organization supports its clinical, administrative, and corporate endeavors while maintaining its commitment to the academic and research objectives of Lewis Katz School of Medicine at Temple University. The mission of Temple Faculty Practice Plan Inc is multifaceted; it aims to provide exceptional healthcare services, advance the academic and research initiatives, and contribute to the ongoing success of Temple University's healthcare system.
Official website here: www.templehealth.org
Who is the CEO of Temple Faculty Practice Plan Inc?
Claire Raab is the CEO of Temple Faculty Practice Plan Inc The CEO's salary of Temple Faculty Practice Plan Inc is $699,919 and their total compensation is $751,140.
Official website here: www.templehealth.org
What is the revenue of Temple Faculty Practice Plan Inc?
Temple Faculty Practice Plan Inc's revenue in 2024 was $418,082,985.
Official website here: www.templehealth.org
Who are the executives of Temple Faculty Practice Plan Inc and what are their salaries?
The average compensation at Temple Faculty Practice Plan Inc during 2024 was $307,901. There are 807 employees and 2 volunteers at Temple Faculty Practice Plan Inc.
Here are 23 key members and their salaries (Temple Faculty Practice Plan Inc's CEO's salary is $699,919 and their total compensation is $751,140):
- Compensation: $745,336
- Related: $758,236
- Other: $34,994
- Compensation: $218,861
- Related: $289,381
- Other: $41,993
- Compensation: $699,919
- Related: $0
- Other: $51,221
- Compensation: $0
- Related: $2,146,433
- Other: $35,333
- Compensation: $95,238
- Related: $1,125,000
- Other: $63,221
- Compensation: $414,914
- Related: $532,117
- Other: $19,666
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $468,586
- Related: $1,025,000
- Other: $35,494
- Compensation: $377,046
- Related: $388,860
- Other: $32,763
- Compensation: $486,183
- Related: $809,214
- Other: $52,591
- Compensation: $0
- Related: $976,295
- Other: $46,643
- Compensation: $503,163
- Related: $770,500
- Other: $41,544
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $779,865
- Other: $47,832
- Compensation: $0
- Related: $170,878
- Other: $9,526
- Compensation: $0
- Related: $393,267
- Other: $47,800
- Compensation: $0
- Related: $320,300
- Other: $43,920
- Compensation: $432,187
- Related: $0
- Other: $49,090
- Compensation: $1,349,922
- Related: $1,525,353
- Other: $35,740
- Compensation: $728,475
- Related: $971,496
- Other: $42,290
- Compensation: $913,156
- Related: $942,000
- Other: $41,544
- Compensation: $1,037,684
- Related: $1,032,912
- Other: $42,290
- Compensation: $907,174
- Related: $950,000
- Other: $24,929
Official website here: www.templehealth.org
Where can I find the form 990 for Temple Faculty Practice Plan Inc?
Temple Faculty Practice Plan Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.templehealth.org
Learn more at the official website: www.templehealth.org
Mission Statement of Temple Faculty Practice Plan Inc
Temple Faculty Practice Plan Inc, a renowned organization, is committed to delivering the finest clinical care to patients residing in North and Northeast Philadelphia and its surrounding areas. This mission is twofold; firstly, it aims to cater to the healthcare needs of the community, and secondly, it supports the clinical, administrative, and corporate activities of Temple University Health System. Simultaneously, it remains dedicated to upholding the academic and research objectives of Temple University's Lewis Katz School of Medicine. By integrating exceptional patient care with the academic and research pursuits of the university, Temple Faculty Practice Plan Inc fosters a unique environment that benefits both patients and students alike. The organization's unwavering dedication to providing top-tier clinical care and contributing to the growth of Temple University's healthcare system distinguishes it as a vital pillar in the community.
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Impact
October, 2024
Temple Faculty Practice Plan Inc significantly enhances healthcare access and quality for residents in North and Northeast Philadelphia and surrounding areas. By employing approximately 600 primary care and specialty physicians, it fills critical gaps in medical services, particularly in regions identified as Medically Underserved Areas. This network not only provides essential healthcare services, including inpatient and outpatient care through the Temple University Health System, but also supports the academic and research initiatives of the Lewis Katz School of Medicine. Through this dual commitment to patient care and medical education, Temple Faculty Practice Plan Inc plays a vital role in improving community health outcomes and advancing medical knowledge.
This information is meant to be a general summary of Temple Faculty Practice Plan 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 2024.
- Investment Income: $1,605,161
- Program Service Revenue: $413,983,464
- Gross Receipts: $418,082,985
Assets and Liabilities:
- Total Assets: $109,919,733
- Total Liabilities: $125,036,097
- Net Assets: -$15,116,364
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Physician Revenue
Revenue
$224,459,654
Related Org Physician Svcs
Revenue
$142,699,421
Commonwealth Funding
Revenue
$38,000,000
Physician Contract Revenue
Revenue
$4,952,349
All other program service revenue
Revenue
$2,448,484
Organization Details
Founding Year
2018
Principal Officer
Michael Difranco
Website
www.templehealth.orgNTEE Category
Code: E60 - Health
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