Healthsource Of Ohio Inc
- Assets
- $84.6m
- Revenue
- $58.5m
- Investments
- $39.3m
- Employees
- 528
- Location
- Loveland, OH
- Founding
- 01/1977
- Data as of
- 12/2020
- EIN
- 31-0884250
Organization Overview
Healthsource Of Ohio Inc is located in Loveland, OH. The organization was established in 1977. According to its NTEE Classification (E32) the organization is classified as: Community Clinics, under the broad grouping of Health Care and related organizations. As of 12/2021, Healthsource Of Ohio Inc employed 528 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Healthsource Of Ohio Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2020, Healthsource Of Ohio Inc generated $58.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $49.4m during the year ending 12/2020. While expenses have increased by 5.2% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
HEALTHSOURCE OF OHIO IS A NONPROFIT COMMUNITY HEALTH CENTER THAT PROVIDES QUALITY, PATIENT-CENTERED HEALTH CARE TO UNDERSERVED PATIENTS IN SOUTHWEST OHIO.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FEDERAL COMMUNITY HEALTH CENTERS PROVIDING MEDICAL, DENTAL, PHARMACY, AND MENTAL HEALTH VISITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sherry Johnson DO Physician | 40 | $396,081 | |
Jeffrey Lubow MD Physician | 40 | $303,183 | |
Kimberly Patton President/ceo | Officer | 40 | $295,251 |
Holly Binnig MD Medical Director | Officer | 40 | $292,236 |
Regina Lovette DO Physician | 40 | $278,225 | |
Michael Dietz DO Physician | 40 | $262,667 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Roundtower Technologies Llc Info Technology | 12/30/21 | $288,424 |
Envision Commercial Cleaning Cleaning | 12/30/21 | $318,137 |
Healthcare Ga Batavia Oh Mob Llc Rent | 12/30/21 | $315,792 |
Wcbc Limited Partnership Rent | 12/30/21 | $362,437 |
Perkinscarmack Construction Llc Construction | 12/30/21 | $258,491 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,454,851 |
| Investment income | $1,089,759 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $347,795 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $58,527,239 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,470,131 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $21,169,186 |
| Pension plan accruals and contributions | $804,083 |
| Other employee benefits | $2,576,335 |
| Payroll taxes | $1,487,600 |
| Fees for services: Management | $1,705,235 |
| Fees for services: Legal | $1,497 |
| Fees for services: Accounting | $60,555 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,518,487 |
| Advertising and promotion | $196,013 |
| Office expenses | $308,535 |
| Information technology | $2,376,506 |
| Royalties | $0 |
| Occupancy | $2,067,807 |
| Travel | $126,142 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $135,521 |
| Interest | $85,036 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,027,376 |
| Insurance | $131,402 |
| All other expenses | $0 |
| Total functional expenses | $49,439,911 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $11,232,850 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,087,508 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $574,035 |
| Prepaid expenses and deferred charges | $260,683 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $39,309,905 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $84,578,401 |
| Accounts payable and accrued expenses | $5,327,802 |
| Grants payable | $0 |
| Deferred revenue | $1,318,097 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,985,685 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $8,631,584 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $75,946,817 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Healthsource Of Ohio Inc has recieved totaling $46,000.
| Awarding Organization | Amount |
|---|---|
Interact For Health Cincinnati, OH PURPOSE: NON-COMPETITIVE GRANT | $20,000 |
The Healthpath Foundation Of Ohio Cincinnati, OH PURPOSE: PROGRAM SUPPORT | $16,000 |
Delta Dental Fund Lansing, MI PURPOSE: COVID DENTAL EQUIPMENT GRANT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Licking Memorial Professional Corporation Newark, OH | $22,762,276 | $47,650,568 |
Mclaren Health Management Group Davison, MI | $97,591,258 | $95,427,508 |
University Medical Diagnostic Associates Inc Indianapolis, IN | $57,232,311 | $87,451,887 |
Cherry Street Services Inc Grand Rapids, MI | $88,865,093 | $84,792,038 |
Greater Philadelphia Health Action Philadelphia, PA | $86,083,655 | $90,116,312 |
Community Health Associates Inc Galion, OH | $8,085,875 | $50,228,840 |
Hillsdale Community Health Center Hillsdale, MI | $70,560,868 | $75,764,555 |
Goshen Health System Inc Goshen, IN | $13,380,075 | $68,845,777 |
Great Lakes Bay Health Centers Saginaw, MI | $43,109,994 | $68,616,758 |
Hopewell Health Centers Inc Chillicothe, OH | $48,966,923 | $74,549,175 |
St Joseph Medical Group Reading, PA | $5,215,799 | $64,685,081 |
Family Care Centers Inc East Stroudsburg, PA | $18,451,872 | $36,100,173 |