Healthsource of Ohio Inc
501(c)(3) Donations tax-deductible
84% goes to programs $0 to raise $100 Strong reserves Growing revenue
Healthsource of Ohio Inc is a 501(c)(3) organization based in Loveland, Ohio, registered in 1977, with $73,560,228 in FY2024 revenue. CharityIndex grades it A, and it directs about 84% of spending to programs.
424 Wards Corner Rd Ste 200, Loveland, OH, 45140 EIN 31-0884250 Since 1977
Revenue (FY2024)
$73.6M
▼ 0.7% vs prior year
Expenses (FY2024)
$74.5M
Net assets
$98.2M
Employees
501
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating84% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Healthsource of Ohio Inc: 84% to programs · $0 to raise $100 earns a A on this criterion. See the exact thresholds →
AFinancial health25% of the rating16 mo reserves · -1% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Healthsource of Ohio Inc: 16 mo reserves · -1% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Healthsource of Ohio Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Healthsource of Ohio Inc: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
Healthsource of ohio is a nonprofit community health center that provides quality, patient-centered health care to underserved patients in southwest ohio.
What they do
Healthsource of ohio, inc. obtained a grant from at still university to educate and mentor doctorate osteopathic students.
New computer system was established bringing more effective patient care and greater tracking of data for billing and patient services.
Other donations have been received in an effort to offset capital cost of new facility projects.
Contact & location
Financial trends
Revenue grew from $36.6M (FY2013) to $73.6M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $11.0MNet assets $98.2M
Operating margin
-1.3%
Spent more than it raised in the latest fiscal year.
Total assets
$109.2M
Total liabilities
$11.0M
Net assets
$98.2M
Salaries & benefits
$40.2M
54% of expenses
Board members
9
9 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $73,560,228▼0.7% | $74,513,091▲9.7% | $98,181,855▲0.3% | $109,186,372▲0.1% | 990 |
| 2023 | $74,052,832▲9.0% | $67,927,759▲20.5% | $97,849,799▲10.7% | $109,052,181▲11.1% | 990 |
| 2022 | $67,959,084▲14.1% | $56,372,964▲7.0% | $88,381,836▲5.9% | $98,137,145▲6.1% | 990 |
| 2021 | $59,555,200▲1.8% | $52,678,329▲6.6% | $83,480,993▲9.9% | $92,512,898▲9.4% | 990 |
| 2020 | $58,527,239▲15.3% | $49,439,911▲9.9% | $75,946,817▲15.8% | $84,578,401▲15.1% | 990 |
| 2019 | $50,767,064▼1.4% | $44,978,214▼3.9% | $65,559,100▲13.4% | $73,477,170▲9.8% | 990 |
| 2018 | $51,493,277▲7.7% | $46,825,264▲11.0% | $57,821,586▲8.0% | $66,890,663▲8.6% | 990 |
| 2017 | $47,801,428▲3.5% | $42,184,082▲7.9% | $53,558,720▲12.0% | $61,599,973▲10.7% | 990 |
| 2016 | $46,192,931▲10.7% | $39,105,112▲7.0% | $47,810,776▲17.2% | $55,648,998▲12.5% | 990 |
| 2015 | $41,737,990▲7.6% | $36,562,969▲6.2% | $40,790,535▲12.9% | $49,477,128▲10.0% | 990 |
| 2014 | $38,774,601▲6.1% | $34,438,284▲3.3% | $36,142,785▲13.5% | $44,968,761▲10.7% | 990 |
| 2013 | $36,556,166 | $33,352,036▲5.6% | $31,841,964▲11.9% | $40,634,786▲10.8% | 990 |
| 2012 | — | $31,582,379▲6.4% | $28,465,773▲22.7% | $36,685,560▲6.6% | 990 |
| 2011 | — | $29,692,412▲10.4% | $23,206,736▲78.1% | $34,429,468▲11.0% | 990 |
| 2010 | — | $26,900,088 | $13,027,514 | $31,028,378 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Kimberly Patton — $485,415 (0.65% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Kimberly Patton | President and Chief Executive Officer - Term Ended | 40 | $485,415 |
| Joseph Prather | President and Chief Executive Officer - Term Started | 40 | $423,531 |
| Sherry Johnson | Physician - Ob/gyn | 40 | $377,637 |
| Holly Binnig Md | Chief Clinical Officer | 40 | $363,868 |
| Alexandra Foreman | Physician - Ob/gyn | 40 | $329,948 |
| Thomas Ducro | Chief Financial Officer | 40 | $324,363 |
| Regina Lovette | Physician - Ob/gyn | 40 | $323,277 |
| Roger Chang | Physician - Family Practice | 40 | $318,611 |
| Michael Dietz | Medical Director | 40 | $316,330 |
| Lisa Jackson | Chief Strategy and Marketing Officer | 40 | $279,221 |
| Heather Mcnichols | Chief Human Resources Officer | 40 | $260,784 |
| Steven Strathmann | Vice President of Philanthropy - Term Ended | 40 | $236,709 |
| Samuel Rotunna | Chief Pharmacy Officer | 40 | $228,278 |
| Mary Bridget Fossett | Vice President of Clinical Operations - Term Ended | 40 | $214,957 |
| Rachel Kustos | Chief Operating Officer - Term Started | 40 | $131,879 |
| Douglas Moss | Senior Director of Revenue Cycle Operations - Term Started | 40 | $75,105 |
| Cyndy Wright | Trustee | 3 | — |
| Diana Williams | Trustee - Term Ended | 3 | — |
| Douglas Mcdonald | Secretary / Treasurer | 3 | — |
| Gail Koford | Trustee | 3 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Cloudmed Solutions LLC | It Cloud Services | $825,305 |
| Wcbc Limited Partnership | Bulding Rental | $497,134 |
| Envision Commercial Cleaning LLC | Cleaning Services | $433,276 |
| Welltower Inc | Building Rental | $360,113 |
| Perkinscarmack Construction LLC | Building Contractor | $259,912 |
Grants received · $108K total
4 grants to Healthsource of Ohio Inc totaling $108K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Greater Cincinnati Foundation | Programatic support | 2024 | $18,220 |
| Greater Cincinnati Foundation | Programatic support | 2024 | $18,220 |
| Direct Relief | Covid19-us | 2019 | $49,140 |
| Greater Cincinnati Foundation | General purpose | 2015 | $22,244 |
Grants made · $120K in FY2024
1 grant totaling $120K in FY2024. All grants made by Healthsource of Ohio Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Healthsource Foundation | General needs | $120,000 |
Frequently asked questions
- Is Healthsource of Ohio Inc a legitimate nonprofit?
- Yes. Healthsource of Ohio Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 31-0884250, based in Loveland, Ohio. Donations are tax-deductible.
- What is Healthsource of Ohio Inc's EIN?
- Healthsource of Ohio Inc's Employer Identification Number (EIN) is 31-0884250.
- How much revenue does Healthsource of Ohio Inc report?
- Healthsource of Ohio Inc reported $73,560,228 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Healthsource of Ohio Inc's spending goes to programs?
- Healthsource of Ohio Inc spends about 84% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Healthsource of Ohio Inc have?
- CharityIndex grades Healthsource of Ohio Inc A, based on program efficiency and fundraising cost.
- How much does Healthsource of Ohio Inc's highest-paid employee make?
- The highest reported compensation on Healthsource of Ohio Inc's latest Form 990 is $485,415, paid to Kimberly Patton (President and Chief Executive Officer - Term Ended).
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Data for Healthsource of Ohio Inc (EIN 31-0884250) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.