Premium Health Inc
85% goes to programs $0 to raise $100 Growing revenue
Premium Health Inc is a 501(c)(3) organization based in Brooklyn, New York, registered in 2010, with $64,985,496 in FY2024 revenue. CharityIndex grades it A, and it directs about 85% of spending to programs.
620 Foster Ave Ste 6t, Brooklyn, NY, 11230 EIN 30-0640372 Since 2010
Revenue (FY2024)
$65.0M
▲ 7.9% vs prior year
Health median: $840K
Expenses (FY2024)
$62.7M
Net assets
$14.6M
Employees
220
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 rating85% 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 Premium Health Inc: 85% to programs · $0 to raise $100 earns a A on this criterion. See the exact thresholds →
BFinancial health25% of the rating3 mo reserves · +4% 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 Premium Health Inc: 3 mo reserves · +4% margin earns a B 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 Premium Health Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 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 Premium Health Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
To operate a diagnostic and treatment center, in order to improve the health of the medically underserved individuals in the community.
Contact & location
- Address
- 620 Foster Ave Ste 6t, Brooklyn, NY, 11230
- City
- Brooklyn
- State
- New York
- Category
- Health Care
- Subcategory
- Clinics & Primary Care
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $175K (FY2011) to $65.0M (FY2024) across 13 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $46.1MNet assets $14.6M
Operating margin
3.6%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$60.7M
Total liabilities
$46.1M
Net assets
$14.6M
Salaries & benefits
$25.7M
41% of expenses
Board members
9
9 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $64,985,496▲7.9% | $62,665,447▲20.8% | $14,606,379▲18.9% | $60,746,931▲5.0% | 990 |
| 2023 | $60,215,723▲145% | $51,863,909▲113% | $12,286,330▲212% | $57,840,545▲41.6% | 990 |
| 2022 | $24,622,765▲7.9% | $24,402,535▲21.7% | $3,934,516▲5.9% | $40,838,960▲167% | 990 |
| 2021 | $22,822,242▲48.5% | $20,053,106▲32.5% | $3,714,286▲293% | $15,319,146▲43.8% | 990 |
| 2020 | $15,365,772▲34.5% | $15,139,822▲41.6% | $945,150▲31.4% | $10,654,545▲22.1% | 990 |
| 2019 | $11,423,651▲1.1% | $10,689,828▲23.2% | $719,200▲5018% | $8,726,670▲10.6% | 990 |
| 2018 | $11,298,583▲55.2% | $8,675,884▲22.3% | -$14,623▲99.4% | $7,887,046▲39.1% | 990 |
| 2017 | $7,279,138▲53.6% | $7,093,436▲57.3% | -$2,637,322▲6.6% | $5,670,986▲39.7% | 990 |
| 2016 | $4,740,553▲69.7% | $4,508,759▲48.1% | -$2,823,024▲7.6% | $4,058,352▲108% | 990 |
| 2015 | $2,794,236▲121% | $3,044,438▲26.8% | -$3,054,818▼8.9% | $1,947,232▲7.5% | 990 |
| 2014 | $1,266,771▲718% | $2,401,362▲70.9% | -$2,804,616▼67.9% | $1,811,771▲29.1% | 990 |
| 2013 | $154,926 | $1,404,748▲249% | -$1,670,025▼332% | $1,403,414▼13.5% | 990 |
| 2012 | — | $402,200▲180% | -$386,196▼1910% | $1,621,669▲612% | 990 |
| 2011 | $175,000 | $143,838 | $21,342 | $227,794 | 990EZ |
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: Glenn S Hirsch — $826,306 (1.32% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Glenn S Hirsch | Psychiatry & Behavioral Chair | 40 | $826,306 |
| Meir Brody | Executive Director | 40 | $718,431 |
| Daniel Howard Saltzman | Medical Director Womens Health | 40 | $598,705 |
| Adela Wichs | Physician | 40 | $481,569 |
| Sara Tarsis | Dermatologist | 40 | $434,500 |
| Raymond Sultan | Physician Assistant | 40 | $407,313 |
| Jacqueline Guterman | Director of Obgyn | 40 | $396,687 |
| Rachel Blima Greenbaum | Chief Digital and Information | 40 | $376,475 |
| Michelle Arms | Obstetrician-gynecologist | 40 | $362,495 |
| Judy Rosen | Chief Financial Officer | 40 | $352,904 |
| Mallay B Occhiogrosso | Director of Behavioral Health | 40 | $349,263 |
| Tzvi Fishman | Chief Operating Officer | 40 | $334,993 |
| Michael Brandsdorfer | Chief Strategy Officer | 40 | $236,920 |
| Judith Sandorfy | Chief of Human Resources | 40 | $159,014 |
| Judith Sandorfy | Former Chief of Human Resource | 0 | $159,014 |
| Marc Kronenberg | Chief Administrative Officer | 40 | $146,214 |
| Alexander Ornstein | President | 1 | — |
| Avi Stern | Board Member | 0 | — |
| Chaim Pinter | Board Member | 1 | — |
| Chaim Steinmetz | Secretary/treasurer | 1 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Boro Park Pediatric Associates Pll | Healthcare Services | $14,064,118 |
| Marcal Contracting LLC | Construction | $2,012,130 |
| Optima Fqhc Solutions | Billing | $1,755,382 |
| Supreme Diagnostic LLC | Diagnostics | $660,000 |
| Jerry Perlowin | Cleaning | $467,082 |
Grants received · $3.5M total
11 grants to Premium Health Inc totaling $3.5M, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Sunset Park Health Council Inc | To provide primary health care. this is an official sub-grantee of our 330 grant | 2023 | $233,212 |
| Sunset Park Health Council Inc | To provide primary health care. this is an official sub-grantee of our 330 grant | 2022 | $741,007 |
| Sunset Park Health Council Inc | To provide primary health care. this is an official sub-grantee of our 330 federal grant. | 2021 | $924,336 |
| Sunset Park Health Council Inc | To provide primary health care. this is an official sub-grantee of our 330 federal grant | 2020 | $409,446 |
| Sunset Park Health Council Inc | To provide primary health care. this is an official sub-grantee of our 330 federal grant | 2019 | $359,201 |
| Sunset Park Health Council Inc | To provide primary health care. this is an official subgrantee of our 330 federal grant | 2018 | $259,383 |
| Rose Community Foundation | General operating support | 2018 | $86,025 |
| Sunset Park Health Council Inc | To provide primary care services. this is an official sub-grantee oof our 330 federal grant | 2017 | $202,124 |
| Sunset Park Health Council Inc | To provide primary care services. this is an official sub-grantee of our 330 federal grant | 2016 | $167,000 |
| Sunset Park Health Council Inc | To provide primary care services. this is an official sub-grantee of our 330 federal grant. | 2015 | $30,000 |
| Sunset Park Health Council Inc | To provide primary care services. this is an official sub-grantee of our 330 federal grant. | 2014 | $75,000 |
Grants made · $3.0M in FY2024
2 grants totaling $3.0M in FY2024. All grants made by Premium Health Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Health Cubed Inc | To help with cost of new health care organization which premium is the sole member. | $2,232,000 |
| Kochavim Behavioral Health Inc | To help with cost of new health care organization which premium is the sole member. | $774,996 |
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Compare Premium Health Inc
Frequently asked questions
- Is Premium Health Inc a legitimate nonprofit?
- Yes. Premium Health Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 30-0640372, based in Brooklyn, New York. Donations are tax-deductible.
- What is Premium Health Inc's EIN?
- Premium Health Inc's Employer Identification Number (EIN) is 30-0640372.
- How much revenue does Premium Health Inc report?
- Premium Health Inc reported $64,985,496 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Premium Health Inc's spending goes to programs?
- Premium Health Inc spends about 85% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Premium Health Inc have?
- CharityIndex grades Premium Health Inc A, based on program efficiency and fundraising cost.
- How much does Premium Health Inc's highest-paid employee make?
- The highest reported compensation on Premium Health Inc's latest Form 990 is $826,306, paid to Glenn S Hirsch (Psychiatry & Behavioral Chair).
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Data for Premium Health Inc (EIN 30-0640372) 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.