Satellite Healthcare Inc
Only 35% goes to programs Strong reserves Declining revenue
Satellite Healthcare Inc is a 501(c)(3) organization based in Milpitas, California, registered in 1973, with $91,828,804 in FY2024 revenue. CharityIndex grades it B, and it directs about 35% of spending to programs.
860 Hillview Ct Ste 250, Milpitas, CA, 95035 EIN 23-7290564 Since 1973
Revenue (FY2024)
$91.8M
▼ 31.8% vs prior year
Health median: $840K
Expenses (FY2024)
$76.4M
Net assets
$70.1M
Employees
2,607
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
CProgram efficiency40% of the rating35% to programs
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 Satellite Healthcare Inc: 35% to programs earns a C on this criterion. See the exact thresholds →
AFinancial health25% of the rating11 mo reserves · +17% 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 Satellite Healthcare Inc: 11 mo reserves · +17% margin earns a A on this criterion. See the exact thresholds →
BGovernance25% of the rating4 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 Satellite Healthcare Inc: 4 of 6 checks met earns a B 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 Satellite Healthcare Inc: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
Since 1973, the mission has been to make life better for those with kidney disease by supporting research, providing education, and ensuring access to care for those affected.
What they do
Satellite healthcare provided scholarships and internships and fellowships. satellite healthcare sponsors fellows from stanford university and other academic institutions to help train and inspire the next generation of nephrology clinical and research professionals during a one-year fellowship at satellite healthcare. in our fellowship program, nephrology physicians-in-training spend a fellowship year at satellite healthcare focused on dialysis-related research and quality improvement projects directly related to patient care delivery at satellite.
Contact & location
- Address
- 860 Hillview Ct Ste 250, Milpitas, CA, 95035
- City
- Milpitas
- State
- California
- Category
- Health Care
- Subcategory
- Clinics & Primary Care
- Phone
- …
- Website
- …
Financial trends
Revenue declined from $188.9M (FY2013) to $91.8M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $68.6MNet assets $70.1M
Operating margin
16.8%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$138.7M
Total liabilities
$68.6M
Net assets
$70.1M
Salaries & benefits
$21.3M
28% of expenses
Board members
3
3 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $91,828,804▼31.8% | $76,407,709▼72.6% | $70,134,716▼70.0% | $138,745,619▼64.4% | 990 |
| 2023 | $134,662,306▼26.4% | $278,849,211▼8.4% | $234,065,936▼34.9% | $390,135,239▼26.4% | 990 |
| 2022 | $182,983,874▼34.9% | $304,278,546▲15.1% | $359,544,738▼21.0% | $530,400,810▼4.4% | 990 |
| 2021 | $281,086,278▲13.7% | $264,359,129▼3.8% | $455,322,345▼1.8% | $555,073,330▲3.5% | 990 |
| 2020 | $247,159,480▼8.0% | $274,896,735▼3.6% | $463,538,714▼0.4% | $536,529,201▲2.7% | 990 |
| 2019 | $268,601,884▲5.5% | $285,227,313▲3.3% | $465,493,315▲4.7% | $522,532,090▲5.9% | 990 |
| 2018 | $254,701,518▲1.6% | $276,044,692▲7.6% | $444,385,929▼2.8% | $493,269,228▼2.6% | 990 |
| 2017 | $250,733,872▲0.1% | $256,571,690▲12.6% | $457,363,073▲8.0% | $506,570,140▲7.5% | 990 |
| 2016 | $250,471,716▲24.3% | $227,889,694▲9.1% | $423,623,408▲2.1% | $471,261,912▲0.4% | 990 |
| 2015 | $201,581,941▼2.3% | $208,808,188▲3.4% | $414,842,994▼1.0% | $469,203,972▲1.9% | 990 |
| 2014 | $206,296,771▲9.2% | $201,897,217▲13.7% | $419,196,981▲7.1% | $460,576,788▲7.1% | 990 |
| 2013 | $188,898,528 | $177,497,594▲5.7% | $391,563,170▲17.8% | $429,877,986▲16.0% | 990 |
| 2012 | — | $167,985,559▲10.4% | $332,299,650▲31.5% | $370,454,198▲29.4% | 990 |
| 2011 | — | $152,169,214▲6.0% | $252,732,454▲7.1% | $286,342,702▲4.0% | 990 |
| 2010 | — | $143,513,620 | $235,960,874 | $275,414,807 | 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: Bernadette N Vincent — $433,031 (0.57% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Bernadette N Vincent | Former Coo | 0 | $433,031 |
| Sreekanth Kamojjala | Chief Technology Officer (thru 4/24) | 40 | $379,547 |
| Hussein Wael | Cmo - Research (thru 1/24) | 40 | $312,250 |
| Ken J Leidner | Former Chief Growth Officer | 0 | $150,000 |
| Brigitte Schiller Moran | Former Chief Medical Officer | 0 | $135,081 |
| Thomas Williams | Director & Interim Ceo (thru 3/24) | 40 | $103,827 |
| Robert Fahlman | Director (thru 6/24) | 3 | $31,251 |
| Luis Alvarez | Director (thru 6/24) | 3 | $27,501 |
| Christobel Selecky | Director & President | 3 | $24,999 |
| Glen Chertow | Director | 3 | $24,999 |
| Sarah Blanchard | Director (thru 6/24) | 3 | $24,999 |
| Elizabeth Burr | Director (thru 6/24) | 3 | $22,500 |
| John Panetta | Director (thru 6/24) | 3 | — |
| Mark Caputo | Manager & Special Advisory To Ceo | 40 | — |
| Mary Dittrich | Chief Medical Officer | 40 | — |
| Meredith Hugo | Svp/cao | 40 | — |
| Ryan Pardo | General Counsel & Secretary | 40 | — |
| Steve Springer | Svp of Finance | 40 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Us Renal Care Inc | Management Services | $5,177,058 |
| Speridian Technologies | It Consulting | $533,540 |
| Mcdermott Will & Emery | Legal Services | $386,870 |
| Bethsaida Nephrology and Internal Medici | Medical Services | $308,750 |
| Barnett Medical Services | Bio Medical Services | $212,415 |
Grants received · $10K total
1 grant to Satellite Healthcare Inc totaling $10K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2019 | $10,000 |
Grants made · $58K in FY2024
2 grants totaling $58K in FY2024. All grants made by Satellite Healthcare Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| American Kidney Fund Inc | General support | $38,074 |
| National Kidney Foundation Inc | 2024 authors luncheon pulitzer price sponsor; 2024 56th annual medical symposium | $20,000 |
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Frequently asked questions
- Is Satellite Healthcare Inc a legitimate nonprofit?
- Yes. Satellite Healthcare Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 23-7290564, based in Milpitas, California. Donations are tax-deductible.
- What is Satellite Healthcare Inc's EIN?
- Satellite Healthcare Inc's Employer Identification Number (EIN) is 23-7290564.
- How much revenue does Satellite Healthcare Inc report?
- Satellite Healthcare Inc reported $91,828,804 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Satellite Healthcare Inc's spending goes to programs?
- Satellite Healthcare Inc spends about 35% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Satellite Healthcare Inc have?
- CharityIndex grades Satellite Healthcare Inc B, based on program efficiency and fundraising cost.
- How much does Satellite Healthcare Inc's highest-paid employee make?
- The highest reported compensation on Satellite Healthcare Inc's latest Form 990 is $433,031, paid to Bernadette N Vincent (Former Coo).
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Data for Satellite Healthcare Inc (EIN 23-7290564) 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.