Summit Medical Group Inc
83% goes to programs $0 to raise $100 Thin reserves Growing revenue
Summit Medical Group Inc is a 501(c)(3) organization based in Erlanger, Kentucky, registered in 1998, with $548,332,119 in FY2024 revenue. CharityIndex grades it B, and it directs about 83% of spending to programs.
1360 Dolwick Dr Ste 200, Erlanger, KY, 41018 EIN 61-1300608 Since 1998
Revenue (FY2024)
$548.3M
▲ 12.2% vs prior year
Health median: $840K
Expenses (FY2024)
$547.1M
Net assets
$21.2M
Employees
2,891
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
C+Program efficiency40% of the rating83% 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 Summit Medical Group Inc: 83% to programs · $0 to raise $100 earns a C+ on this criterion. See the exact thresholds →
CFinancial health25% of the rating0 mo reserves · +0% 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 Summit Medical Group Inc: 0 mo reserves · +0% margin earns a C on this criterion. See the exact thresholds →
AGovernance25% of the rating5 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 Summit Medical Group Inc: 5 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 Summit Medical Group Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Summit medical group, inc. dba st. elizabeth physicians ("sep") is a multi-specialty physician organization, dedicated to physician directed delivery of quality medical care in the northern kentucky, southwestern ohio, and southeastern indiana areas. sep provides quality health care to all patients regardless of their ability to pay.
Contact & location
- Address
- 1360 Dolwick Dr Ste 200, Erlanger, KY, 41018
- City
- Erlanger
- State
- Kentucky
- Category
- Health Care
- Subcategory
- Hospitals
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $206.3M (FY2013) to $548.3M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $213.4MNet assets $21.2M
Operating margin
0.2%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$234.6M
Total liabilities
$213.4M
Net assets
$21.2M
Salaries & benefits
$427.0M
78% of expenses
Board members
17
0 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $548,332,119▲12.2% | $547,093,808▲6.4% | $21,175,273▲5074% | $234,616,272▲12.3% | 990 |
| 2023 | $488,811,199▲6.4% | $514,243,325▲11.6% | -$425,717▼107% | $208,890,607▲7.5% | 990 |
| 2022 | $459,566,276▲8.1% | $460,711,313▲6.6% | $6,128,949▲319% | $194,320,329▲2.2% | 990 |
| 2021 | $425,285,378▲17.6% | $432,141,988▲17.4% | -$2,795,367▲78.2% | $190,205,942▲17.8% | 990 |
| 2020 | $361,498,574▲1.1% | $367,997,484▲6.6% | -$12,806,016▼55.2% | $161,505,600▲22.5% | 990 |
| 2019 | $357,405,081▲6.8% | $345,101,163▲8.0% | -$8,249,162▲10.7% | $131,881,432▲235% | 990 |
| 2018 | $334,728,573▲8.9% | $319,491,911▲9.1% | -$9,234,278▼437% | $39,337,741▲1.1% | 990 |
| 2017 | $307,450,515▲16.5% | $292,833,514▲10.1% | -$1,718,775▼136% | $38,912,623 | 990 |
| 2016 | $263,998,458▲7.6% | $265,928,623▲6.4% | $4,801,456▲302% | $38,912,256▼1.2% | 990 |
| 2015 | $245,358,612▲7.4% | $249,986,742▲10.4% | -$2,376,437▼1350% | $39,382,145▼4.5% | 990 |
| 2014 | $228,443,977▲10.7% | $226,457,049▲14.3% | -$163,887▲99.0% | $41,245,848▲10.2% | 990 |
| 2013 | $206,282,924 | $198,084,279▲12.7% | -$16,016,810▼352% | $37,439,786▲14.0% | 990 |
| 2012 | — | $175,814,028▲31.9% | $6,348,901▼69.3% | $32,828,047▼22.6% | 990 |
| 2011 | — | $133,337,429▲52.0% | $20,695,594▼18.1% | $42,432,582▲10.7% | 990 |
| 2010 | — | $87,724,879 | $25,258,270 | $38,323,491 | 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: Neal Moser Md — $1,567,729 (0.29% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Neal Moser Md | Physician | 50 | $1,567,729 |
| William Willmott Md | Physician | 50 | $1,502,584 |
| Ivan Bedoya-apraez Md | Physician | 50 | $1,297,012 |
| Pratish Shah Md | Physician | 50 | $1,276,276 |
| Colleen Darnell Md | Physician | 50 | $1,189,381 |
| Chaitanya Mandapakala Md | Physician/vice Chair | 50 | $961,639 |
| Douglas Flora Md | Physician/former Executive Medical Director | 0 | $838,243 |
| Susan Oakley Md | Former Vice Chair | 0 | $743,075 |
| Noreen Durrani Md | Physician/director | 50 | $701,315 |
| Daniel Flora Md | Physician/director | 50 | $633,530 |
| Curtis Dorsch Md | Physician/director Thru March 2024 | 50 | $590,104 |
| Sonia Chopra Md | Physician/director | 50 | $514,922 |
| Vickie Chan Md | Physician/director | 50 | $483,668 |
| Donald Price Md | Physician/chair | 50 | $459,367 |
| Thom Bunnell Do | Physician/director | 50 | $407,062 |
| Bradley Patterson Md | Physician/director As of January 2024 | 50 | $385,848 |
| Ann Beers Md | Physician/chief Medical Officer | 50 | $381,285 |
| Linda Hermiller-steller Md | Physician/director | 50 | $378,121 |
| Stacey Bishop-yeatman Md | Physician/director | 50 | $369,025 |
| Amy Haney Md | Physician/director | 50 | $312,979 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Dressman Benzinger Lavelle Psc | Legal Services | $1,666,195 |
| Degenhardt Enterprises LLC | Cleaning Services | $875,458 |
| Timothy J Kappes | Collections Services | $586,023 |
| Jackson & Coker Locumtenens LLC | Physician Services | $444,731 |
| Experian Health Inc | Revenue Services | $422,766 |
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Frequently asked questions
- Is Summit Medical Group Inc a legitimate nonprofit?
- Yes. Summit Medical Group Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 61-1300608, based in Erlanger, Kentucky. Donations are tax-deductible.
- What is Summit Medical Group Inc's EIN?
- Summit Medical Group Inc's Employer Identification Number (EIN) is 61-1300608.
- How much revenue does Summit Medical Group Inc report?
- Summit Medical Group Inc reported $548,332,119 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Summit Medical Group Inc's spending goes to programs?
- Summit Medical Group Inc spends about 83% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Summit Medical Group Inc have?
- CharityIndex grades Summit Medical Group Inc B, based on program efficiency and fundraising cost.
- How much does Summit Medical Group Inc's highest-paid employee make?
- The highest reported compensation on Summit Medical Group Inc's latest Form 990 is $1,567,729, paid to Neal Moser Md (Physician).
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Data for Summit Medical Group Inc (EIN 61-1300608) 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.