Civic Intelligence

Premium Health Inc

EIN 30-0640372 • 501(c)3 • Brooklyn, NY

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Premium health inc. (center) is committed to providing compassionate, culturally competent and comprehensive health care and behavioral health services to all in the community in need, regardless of ability to pay.

620 Foster AvenueBrooklyn, NY 11230

www.premiumhealthcenter.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

84th percentile

0.76x

Higher debt load relative to assets than 84% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Liabilities / Revenue

69th percentile

0.71x

Higher debt load relative to revenue than 69% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Net Margin

47th percentile

3.6%

Higher net margin than 47% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Top Officer Pay

80th percentile

$693,105

Higher top officer pay than 80% of similar nonprofits.

Top officer pay equals 2.8% of source-year revenue.

501(c)3 • $50M-$100M nonprofits • Source year 2022

Asset Growth

84th percentile

22%

Faster asset growth than 84% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2022 to 2024

Revenue Growth

90th percentile

62%

Faster revenue growth than 90% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2022 to 2024

Balance Sheet
Liabilities / Assets84th percentile

Assets

Up

$60,746,931

Up $19,907,971 (+49%) from 2022

Liabilities

Up

$46,140,552

Up $9,236,108 (+25%) from 2022

Net Assets

Up

$14,606,379

Up $10,671,863 (+271%) from 2022

Operations
Liabilities / Revenue69th percentileNet Margin47th percentile

Revenue

Up

$64,985,496

Up $40,362,731 (+164%) from 2022

Expenses

Up

$62,665,447

Up $38,262,912 (+157%) from 2022

Net Income

Up

$2,320,049

Up $2,099,819 (+953%) from 2022

Trend Graphs

Balance Sheet Trend

Asset Growth84th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$80M$60M$40M$20M$0-$20MAssets 2011: $227,794Liabilities 2011: $206,452Net Assets 2011: $21,3422011Assets 2012: $1,621,669Liabilities 2012: $2,007,865Net Assets 2012: -$386,1962012Assets 2014: $1,811,771Liabilities 2014: $4,616,387Net Assets 2014: -$2,804,6162014Assets 2015: $1,947,232Liabilities 2015: $5,002,050Net Assets 2015: -$3,054,8182015Assets 2016: $4,058,352Liabilities 2016: $6,881,376Net Assets 2016: -$2,823,0242016Assets 2017: $5,670,986Liabilities 2017: $8,308,308Net Assets 2017: -$2,637,3222017Assets 2018: $7,887,046Liabilities 2018: $7,901,669Net Assets 2018: -$14,6232018Assets 2019: $8,726,670Liabilities 2019: $8,007,470Net Assets 2019: $719,2002019Assets 2020: $10,654,545Liabilities 2020: $9,709,395Net Assets 2020: $945,1502020Assets 2021: $15,319,146Liabilities 2021: $11,604,860Net Assets 2021: $3,714,2862021Assets 2022: $40,838,960Liabilities 2022: $36,904,444Net Assets 2022: $3,934,5162022Assets 2024: $60,746,931Liabilities 2024: $46,140,552Net Assets 2024: $14,606,3792024

Highlighted filing

2024

Assets$60,746,931
Liabilities$46,140,552
Net Assets$14,606,379
Open 2024 Filing

Operations Trend

Revenue Growth90th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$80M$60M$40M$20M$0-$20MRevenue 2011: $175,000Expenses 2011: $143,838Net Income 2011: $31,1622011Expenses 2012: $402,2002012Revenue 2014: $1,266,771Expenses 2014: $2,401,362Net Income 2014: -$1,134,5912014Revenue 2015: $2,794,236Expenses 2015: $3,044,438Net Income 2015: -$250,2022015Revenue 2016: $4,740,553Expenses 2016: $4,508,759Net Income 2016: $231,7942016Revenue 2017: $7,279,138Expenses 2017: $7,093,436Net Income 2017: $185,7022017Revenue 2018: $11,298,583Expenses 2018: $8,675,884Net Income 2018: $2,622,6992018Revenue 2019: $11,423,651Expenses 2019: $10,689,828Net Income 2019: $733,8232019Revenue 2020: $15,365,772Expenses 2020: $15,139,822Net Income 2020: $225,9502020Revenue 2021: $22,822,242Expenses 2021: $20,053,106Net Income 2021: $2,769,1362021Revenue 2022: $24,622,765Expenses 2022: $24,402,535Net Income 2022: $220,2302022Revenue 2024: $64,985,496Expenses 2024: $62,665,447Net Income 2024: $2,320,0492024

Highlighted filing

2024

Revenue$64,985,496
Expenses$62,665,447
Net Income$2,320,049
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$60,746,931
Liabilities
$46,140,552
Net assets
$14,606,379
Revenue
$64,985,496
Expenses
$62,665,447
Net income
$2,320,049
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$60.7$46.1$14.6$65.0$62.7$2.32
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$40.8$36.9$3.93$24.6$24.4$0.22
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.3$11.6$3.71$22.8$20.1$2.77
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.7$9.71$0.95$15.4$15.1$0.23
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.73$8.01$0.72$11.4$10.7$0.73
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.89$7.90$0.01$11.3$8.68$2.62
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.67$8.31$2.64$7.28$7.09$0.19
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.06$6.88$2.82$4.74$4.51$0.23
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.95$5.00$3.05$2.79$3.04$0.25
2014Detailed filing. Detailed filing data is available for this year.$1.81$4.62$2.80$1.27$2.40$1.13
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.62$2.01$0.39$0.40
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.23$0.21$0.02$0.18$0.14$0.03
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 29, 2025
Return Version
2024v5.2
Gross Receipts
$64,985,496
Mission and Program Overview

Mission

Premium health inc. (center) is committed to providing compassionate, culturally competent and comprehensive health care and behavioral health services to all in the community in need, regardless of ability to pay.

To operate a diagnostic and treatment center, in order to improve the health of the medically underserved individuals in the community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$7,614,843$9,983,210▲ $2,368,367
Cash and Non-Interest-Bearing Accounts$11,732,992$9,884,111▼ $1,848,881
Accounts Receivable$8,132,442$8,995,456▲ $863,014
Other Notes and Loans Receivable, Net$0$4,252,308▲ $4,252,308
Prepaid Expenses and Deferred Charges$1,738,397$1,297,242▼ $441,155
Pledges and Grants Receivable$535,811$258,778▼ $277,033
Savings and Temporary Cash Investments$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$57,840,545$60,746,931▲ $2,906,386
Other Assets Total$28,086,060$26,075,826▼ $2,010,234
Liabilities
Other Liabilities$32,999,084$31,065,147▼ $1,933,937
Unsecured Notes Loans Payable$7,110,601$8,300,662▲ $1,190,061
Accounts Payable and Accrued Expenses$5,257,030$6,399,743▲ $1,142,713
Deferred Revenue$187,500$375,000▲ $187,500
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$45,554,215$46,140,552▲ $586,337
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$12,286,330$14,606,379▲ $2,320,049
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$12,286,330$14,606,379▲ $2,320,049
Total Liabilities and Net Assets / Fund Balance$57,840,545$60,746,931▲ $2,906,386

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$2,027,666$3,464,080$5,491,746
Equipment$3,417,492$1,361,287$4,778,779
Other Land Buildings$4,538,052$155,567$4,693,619
Other Assets Org$25,335,924--
Compensation and Service Providers
Top Officer Pay80th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Glenn S HirschPsychiatry & Behavioral ChairFT$826,306$41,477$867,783
Meir BrodyExecutive DirectorFT$703,431$73,410$776,841
Daniel Howard SaltzmanMedical Director Womens HealthFT$598,705$57,129$625,834
Adela WichsPhysicianFT$481,569$58,943$523,846
Sara TarsisDermatologistFT$434,500$58,666$493,101
Raymond SultanPhysician AssistantFT$390,647$156,801$469,114
Jacqueline GutermanDirector of ObgynFT$396,687$96,710$453,397
Rachel Blima GreenbaumChief Digital and InformationFT$281,475$26,082$402,557
Tzvi FishmanChief Operating OfficerFT$334,993$62,571$390,064
Michelle ArmsObstetrician-GynecologistFT$322,495$27,282$389,777
Judy RosenChief Financial OfficerFT$322,904$24,882$377,786
Mallay B OcchiogrossoDirector of Behavioral HealthFT$349,263$13,240$362,503
Michael BrandsdorferChief Strategy officerFT$236,920$58,951$295,871
Judith SandorfyChief of Human ResourcesFT$151,514$6,212$165,226
Judith SandorfyFormer Chief of Human Resource-$159,014-$159,014
Marc KronenbergChief Administrative OfficerFT$146,149$9,911$156,125

Board Members and Trustees

NameTitle
Alexander OrnsteinPresident
Mark S WeinstockVice Chair Started April 24
Joseph KrauszVice President Ended April 24
Avi SternBoard Member
Chaim PinterBoard Member
Elky MillerBoard Member
Esther BernsteinBoard Member
Shmeal WiederBoard Member
Chaim SteinmetzSecretary/treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Boro Park Pediatric Associates PllHealthcare Services4406 12th Avenue, Brooklyn, NY 11219$14,064,118
Marcal Contracting LLCConstruction2361 Nostrand Avenue 901, Brooklyn, NY 11210$2,012,130
Optima Fqhc SolutionsBilling32 CROSS STREET, Lakewood, NJ 08701$1,755,382
Supreme Diagnostic LLCDiagnostics1450 47 Street, Brooklyn, NY 11219$660,000
Jerry PerlowinCleaning65-61 Saunders Street 4P, Rego Park, NY 11374$467,082
Revenue and Support

Revenue Composition

Contributions and Grants
$746,053
Program Service Revenue
$63,774,358
Investment Income
$327,060
Other Revenue
$138,025
Change in Net Assets
$2,320,049

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Drugs and Medical Supplies1$174,487Fair Market Value (FMV)
Total Noncash Contributions1$174,487-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$33,934,091
Salaries, Compensation, and Employee Benefits$25,724,360
Grants and Similar Amounts Paid$3,006,996
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$16,265,996$1,382,631-$17,648,627
Other Salaries and Wages$14,521,685$3,054,070-$17,575,755
Occupancy$4,590,103$322,013-$4,912,116
Current Officers, Directors, Trustees, and Key Employees$2,350,600$2,069,990-$4,420,590
Grants to Domestic Orgs$3,006,996--$3,006,996
Information Technology$1,626,621$458,791-$2,085,412
Other Employee Benefits$1,361,225$261,574-$1,622,799
Payroll Taxes$1,140,157$324,350-$1,464,507
Depreciation Depletion$1,053,843$88,142-$1,141,985
Pension Plan Contributions$526,697$114,012-$640,709
Fees for Services Legal$303,786$186,555-$490,341
Fees for Services Accounting$118,800$338,200-$457,000
Interest$420,323$34,571-$454,894
Office Expenses$335,077$100,747-$435,824
Other Expenses$127,904$123,235$0$251,139
Advertising$185,576$32,036-$217,612
Travel$165,619$46,713-$212,332
Insurance$159,361$9,596-$168,957
Fees for Services Lobbying-$132,150-$132,150
Total Functional Expenses$53,469,928$9,195,519$0$62,665,447
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Health Cubed IncBrooklyn, NY501c(3)To Help With Cost of New Health Care Organization Which Premium Is the Sole Member.$2,232,000
Kochavim Behavioral Health IncBrooklyn, NY501(c)(3)To Help With Cost of New Health Care Organization Which Premium Is the Sole Member.$774,996
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Liability$31,007,180
Finance Lease Liability$57,967
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B Line 11B

“A copy of the 990 is given to the board members prior to filing. Any questions are brought to the preparers attention before filing.”

Form 990, Part VI, Section B, Line 12C

“Each board member and officer signs annually a conflict of interest statement. If a conflict were to be found, the conflicted person would be recused from matters relating to his/her possible conflict.”

Form 990, Part VI, Section B, Line 15A

“The center's board of directors has a fair market value report done for the executive directors compensation from an outside consultant, which reviews comparable compensation data for the executive director's position from other form 990's. The board approves the executive director's salary and benefits. The last compensation review was done in 2024.”

Form 990, Part VI, Section B, Line 15B

“The center's board of directors reviews comparable compensation data for the medical director's position from other form 990's. The board approves the medical director's salary and benefits and a written employment contract is executed. The last compensation review was done in 2024.”

Form 990, Part VI, Section C, Line 19

“These documents are available upon request.”

Filing and Contact Details

Filer

Filer Name
Premium Health Inc
EIN
30-0640372
In Care Of
% MEIR BRODY
Phone
7184077300
Address
620 FOSTER AVENUE, BROOKLYN, NY 11230

Signing Officer

Name
Meir Brody
Title
Executive Director
Phone
7184077300
Signed
2025-10-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Meir Brody
Formed
2010
Legal Domicile
Ny
Voting Board Members
9
Independent Board Members
9
Employees
220
Volunteers
10

Preparer

Firm
Brand Sonnenschine LLP
Address
1641 East 16th Street FL 4, Brooklyn, NY 11229
Phone
2122190220
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

“The process has not changed from the prior year.”

Form 990 Part IX Line 11G

“Description:contracted medical fees` total fees:14491478”

Form 990 Part IX Line 11G

“Description:billing total fees:1761745”

Form 990 Part IX Line 11G

“Description:other total fees:1395404”

Financial Statement Notes

Part X Line 2

“The Entity has no unrecognized tax benefits at December 31, 2024. The Center's federal and state income tax returns prior to fiscal year 2021 are closed and management continually evaluates expiring statutes of limitations, audits, proposed settlements, changes in tax law, and new authoritative rulings.”

Raw XML AppendixShowing 400 of 940 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/AccountsPayableAccrExpnssGrp/BOYAmt05257030
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IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0TO OPERATE A DIAGNOSTIC AND TREATMENT CENTER, IN ORDER TO IMPROVE THE HEALTH OF THE MEDICALLY UNDERSERVED INDIVIDUALS IN THE COMMUNITY.
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IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt02069990
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IRS990/CYTotalRevenueAmt064985496
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IRS990/DelegationOfMgmtDutiesInd0false
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IRS990/DisregardedEntityInd0false
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IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt0220
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/EscrowAccountLiabilityGrp/BOYAmt00
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