Civic Intelligence

Healthsource of Ohio Inc

EIN 31-0884250 • 501(c)3 • Loveland, OH

Profile

Healthsource of ohio is a not for profit primary care organization consisting of medical, dental and mental health services. We seek to bring to the people of southwest ohio a comprehensive, exceptional quality of healthcare that responds to the needs of the community.

424 Wards Corner Rd Suite 200Loveland, OH 45140

www.healthsourceofohio.com

Siviq Scores

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

Liabilities / Assets

29th percentile

0.10x

Higher debt load relative to assets than 29% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Liabilities / Revenue

23rd percentile

0.15x

Higher debt load relative to revenue than 23% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Net Margin

28th percentile

-1.3%

Higher net margin than 28% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Top Officer Pay

53rd percentile

$511,184

Higher top officer pay than 53% of similar nonprofits.

Top officer pay equals 0.7% of source-year revenue.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Asset Growth

24th percentile

0.1%

Faster asset growth than 24% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Revenue Growth

25th percentile

-0.7%

Faster revenue growth than 25% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Assets

Up

$109,186,372

Up $11,049,227 (+11%) from 2022

Liabilities

Up

$11,004,517

Up $1,249,208 (+13%) from 2022

Net Assets

Up

$98,181,855

Up $9,800,019 (+11%) from 2022

Revenue

Up

$73,560,228

Up $5,601,144 (+8.2%) from 2022

Expenses

Up

$74,513,091

Up $18,140,127 (+32%) from 2022

Net Income

Down

-$952,863

Down $12,538,983 (-108%) from 2022

Trend Graphs

Balance Sheet Trend

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

$150M$100M$50M$0Assets 2010: $31,028,378Liabilities 2010: $18,000,864Net Assets 2010: $13,027,5142010Assets 2012: $36,685,560Liabilities 2012: $8,219,787Net Assets 2012: $28,465,7732012Assets 2013: $40,634,786Liabilities 2013: $8,792,822Net Assets 2013: $31,841,9642013Assets 2014: $44,968,761Liabilities 2014: $8,825,976Net Assets 2014: $36,142,7852014Assets 2015: $49,477,128Liabilities 2015: $8,686,593Net Assets 2015: $40,790,5352015Assets 2016: $55,648,998Liabilities 2016: $7,838,222Net Assets 2016: $47,810,7762016Assets 2017: $61,599,973Liabilities 2017: $8,041,253Net Assets 2017: $53,558,7202017Assets 2018: $66,890,663Liabilities 2018: $9,069,077Net Assets 2018: $57,821,5862018Assets 2019: $73,477,170Liabilities 2019: $7,918,070Net Assets 2019: $65,559,1002019Assets 2020: $84,578,401Liabilities 2020: $8,631,584Net Assets 2020: $75,946,8172020Assets 2021: $92,512,898Liabilities 2021: $9,031,905Net Assets 2021: $83,480,9932021Assets 2022: $98,137,145Liabilities 2022: $9,755,309Net Assets 2022: $88,381,8362022Assets 2024: $109,186,372Liabilities 2024: $11,004,517Net Assets 2024: $98,181,8552024

Highlighted filing

2024

Assets$109,186,372
Liabilities$11,004,517
Net Assets$98,181,855

Operations Trend

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

$80M$60M$40M$20M$0-$20MExpenses 2010: $26,900,0882010Expenses 2012: $31,582,3792012Revenue 2013: $36,556,166Expenses 2013: $33,352,036Net Income 2013: $3,204,1302013Revenue 2014: $38,774,601Expenses 2014: $34,438,284Net Income 2014: $4,336,3172014Revenue 2015: $41,737,990Expenses 2015: $36,562,969Net Income 2015: $5,175,0212015Revenue 2016: $46,192,931Expenses 2016: $39,105,112Net Income 2016: $7,087,8192016Revenue 2017: $47,801,428Expenses 2017: $42,184,082Net Income 2017: $5,617,3462017Revenue 2018: $51,493,277Expenses 2018: $46,825,264Net Income 2018: $4,668,0132018Revenue 2019: $50,767,064Expenses 2019: $44,978,214Net Income 2019: $5,788,8502019Revenue 2020: $58,527,239Expenses 2020: $49,439,911Net Income 2020: $9,087,3282020Revenue 2021: $59,555,200Expenses 2021: $52,678,329Net Income 2021: $6,876,8712021Revenue 2022: $67,959,084Expenses 2022: $56,372,964Net Income 2022: $11,586,1202022Revenue 2024: $73,560,228Expenses 2024: $74,513,091Net Income 2024: -$952,8632024

Highlighted filing

2024

Revenue$73,560,228
Expenses$74,513,091
Net Income-$952,863

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$109$11.0$98.2$73.6$74.5$0.95
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$98.1$9.76$88.4$68.0$56.4$11.6
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$92.5$9.03$83.5$59.6$52.7$6.88
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$84.6$8.63$75.9$58.5$49.4$9.09
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$73.5$7.92$65.6$50.8$45.0$5.79
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$66.9$9.07$57.8$51.5$46.8$4.67
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$61.6$8.04$53.6$47.8$42.2$5.62
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$55.6$7.84$47.8$46.2$39.1$7.09
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$49.5$8.69$40.8$41.7$36.6$5.18
2014Detailed filing. Detailed filing data is available for this year.$45.0$8.83$36.1$38.8$34.4$4.34
2013Detailed filing. Detailed filing data is available for this year.$40.6$8.79$31.8$36.6$33.4$3.20
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$36.7$8.22$28.5$31.6
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$31.0$18.0$13.0$26.9
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 5, 2025
Return Version
2024v5.1
Gross Receipts
$73,560,228
Mission and Program Overview

Mission

Healthsource of ohio is a nonprofit primary care organization consisting of medical, dental and mental health services. We seek to bring to the people of southwest ohio a comprehensive, exceptional quality of healthcare that responds to the needs of the community.

Healthsource of ohio is a nonprofit community health center that provides quality, patient-centered health care to underserved patients in southwest ohio.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$60,634,684$63,959,178▲ $3,324,494
Land, Buildings, and Equipment, Net$29,579,684$29,689,430▲ $109,746
Accounts Receivable$6,629,487$6,165,491▼ $463,996
Savings and Temporary Cash Investments$7,576,492$4,895,838▼ $2,680,654
Prepaid Expenses and Deferred Charges$861,805$1,007,650▲ $145,845
Inventories for Sale or Use$819,179$862,483▲ $43,304
Cash and Non-Interest-Bearing Accounts$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0--
Investments in Publicly Traded Securities$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$109,052,181$109,186,372▲ $134,191
Other Assets Total$2,950,850$2,606,302▼ $344,548
Liabilities
Accounts Payable and Accrued Expenses$7,102,523$7,856,144▲ $753,621
Other Liabilities$3,012,608$2,236,866▼ $775,742
Mortgage Notes Payable Secured by Investment Property$964,087$820,425▼ $143,662
Deferred Revenue$123,164$91,082▼ $32,082
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$11,202,382$11,004,517▼ $197,865
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$97,849,799$98,181,855▲ $332,056
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$97,849,799$98,181,855▲ $332,056
Total Liabilities and Net Assets / Fund Balance$109,052,181$109,186,372▲ $134,191

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$24,701,264$7,894,517$32,595,781
Equipment$4,800,334$12,166,874$16,967,208
Land$3,075,358-$3,075,358
Leasehold Improvements$-3,182,502$5,242,219$2,059,717
Other Land Buildings$294,976$343,628$638,604
Other Securities$14,201--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kimberly PattonPresident and Chief Executive Officer - Term EndedFT$142,176$369,008$511,184
Joseph PratherPresident and Chief Executive Officer - Term StartedFT$372,949$77,332$450,281
Sherry JohnsonPhysician - Ob/gynFT$362,189$52,976$415,165
Holly Binnig MdChief Clinical OfficerFT$285,831$104,857$390,688
Roger ChangPhysician - Family PracticeFT$236,246$131,506$367,752
Alexandra ForemanPhysician - Ob/gynFT$310,534$55,392$365,926
Michael DietzMedical DirectorFT$248,119$117,629$365,748
Thomas DucroChief Financial OfficerFT$264,730$100,540$365,270
Regina LovettePhysician - Ob/gynFT$297,414$52,670$350,084
Lisa JacksonChief Strategy and Marketing OfficerFT$227,625$76,763$304,388
Heather McnicholsChief Human Resources OfficerFT$203,853$83,949$287,802
Samuel RotunnaChief Pharmacy OfficerFT$191,515$84,150$275,665
Steven StrathmannVice President of Philanthropy - Term EndedFT$130,303$134,878$265,181
Mary Bridget FossettVice President of Clinical Operations - Term EndedFT$130,367$100,749$231,116
Rachel KustosChief Operating Officer - Term StartedFT$131,879$2,975$134,854
Douglas MossSenior Director of Revenue Cycle Operations - Term StartedFT$75,105$9,151$84,256

Board Members and Trustees

NameTitle
Mark McandrewChairperson
Jina BohlVice-chairperson
Cyndy WrightTrustee
Gail KofordTrustee
Kevin LeflerTrustee
Konstantinos ElefterTrustee
Stephen HoodTrustee
Tiffany MattinglyTrustee
Diana WilliamsTrustee - Term Ended
Leonard Randolph Jr MdTrustee - Term Ended
Megan MitchellTrustee - Term Ended
Douglas McdonaldSecretary / Treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Cloudmed Solutions LLCIt Cloud ServicesPO BOX 208272, Dallas, TX 75320-8272$825,305
Wcbc Limited PartnershipBulding Rental6281 TRI-RIDGE BLVD SUITE 180, Loveland, OH 45140$497,134
Envision Commercial Cleaning LLCCleaning Services52 EAST CRESCENTVILLE RD, West Chester, OH 45246$433,276
Welltower INCBuilding RentalPO BOX 733532, Dallas, TX 75373-3532$360,113
Perkinscarmack Construction LLCBuilding Contractor6005 MEIJER DRIVE, Milford, OH 45150$259,912
Revenue and Support

Revenue Composition

Contributions and Grants
$9,558,429
Program Service Revenue
$60,099,709
Investment Income
$3,043,776
Other Revenue
$858,314
All Other Contributions
$0
Change in Net Assets
$-952,863

Audited Revenue Reconciliation

Revenue per Audited Statements
$0
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$0
Total Revenue per Form 990
$0
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$40,197,034
Other Expenses$34,196,057
Grants and Similar Amounts Paid$120,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$25,284,005$5,053,233$0$30,337,238
Fees for Services Other$3,430,987$685,713$0$4,116,700
Current Officers, Directors, Trustees, and Key Employees$2,750,639$549,740$0$3,300,379
Information Technology$2,449,524$489,559$0$2,939,083
Other Employee Benefits$2,393,024$478,267$0$2,871,291
Occupancy$2,088,776$417,460$0$2,506,236
Depreciation Depletion$2,248,672$195,537$0$2,444,209
Payroll Taxes$1,934,351$386,597$0$2,320,948
Other Expenses$1,442,645$288,326$0$1,730,971
Pension Plan Contributions$1,139,449$227,729$0$1,367,178
Fees for Services Management$574,943$114,908$0$689,851
Advertising$384,702$76,886$0$461,588
Office Expenses$283,927$56,745$0$340,672
Travel$195,624$39,097$0$234,721
Insurance$134,290$54,851$0$189,141
Conferences and Meetings$142,449$28,470$0$170,919
Grants to Domestic Orgs$120,000--$120,000
Fees for Services Accounting$68,988$13,788$0$82,776
Interest$0$48,667$0$48,667
Fees for Services Legal$3,333$666$0$3,999
Total Functional Expenses$62,269,218$12,243,873$0$74,513,091

Audited Expense Reconciliation

Line ItemAmount
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Expenses per Audited Statements$0
Other Expense Adjustments$0
Total Expenses per Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Healthsource FoundationLoveland, OH501 (c) (3)General Needs$120,000
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
Federal Income Taxes$2,236,866
Lease Liability-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
Yes
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, Line 4 Significant changes to organizational documents

The following changes were made to the By-Laws on 1/3/2024: * Article II: Updated the mission statement to read: Our mission is to provide exceptional health care to everyone in the community and to be passionate advocates for those who need us most. * Article V, Section 1 (a): Added "grant applications" as an additional item for which the Board is responsible. * Article V, Section 1 (k): Changed "Personnel policies" to "Operational policies" * Article V, Section 2 (2): Added the following health care industry definition: "For purposes of the health center, Board composition at HealthSource of Ohio, the health care industry is defined as being comprised of clinicians and/or clinical staff who actively provide direct patient care services."

Form 990, Part VI, Line 11B Review of form 990 by governing body

The 2024 healthsource of ohio form 990 was prepared by forvis mazars, llp, healthsource of ohio's audit firm, and then reviewed in detail by management and the finance committee. Once reviewed and approved, the finance committee recommends acceptance to the full board prior to filing the form 990 with the internal revenue service.

Form 990, Part VI, Line 12C Conflict of interest policy

The board signs a conflict of interest statement annually. All new members are required to sign the statement when they are appointed to the board. Healthsource of ohio personnel authorized to purchase goods or services are required to complete a no conflict of interest statement as part of the purchasing process.

Form 990, Part VI, Line 15A Process to establish compensation of top management official

The board of healthsource of ohio utilizes comparable data along with salary compensation survey guidelines to determine the compensation paid to the president/ceo. Compensation of other officers or key employees of the organization are determined by the president/ceo annually.

Form 990, Part VI, Line 15B Process to establish compensation of other employees

The board of healthsource of ohio utilizes comparable data along with salary compensation survey guidelines to determine the compensation paid to the president/ceo. Compensation of other officers or key employees of the organization are determined by the president/ceo annually.

Form 990, Part VI, Line 19 Required documents available to the public

Healthsource of ohio makes its most recently audited financial statements, governing documents and conflict of interest policy available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Healthsource of Ohio Inc
EIN
31-0884250
Phone
5135767700
Address
424 Wards Corner Rd Suite 200, Loveland, OH 45140

Signing Officer

Name
Thomas Ducro Jr
Title
CFO
Phone
5135767700
Signed
2025-11-05
Discuss with paid preparer
Yes

Organization Details

Formed
1976
Legal Domicile
Oh
Voting Board Members
9
Independent Board Members
9
Employees
501
Volunteers
0

Preparer

Firm
Forvis Mazars LLP
Address
312 Walnut Street Suite 3000, Cincinnati, OH 45202
Preparer
Aaron Hershberger
Phone
5136218300
Supplemental Narrative

Financial Statement Notes

Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote

Healthsource and foundation have been recognized as exempt from income taxes under section 501 of the internal revenue code and a similar provision of state law. However, both entities are subject to federal income tax on any unrelated business taxable income. Centerprise is a single member limited liability corporation and is disregarded for income tax purposes. All three entities file returns in the u.s. Federal jurisdiction.

Raw XML AppendixShowing 400 of 1,206 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.

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