Civic Intelligence

Bridgeway Health Clinics Inc

EIN 83-4599943 • 501(c)3 • Fort Walton Beach, FL

990-N Coverage

Profile

Not for profit primary care clinic providing services to uninsured patients on a sliding fee scale and also providing primary care services to patients with medicaid/medicare.

205A Shell AvenueFort Walton Beach, FL 32548

bridgewayhealthclinics.org

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2023

Liabilities / Revenue

35th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $500k-$1M nonprofits • Source year 2023

Net Margin

97th percentile

83%

Higher net margin than 97% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

62nd percentile

$32,692

Higher top officer pay than 62% of similar nonprofits.

Top officer pay equals 3.5% of source-year revenue.

501(c)3 • $500k-$1M nonprofits • Source year 2023

Asset Growth

2nd percentile

-100%

Faster asset growth than 2% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

98th percentile

400%

Faster revenue growth than 98% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Assets

Down

$0

Down $163,069 (-100%) from 2022

Liabilities

Down

$0

Down $945,899 (-100%) from 2022

Net Assets

Up

$0

Up $782,830 (+100%) from 2022

Revenue

Up

$937,643

Up $750,248 (+400%) from 2022

Expenses

Down

$154,813

Down $236,017 (-60%) from 2022

Net Income

Up

$782,830

Up $986,265 (+485%) from 2022

Trend Graphs

Balance Sheet Trend

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

$1.0M$500K$0-$500K-$1.0MAssets 2021: $127,497Liabilities 2021: $706,892Net Assets 2021: -$579,3952021Assets 2022: $163,069Liabilities 2022: $945,899Net Assets 2022: -$782,8302022Assets 2023: $0Liabilities 2023: $0Net Assets 2023: $02023

Highlighted filing

2023

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2021: $258,225Expenses 2021: $366,033Net Income 2021: -$107,8082021Revenue 2022: $187,395Expenses 2022: $390,830Net Income 2022: -$203,4352022Revenue 2023: $937,643Expenses 2023: $154,813Net Income 2023: $782,8302023

Highlighted filing

2023

Revenue$937,643
Expenses$154,813
Net Income$782,830

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Apr 25, 2024
Return Version
2022v5.0
Gross Receipts
$940,736
Mission and Program Overview

Mission

Not for profit primary care clinic providing services to uninsured patients on a sliding fee scale and also providing primary care services to patients with medicaid/medicare.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$104,292$0▼ $104,292
Prepaid Expenses and Deferred Charges$31,768$0▼ $31,768
Cash and Non-Interest-Bearing Accounts$23,598$0▼ $23,598
Land, Buildings, and Equipment, Net$3,411$0▼ $3,411
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Rtn Earn Endowment Incm Other Fnds$-782,830$0▲ $782,830
Total Assets$163,069$0▼ $163,069
Other Assets Total-$0-
Liabilities
Mortgage Notes Payable Secured by Investment Property$400,000--
Other Liabilities$310,321$0▼ $310,321
Accounts Payable and Accrued Expenses$181,329--
Deferred Revenue$54,249--
Total Liabilities$945,899$0▼ $945,899
Net Assets / Fund Balance
Total Net Assets Fund Balance$-782,830$0▲ $782,830
Total Liabilities and Net Assets / Fund Balance$163,069$0▼ $163,069
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Heidi AllenCEOFT$32,038$654$32,692

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$25,231
Program Service Revenue
$67,550
Investment Income
$0
Other Revenue
$844,862
All Other Contributions
$245
Change in Net Assets
$782,830
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$99,167
Salaries, Compensation, and Employee Benefits$55,646
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$49,296--$49,296
Fees for Services Other$44,004--$44,004
Insurance$31,768--$31,768
Office Expenses$15,904--$15,904
Payroll Taxes$3,772--$3,772
Other Employee Benefits$2,578--$2,578
Other Expenses$672$697-$672
Depreciation Depletion$318--$318
All Other Expenses-$290-$290
Information Technology$72--$72
Interest-$4-$4
Total Functional Expenses$152,660$2,153$0$154,813
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The final draft 990 is distributed to the clinic program director and financial consultant for review, questions, input, and approval before submittal to the internal revenue service.

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

Bridgeway health clinics, inc. (bhc) requires board of directors (bod) and officers to complete a conflict of interest statement each year. All significant transactions are reviewed by management and the bod to ensure that no conflict of interest exists. The human resources (hr) department will investigate all allegations of violations. Proportionate disciplinary action will be taken including dismissal based upon the fact finding of the due diligence investigation(s). A board member had to resign due to his wife being hired as a contractor.

Form 990, Part VI, Section B, Line 15

Line 15a and line 15b - compensation process for ceo, executive director, or top management official as well as for other officers and key employees the human resources (hr) department maintains the classification plan. The classification plan is a hierarchal group of positions and wage/salary ranges within bhc. The wage/salary ranges reflect the value of a job in the external market and/or internal value to bhc. Key factors that the classification plan directly relates to are talent recruitment, motivation, and internal equity. Maintaining a strong wage/salary structure is imperative for bhc in order to be align with the overall labor market. The classification plan assists bhc in avoiding paying associates too much and increasing operating costs or paying associates too little and having difficulty attracting and retaining top talent. To ensure bhc remains competitive within the marketplace, hr will initiate an annual review of the classification plan in july. This in-depth adjustment involves a selection of representative sample of benchmark jobs using current published compensation surveys for bhc's competitive market. The competitive salary data is collected and then compared to bhc's salary range of midpoints to the market medians. Positions are grouped into different classification levels based upon the minimum years of experience and education for the position and contractual requirements. Bhc's classification plan identifies the progression of position grouping through levels and assists in determining the appropriate placement of a position. Annual updates to bhc's classification plan include the following: * review wage statistics from the bureau of labor statistics (bls.gov) website of occupational employment and wages for each position within the different classification levels in comparison to what is currently in place within bci's classification plan. The results will help bhc determine the degree to which the wage ranges should be adjusted. It will also identify any positions or a position group whose pay is moving at a different pace than the rest of the market and may need to be adjusted into a different classification level. * identification and addition of new positions that are not listed within a level of bhc's classification plan or organizational chart. All positions are listed in a classification level within the classification plan and on the organizational chart. * identification of positions that will not be re-filled and require deletion from bhc's classification plan and organizational chart. * when an analysis reveals that a position is underpaid resulting in a base wage increase, an audit is conducted of the positions effected by the increase within that classification level. Necessary adjustments will be made to the associate's wage to ensure that it meets the new minimum base (starting) wage for that position. * when an analysis reveals that a position is overpaid, bhc may "red-line" that position by keeping the base pay the same for current associates. Bhc will also adjust the pay level downward when filling the job after those associates separate from employment.

Form 990, Part VI, Section C, Line 19

The financial statements, governing documents, and conflict of interest policy are available upon request.

Filing and Contact Details

Filer

Filer Name
Bridgeway Health Clinics Inc
EIN
83-4599943
Phone
8502268857
Address
205A SHELL AVENUE, FORT WALTON BEACH, FL 32548

Signing Officer

Name
Stefanie Fontaine
Title
Director of Growth & Development
Phone
8508333975
Signed
2024-04-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Stefanie Fontaine
Formed
2019
Legal Domicile
Fl
Voting Board Members
11
Independent Board Members
11
Employees
6
Volunteers
3

Preparer

Firm
Carr Riggs & Ingram LLC
Address
500 GRAND BOULEVARD SUITE 210, MIRAMAR BEACH, FL 32550
Preparer
Chad F Branson
Phone
8508373141
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 3

Bridgeway health clinics opened during covid pandemic and ceased the operations in this fiscal year when pandemic was over. Remaining liabilites were forgiven by creditors after all assets were exhausted.

Form 990, Part IX, Line 11G

Other professional fees: program service expenses 44,004. Management and general expenses 0. Fundraising expenses 0. Total expenses 44,004.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BRIDGEWAY HEALTH CLINICS OPENED DURING COVID PANDEMIC AND CEASED THE OPERATIONS IN THIS FISCAL YEAR WHEN PANDEMIC WAS OVER. REMAINING LIABILITES WERE FORGIVEN BY CREDITORS AFTER ALL ASSETS WERE EXHAUSTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FINAL DRAFT 990 IS DISTRIBUTED TO THE CLINIC PROGRAM DIRECTOR AND FINANCIAL CONSULTANT FOR REVIEW, QUESTIONS, INPUT, AND APPROVAL BEFORE SUBMITTAL TO THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BRIDGEWAY HEALTH CLINICS, INC. (BHC) REQUIRES BOARD OF DIRECTORS (BOD) AND OFFICERS TO COMPLETE A CONFLICT OF INTEREST STATEMENT EACH YEAR. ALL SIGNIFICANT TRANSACTIONS ARE REVIEWED BY MANAGEMENT AND THE BOD TO ENSURE THAT NO CONFLICT OF INTEREST EXISTS. THE HUMAN RESOURCES (HR) DEPARTMENT WILL INVESTIGATE ALL ALLEGATIONS OF VIOLATIONS. PROPORTIONATE DISCIPLINARY ACTION WILL BE TAKEN INCLUDING DISMISSAL BASED UPON THE FACT FINDING OF THE DUE DILIGENCE INVESTIGATION(S). A BOARD MEMBER HAD TO RESIGN DUE TO HIS WIFE BEING HIRED AS A CONTRACTOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3LINE 15A AND LINE 15B - COMPENSATION PROCESS FOR CEO, EXECUTIVE DIRECTOR, OR TOP MANAGEMENT OFFICIAL AS WELL AS FOR OTHER OFFICERS AND KEY EMPLOYEES THE HUMAN RESOURCES (HR) DEPARTMENT MAINTAINS THE CLASSIFICATION PLAN. THE CLASSIFICATION PLAN IS A HIERARCHAL GROUP OF POSITIONS AND WAGE/SALARY RANGES WITHIN BHC. THE WAGE/SALARY RANGES REFLECT THE VALUE OF A JOB IN THE EXTERNAL MARKET AND/OR INTERNAL VALUE TO BHC. KEY FACTORS THAT THE CLASSIFICATION PLAN DIRECTLY RELATES TO ARE TALENT RECRUITMENT, MOTIVATION, AND INTERNAL EQUITY. MAINTAINING A STRONG WAGE/SALARY STRUCTURE IS IMPERATIVE FOR BHC IN ORDER TO BE ALIGN WITH THE OVERALL LABOR MARKET. THE CLASSIFICATION PLAN ASSISTS BHC IN AVOIDING PAYING ASSOCIATES TOO MUCH AND INCREASING OPERATING COSTS OR PAYING ASSOCIATES TOO LITTLE AND HAVING DIFFICULTY ATTRACTING AND RETAINING TOP TALENT. TO ENSURE BHC REMAINS COMPETITIVE WITHIN THE MARKETPLACE, HR WILL INITIATE AN ANNUAL REVIEW OF THE CLASSIFICATION PLAN IN JULY. THIS IN-DEPTH ADJUSTMENT INVOLVES A SELECTION OF REPRESENTATIVE SAMPLE OF BENCHMARK JOBS USING CURRENT PUBLISHED COMPENSATION SURVEYS FOR BHC'S COMPETITIVE MARKET. THE COMPETITIVE SALARY DATA IS COLLECTED AND THEN COMPARED TO BHC'S SALARY RANGE OF MIDPOINTS TO THE MARKET MEDIANS. POSITIONS ARE GROUPED INTO DIFFERENT CLASSIFICATION LEVELS BASED UPON THE MINIMUM YEARS OF EXPERIENCE AND EDUCATION FOR THE POSITION AND CONTRACTUAL REQUIREMENTS. BHC'S CLASSIFICATION PLAN IDENTIFIES THE PROGRESSION OF POSITION GROUPING THROUGH LEVELS AND ASSISTS IN DETERMINING THE APPROPRIATE PLACEMENT OF A POSITION. ANNUAL UPDATES TO BHC'S CLASSIFICATION PLAN INCLUDE THE FOLLOWING: * REVIEW WAGE STATISTICS FROM THE BUREAU OF LABOR STATISTICS (BLS.GOV) WEBSITE OF OCCUPATIONAL EMPLOYMENT AND WAGES FOR EACH POSITION WITHIN THE DIFFERENT CLASSIFICATION LEVELS IN COMPARISON TO WHAT IS CURRENTLY IN PLACE WITHIN BCI'S CLASSIFICATION PLAN. THE RESULTS WILL HELP BHC DETERMINE THE DEGREE TO WHICH THE WAGE RANGES SHOULD BE ADJUSTED. IT WILL ALSO IDENTIFY ANY POSITIONS OR A POSITION GROUP WHOSE PAY IS MOVING AT A DIFFERENT PACE THAN THE REST OF THE MARKET AND MAY NEED TO BE ADJUSTED INTO A DIFFERENT CLASSIFICATION LEVEL. * IDENTIFICATION AND ADDITION OF NEW POSITIONS THAT ARE NOT LISTED WITHIN A LEVEL OF BHC'S CLASSIFICATION PLAN OR ORGANIZATIONAL CHART. ALL POSITIONS ARE LISTED IN A CLASSIFICATION LEVEL WITHIN THE CLASSIFICATION PLAN AND ON THE ORGANIZATIONAL CHART. * IDENTIFICATION OF POSITIONS THAT WILL NOT BE RE-FILLED AND REQUIRE DELETION FROM BHC'S CLASSIFICATION PLAN AND ORGANIZATIONAL CHART. * WHEN AN ANALYSIS REVEALS THAT A POSITION IS UNDERPAID RESULTING IN A BASE WAGE INCREASE, AN AUDIT IS CONDUCTED OF THE POSITIONS EFFECTED BY THE INCREASE WITHIN THAT CLASSIFICATION LEVEL. NECESSARY ADJUSTMENTS WILL BE MADE TO THE ASSOCIATE'S WAGE TO ENSURE THAT IT MEETS THE NEW MINIMUM BASE (STARTING) WAGE FOR THAT POSITION. * WHEN AN ANALYSIS REVEALS THAT A POSITION IS OVERPAID, BHC MAY "RED-LINE" THAT POSITION BY KEEPING THE BASE PAY THE SAME FOR CURRENT ASSOCIATES. BHC WILL ALSO ADJUST THE PAY LEVEL DOWNWARD WHEN FILLING THE JOB AFTER THOSE ASSOCIATES SEPARATE FROM EMPLOYMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE FINANCIAL STATEMENTS, GOVERNING DOCUMENTS, AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 44,004. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 44,004.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART III, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 11G
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IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd01
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IRS990/WebsiteAddressTxt0HTTPS://BRIDGEWAYHEALTHCLINICS.ORG/
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