Solvera Healthcare Center
Solvera Healthcare Center reported $16.3 million in revenue and $8.3 million in expenses for calendar year 2024. Of every $100 it spent, $79.60 went to program services, $20.40 to management and general costs and $0.00 to fundraising. Its largest source of revenue was contributions and grants: 60.9% of the total. The highest compensation it reported for one person was $326,334 (PHYSICIAN). 9 people received more than $100,000 in reportable compensation. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $8.3MFor context, the median across 5,634 covered health care charities: $86.19 programs, $13.81 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $16M- Contributions & grants (non-government)$60.39 $9.9M
- Program service revenue$37.83 $6.2M
- Other revenue$1.78 $292K
Investment income was negative: −$151K. The bar shows the positive sources only.
The 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 79.6% | 85.6% |
| Management & general Part IX 25(C) ÷ 25(A) | 20.4% | 13.7% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.00 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 60.9% | 1.3% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.0% | 0.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 38.2% | 93.7% |
| Highest reported compensation Part VII-A, columns D–F | $326,334 | $975,831 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 3.93% | 1.34% |
| People paid over $100,000 Part VII, line 2 | 9 | 27 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | -4.4 | 6.6 |
| Independent voting board members Part VI 1a–1b | 10 of 10 | 88.9% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseHighest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PHYSICIAN Highest compensated employee, 40.00 hrs/week | $301,720 | $0 | $24,614 | $326,334 |
| PHYSICIAN Highest compensated employee, 40.00 hrs/week | $222,817 | $0 | $35,733 | $258,550 |
| PHYSICIAN Highest compensated employee, 40.00 hrs/week | $173,873 | $0 | $3,985 | $177,858 |
| PHYSICIAN Highest compensated employee, 40.00 hrs/week | $118,272 | $0 | $34,341 | $152,613 |
| COO Officer, 40.00 hrs/week | $140,000 | $0 | $0 | $140,000 |
| NURSE PRACTI Highest compensated employee, 40.00 hrs/week | $122,115 | $0 | $0 | $122,115 |
| CEO Officer, 40.00 hrs/week | $96,000 | $0 | $4,795 | $100,795 |
| CMO(10/31/24 Officer, 40.00 hrs/week | $60,000 | $0 | $0 | $60,000 |
9 people received more than $100,000 in reportable compensation from Solvera Healthcare Center (Part VII, line 2). Compensation of current officers, directors and key employees totaled $479K (Part IX, line 5).
4 filings since FY2021 (10 mo.)
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b10 · 10 independent
- Audited financial statements Part XII 2bNo
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2Yes
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26Yes
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 579
- Volunteers Part I, line 610
Correct a figure or respond
Every number above is copied from Solvera Healthcare Center's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Solvera Healthcare Center, you can publish a response that is linked from this page.
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Of every $100 Solvera Healthcare Center spent in 2024, $79.60 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Vose River Charitable FundBethesda, MD · revenue $16M · programs 98.8% · 2024
- University PlaceLemont, IL · revenue $16M · programs 82.8% · FY2025
- St George Medical ClinicParsons, WV · revenue $16M · programs 82.6% · FY2025
- Alliance Health of BrocktonSouthborough, MA · revenue $16M · programs 76.4% · 2024
- Wheaton Franciscan Healthcare - Terrace at St FrancisSt Louis, MO · revenue $16M · programs 80.9% · FY2025
Questions people ask
How much of Solvera Healthcare Center's spending goes to programs?
In calendar year 2024, Solvera Healthcare Center reported that 79.6% of its $8.3 million in expenses went to program services, 20.4% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Solvera Healthcare Center pay its top executive?
The largest total compensation Solvera Healthcare Center reported for one person in calendar year 2024 was $326,334, for the role of PHYSICIAN (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Solvera Healthcare Center get its money?
Of $16.3 million in revenue in calendar year 2024, 60.9% came from contributions and grants and 38.2% from program service revenue (Form 990, Part VIII).
Is Solvera Healthcare Center a registered charity?
The IRS lists EIN 86-2788917 as a 501(c)(3) organization (publicly supported organization (509(a)(2))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202523189349304587 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202413179349302081 · read the filing
- 2022: Form 990 for calendar year 2022, object 202343189349305769 · read the filing
- FY2021 (10 mo.): Form 990 for the 10-month short period ending December 31, 2021, object 202223199349302037 · read the filing
All filings for EIN 86-2788917: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.