SATELLITE HEALTHCARE INC

EIN: 237290564 501(c)(3) Health Care

MILPITAS, CA

Total Revenue
$91,828,804
Total Expenses
$76,407,709
Total Assets
$138,745,619
Net Assets
$70,134,716
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1973
Legal Domicile
CA
Principal Officer
CHRISTOBEL SELECKY
Phone
6504043600
Tax Period
2024-01-01 to 2024-12-31

SATELLITE HEALTHCARE INC, founded in 1973, is a mid-sized nonprofit in the Health Care sector that reported $91.8M in total revenue in fiscal year 2024. Revenue fell 32% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $15.4M, a strong 17% operating margin.

Mission

SINCE 1973, THE MISSION HAS BEEN TO MAKE LIFE BETTER FOR THOSE LIVING WITH KIDNEY DISEASE BY SUPPORTING RESEARCH, PROVIDING EDUCATION, AND ENSURING ACCESS TO CARE FOR ALL PATIENTS WITH KIDNEY DISEASE.

Program Service Accomplishments

Program 1
Expenses: $26,914,182 Revenue: $3,697,672

KIDNEY DIALYSIS: CHRONIC KIDNEY DISEASE ("CKD") IS A PUBLIC HEALTH PROBLEM IN THE UNITED STATES THAT IMPACTS APPROXIMATELY 37 MILLION AMERICANS. IT IS WELL KNOWN THAT HYPERTENSION AND DIABETES ARE...

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KIDNEY DIALYSIS: CHRONIC KIDNEY DISEASE ("CKD") IS A PUBLIC HEALTH PROBLEM IN THE UNITED STATES THAT IMPACTS APPROXIMATELY 37 MILLION AMERICANS. IT IS WELL KNOWN THAT HYPERTENSION AND DIABETES ARE TWO LEADING CAUSES OF KIDNEY FAILURE. THE 2021 UNITED STATES RENAL DATA SYSTEM REPORT SHOWS THAT OF 815,896 AMERICANS WHO LIVE WITH END STAGE RENAL DISEASE ("ESRD"), CLOSE TO 69.0% ARE TREATED BY DIALYSIS AND 31% WITH A KIDNEY TRANSPLANT. SATELLITE HEALTHCARE OWNS AND OPERATES 5 IN-CENTER HEMODIALYSIS FACILITIES (SATELLITE DIALYSIS) AND HOME DIALYSIS TRAINING CENTERS (WELLBOUND) PROVIDING A VARIETY OF TREATMENT OPTIONS TO OUR PATIENTS. IN 2024, SATELLITE HEALTHCARE PROVIDED OVER 112,801 DIALYSIS TREATMENTS AND SERVICES TO OVER 350 PATIENTS IN CALIFORNIA, HAWAII, AND TENNESSEE. IN ADDITION, SATELLITE EMPLOYEES PROVIDED DIALYSIS SERVICES TO PATIENTS AT AN ADDITIONAL 80 IN CENTER CLINICS THROUGH A MANAGEMENT SERVICES AGREEMENT WITH U.S RENAL CARE PROVIDING OVER 1 MILLION DIALYSIS TREATMENTS IN 2024.PERITONEAL DIALYSIS AND HOME HEMO CENTER: WELLBOUND, A SATELLITE HEALTHCARE COMPANY, IS THE FIRST HEALTHCARE SERVICES COMPANY TO SPECIALIZE IN THE DELIVERY AND SUPPORT OF DAILY HOME DIALYSIS THERAPIES THROUGH FREE-STANDING, PATIENT-FRIENDLY CENTERS OF EXCELLENCE. OUR UNIQUE CARE MODEL IS BUILT ON THE PREMISE THAT EARLY-STAGE PATIENT EDUCATION IS THE FIRST STEP IN AN EFFECTIVE TREATMENT PROGRAM. AS SUCH, WE DEDICATE SIGNIFICANT RESOURCES TO REACHING PATIENTS BEFORE THEY REQUIRE DIALYSIS. ONCE DIALYSIS IS REQUIRED, WELLBOUND'S GOAL IS TO ENABLE NEPHROLOGISTS TO EASILY OFFER SELF-CARE (HOME) DIALYSIS THERAPIES TO THEIR PATIENTS. WE STRIVE TO EMPOWER PATIENTS TO TAKE CHARGE OF THEIR HEALTH AND EXPERIENCE THE CLINICAL AND QUALITY OF LIFE BENEFITS ASSOCIATED WITH SELF-CARE DIALYSIS.WE STRIVE TO EMPOWER PATIENTS TO TAKE CHARGE OF THEIR HEALTH AND EXPERIENCE THE CLINICAL AND QUALITY OF LIFE BENEFITS ASSOCIATED WITH SELF-CARE DIALYSIS. SEE ALSO COMMUNITY BENEFIT REPORT BELOW.COMMUNITY BENEFIT REPORT: WE REMAINED TRUE TO OUR GOAL OF PROVIDING THE HIGHEST QUALITY, PATIENT-CENTERED CARE AND NEVER RESTED ON ITS LAURELS. AT OUR 5 CENTERS, WE PROVIDED MORE THAN 100,000 DIALYSIS TREATMENTS IN 2024. OUR PATIENTS AND REGULATORS EXPRESSED HIGH PRAISE FOR OUR EFFORTS. AN ANNUAL PATIENT EXPERIENCE SURVEY CONDUCTED SHOWED THAT 70 PERCENT OF SATELLITE CENTERS WERE RATED 4 OR 5 STARS OUT OF 5 STARS BY PATIENTS, COMPARED WITH THE NATIONAL AVERAGE OF 43%. IN THE 5-STAR RATINGS FOR QUALITY AWARDED BY CMS, 57 PERCENT OF OUR CENTERS ACHIEVED 4 OR 5 STARS, COMPARED WITH THE NATIONAL AVERAGE OF 23 PERCENT. THESE RATINGS ARE NO SMALL FEAT AND REFLECT THE SENTIMENTS OF IMPORTANT AND INFLUENTIAL AUDIENCES.IN 2024, OUR CHARITABLE CONTRIBUTIONS TOTALED $175,000 FOR UNCOMPENSATED CARE, GRANTS AND INTERNSHIPS. SATELLITE HEALTHCARE SUPPORTED VARIOUS NATIONAL KIDNEY FOUNDATION AND AMERICAN KIDNEY FUND ACTIVITIES. THESE ACTIVITIES ALLOWED US TO COLLABORATE WITH LONGTIME COMMUNITY PARTNERS ON EDUCATIONAL OPPORTUNITIES AND ADVOCACY EFFORTS, AMONG OTHERS.

Program 2

SATELLITE HEALTHCARE PROVIDED SCHOLARSHIPS AND INTERNSHIPS AND FELLOWSHIPS. SATELLITE HEALTHCARE SPONSORS FELLOWS FROM STANFORD UNIVERSITY AND OTHER ACADEMIC INSTITUTIONS TO HELP TRAIN AND INSPIRE...

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SATELLITE HEALTHCARE PROVIDED SCHOLARSHIPS AND INTERNSHIPS AND FELLOWSHIPS. SATELLITE HEALTHCARE SPONSORS FELLOWS FROM STANFORD UNIVERSITY AND OTHER ACADEMIC INSTITUTIONS TO HELP TRAIN AND INSPIRE THE NEXT GENERATION OF NEPHROLOGY CLINICAL AND RESEARCH PROFESSIONALS DURING A ONE-YEAR FELLOWSHIP AT SATELLITE HEALTHCARE. IN OUR FELLOWSHIP PROGRAM, NEPHROLOGY PHYSICIANS-IN-TRAINING SPEND A FELLOWSHIP YEAR AT SATELLITE HEALTHCARE FOCUSED ON DIALYSIS-RELATED RESEARCH AND QUALITY IMPROVEMENT PROJECTS DIRECTLY RELATED TO PATIENT CARE DELIVERY AT SATELLITE.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $27,891,338
Investment Income $63,468,263
Other Revenue $469,203
TOTAL REVENUE $91,828,804

Expense Breakdown

Grants Paid $174,643
Salaries & Benefits $21,340,138
Fundraising Expenses $0
Program Expenses $26,914,182
Other Expenses $54,892,928
TOTAL EXPENSES $76,407,709

Year-over-Year Comparison

2024 2023 Change
Revenue $91,828,804 $134,662,306 -0.3%
Expenses $76,407,709 $278,849,211 -0.7%
Net Income $15,421,095 $-144,186,905 -1.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
3
Independent Members
3
Employees
2607
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$24,999
Total Directors
8
$262,499
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
THOMAS WILLIAMS DIRECTOR & INTERIM CEO (THRU 3/24) 40.00
Director
$103,827 $2,423 $106,250
CHRISTOBEL SELECKY DIRECTOR & PRESIDENT 3.00
Officer Director
$24,999 $0 $24,999
GLEN CHERTOW DIRECTOR 3.00
Director
$24,999 $0 $24,999
LUIS ALVAREZ DIRECTOR (THRU 6/24) 3.00
Director
$27,501 $0 $27,501
ELIZABETH BURR DIRECTOR (THRU 6/24) 3.00
Director
$22,500 $0 $22,500
SARAH BLANCHARD DIRECTOR (THRU 6/24) 3.00
Director
$24,999 $0 $24,999
JOHN PANETTA DIRECTOR (THRU 6/24) 3.00
Director
$0 $0 $0
ROBERT FAHLMAN DIRECTOR (THRU 6/24) 3.00
Director
$31,251 $0 $31,251
MARK CAPUTO MANAGER & SPECIAL ADVISORY TO CEO 40.00
Officer
$0 $0 $0
MARY DITTRICH CHIEF MEDICAL OFFICER 40.00
Officer
$0 $0 $0
RYAN PARDO GENERAL COUNSEL & SECRETARY 40.00
Officer
$0 $0 $0
STEVE SPRINGER SVP OF FINANCE 40.00
Officer
$0 $0 $0
MEREDITH HUGO SVP/CAO 40.00
Officer
$0 $0 $0
HUSSEIN WAEL CMO - RESEARCH (THRU 1/24) 40.00
Highest
$312,250 $1,647 $313,897
SREEKANTH KAMOJJALA CHIEF TECHNOLOGY OFFICER (THRU 4/24) 40.00
Highest
$379,547 $5,661 $385,208
BRIGITTE SCHILLER MORAN FORMER CHIEF MEDICAL OFFICER 0.00
$135,081 $0 $135,081
BERNADETTE N VINCENT FORMER COO 0.00
$433,031 $0 $433,031
KEN J LEIDNER FORMER CHIEF GROWTH OFFICER 0.00
$150,000 $0 $150,000
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $91,828,804 $76,407,709 $138,745,619 $15,421,095
2023 $134,662,306 $278,849,211 $390,135,239 $-144,186,905
2022 $182,983,874 $304,278,546 $530,400,810 $-121,294,672
2021 $281,086,278 $264,359,129 $555,073,330 $16,727,149
2020 $247,159,480 $274,896,735 $536,529,201 $-27,737,255
2019 $268,601,884 $285,227,313 $522,532,090 $-16,625,429
2018 $254,701,518 $276,044,692 $493,269,228 $-21,343,174
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