Foundation Medical Partners Inc
- Assets
- $52.0m
- Revenue
- $127.4m
- Investments
- $0.0
- Employees
- 1,054
- Location
- Nashua, NH
- Founding
- 07/1993
- Data as of
- 06/2022
- EIN
- 02-0456218
Organization Overview
Foundation Medical Partners Inc is located in Nashua, NH. The organization was established in 1993. According to its NTEE Classification (E99) the organization is classified as: Health Care N.E.C., under the broad grouping of Health Care and related organizations. As of 06/2022, Foundation Medical Partners Inc employed 1,054 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Foundation Medical Partners Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Foundation Medical Partners Inc generated $127.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $163.3m during the year ending 06/2022. While expenses have increased by 3.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION IS DEDICATED TO PROVIDING EXCEPTIONAL CARE THAT IMPROVES THE HEALTH AND WELL-BEING OF INDIVIDUALS AND COMMUNITIES WE SERVE
Describe the Organization's Program Activity:
Part 3 - Line 4a
HEALTH CARE SERVICES
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tung T Nguyen MD Physician | 40 | $1,101,106 | |
Mollie A Maccormack MD Physician | 40 | $1,020,854 | |
Edward A Sirlin III MD Physician | 40 | $834,845 | |
Michael R Kaczanowski MD Physician | 40 | $819,073 | |
Karen Maynard MD Trustee | Trustee | 42 | $729,468 |
Kolawole O Olugbade Jr MD Physician | 40 | $727,299 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Medicus Radiology Services Llc Professional Services | 6/29/22 | $343,076 |
Virtual Radiologic Corp Medical Services | 6/29/22 | $297,375 |
Asd Specialty Healthcare Inc Professional Services | 6/29/22 | $618,451 |
Lahey Clinic Inc Medical Services | 6/29/22 | $253,358 |
Integrated Commercialization Solutions Professional Services | 6/29/22 | $382,069 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,078,698 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,079,698 |
| Total Program Service Revenue | $124,025,260 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,388,297 |
| Net Gain/Loss on Asset Sales | -$100,009 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $127,393,246 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,967,605 |
| Compensation of current officers, directors, key employees. | $1,967,605 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $88,071,737 |
| Pension plan accruals and contributions | $3,650,667 |
| Other employee benefits | $7,591,238 |
| Payroll taxes | $5,333,769 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $21,019,603 |
| Advertising and promotion | $79,293 |
| Office expenses | $355,928 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,170,182 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $621,779 |
| Interest | $254,445 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,032,232 |
| Insurance | $2,061,208 |
| All other expenses | $73,930 |
| Total functional expenses | $163,332,003 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $11,017,449 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,604,657 |
| Prepaid expenses and deferred charges | $1,364,945 |
| Net Land, buildings, and equipment | $5,738,623 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $32,234,189 |
| Total assets | $51,959,863 |
| Accounts payable and accrued expenses | $6,913,329 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $3,678,117 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $44,622,376 |
| Total liabilities | $55,213,822 |
| Net assets without donor restrictions | -$3,253,959 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $51,959,863 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Foundation Medical Partners Inc has recieved totaling $340.
| Awarding Organization | Amount |
|---|---|
Reach Out And Read Inc Boston, MA PURPOSE: ENCOURAGE READING | $340 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Martins Point Generations Advantage Inc Portland, ME | $191,522,847 | $568,602,384 |
Foundation Medical Partners Inc Nashua, NH | $51,959,863 | $127,393,246 |
Nordx Scarborough, ME | $62,155,079 | $87,579,107 |
Holyoke Health Center Inc Holyoke, MA | $37,042,548 | $55,169,928 |
Community Catalyst Inc Boston, MA | $56,345,662 | $63,488,267 |
Promedica Indemnity Insurance Corporation Burlington, VT | $137,586,435 | $28,459,378 |
Home Health & Hospice Care Merrimack, NH | $24,769,163 | $23,113,084 |
Vna At Hcs Inc Keene, NH | $9,766,426 | $18,124,886 |
Tri-County Mental Health Services Lewiston, ME | $7,983,072 | $15,678,818 |
Clara Martin Center Inc Randolph, VT | $9,599,904 | $14,620,066 |
Mass Insight Education And Research Institute Inc Boston, MA | $4,863,947 | $10,520,737 |
Franklin County Home Health Agency Inc St Albans, VT | $4,422,259 | $10,716,919 |