Atlanticare Physician Group Pa
- Assets
- $44.7m
- Revenue
- $119.7m
- Investments
- $0.0
- Employees
- 478
- Location
- Egg Harbor Township, NJ
- Founding
- 11/2010
- Data as of
- 12/2020
- EIN
- 02-0701782
Organization Overview
Atlanticare Physician Group Pa is located in Egg Harbor Township, NJ. The organization was established in 2010. According to its NTEE Classification (E31) the organization is classified as: Group Health Practices, under the broad grouping of Health Care and related organizations. As of 06/2020, Atlanticare Physician Group PA employed 478 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Atlanticare Physician Group PA 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 12/2020, Atlanticare Physician Group PA generated $119.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $110.0m during the year ending 12/2020. While expenses have increased by 0.1% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION PROVIDES MEDICALLY NECESSARY HEALTHCARE SERVICES IN FURTHERANCE OF THE CHARITABLE PURPOSES OF ARMC; A RELATED IRC SECTION 501(C)(3) TAX-EXEMPT ORG.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENSES INCURRED IN SERVING AS THE PHYSICIAN SERVICES COMPONENT OF ATLANTICARE HEALTH SYSTEM, INC. AND AFFILIATES AND ACTING IN FURTHERANCE OF THE CHARITABLE PURPOSES OF ATLANTICARE REGIONAL MEDICAL CENTER; A RELATED INTERNAL REVENUE CODE SECTION 501(C)(3)TAX-EXEMPT ORGANIZATION WHICH PROVIDES MEDICALLY NECESSARY HEALTHCARE SERVICES TO ALL INDIVIDUALS IN A NON-DISCRIMINATORY MANNER REGARDLESS OF RACE, COLOR, CREED, SEX, NATIONAL ORIGIN OR ABILITY TO PAY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Blair A Bergen MD Physician | 55 | $851,213 | |
Sanjay Shetty MD Physician | 55 | $808,920 | |
Mitul M Kanzaria MD Physician | 55 | $789,498 | |
Vincent E Lotano MD Physician | 55 | $812,383 | |
Burak M Arkonac MD Physician | 55 | $762,146 | |
Marilouise Venditti MD President - Trustee | OfficerTrustee | 55 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Atlanticare Health System Inc Management | 6/29/20 | $15,770,934 |
John Kenny And William Glennpartne Medical | 6/29/20 | $2,349,864 |
Atlantic Radiologists Professional Medical | 6/29/20 | $1,611,356 |
Atlantic Offshore Medical Assoc Medical | 6/29/20 | $1,414,549 |
Cepheid Us Medical | 6/29/20 | $882,222 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $225,800 |
| Net Gain/Loss on Asset Sales | -$83,125 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $119,738,875 |
| Statement of Expenses | |
|---|---|
| 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. | $837,320 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $69,146,064 |
| Pension plan accruals and contributions | $2,721,982 |
| Other employee benefits | $7,022,466 |
| Payroll taxes | $2,608,932 |
| Fees for services: Management | $7,920,157 |
| Fees for services: Legal | $32,034 |
| 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 | $3,197,719 |
| Advertising and promotion | $30,124 |
| Office expenses | $1,297,364 |
| Information technology | $65,515 |
| Royalties | $0 |
| Occupancy | $4,024,780 |
| Travel | $36,239 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $138,745 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,298,621 |
| Insurance | $2,678,766 |
| All other expenses | $465,833 |
| Total functional expenses | $109,984,548 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,070,574 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $13,452,522 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,641,704 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,378,527 |
| Total assets | $44,692,224 |
| Accounts payable and accrued expenses | $26,273,978 |
| 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 | $8,626,163 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $34,900,141 |
| Net assets without donor restrictions | $9,792,083 |
| 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 |
| Total liabilities and net assets/fund balances | $9,792,083 |