Metrowest Emergency Physicians Inc
- Assets
- $1.1m
- Revenue
- $10.4m
- Investments
- $0.0
- Employees
- 32
- Location
- Framingham, MA
- Founding
- 06/1983
- Data as of
- 06/2022
- EIN
- 04-2739589
Organization Overview
Metrowest Emergency Physicians Inc is located in Framingham, MA. The organization was established in 1983. As of 06/2022, Metrowest Emergency Physicians Inc employed 32 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Metrowest Emergency Physicians 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, Metrowest Emergency Physicians Inc generated $10.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.0%) each year. All expenses for the organization totaled $9.4m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (6.5%) per year over the past 7 years. 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
TO PROVIDE TWENTY-FOUR HOUR PHYSICIAN COVERAGE IN THE EMERGENCY DEPARTMENT OF METROWEST MEDICAL CENTER IN FRAMINGHAM, MASSACHUSETTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE EMERGENCY MEDICAL CARE TO PATIENTS IN THE METROWEST AREA OF GREATER BOSTON. THE ORGANIZATION ALSO PROVIDES CHARITY CARE TO INDIGENT PATIENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa Sotir Parsons President/clerk/director/physician | OfficerTrustee | 40 | $438,397 |
Kevin Stone Treasurer/director/physician | OfficerTrustee | 40 | $231,608 |
Jim Divver Director | Trustee | 1 | $0 |
Michael Gottlieb Director | Trustee | 1 | $0 |
Leonard Inker Director | Trustee | 1 | $0 |
Allan Mclean Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Logixhealth Medical Billing | 6/29/22 | $394,147 |
Swain Healthcare Practice Mgmt Services | 6/29/22 | $157,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,450,458 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,450,458 |
| Total Program Service Revenue | $8,980,607 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,431,065 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,250 |
| 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. | $931,509 |
| Compensation of current officers, directors, key employees. | $55,890 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,664,988 |
| Pension plan accruals and contributions | $556,774 |
| Other employee benefits | $298,819 |
| Payroll taxes | $318,395 |
| Fees for services: Management | $163,000 |
| Fees for services: Legal | $233 |
| Fees for services: Accounting | $34,506 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $412,978 |
| Advertising and promotion | $0 |
| Office expenses | $10,800 |
| Information technology | $9,348 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,046 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $250 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $502,601 |
| All other expenses | $3,681 |
| Total functional expenses | $9,366,640 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $293,326 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $838,011 |
| 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 | $11,664 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,143,001 |
| Accounts payable and accrued expenses | $139,780 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $366,981 |
| Total liabilities | $506,761 |
| Net assets without donor restrictions | $636,240 |
| 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 | $1,143,001 |