Metrowest Emergency Physicians Inc
- Assets
- $2.2m
- Revenue
- $9.1m
- Investments
- $0.0
- Employees
- 46
- Location
- Framingham, MA
- Founding
- 06/1983
- Data as of
- 06/2021
- EIN
- 04-2739589
Organization Overview
Metrowest Emergency Physicians Inc is located in Framingham, MA. The organization was established in 1983. As of 06/2021, Metrowest Emergency Physicians Inc employed 46 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 06/2021, Metrowest Emergency Physicians Inc generated $9.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (7.9%) each year. All expenses for the organization totaled $9.3m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (7.6%) per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE TWENTY-FOUR HOUR PHYSICIAN COVERAGE IN THE EMERGENCY DEPARTMENTS OF METROWEST MEDICAL CENTERS IN NATICK AND 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 | $403,863 |
Michael Vulfovich Physician | 40 | $387,535 | |
Kevin Stone Treasurer/director/physician | OfficerTrustee | 40 | $335,260 |
Amanda Lieu Physician | 40 | $309,696 | |
Catherine Horwitz Physician | 40 | $273,024 | |
Paul Kotzampaltiris Physician | 40 | $267,547 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Logixhealth Medical Billing | 6/29/21 | $509,221 |
Swain Healthcare Practice Mgmt Services | 6/29/21 | $161,000 |
Weatherby Locums | 6/29/21 | $318,984 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $9,125,754 |
| 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 | $9,125,754 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $8,877 |
| 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. | $802,672 |
| Compensation of current officers, directors, key employees. | $48,161 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,158,398 |
| Pension plan accruals and contributions | $592,955 |
| Other employee benefits | $315,956 |
| Payroll taxes | $244,326 |
| Fees for services: Management | $163,000 |
| Fees for services: Legal | $678 |
| Fees for services: Accounting | $22,656 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $658,572 |
| Advertising and promotion | $0 |
| Office expenses | $13,193 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $6,675 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,230 |
| Interest | $4,135 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $598,917 |
| All other expenses | $0 |
| Total functional expenses | $9,315,835 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,171,928 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $991,318 |
| 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 | $13,484 |
| 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 | $2,176,730 |
| Accounts payable and accrued expenses | $566,643 |
| 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 | $1,417,522 |
| Other liabilities | $620,750 |
| Total liabilities | $2,604,915 |
| Net assets without donor restrictions | -$428,185 |
| 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 | $2,176,730 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Metrowest Emergency Physicians Inc has recieved totaling $19,640.
| Awarding Organization | Amount |
|---|---|
Paypal Charitable Giving Fund Washington, DC PURPOSE: General Support | $19,640 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Metrowest Emergency Physicians Inc Framingham, MA | $2,176,730 | $9,125,754 |
Litchfield County Dispatch Inc Torrington, CT | $4,607,865 | $3,792,547 |
Valatie Volunteer Rescue Squad Inc Valatie, NY | $523,506 | $1,818,815 |
Southwest Regional Communications Center Inc Shelton, CT | $1,381,655 | $1,718,341 |
Rutland Regional Health Services Rutland, VT | $27,972,939 | $2,108,097 |
Donald Mc Fee Memorial Ambulance Service Inc Mexico, NY | $385,945 | $1,211,803 |
North Central Connecticut Emergency Medical Services Council Inc Hartford, CT | $1,353,203 | $1,167,457 |
Ticonderoga Emergency Squad Inc Ticonderoga, NY | $2,329,484 | $440,554 |
Rocky Hill Volunteer Ambulance Assoc Inc Rocky Hill, CT | $1,415,256 | $425,653 |
Southern Tier Regional Emergency Medical Services Elmira, NY | $2,102,100 | $504,301 |
Cape & Islands Emergency Medical Services System Inc Hyannis, MA | $510,962 | $335,922 |
Town Of Esopus Volunteer Ambulance Squad Inc Port Ewen, NY | $684,351 | $260,549 |