Tufts Medical Center Physicians Organization Inc
- Assets
- $39.5m
- Revenue
- $33.9m
- Investments
- $0.0
- Employees
- 73
- Location
- Boston, MA
- Founding
- 05/1993
- Data as of
- 09/2020
- EIN
- 04-3044706
Organization Overview
Tufts Medical Center Physicians Organization Inc is located in Boston, MA. The organization was established in 1993. 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 09/2021, Tufts Medical Center Physicians Organization Inc employed 73 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Tufts Medical Center Physicians Organization 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 09/2020, Tufts Medical Center Physicians Organization Inc generated $33.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.5% each year. All expenses for the organization totaled $20.1m during the year ending 09/2020. While expenses have increased by 4.6% 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 TUFTS MEDICAL CENTER PHYSICIANS ORGANIZATION, INC. COORDINATES THE ADMINISTRATIVE AND BILLING ACTIVITIES FOR THE GROUP PRACTICES IN THEIR MISSION OF PROVIDING QUALITY HEALTH CARE SERVICES TO PATIENTS OF TUFTS MEDICAL CENTER, INC. AND TO THE RESIDENTS OF THE COMMUNITIES IT SERVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE TUFTS MEDICAL CENTER PHYSICIANS ORGANIZATION, INC. SUPPORTS THE FOLLOWING CORPORATIONS (THE "GROUP PRACTICE"), ALL EXEMPT CORPORATIONS UNDER SECTION 501(C)(3), IN THEIR MISSION OF PROVIDING QUALITY HEALTH CARE SERVICES TO PATIENTS OF TUFTS MEDICAL CENTER, INC. AND TO THE RESIDENTS OF THE COMMUNITY IT SERVES; 1. NEW ENGLAND MEDICAL CENTER GROUP PRACTICE, INC. D/B/A PRATT NEUROSURGICAL ASSOCIATES, INC., 2. PRATT ANESTHESIOLOGY ASSOCIATES, INC., 3. PRATT MEDICAL & SURGICAL DERMATOLOGY ASSOCIATES, INC., 4. PRATT NEUROLOGY ASSOCIATES, INC., 5. PRATT OB/GYN ASSOCIATES, INC., 6. PRATT OPHTHALMOLOGY ASSOCIATES, INC., 7. PRATT OTOLARYNGOLOGY - HEAD & NECK SURGERY ASSOCIATES, INC., 8. PRATT PATHOLOGY ASSOICATES, INC., 9. PRATT PEDIATRIC ASSOCIATES, INC., 10. PRATT PSYCHIATRIC ASSOCIATES, INC., 11. PRATT RADIOLOGY ASSOCIATES, INC., 12. PRATT RADIATION ONCOLOGY ASSOCIATES, INC., 13. PRATT REHABILITATION MEDICINE ASSOCIATES, INC., 14. PRATT SURGICAL ASSOCIATES, INC., 15. PRATT UROLOGY ASSOCIATES, INC., 16. PRATT MEDICAL GROUP, INC., 17. PRATT ORTHOPEDIC ASSOCIATES, INC., 18. CARDIOVASCULAR CENTER AT TUFTS MEDICAL CENTER, INC., 19. TUFTS MEDICAL CENTER COMMUNITY CARE, INC., 20. HEART CENTER OF METRO WEST, INC. THE ORGANIZATION COORDINATES THE ADMINISTRATIVE AND BILLING ACTIVITIES FOR THE GROUP PRACTICE AND CHARGES THEM FOR THESE SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Craig Best MD Dir/pres/ceo (until 9/21) | Trustee | 38 | $691,014 |
Saul Weingart MD Chief Medical Officer | 40 | $595,665 | |
Peter Neumann VP Operations | 40 | $330,019 | |
M Elizabeth Fini Physician | 40 | $248,825 | |
Daniel Ollendorf Physician | 40 | $238,157 | |
Joshua Cohen Physician | 40 | $229,560 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Vvc Holding Corp Professional Services | 9/29/21 | $625,524 |
Patientkeeper Professional Services | 9/29/21 | $246,868 |
Optum Insight Inc Professional Services | 9/29/21 | $213,472 |
Stoddard Group Professional Services | 9/29/21 | $147,993 |
Ceridian Hcm Inc Professional Services | 9/29/21 | $134,158 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,994,613 |
| 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 | $33,874,460 |
| 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. | $927,918 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $13,290,535 |
| Pension plan accruals and contributions | $34,721 |
| Other employee benefits | $822,565 |
| Payroll taxes | $444,259 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $44,611 |
| Fees for services: Accounting | $242,288 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $427,763 |
| Advertising and promotion | $0 |
| Office expenses | $170,150 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $398,894 |
| Travel | $25,432 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $73,905 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $39,940 |
| Insurance | $261,085 |
| All other expenses | $0 |
| Total functional expenses | $20,114,706 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,751,996 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | -$4,670 |
| 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 | $4,388 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $34,539,854 |
| Total assets | $39,489,684 |
| Accounts payable and accrued expenses | $9,093,064 |
| 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 | $4,500,000 |
| Other liabilities | -$36,137,305 |
| Total liabilities | -$22,544,241 |
| Net assets without donor restrictions | $0 |
| 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 | $62,033,925 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Tufts Medical Center Physicians Organization Inc has recieved totaling $142,500.
| Awarding Organization | Amount |
|---|---|
Joy In Childhood Foundation Inc Canton, MA PURPOSE: Support Sick and Hungry Kids | $142,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Uphams Corner Health Committee Inc Dorchester, MA | $23,283,775 | $48,958,688 |
Faculty Practice Foundation Inc Boston, MA | $98,365,059 | $45,984,440 |
University Surgical Associates Inc Rumford, RI | $57,102,663 | $42,930,028 |
Jordan Physician Associates Inc Plymouth, MA | $15,971,092 | $31,653,632 |
Academic Medicine Services Inc Amherst, NY | $13,449,740 | $46,145,494 |
Griffin Faculty Physicians Inc Derby, CT | $13,034,587 | $29,375,664 |
University Of Buffalo Pediatric Associates P C Buffalo, NY | $15,840,260 | $40,658,673 |
Community Care Cooperative Inc Boston, MA | $58,957,905 | $48,013,134 |
Adirondack Health Institute Inc Glens Falls, NY | $33,135,931 | $28,558,628 |
Childrens Sport Medicine Foundation Inc Boston, MA | $54,618,061 | $30,327,152 |
Day Kimball Medical Group Inc Putnam, CT | $2,012,347 | $16,365,044 |
Lenox Hill Hospital Medical Pc Westbury, NY | $7,028,959 | $23,639,356 |