Western Mass Physician Associates Inc
- Assets
- $4.1m
- Revenue
- $8.5m
- Investments
- $0.0
- Employees
- 112
- Location
- Holyoke, MA
- Founding
- 10/1996
- Data as of
- 09/2023
- EIN
- 04-3202198
Organization Overview
Western Mass Physician Associates Inc is located in Holyoke, MA. The organization was established in 1996. 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 09/2023, Western Mass Physician Associates Inc employed 112 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Western Mass Physician Associates 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 09/2023, Western Mass Physician Associates Inc generated $8.5m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $9.6m during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (2.2%) per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE PEDIATRICS, INTERNAL MEDICINE, AND OTHER HEALTHCARE SERVICES TO RESIDENTS OF HOLYOKE, MASSACHUSETTS AND THE SURROUNDING COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED MEDICAL SERVICES, INCLUDING PEDIATRICS AND INTERNAL MEDICINE, TO THE RESIDENTS OF HOLYOKE, MASSACHUSETTS AND THE SURROUNDING COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carl Cameron Director | Trustee | 0.5 | $0 |
Marcel Moniz Director | Trustee | 0.5 | $0 |
Kartik Viswanathan MD Director/medical Director | Trustee | 50 | $338,495 |
Garry Bombardier MD President Of Board | OfficerTrustee | 50 | $12,323 |
Spiridon E Hatiras President & Ceo, Clerk | OfficerTrustee | 1 | $0 |
Dean Vitarisi Treasurer & CFO | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Holyoke Medical Center Inc Management Services | 9/29/23 | $312,432 |
Valley Health Systems Inc Management Services | 9/29/23 | $284,999 |
Sni Companies Staffing Services | 9/29/23 | $162,797 |
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 | $8,476,025 |
| 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 | $8,476,025 |
| 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. | $378,920 |
| Compensation of current officers, directors, key employees. | $12,736 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,597,826 |
| Pension plan accruals and contributions | $23,104 |
| Other employee benefits | $554,444 |
| Payroll taxes | $430,635 |
| Fees for services: Management | $597,431 |
| 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 | $548,766 |
| Advertising and promotion | $0 |
| Office expenses | $315,450 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $589,333 |
| Travel | $271 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,209 |
| Insurance | $122,776 |
| All other expenses | $0 |
| Total functional expenses | $9,615,279 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $475,040 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,628,679 |
| 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 | $0 |
| Net Land, buildings, and equipment | $21,308 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,125,027 |
| Accounts payable and accrued expenses | $848,246 |
| 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 | $8,212,848 |
| Total liabilities | $9,061,094 |
| Net assets without donor restrictions | -$4,936,067 |
| 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 | $4,125,027 |