Western Mass Physician Associates Inc
- Assets
- $1.8m
- Revenue
- $7.0m
- Investments
- $0.0
- Employees
- 109
- Location
- Holyoke, MA
- Founding
- 10/1996
- Data as of
- 09/2021
- 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 09/2021, Western Mass Physician Associates Inc employed 109 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 09/2021, Western Mass Physician Associates Inc generated $7.0m 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 (3.3%) each year. All expenses for the organization totaled $8.6m during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (4.7%) 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 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 |
|---|---|---|---|
Marc J Zerbe MD Obstetrician/gynecologist | 50 | $588,287 | |
Yilo Yu MD Obstetrician/gynecologist | 50 | $386,109 | |
Joanna Cichon MD Internist | 50 | $317,368 | |
Lorenver O Po MD Internist | 50 | $284,647 | |
Kartik Viswanathan MD Director/medical Director | Trustee | 50 | $270,426 |
Kevin Snow DO Internist | 50 | $215,164 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Holyoke Medical Center Inc Management Services | 9/29/21 | $405,123 |
Valley Health Systems Inc Management Services | 9/29/21 | $296,462 |
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 | $7,001,256 |
| 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 | $7,001,256 |
| 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. | $305,617 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,823,387 |
| Pension plan accruals and contributions | $12,850 |
| Other employee benefits | $572,118 |
| Payroll taxes | $390,292 |
| Fees for services: Management | $701,585 |
| 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 | $660,812 |
| Advertising and promotion | $0 |
| Office expenses | $145,554 |
| Information technology | $1,675 |
| Royalties | $0 |
| Occupancy | $584,449 |
| Travel | $671 |
| 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 | $11,711 |
| Insurance | $90,446 |
| All other expenses | $0 |
| Total functional expenses | $8,604,079 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $149,240 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,577,816 |
| 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 | $37,471 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,764,527 |
| Accounts payable and accrued expenses | $577,212 |
| 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 | $5,757,069 |
| Total liabilities | $6,334,281 |
| Net assets without donor restrictions | -$4,569,754 |
| 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 | $1,764,527 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Western Mass Physician Associates Inc has recieved totaling $6,546.
| Awarding Organization | Amount |
|---|---|
Reach Out And Read Inc Boston, MA PURPOSE: ENCOURAGE READING | $6,546 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Richford Health Center Inc Richford, VT | $25,264,953 | $21,205,017 |
Centerlight Healthcare Diagnostic And Treament Center Flushing, NY | $1,185,155 | $16,151,605 |
New York Dental Affiliates Pc New York, NY | $0 | $15,517,970 |
Ub Family Medicine Inc Buffalo, NY | $5,045,310 | $14,069,368 |
Westfield Medical Corporation dba Noble Medical Group Westfield, MA | $0 | $6,532,918 |
Adelbrook Community Services Inc Cromwell, CT | $2,912,791 | $10,554,155 |
University Ophthalmology Services Inc Buffalo, NY | $5,863,038 | $9,615,865 |
Western Mass Physician Associates Inc Holyoke, MA | $1,764,527 | $7,001,256 |
Northeast Medical Group Pllc Stratford, CT | $17,159,134 | $5,588,513 |
Touro University Medical Group New York, NY | $997,785 | $2,285,654 |
Guildnet Inc New York, NY | $19,412,415 | $7,701,521 |
Transhealth Inc Florence, MA | $2,321,041 | $4,400,098 |