Atrius Health Inc
- Assets
- $990.0m
- Revenue
- $2.1b
- Investments
- $0.0
- Employees
- 5,240
- Location
- Newton, MA
- Founding
- 04/1998
- Data as of
- 12/2020
- EIN
- 04-3397450
Organization Overview
Atrius Health Inc is located in Newton, MA. The organization was established in 1998. According to its NTEE Classification (E03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Health Care and related organizations. As of 05/2022, Atrius Health Inc employed 5,240 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Atrius Health 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 12/2020, Atrius Health Inc generated $2.1b in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $2.1b during the year ending 12/2020. While expenses have increased by 4.5% 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
STATEMENT 1 AT SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
STATEMENT 2 AT SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven L Strongwater MD President And CEO | Officer | 50 | $690,950 |
James E Phillips MD Orthopedist | 50 | $653,650 | |
John B Lazor MD Otolaryngologist | 50 | $431,291 | |
Chris Sambaziotis MD Orthopedist | 50 | $425,233 | |
Louis A Bley MD Asso. Chair, Specialties | 50 | $371,417 | |
Kai Mithoefer MD Orthopedist | 40 | $291,583 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Epic It Services | 5/30/22 | $2,003,498 |
Quest Diagnostics Laboratory Services | 5/30/22 | $936,984 |
Mcdermott Will & Emery Legal Services | 5/30/22 | $647,986 |
Motion Pt Management Inc Physical Therapy | 5/30/22 | $366,025 |
Premier Diagnostic Services Laboratory Services | 5/30/22 | $353,135 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $5,202,202 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $3,194,570 |
| Net Gain/Loss on Asset Sales | $209,966 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,091,558,272 |
| 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. | $14,760,926 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $431,557,024 |
| Pension plan accruals and contributions | $32,165,791 |
| Other employee benefits | $67,688,657 |
| Payroll taxes | $33,237,002 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,453,157 |
| Fees for services: Accounting | $410,496 |
| Fees for services: Lobbying | $208,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,003,827,515 |
| Advertising and promotion | $557,437 |
| Office expenses | $16,746,363 |
| Information technology | $19,615,331 |
| Royalties | $0 |
| Occupancy | $54,811,379 |
| Travel | $102,274 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $71,868 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,497,669 |
| Insurance | $11,883,201 |
| All other expenses | $0 |
| Total functional expenses | $2,086,632,331 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $88,200 |
| Savings and temporary cash investments | $259,343,043 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $89,616,135 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $8,467,804 |
| Prepaid expenses and deferred charges | $65,742,815 |
| Investments—publicly traded securities | $177,918,665 |
| Investments—other securities | $0 |
| Investments—program-related | $2,062,437 |
| Intangible assets | $0 |
| Other assets | $181,910,351 |
| Total assets | $989,986,082 |
| Accounts payable and accrued expenses | $333,233,078 |
| Grants payable | $0 |
| Deferred revenue | $4,727,288 |
| Tax-exempt bond liabilities | $145,931,788 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $221,071,503 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $55,685 |
| Total liabilities | $705,019,342 |
| 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 | $284,966,740 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Atrius Health Inc has recieved totaling $250,000.
| Awarding Organization | Amount |
|---|---|
Institute For Healthcare Improvement Boston, MA PURPOSE: HEALTH CARE | $250,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Massachusetts Medical Society Waltham, MA | $298,279,224 | $157,568,130 |
Medical Academic And Scientific Community Organization Inc Boston, MA | $71,409,307 | $30,389,290 |
Massachusetts Nurses Association Canton, MA | $15,341,722 | $21,633,251 |
Massachusetts Health & Hospital Assoc Inc Burlington, MA | $18,521,791 | $10,974,960 |
N H C C Medical Associates Inc Newport, RI | $442,975 | $8,120,804 |
Connecticut Hospital Association Inc & Affiliates Wallingford, CT | $20,376,618 | $10,735,493 |
Massachusetts Dental Society Southborough, MA | $16,206,849 | $7,845,632 |
New York County Health Services Review Organizations Inc New York, NY | $23,529,408 | $5,159,805 |
Medical Society Of The State Of New York Westbury, NY | $23,626,898 | $6,678,439 |
Coastal Medical Associates Inc South Weymouth, MA | $4,039,266 | $5,719,679 |
National Association Of Pediatrics Nurse Practitioners New York, NY | $5,587,622 | $3,990,100 |
Massachusetts Senior Care Association Inc Easton, MA | $2,585,686 | $3,605,157 |