Lifespan Physician Group Inc
- Assets
- $64.3m
- Revenue
- $271.8m
- Investments
- $0.0
- Employees
- 1,423
- Location
- Providence, RI
- Founding
- 09/1982
- Data as of
- 09/2021
- EIN
- 05-0389801
Organization Overview
Lifespan Physician Group Inc is located in Providence, RI. The organization was established in 1982. According to its NTEE Classification (G43) the organization is classified as: Heart & Circulatory System Diseases & Disorders, under the broad grouping of Voluntary Health Associations & Medical Disciplines and related organizations. As of 09/2021, Lifespan Physician Group Inc employed 1,423 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lifespan Physician Group 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, Lifespan Physician Group Inc generated $271.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $271.8m during the year ending 09/2021. While expenses have increased by 7.9% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
LIFESPAN PHYSICIAN GROUP, INC. (LPG) WAS ORGANIZED TO PROVIDE ACCOUNTABLE PATIENT-CENTERED, HIGH QUALITY, EFFICIENT, VALUE-BASED, AND INNOVATIVE CARE TO SERVE THE HEALTH CARE NEEDS OF THE COMMUNITIES IN RHODE ISLAND AND ELSEWHERE. THE MISSION OF LPG IS: DELIVERING HEALTH WITH CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LPG ANESTHESIOLOGY:THE PROVIDERS OF LPG'S ANESTHESIOLOGY PRACTICE GROUP PROVIDE ANESTHESIA CARE FOR ADULTS, CHILDREN, AND ADOLESCENTS UNDERGOING SURGERY AT LIFESPAN HOSPITALS AND OUTPATIENT CENTERS. THE PHYSICIANS AND SPECIALTY-TRAINED NURSES OF THIS GROUP MAKE UP THE LARGEST ANESTHESIA GROUP IN RHODE ISLAND AND BRING THEIR EXPERTISE FROM MANY OF THE NATION'S TOP TRAINING PROGRAMS. SERVICES INCLUDE PREOPERATIVE ASSESSMENTS AND CONSULTATIONS, STATE-OF-THE-ART EQUIPMENT FOR GENERAL, REGIONAL, AND INTRAVENOUS SEDATION TECHNIQUES, SUBSPECIALTY EXPERTISE IN AMBULATORY, CARDIAC, NEUROSURGICAL, THORACIC, VASCULAR, AND REGIONAL ANESTHESIA, AS WELL AS POSTOPERATIVE ACUTE AND CHRONIC PAIN MANAGEMENT.
LPG NEWPORT:LPG NEWPORT'S GROUP OF PHYSICIAN PRACTICES INCLUDE SPECIALTIES SUCH AS FAMILY PRACTICE, PULMONOLOGY, DERMATOLOGY, NEUROLOGY, PHYSIATRY, BEHAVIORAL HEALTH, RHEUMATOLOGY, ENDOCRINOLOGY, CHILD AND ADOLESCENT PSYCHIATRY, NEUROSURGERY, ORTHOPEDICS, AND OB/GYN SERVICES.
LPG PEDIATRICS:LPG'S PEDIATRIC PRACTICE GROUP IS COMPRISED OF PEDIATRICIANS AND SPECIALISTS WHO PROVIDE ROUTINE HEALTH CHECK-UPS, TREAT ILLNESSES, LEAD IMMUNIZATION CLINICS, AND STAFF RHODE ISLAND HOSPITAL'S (RIH) PEDIATRIC DIVISION, HASBRO CHILDREN'S HOSPITAL (HCH). OPERATING EXPENSES FOR THIS PRACTICE GROUP DIRECTLY CHARGED TO LPG DURING THE FISCAL YEAR ENDED SEPTEMBER 30, 2021 REPRESENTED PRIMARILY PAYROLL AND FRINGE BENEFIT EXPENSES FUNDED BY RIH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ziya L Gokaslan MD Physician | 40 | $1,574,942 | |
Curtis E Doberstein MD Trustee | Trustee | 40 | $1,473,326 |
Steven A Toms MD Physician | 40 | $983,475 | |
Petra M Klinge MD Physician | 40 | $919,641 | |
Adetokunbo A Oyelese MD Physician | 40 | $918,632 | |
Albert E Telfeian Physician | 40 | $918,089 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Brown Medicine Physician Services | 9/29/21 | $4,191,972 |
Weatherby Locums Inc Staffing Services | 9/29/21 | $504,886 |
Ic Systems Inc Debt Collection Svcs. | 9/29/21 | $391,844 |
Pontiac Medical Group Llc Physician Services | 9/29/21 | $344,500 |
Hillary Kirk Woodyatt Provider Recruitment | 9/29/21 | $196,439 |
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 | $271,728,555 |
| Investment income | $28,062 |
| 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 | $271,756,617 |
| 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. | $8,625,116 |
| Compensation of current officers, directors, key employees. | $1,730,828 |
| Compensation to disqualified persons | $205,170 |
| Other salaries and wages | $185,883,572 |
| Pension plan accruals and contributions | $8,557,896 |
| Other employee benefits | $14,926,160 |
| Payroll taxes | $10,923,902 |
| Fees for services: Management | $0 |
| 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 | $2,121,206 |
| Advertising and promotion | $50,920 |
| Office expenses | $149,129 |
| Information technology | $321,037 |
| Royalties | $0 |
| Occupancy | $9,595,069 |
| Travel | $83,249 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,602 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,465,110 |
| Insurance | $9,522,632 |
| All other expenses | $2,967,811 |
| Total functional expenses | $271,756,617 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $268,040 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $8,937,190 |
| 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 | $132,289 |
| Net Land, buildings, and equipment | $10,601,348 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $994,119 |
| Other assets | $43,381,579 |
| Total assets | $64,314,565 |
| Accounts payable and accrued expenses | $34,396,565 |
| 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 | $32,301,200 |
| Total liabilities | $66,697,765 |
| Net assets without donor restrictions | -$2,383,200 |
| 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 | $64,314,565 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lifespan Physician Group Inc Providence, RI | $64,314,565 | $271,756,617 |
Chmc Cardiovascular Surgical Foundation Incorporated Boston, MA | $51,520,941 | $25,318,516 |
Angiogenesis Foundation Inc Cambridge, MA | $372,545 | $642,957 |
Midwestern Vascular Surgical Society Salem, MA | $517,027 | $254,879 |
Hearth Patio & Barbecue Association Sudbury, MA | $206,472 | $155,561 |
Heart Brothers Foundation Inc Marlboro, MA | $71,078 | $0 |
Maryheart Crusaders Inc Meriden, CT | $693,443 | -$3,826 |
In A Heartbeat Inc Wallingford, CT | $56,665 | $0 |
New England Valve And Structural Heart Foundation Inc Dover, MA | $25,150 | $0 |
North American Society On Thrombosis And Hemostasis Inc C/O Plazak Associates Boston, MA | $143,416 | $0 |
Chinese American Heart Association North Andover, MA | $0 | $0 |
Joint Review Committee On Education In Cardiovascular Technology Inc Whitinsville, MA | $284,199 | $0 |