Nuvance Health Medical Practice Ct Inc
- Assets
- $194.6m
- Revenue
- $377.7m
- Investments
- $0.0
- Employees
- 1,781
- Location
- Danbury, CT
- Founding
- 03/1987
- Data as of
- 09/2023
- EIN
- 06-1137531
Organization Overview
Nuvance Health Medical Practice Ct Inc is located in Danbury, CT. The organization was established in 1987. 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, Nuvance Health Medical Practice CT Inc employed 1,781 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nuvance Health Medical Practice CT 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, Nuvance Health Medical Practice CT Inc generated $377.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $399.7m during the year ending 09/2023. While expenses have increased by 6.2% per year over the past 8 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
IMPROVE THE HEALTH OF EVERY PERSON IN OUR COMMUNITY THROUGH THE EFFICIENT DELIVERY OF EXCELLENT, INNOVATIVE AND COMPASSIONATE CARE.
Describe the Organization's Program Activity:
NUVANCE HEALTH MEDICAL PRACTICE CT (NHMP CT) PROVIDES VARIOUS PRIMARY CARE AND SUB-SPECIALTY SERVICES INCLUDING FAMILY MEDICINE, INTERNAL MEDICINE, PEDIATRICS, SURGICAL SERVICES, CARDIOLOGY, PULMONOLOGY, GASTROENTEROLOGY, RHEUMATOLOGY, PHYSICAL MEDICINE, ENDOCRINOLOGY, INFECTIOUS DISEASES, NEPHROLOGY, BREAST SURGERY, ONCOLOGY, BARIATRIC SURGERY, NEUROLOGY, SLEEP MEDICINE, OBSTETRICS AND GYNECOLOGY, BEHAVIORAL HEALTH, AND PALLIATIVE MEDICINE. NHMP CT ALSO PROVIDES VARIOUS HOSPITAL BASED SERVICES SUCH AS ANESTHESIOLOGY HOSPITAL MEDICINE AND EMERGENCY MEDICINE. NHMP CT SERVICES DANBURY AND NORWALK, AS WELL AS THE SURROUNDING TOWNS. THERE ARE APPROXIMATELY 56 LOCATIONS SERVING AREAS IN WESTERN CONNECTICUT. 171,560 PATIENTS DURING FISCAL YEAR 2023 795,444 VISITS DURING FISCAL YEAR 2023 $6,404,108 - CHARITY CARE DURING FISCAL YEAR 2023 NHMP CT SERVES INDIVIDUALS OF ALL INCOME LEVELS AND FOLLOWS THE FINANCIAL ASSISTANCE POLICY ESTABLISHED BY ITS PARENT ORGANIZATION, NUVANCE HEALTH, AND FOLLOWED BY DANBURY AND NORWALK HOSPITALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed President/chief Physician Executive | OfficerTrustee | 12 | $0 |
Name Not Listed Chairman | OfficerTrustee | 43 | $644,846 |
Name Not Listed Vice Chairman | OfficerTrustee | 3 | $0 |
Name Not Listed Director | Trustee | 2 | $0 |
Name Not Listed Director | Trustee | 2 | $0 |
Name Not Listed Director | Trustee | 42 | $740,694 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Skywriter Md Medical Scribes | 9/29/23 | $658,223 |
Internal Medicine Associates Of Westport Pc Medical Office | 9/29/23 | $2,100,839 |
Associated Neurologists Pc Medical Office | 9/29/23 | $4,491,792 |
Womens Health Services Medical Office | 9/29/23 | $641,156 |
Obrien Group Llc Business Consulting | 9/29/23 | $576,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,395,441 |
| Government grants | $137,578 |
| 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 | $1,533,019 |
| Total Program Service Revenue | $372,158,446 |
| Investment income | $205,157 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $172,705 |
| Net Gain/Loss on Asset Sales | -$14,039 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $377,660,174 |
| 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. | $3,495,206 |
| Compensation of current officers, directors, key employees. | $159,005 |
| Compensation to disqualified persons | $432,803 |
| Other salaries and wages | $261,031,577 |
| Pension plan accruals and contributions | $11,988,045 |
| Other employee benefits | $25,419,470 |
| Payroll taxes | $12,573,575 |
| Fees for services: Management | $51,890 |
| Fees for services: Legal | $401,350 |
| Fees for services: Accounting | $929,415 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,777 |
| Fees for services: Other | $32,134,393 |
| Advertising and promotion | $457,705 |
| Office expenses | $1,995,178 |
| Information technology | $6,204,357 |
| Royalties | $0 |
| Occupancy | $17,661,593 |
| Travel | $311,969 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $305,325 |
| Interest | $1,040,859 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,533,461 |
| Insurance | $8,365,523 |
| All other expenses | $0 |
| Total functional expenses | $399,746,820 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,165,085 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $18,313,690 |
| 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 | $1,667,135 |
| Net Land, buildings, and equipment | $20,137,452 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $548,120 |
| Other assets | $147,809,565 |
| Total assets | $194,641,047 |
| Accounts payable and accrued expenses | $43,167,074 |
| Grants payable | $0 |
| Deferred revenue | $1,152,958 |
| 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 | $172,586,109 |
| Total liabilities | $216,906,141 |
| Net assets without donor restrictions | -$22,265,094 |
| 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 | $194,641,047 |