Nuvance Health Medical Practice Ct Inc
- Assets
- $51.5m
- Revenue
- $295.0m
- Investments
- $0.0
- Employees
- 1,532
- Location
- Bethel, CT
- Founding
- 03/1987
- Data as of
- 09/2019
- EIN
- 06-1137531
Organization Overview
Nuvance Health Medical Practice Ct Inc is located in Bethel, 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 09/2019, Nuvance Health Medical Practice CT Inc employed 1,532 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 09/2019, Nuvance Health Medical Practice CT Inc generated $295.0m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $305.8m during the year ending 09/2019. While expenses have increased by 4.4% per year over the past 5 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION AT WCMG IS TO PROVIDE SAFE, INNOVATIVE, CONVENIENT AND COORDINATED PRIMARY AND SPECIALTY HEALTH CARE IN THE COMMUNITIES WE SERVE ... SEE SCH O FOR MORE DETAIL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
SEE SCHEDULE O
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert C Gallagher MD Chief Cardio. Surg | 50 | $1,273,316 | |
Linus T Chuang Chairman Ob/gyn | 50 | $1,074,846 | |
Richard Gemming To 1001 Executive Dir. | Officer | 50 | $948,399 |
Alan Dietzek Med. Dept. Chief | 50 | $867,109 | |
Ira Galin MD Cardiologist | 50 | $752,455 | |
Mark Warshofsky Cardiologist | 50 | $725,903 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Norwalk Radiology Consultants Radiology | 9/29/19 | $711,333 |
Newtown Medical Office Ii Llc Medical Office | 9/29/19 | $549,820 |
Physicians Llc Medical Care | 9/29/19 | $583,185 |
Physicians For Womens Health Medical Office | 9/29/19 | $330,160 |
Internal Medicine Associates Of Wes Medical Office | 9/29/19 | $1,397,882 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $322,955 |
| Investment income | -$2,344 |
| 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 | $295,023,966 |
| 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. | $8,444,304 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $207,151,525 |
| Pension plan accruals and contributions | $4,650,235 |
| Other employee benefits | $14,305,554 |
| Payroll taxes | $9,544,884 |
| Fees for services: Management | $16,615 |
| Fees for services: Legal | $13,047 |
| Fees for services: Accounting | $169,507 |
| Fees for services: Lobbying | $5,039 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $23,943,764 |
| Advertising and promotion | $755,731 |
| Office expenses | $1,510,870 |
| Information technology | $3,572,002 |
| Royalties | $0 |
| Occupancy | $14,023,551 |
| Travel | $528,704 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $295,389 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,022,466 |
| Insurance | $6,694,129 |
| All other expenses | $0 |
| Total functional expenses | $305,822,586 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $603,526 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $16,525,681 |
| 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 | $1,686,928 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $473,738 |
| Other assets | $21,897,858 |
| Total assets | $51,472,052 |
| Accounts payable and accrued expenses | $21,867,096 |
| Grants payable | $130,150 |
| Deferred revenue | $623,601 |
| 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 | $12,494,521 |
| Total liabilities | $35,115,368 |
| Net assets without donor restrictions | $16,356,684 |
| 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 | $16,356,684 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Nuvance Health Medical Practice Ct Inc has recieved totaling $781,754.
| Awarding Organization | Amount |
|---|---|
Norwalk Hospital Foundation Inc Norwalk, CT PURPOSE: OPERATIONAL SUPPORT | $514,801 |
Danbury Hospital & New Milford Hospital Foundation Inc Danbury, CT PURPOSE: OPERATIONAL SUPPORT | $241,953 |
Kelly Family Foundation Newtown, CT PURPOSE: UNRESTRICTED 501(C)(3) | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Health New England & Subsidiaries Springfield, MA | $263,944,212 | $871,340,973 |
Northeast Medical Group Inc Stratford, CT | $99,889,150 | $520,118,804 |
Amida Care Inc New York, NY | $166,110,282 | $443,931,771 |
Childrens Hospital Pediatric Associates Inc Boston, MA | $604,665,745 | $336,951,533 |
Chs Physician Partners Pc Roslyn, NY | $61,423,993 | $204,939,316 |
Tufts Medical Center Physicians Organization Inc Boston, MA | $63,599,965 | $314,022,993 |
Nuvance Health Medical Practice Ct Inc Bethel, CT | $51,472,052 | $295,023,966 |
New York Queens Medicine And Surgery Pc Flushing, NY | $27,206,982 | $238,033,722 |
St Peters Health Partners Medical Associates Pc Albany, NY | $63,947,656 | $143,209,123 |
Cambridge Health Alliance Physicians Organization Inc Malden, MA | $19,080,295 | $139,182,759 |
Department Of Medicine Medical Serv Grp At Suny Hlth Sci Ctr At Syr In Syracuse, NY | $34,959,788 | $114,730,981 |
Common Wealth Clinical Alliance Inc Boston, MA | $145,104,803 | $101,479,734 |