Bristol Hospital Multi-Specialty Group
- Assets
- $6.1m
- Revenue
- $37.7m
- Investments
- $0.0
- Employees
- 318
- Location
- Bristol, CT
- Founding
- 01/2014
- Data as of
- 09/2021
- EIN
- 06-1466555
Organization Overview
Bristol Hospital Multi-Specialty Group is located in Bristol, CT. The organization was established in 2014. According to its NTEE Classification (E30) the organization is classified as: Ambulatory & Primary Health Care, under the broad grouping of Health Care and related organizations. As of 09/2021, Bristol Hospital Multi-Specialty Group employed 318 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bristol Hospital Multi-Specialty Group 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, Bristol Hospital Multi-Specialty Group generated $37.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $47.5m during the year ending 09/2021. While expenses have increased by 7.8% 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
HIGH QUALITY PATIENT-CENTERED HEALTH CARE THAT RESPONDS TO EVOLVING PATIENT HEALTH CARE NEEDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE BRISTOL HOSPITAL MULTISPECIALTY GROUP WAS FORMED TO DELIVER A FULL RANGE OF HEALTH AND SPECIALTY CARE SERVICES AT CONVENIENT LOCATIONS THROUGHOUT BRISTOL, CONNECTICUT AND THE SURROUNDING TOWNS TO PROVIDE ACCESSIBLE, HIGH QUALITY, EVIDENCE-BASED, STATE-OF-THE-ART, COST-EFFECTIVE, COMPASSIONATE AND PATIENT-CENTERED HEALTH CARE IN THE COMMUNITIES SERVED BY BRISTOL HOSPITAL; TO RESPOND APPROPRIATELY TO EVOLVING COMMUNITY HEALTH CARE NEEDS AND TO CHANGES IN TECHNOLOGY AND THE HEALTH CARE SYSTEM; AND TO ASSURE A SUSTAINABLE LEGACY OF HEALTH CARE SERVICE EXCELLENCE IN THOSE COMMUNITIES, SUCH SERVICES WILL BE AVAILABLE TO ALL PERSONS, WITHOUT REGARD TO THEIR ABILITY TO PAY FOR SUCH SERVICES, AND TO OPERATE AT ALL TIMES IN FURTHERANCE OF THE TAX-EXEMPT CHARITABLE MISSIONS OF BRISTOL HOSPITAL AND HEALTH CARE GROUP, INC. THE ORGANIZATION'S PHYSICIANS PROVIDE FREQUENT COMMUNITY WIDE EDUCATION SUCH AS SEMINARS, ARTICLES IN THE LOCAL NEWSPAPERS, AND SESSIONS AT THE SENIOR CENTERS AND SCHOOLS. THESE COMMUNITY EVENTS ALSO PROVIDE THE PUBLIC THE OPPORTUNITY TO INTERACT WITH THE PHYSICIANS AT NO COST.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kai Hans Hammerich MD Physician | 40 | $819,073 | |
Jeffrey Meter MD Physician | 40 | $774,821 | |
Christopher Michael Betz DO Physician | 40 | $666,969 | |
Ashish Upadhyay MD Physician | 40 | $606,959 | |
Richard Zweig MD Physician | 40 | $506,599 | |
Liran Blum MD Chairman Of The Board | OfficerTrustee | 40 | $432,178 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Venkata Kota Physician Services | 9/29/21 | $145,360 |
Jo Kremer Sadowitz Physician Services | 9/29/21 | $136,096 |
Sterling Physicians Physician Services | 9/29/21 | $352,709 |
Chaleel Llc Physician Services | 9/29/21 | $412,430 |
Ketankumar Shah Physician Services | 9/29/21 | $227,550 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $11,494,346 |
| Government grants | $571,286 |
| 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 | $12,065,632 |
| Total Program Service Revenue | $25,617,975 |
| Investment income | $2,246 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $19,200 |
| Net Gain/Loss on Asset Sales | -$29,102 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $37,683,739 |
| 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. | $1,152,913 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $29,403,761 |
| Pension plan accruals and contributions | $136,741 |
| Other employee benefits | $562,012 |
| Payroll taxes | $1,646,524 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $120,663 |
| 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 | $3,433,068 |
| Advertising and promotion | $150 |
| Office expenses | $459,234 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,072,317 |
| Travel | $0 |
| 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 | $420,627 |
| Insurance | $1,361,035 |
| All other expenses | $0 |
| Total functional expenses | $47,500,943 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,193,430 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $60,060 |
| Prepaid expenses and deferred charges | $180,844 |
| Net Land, buildings, and equipment | $2,628,676 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,063,010 |
| Accounts payable and accrued expenses | $5,738,812 |
| Grants payable | $0 |
| Deferred revenue | $626,045 |
| 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 | $760,040 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $137,570 |
| Total liabilities | $7,262,467 |
| Net assets without donor restrictions | -$1,199,457 |
| 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 | $6,063,010 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Bristol Hospital Multi-Specialty Group has recieved totaling $400.
| Awarding Organization | Amount |
|---|---|
Aetna Foundation Inc Hartford, CT PURPOSE: GENERAL PURPOSE | $400 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fenway Community Health Center Inc Boston, MA | $98,106,829 | $102,495,347 |
Lawrence Medical Associates Pc Bronxville, NY | $43,959,801 | $93,174,617 |
Thundermist Health Center Woonsocket, RI | $55,440,960 | $90,981,582 |
South Shore Medical Center Norwell, MA | $68,415,013 | $83,043,739 |
Carnegie Cardiovascular Pc Westbury, NY | $1,096,228 | $75,454,558 |
Covenant Health Inc Tewksbury, MA | $176,504,110 | $66,693,555 |
Trinity Medical Wny Pc Buffalo, NY | $24,179,434 | $52,294,640 |
Crouse Medical Practice Pllc Syracuse, NY | $6,246,472 | $39,486,299 |
Charles B Wang Community Health Center Inc New York, NY | $110,483,270 | $118,467,923 |
Brooklyn Ambulatory Care Pc Westbury, NY | $0 | $53,362,368 |
Optimus Health Care Inc Bridgeport, CT | $28,924,090 | $61,091,096 |
Phelps Medical Services Pc Sleepy Hollow, NY | $9,407,436 | $48,861,957 |