Randolph Specialty Group Practice
- Assets
- $0.0
- Revenue
- $17.4m
- Investments
- $0.0
- Employees
- 229
- Location
- Asheboro, NC
- Founding
- 01/2009
- Data as of
- 09/2021
- EIN
- 11-3827203
Organization Overview
Randolph Specialty Group Practice, operating under the name Randolph Health Medical Group, is located in Asheboro, NC. The organization was established in 2009. 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, Randolph Health Medical Group employed 229 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Randolph Health Medical 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, Randolph Health Medical Group generated $17.4m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $20.2m during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (2.0%) per year over the past 6 years. 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
THE MISSION OF RANDOLPH SPECIALTY GROUP IS TO PROVIDE ACCESS TO MEDICAL SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RANDOLPH SPECIALTY GROUP PRACTICE WAS FORMED TO PROMOTE, IMPROVE AND ENHANCE THE QUALITY OF HEALTH CARE SERVICES IN RANDOLPH COUNTY, NC AND SURROUNDING COUNTIES BY PROVIDING PHYSICIANS AND OTHER MEDICAL SERVICES TO THE COMMUNITY. RANDOLPH ORTHOPEDICS AND SPORTS MEDICINE IS A DIVISION IN RANDOLPH SPECIALTY GROUP (RSG) AND IS HERE TO PROVIDE THE COMMUNITY WITH ORTHOPEDIC CARE. OUR ORTHOPEDIC PHYSICIANS AND SPORTS MEDICINE PHYSICIANS ALL HAVE ADVANCED ORTHOPEDIC TRAINING AND BRING A MODERN, FRESH PERSPECTIVE TO THE TREATMENT OF THE MUSCULOSKELETAL SYSTEM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Reynolds Lisk Jr Chairman | OfficerTrustee | 0.5 | $0 |
Elbert Lassiter Director | Trustee | 0.5 | $0 |
Mac Pugh Director | Trustee | 0.5 | $0 |
Dr Keung Lee Physician/board Director | Trustee | 40 | $0 |
Dr Patricia Vinocur Physician/board Director | Trustee | 40 | $0 |
Dr Charles B West Physician/board Director | Trustee | 40 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Central Carolina Surgery Pa Professional Services/fee | 9/29/20 | $687,083 |
Misys Healthcare Systems Llc Software Maintenance | 9/29/20 | $332,430 |
Larry K Britt Jr Dba B&b Cleaning Cleaning Service | 9/29/20 | $154,770 |
Triad Healthcare Network Services | 9/29/20 | $263,720 |
Laboratory Corporation Of America Holdin Lab Services | 9/29/20 | $137,292 |
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 | $17,445,662 |
| Investment income | $0 |
| 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 | $17,445,662 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,232,840 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,752,509 |
| Payroll taxes | $44,258 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $12,830 |
| 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 | $125,670 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $20,247,772 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $0 |