Nazareth Physician Services Inc
- Assets
- $6.5m
- Revenue
- $22.1m
- Investments
- $0.0
- Employees
- 145
- Location
- Newtown Square, PA
- Founding
- 05/2008
- Data as of
- 06/2022
- EIN
- 20-3261266
Organization Overview
Nazareth Physician Services Inc is located in Newtown Square, PA. The organization was established in 2008. 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 06/2022, Nazareth Physician Services Inc employed 145 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nazareth Physician Services 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 06/2022, Nazareth Physician Services Inc generated $22.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.7% each year . All expenses for the organization totaled $32.4m during the year ending 06/2022. While expenses have increased by 12.2% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HEALTH CARE SERVICES
Describe the Organization's Program Activity:
Part 3 - Line 4a
NAZARETH PHYSICIAN SERVICES OPERATES PHYSICIAN PRACTICES IN THE PHILADELPHIA AREA WHICH SUPPORT THE PATIENTS OF NAZARETH HOSPITAL BY PROVIDING QUALITY AND EFFICIENT MEDICAL CARE IN THE COMMUNITY THROUGH PHYSICIAN SERVICES AND MEDICAL DIAGNOSES WITHOUT REGARD TO RACE, RELIGION, SEX, SEXUAL PREFERENCE, NATIONAL ORIGIN, OR SOURCE OF PAYMENT. PLEASE VISIT OUR WEBSITE FOR ADDITIONAL INFORMATION: WWW.TRINITYHEALTHMA.ORG
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Woodward Dir; Pres & CEO Mid-Atlantic Region | OfficerTrustee | 0.2 | $0 |
Julie Washington Dir; Trinity SVP Chief Mktg & Comm | Trustee | 0.2 | $0 |
Sunil Dhar MD Physician | 50 | $711,140 | |
Maryanne Spallucci Treasurer; Thma Reg CFO Thru 1/22 | Officer | 0.2 | $0 |
Catherine Mikus Secretary; General Counsel | Officer | 0.2 | $0 |
Christopher Selgrath DO Physician | 50 | $516,415 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Interim Physicians Llc Temporary Medical Staffing Services | 6/29/22 | $900,178 |
Jefferson University Physician Health Care Services | 6/29/22 | $815,000 |
Alliance Cancer Specialists Pc Physician Services | 6/29/22 | $468,831 |
Midlantic Urology Physician Services | 6/29/22 | $274,996 |
Nurse Anesthesia Of Nc Pllc Billing Services | 6/29/22 | $268,282 |
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 | $21,901,320 |
| 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 | $22,140,410 |
| 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 | $18,005,370 |
| Pension plan accruals and contributions | $570,557 |
| Other employee benefits | $777,875 |
| Payroll taxes | $1,001,275 |
| 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 | $4,626,768 |
| Advertising and promotion | $17,701 |
| Office expenses | $267,335 |
| Information technology | $6,535 |
| Royalties | $0 |
| Occupancy | $934,802 |
| Travel | $932 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $59,686 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $277,406 |
| Insurance | $1,067,997 |
| All other expenses | $64,180 |
| Total functional expenses | $32,355,274 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $550 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,477,723 |
| 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 | $65,748 |
| Net Land, buildings, and equipment | $2,124,604 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $2,200,000 |
| Other assets | $601,784 |
| Total assets | $6,470,409 |
| Accounts payable and accrued expenses | $3,085,002 |
| 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 | $73,439,618 |
| Total liabilities | $76,524,620 |
| Net assets without donor restrictions | -$70,054,211 |
| 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 | $6,470,409 |