Merrimack Valley Health Services Inc
- Assets
- $1.2m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Andover, MA
- Founding
- 06/1985
- Data as of
- 09/2021
- EIN
- 22-2604915
Organization Overview
Merrimack Valley Health Services Inc is located in Andover, MA. The organization was established in 1985. According to its NTEE Classification (E99) the organization is classified as: Health Care N.E.C., under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Merrimack Valley Health 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 09/2021, Merrimack Valley Health Services Inc generated $2.7m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $4.0m during the year ending 09/2021. 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
TO PROMOTE HEALTH AND WELL BEING OF THE GENERAL PUBLIC BY PROVIDING THE DELIVERY OF HEALTH CARE SERVICES
Describe the Organization's Program Activity:
Part 3 - Line 4a
MRI UNIT-COMMUNITY DIAGNOSTIC FACILITY PROVIDING IMAGING SERVICES TO THE MERRIMACK VALLEY AND OTHER SURROUNDING AREAS. IN FISCAL YEAR 2021, THE ORGANIZATION PROVIDED 10,789 MRI SCANS TO THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deborah J Wilson President & CEO | OfficerTrustee | 1 | $0 |
Cynthia Phelan Corp Asst Sec/vp Hr (end 4/21) | OfficerTrustee | 1 | $0 |
Laurel Sweeney Treasurer (beg 12/20) | OfficerTrustee | 1 | $0 |
Jonathan Isaacson Chairman (end 12/20) | OfficerTrustee | 1 | $0 |
Dana J Marks Treasurer (end 12/20) | OfficerTrustee | 1 | $0 |
Mark Johnson Secretary/clerk (beg 12/20) | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Alliance Imaging Inc Wholesale Fees | 9/29/19 | $3,127,959 |
Lm Radiology Read Fees | 9/29/19 | $139,264 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,266 |
| 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 | $3,266 |
| Total Program Service Revenue | $2,745,350 |
| 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 | $2,748,616 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $3,649,000 |
| 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 | $5,000 |
| Information technology | $17,000 |
| Royalties | $0 |
| Occupancy | $299,000 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $3,970,000 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $259,000 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $555,000 |
| 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 | $2,000 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $347,000 |
| Total assets | $1,163,000 |
| Accounts payable and accrued expenses | $1,421,000 |
| 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 | $3,986,000 |
| Total liabilities | $5,407,000 |
| Net assets without donor restrictions | -$4,244,000 |
| 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 | $1,163,000 |
Grants Awarded
Over the last fiscal year, Merrimack Valley Health Services Inc has awarded $721,386 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Lawrence, MA PURPOSE: TO PROMOTE HEALTH AND WELL BEING OF THE GENERAL PUBLIC. TO PROVIDE THE MERRIMACK VALLEY AND SOUTHERN NEW HAMPSHIRE REGIONS WITH HIGH QUALITY, HIGH VALUE MEDICAL CARE FOR THE WHOLE FAMILY. | $360,693 |
Newburyport, MA PURPOSE: SOUTHERN NEW HAMPSHIRE REGIONS WITH HIGH QUALITY, HIGH VALUE MEDICAL CARE FOR THE WHOLE FAMILY. | $360,693 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Schenectady Family Health Services Inc Schenectady, NY | $19,045,497 | $22,478,656 |
Clifford W Beers Guidance Clinic Incorporated New Haven, CT | $9,137,010 | $18,265,945 |
Bob Woodruff Family Foundation Inc New York, NY | $14,267,455 | $13,208,242 |
Vna At Hcs Inc Keene, NH | $9,766,426 | $18,124,886 |
Hospice & Palliative Care Buffalo Inc Cheektowaga, NY | $16,859,718 | $13,710,188 |
Independence Care System Inc Brooklyn, NY | $10,653,055 | $18,543,015 |
Service Employees International Union Hartford, CT | $21,649,035 | $16,938,166 |
Bridging Access To Care Inc Brooklyn, NY | $3,861,592 | $15,321,105 |
Committee Of Interns & Residents Long Island City, NY | $15,857,435 | $14,995,112 |
Clara Martin Center Inc Randolph, VT | $9,599,904 | $14,620,066 |
Catholic Health System Infusion Pharmacy Inc Buffalo, NY | $8,707,877 | $12,748,117 |
Mass Insight Education And Research Institute Inc Boston, MA | $4,863,947 | $10,520,737 |