Albert Einstein Healthcare Network
- Assets
- $7.8m
- Revenue
- $39.5m
- Investments
- $1.0k
- Employees
- 438
- Location
- Norristown, PA
- Founding
- 08/1984
- Data as of
- 06/2018
- EIN
- 23-2275991
Organization Overview
Albert Einstein Healthcare Network is located in Norristown, PA. The organization was established in 1984. 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 06/2018, Albert Einstein Healthcare Network employed 438 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Albert Einstein Healthcare Network 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 06/2018, Albert Einstein Healthcare Network generated $39.5m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 9.9% each year. All expenses for the organization totaled $40.9m during the year ending 06/2018. While expenses have increased by 4.0% per year over the past 3 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
2018
Describe the Organization's Mission:
Part 3 - Line 1
SEE FORM 990, PART III, LINE 1
Describe the Organization's Program Activity:
Part 3 - Line 4a
EACH OF THE ENUMERATED ACTIVITIES ARE EITHER DIRECTLY RELATED TO PROVIDING HEALTHCARE SERVCIES OR ARE OTHERWISE RELATED TO PREVENTATIVE OR EDUCATIONAL HEALTHCARE PROGRAMS INTENDEND TO IMPROVE THE GENERAL HEALTH CONDITIONS OF THE OUTLYING PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Angela Nicholas MD Chief Medical Officer | Trustee | 35 | $342,158 |
Barry R Freedman President And CEO | OfficerTrustee | 20 | $0 |
Richard H Fine Surgery Chairman - Trustee | Trustee | 10 | $0 |
Janis Rubin MD Physician - Trustee | Trustee | 35 | $204,896 |
Mina P Fader Chairperson | OfficerTrustee | 5 | $0 |
Joanne Fishman ESQ Trustee | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
All About Family Medicine Corporati Physician Services | 6/29/18 | $448,517 |
Comphealth - Chg Companies Inc Physician Services | 6/29/18 | $268,654 |
Center For Womens Health Of Lansdal Physician Services | 6/29/18 | $188,250 |
Womens Health Care Group Of Pa Llc Physician Services | 6/29/18 | $146,700 |
Zocdoc Inc Physician Services | 6/29/18 | $132,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $5,000,000 |
| 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 | $5,000,000 |
| Total Program Service Revenue | $34,526,659 |
| 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 | $39,526,659 |
| 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. | $610,037 |
| Compensation of current officers, directors, key employees. | $369,926 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $25,738,580 |
| Pension plan accruals and contributions | $624,384 |
| Other employee benefits | $1,933,359 |
| Payroll taxes | $1,668,128 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,050 |
| 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 | $2,362,182 |
| Advertising and promotion | $181 |
| Office expenses | $255,887 |
| Information technology | $1,540 |
| Royalties | $0 |
| Occupancy | $2,280,656 |
| Travel | $19,224 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,407 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $722,967 |
| Insurance | $1,520,030 |
| All other expenses | $0 |
| Total functional expenses | $40,913,104 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $401,275 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,749,965 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $235,690 |
| Prepaid expenses and deferred charges | $70,240 |
| Net Land, buildings, and equipment | $1,098,739 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,282,881 |
| Total assets | $7,839,790 |
| Accounts payable and accrued expenses | $10,661,492 |
| 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 | $34,160,000 |
| Total liabilities | $44,821,492 |
| Unrestricted restricted net Assets | -$36,981,702 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | -$36,981,702 |