Mercy Specialist Physicians Inc
- Assets
- $20.1m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 166
- Location
- Hartford, CT
- Founding
- 04/2011
- Data as of
- 06/2021
- EIN
- 26-4033168
Organization Overview
Mercy Specialist Physicians Inc, operating under the name See Schedule O, is located in Hartford, CT. The organization was established in 2011. According to its NTEE Classification (E80) the organization is classified as: Health (General & Financing), under the broad grouping of Health Care and related organizations. As of 06/2021, See Schedule O employed 166 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. See Schedule O 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 06/2021, See Schedule O generated $2.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (15.8%) each year. All expenses for the organization totaled $4.6m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (14.4%) 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
TO PROVIDE HEALTH CARE SERVICES
Describe the Organization's Program Activity:
Part 3 - Line 4a
MERCY SPECIALIST PHYSICIANS, LOCATED IN WESTERN MASSACHUSETTS, FOCUSES PRIMARILY ON PROVIDING HIGH QUALITY TREATMENT OF CONDITIONS INVOLVING THE BRAIN, SPINE AND NERVES. THIS BRAIN AND SPINE CENTER IS INTEGRATED WITH INPATIENT AND OUTPATIENT PROGRAMS THAT PROVIDE PATIENTS WITH SPECIALTY CARE THAT IS IN SHORT-SUPPLY AND HIGH-DEMAND IN WESTERN MASSACHUSETTS. MERCY SPECIALIST PHYSICIANS PROVIDES SOME NEUROSURGICAL SERVICES, INCLUDING TREATMENT OF TRIGEMINAL NEURALGIA, THAT ARE NOT AVAILABLE ANYWHERE ELSE IN THE REGION.FOR MORE INFORMATION, PLEASE VISIT OUR WEBSITE:WWW.TRINITYHEALTHOFNE.ORG/MEDICALGROUP
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frederik Pennings MD Physician | 50 | $1,053,366 | |
Laki Rousou Physician | 50 | $750,911 | |
Natasha Mckay MD Director; Physician | Trustee | 44 | $695,983 |
Louis Durkin Physician | 50 | $456,023 | |
Vikram Sondhi Medical Director | 50 | $451,447 | |
Catherine Spath Physician | 50 | $448,882 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Leonard Wagner Md Physician Services | 6/29/19 | $464,038 |
Advantadge Healthcare Solutions Inc Billing Services | 6/29/19 | $119,462 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $500,000 |
| 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 | $500,000 |
| Total Program Service Revenue | $2,297,862 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $146,386 |
| 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 | $2,944,248 |
| 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. | $741,517 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,375,483 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $176,756 |
| Payroll taxes | $96,928 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,175 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $477,704 |
| Advertising and promotion | $4,598 |
| Office expenses | $17,192 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $455,782 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,168 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,894 |
| Insurance | $9,230 |
| All other expenses | $0 |
| Total functional expenses | $4,625,808 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $376,165 |
| 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 | $38,768 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $19,690,573 |
| Total assets | $20,105,506 |
| Accounts payable and accrued expenses | $1,297,910 |
| 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 | $42,920,568 |
| Total liabilities | $44,218,478 |
| Net assets without donor restrictions | -$24,112,972 |
| 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 | $20,105,506 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Detectives Endowment Association Retirees Health Benefits Fund New York, NY | $3,766,379 | $20,182,671 |
F A Bartlett Tree Expert Co Veba Health Benefits Plan Stamford, CT | $425,363 | $16,893,698 |
Guardians Of The Sick Inc Brooklyn, NY | $5,970,531 | $15,096,609 |
Primary Care Development Corporation New York, NY | $131,968,263 | $17,167,926 |
Supplemental Health Insurance Program New York, NY | $18,871,693 | $10,314,338 |
Community Health Care Association Of New York State Inc New York, NY | $3,005,957 | $10,507,423 |
Rochester General Health System Workers Compensation Trust Rochester, NY | $64,779,425 | $9,122,686 |
T1d Exchange Inc Boston, MA | $15,898,353 | $12,562,518 |
Healthlinkny Inc Binghamton, NY | $4,803,344 | $8,971,239 |
Southampton Hospital Association Southampton, NY | $88,601,547 | $8,188,950 |
Community Health Center Association Of Connecticut Inc Cheshire, CT | $2,737,067 | $7,064,326 |
Detectives Endowment Association Health Benefits Fund New York, NY | $393,840 | $6,970,697 |