Glade Run Medical Associates
- Assets
- $1.2m
- Revenue
- $7.8m
- Investments
- $0.0
- Employees
- 84
- Location
- Kittanning, PA
- Founding
- 11/2009
- Data as of
- 06/2021
- EIN
- 26-4750523
Organization Overview
Glade Run Medical Associates is located in Kittanning, PA. The organization was established in 2009. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. As of 06/2022, Glade Run Medical Associates employed 84 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Glade Run Medical Associates 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, Glade Run Medical Associates generated $7.8m in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $13.3m during the year ending 06/2021. 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
GLADE RUN MEDICAL ASSOCIATES, INC. OPERATES SEVERAL SPECIALTY PHYSICIAN CLINICS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GLADE RUN MEDICAL ASSOCIATES, INC. OPERATES SEVERAL SPECIALTY PHYSICIAN CLINICS INCLUDING NEUROSURGERY, OB/GYN, GENERAL SURGERY, RHEUMATOLOGY, ORTHOPEDICS, NEUROLOGY, UROLOGY, GI AND ENT TO THE RESIDENTS OF ARMSTRONG COUNTY. THESE CLINICS PROVIDE THE COMMUNITY ACCESS TO ADVANCED MEDICAL CARE CLOSE TO HOME. TOTAL VISITS FOR ALL OF THE SPECIALTY CLINICS FOR THE FISCAL YEAR TOTALED 70,356. SEE SCHEDULE O FOR ADDITIONAL INFORMATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nathan Formaini Physician | 39 | $1,046,512 | |
Bert Hepner Physician | 39 | $756,142 | |
John I Lewis President / CEO | OfficerTrustee | 1 | $0 |
Curt Conry Physician | 39 | $524,647 | |
James Backstrom Chief Medical Officer | Officer | 1 | $0 |
Richard Bernat Physician | 39 | $409,299 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Endow Properties Rent | 6/29/22 | $246,074 |
Syed Mushtaq Md Physician Services | 6/29/22 | $111,055 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| 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 | $7,849,453 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $4,161,431 |
| Pension plan accruals and contributions | $31,445 |
| Other employee benefits | $713,352 |
| Payroll taxes | $447,343 |
| 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 | $5,767,215 |
| Advertising and promotion | $0 |
| Office expenses | $119,510 |
| Information technology | $788 |
| Royalties | $0 |
| Occupancy | $422,104 |
| Travel | $6,482 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,286 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $20,000 |
| Insurance | $784,067 |
| All other expenses | $0 |
| Total functional expenses | $13,261,995 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,584 |
| Savings and temporary cash investments | $451,210 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $794,927 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,248,721 |
| Accounts payable and accrued expenses | $727,537 |
| 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 | $5,770 |
| Total liabilities | $733,307 |
| 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 |
| Total liabilities and net assets/fund balances | $515,414 |