Montage Medical Group
- Assets
- $4.9m
- Revenue
- $36.0m
- Investments
- $0.0
- Employees
- 357
- Location
- Monterey, CA
- Founding
- 02/2010
- Data as of
- 12/2022
- EIN
- 26-4826604
Organization Overview
Montage Medical Group is located in Monterey, CA. The organization was established in 2010. 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 12/2022, Montage Medical Group employed 357 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Montage Medical Group 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 12/2022, Montage Medical Group generated $36.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.7% each year . All expenses for the organization totaled $61.2m during the year ending 12/2022. While expenses have increased by 21.2% 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 FOR THE GENERAL PUBLIC, CARRY ON ANY EDUCATIONAL ACTIVITIES RELATED TO RENDERING CARE TO THE SICK OR INJURED, AND TO PARTICIPATE IN SCIENTIFIC HEALTHCARE-RELATED RESEARCH TO PROMOTE THE GENERAL HEALTH OF THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DIRECT CLINICAL SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven Packer MD Director & President | OfficerTrustee | 10 | $0 |
Laura Zehm Director (thru 7/22) | Trustee | 1 | $0 |
Kathleen Chase MD Director | Trustee | 55 | $409,920 |
Thomas Cunningham MD Director | Trustee | 55 | $366,946 |
Guru Khalsa MD Director | Trustee | 5 | $0 |
Stan Mckee Chair | OfficerTrustee | 9 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Executive Consulting Group Consulting Services | 12/30/22 | $281,339 |
Cypress Healthcare Partners Management Services | 12/30/22 | $2,897,652 |
Trinity Maintenance Services Maintenance Services | 12/30/22 | $113,580 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $3,298,140 |
| 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 | $3,298,140 |
| Total Program Service Revenue | $27,405,966 |
| 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 | $35,998,443 |
| 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. | $801,266 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $37,898,931 |
| Pension plan accruals and contributions | $462,919 |
| Other employee benefits | $4,646,534 |
| Payroll taxes | $1,916,651 |
| Fees for services: Management | $2,949,943 |
| 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 | $5,954,797 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $542,539 |
| Royalties | $0 |
| Occupancy | $3,309,000 |
| 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 | $533,511 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $61,175,742 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,340,331 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,452,155 |
| 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 | $58,043 |
| Net Land, buildings, and equipment | $1,013,329 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $21,016 |
| Total assets | $4,884,874 |
| Accounts payable and accrued expenses | $4,186,103 |
| 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 | $75,703,515 |
| Total liabilities | $79,889,618 |
| Net assets without donor restrictions | -$75,004,744 |
| 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 | $4,884,874 |