Prima Medical Foundation
- Assets
- $75.6m
- Revenue
- $172.9m
- Investments
- $0.0
- Employees
- 510
- Location
- Novato, CA
- Founding
- 08/2014
- Data as of
- 12/2023
- EIN
- 27-1376321
Organization Overview
Prima Medical Foundation, operating under the name Marinhealth Medical Network, is located in Novato, CA. The organization was established in 2014. 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 12/2023, Marinhealth Medical Network employed 510 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Marinhealth Medical 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 12/2023, Marinhealth Medical Network generated $172.9m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 17.3% each year . All expenses for the organization totaled $172.9m during the year ending 12/2023. While expenses have increased by 17.5% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
ESTABLISHING, OPERATING, AND MAINTAINING MULTI-SPECIALTY MEDICAL CLINICS THROUGHOUT MARIN AND SONOMA COUNTIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRIMA MEDICAL FOUNDATION (DBA MARINHEALTH MEDICAL NETWORK) IS A NONPROFIT PUBLIC BENEFIT CORPORATION WHICH PROVIDES MEDICAL SERVICES IN CONJUNCTION WITH PRIMA MEDICAL GROUP, INC. (PURSUANT TO A PROFESSIONAL SERVICES AGREEMENT), A CALIFORNIA PROFESSIONAL MEDICAL CORPORATION. MARINHEALTH MEDICAL NETWORK PROVIDES THESE MEDICAL SERVICES TO BOTH INSURED AND UNINSURED RESIDENTS LOCATED PRIMARILY IN MARIN AND SONOMA COUNTIES. THANKS TO A STRATEGIC ALLIANCE, MARINHEALTH MEDICAL NETWORK PRACTICES ARE PART OF UCSF HEALTH, AND BACKED BY THE EXPERTISE OF MARINHEALTH MEDICAL CENTER. OUR PRIMARY CARE PROVIDERS AND SPECIALISTS COVER A WIDE RANGE OF PRACTICES, INCLUDING: AFTER-HOURS CARE (ADULT & PEDIATRIC); CARDIOVASCULAR MEDICINE; EAR, NOSE AND THROAT; FAMILY MEDICINE; GENERAL & COLORECTAL SURGERY; HEAD & NECK SURGERY; INTERNAL MEDICINE; OB/GYN & MIDWIFERY; PEDIATRIC CARE; PSYCHIATRY; SUPPORTIVE CARE; UROLOGY; WOMEN'S CARE; BREAST SURGICAL ONCOLOGY; CRITICAL CARE & PULMONOLOGY; ENDOCRINE & DIABETES CARE; GASTROENTEROLOGY; GYNECOLOGIC SURGERY; INFECTIOUS DISEASE; NEUROLOGY; ORTHOPEDIC SURGERY; PRIMARY CARE; RHEUMATOLOGY; UROGYNECOLOGY; AND VASCULAR MEDICINE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Klein MD Chair | OfficerTrustee | 2 | $0 |
Eric Brettner Treasurer / CFO | OfficerTrustee | 2 | $0 |
Brian Keeffe MD Secretary | OfficerTrustee | 2 | $0 |
Joe Abrams Board Member | Trustee | 1 | $0 |
Anjuli Basu MD Board Member | Trustee | 1 | $0 |
Lisa Carmel Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Prima Medical Group Physician Services | 12/30/23 | $32,625,153 |
Cardiovascular Associates Physician Services | 12/30/23 | $14,778,513 |
Marin Gastroenterology Partnership Physician Services | 12/30/23 | $6,306,326 |
Dermatology Consultants Of Marin Inc Physician Services | 12/30/23 | $6,071,587 |
Marin Psychiatric Group Physician Services | 12/30/23 | $2,406,701 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $27,412,429 |
| 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 | $27,412,429 |
| Total Program Service Revenue | $145,410,196 |
| Investment income | $33,692 |
| 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 | $172,856,317 |
| 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 | $33,330,123 |
| Pension plan accruals and contributions | $441,021 |
| Other employee benefits | $6,336,918 |
| Payroll taxes | $2,216,871 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $127,200 |
| 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 | $106,849,829 |
| Advertising and promotion | $10,350 |
| Office expenses | $2,618,873 |
| Information technology | $29,883 |
| Royalties | $0 |
| Occupancy | $9,845,130 |
| Travel | $74,540 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $192,601 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,561,996 |
| Insurance | $1,533,739 |
| All other expenses | $21,753 |
| Total functional expenses | $172,933,986 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,304,912 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $33,440,055 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,074,865 |
| Inventories for sale or use | $910,471 |
| Prepaid expenses and deferred charges | $2,027,002 |
| Net Land, buildings, and equipment | $5,950,213 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $171,627 |
| Other assets | $23,758,409 |
| Total assets | $75,637,554 |
| Accounts payable and accrued expenses | $9,878,726 |
| Grants payable | $0 |
| Deferred revenue | $8,252 |
| 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 | $60,416,158 |
| Total liabilities | $70,303,136 |
| Net assets without donor restrictions | $5,334,418 |
| 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 | $75,637,554 |