Stamford Health Medical Group Inc
- Assets
- $82.1m
- Revenue
- $212.0m
- Investments
- $0.0
- Employees
- 866
- Location
- Stamford, CT
- Founding
- 10/2011
- Data as of
- 09/2023
- EIN
- 27-1648289
Organization Overview
Stamford Health Medical Group Inc is located in Stamford, CT. The organization was established in 2011. 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 09/2023, Stamford Health Medical Group Inc employed 866 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Stamford Health Medical Group Inc 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 09/2023, Stamford Health Medical Group Inc generated $212.0m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 17.5% each year . All expenses for the organization totaled $212.0m during the year ending 09/2023. While expenses have increased by 10.9% per year over the past 8 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
SUPPORTS THE PROVISION OF PHYSICIAN SERVICES AND OTHER HEALTH PRACTITIONER SERVICES TO THE RESIDENTS OF THE COMMUNITIES SERVED BY STAMFORD HOSPITAL AFFILIATED ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STAMFORD HEALTH MEDICAL GROUP INC. PROVIDES A COMPREHENSIVE ARRAY OF MANAGEMENT SERVICES IN SUPPORT OF PHYSICIAN PRACTICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed President & Chairman | OfficerTrustee | 38 | $1,104,743 |
Name Not Listed Physician | Trustee | 38 | $236,133 |
Name Not Listed Physician Director | Trustee | 38 | $715,034 |
Name Not Listed Physician Director | Trustee | 38 | $422,976 |
Name Not Listed Physician Director | Trustee | 38 | $486,712 |
Name Not Listed Physician Director | Trustee | 38 | $591,612 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Norwalk Radiology Consultants Pc Physician Services | 9/29/23 | $8,188,280 |
Pulmonary Associates Of Stamford Physician Services | 9/29/23 | $3,780,919 |
Direct Radiology Llc Physician Services | 9/29/23 | $862,057 |
Brookdale Ii Staffing Services | 9/29/23 | $393,854 |
Jackson & Coker Locum Tenens Llc Staffing Services | 9/29/23 | $307,461 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| 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 | $0 |
| Total Program Service Revenue | $101,924,011 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,464,306 |
| 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 | $212,001,077 |
| 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. | $4,946,660 |
| Compensation of current officers, directors, key employees. | $1,142,607 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $114,824,909 |
| Pension plan accruals and contributions | $3,479,112 |
| Other employee benefits | $13,710,995 |
| Payroll taxes | $5,316,926 |
| Fees for services: Management | $221,106 |
| Fees for services: Legal | $50 |
| Fees for services: Accounting | $69,144 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $34,320,907 |
| Advertising and promotion | $651,958 |
| Office expenses | $2,188,192 |
| Information technology | $5,211,552 |
| Royalties | $0 |
| Occupancy | $12,735,731 |
| Travel | $89,866 |
| 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 | $3,864,398 |
| Insurance | $2,888,395 |
| All other expenses | $190,514 |
| Total functional expenses | $212,001,077 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,233,406 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,005,875 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $800,251 |
| Prepaid expenses and deferred charges | $599,651 |
| Net Land, buildings, and equipment | $14,152,487 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $50,290,588 |
| Total assets | $82,082,258 |
| Accounts payable and accrued expenses | $16,971,051 |
| Grants payable | $0 |
| Deferred revenue | $187,177 |
| 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 | $65,857,354 |
| Total liabilities | $83,015,582 |
| Net assets without donor restrictions | -$933,324 |
| 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 | $82,082,258 |