Stamford Health Medical Group Inc
- Assets
- $92.5m
- Revenue
- $118.5m
- Investments
- $0.0
- Employees
- 722
- Location
- Stamford, CT
- Founding
- 10/2011
- Data as of
- 09/2021
- 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 09/2021, Stamford Health Medical Group Inc employed 722 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 09/2021, Stamford Health Medical Group Inc generated $118.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 12.5% each year . All expenses for the organization totaled $160.6m during the year ending 09/2021. While expenses have increased by 9.6% per year over the past 6 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
2021
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 |
|---|---|---|---|
Rodrigo Acosta MD President & Chairman | OfficerTrustee | 38 | $957,364 |
William Symons MD Physician | 38 | $916,532 | |
John Dowdle MD Physician/director | Trustee | 38 | $805,991 |
Arghiris Barbadimos MD Physician | 38 | $800,660 | |
Craig Olin MD Director Through 11/18/2020 | Trustee | 38 | $797,292 |
Russell Cavallo MD Physician | 38 | $728,765 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pulmonary Associates Of Stamford Physician Services | 9/29/21 | $3,592,903 |
Elizabeth B Gaary Md Physician Services | 9/29/21 | $409,085 |
Colliers International Ct Llc Property Management | 9/29/21 | $233,064 |
Direct Radiology Llc Physician Services | 9/29/21 | $166,950 |
Physicians For Women's Health Llc Physician Services | 9/29/21 | $215,158 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,035,292 |
| 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 | $5,035,292 |
| Total Program Service Revenue | $94,335,136 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $1,331,294 |
| 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 | $118,533,430 |
| 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. | $9,739,445 |
| Compensation of current officers, directors, key employees. | $977,591 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $84,500,034 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $9,469,614 |
| Payroll taxes | $4,531,172 |
| Fees for services: Management | $222,672 |
| Fees for services: Legal | $145,561 |
| Fees for services: Accounting | $62,076 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $20,549,273 |
| Advertising and promotion | $658,536 |
| Office expenses | $2,549,630 |
| Information technology | $124,576 |
| Royalties | $0 |
| Occupancy | $10,979,623 |
| Travel | $43,361 |
| 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 | $3,791,805 |
| Insurance | $2,885,654 |
| All other expenses | $132,673 |
| Total functional expenses | $160,563,360 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,984,333 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $14,291,493 |
| 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 | $392,037 |
| Net Land, buildings, and equipment | $19,174,494 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $53,662,726 |
| Total assets | $92,505,083 |
| Accounts payable and accrued expenses | $28,718,385 |
| Grants payable | $0 |
| Deferred revenue | $193,941 |
| 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 | $63,073,125 |
| Total liabilities | $91,985,451 |
| Net assets without donor restrictions | $519,632 |
| 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 | $92,505,083 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Stamford Health Medical Group Inc has recieved totaling $33,000.
| Awarding Organization | Amount |
|---|---|
Breast Cancer Alliance Inc Greenwich, CT PURPOSE: BREAST CANCER RESEARCH | $33,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Harvard Medical Faculty Phys At Beth Israel Deaconess Med Ctr Inc Boston, MA | $333,623,970 | $615,180,366 |
Lahey Clinic Inc Burlington, MA | $218,926,928 | $291,194,396 |
Physicians Of University Hospital Pc Westbury, NY | $91,787,225 | $282,594,740 |
Western New York Medical Practice Pc Rochester, NY | $26,530,939 | $128,934,853 |
Trinity Health Of New England Provider Network Organization Inc Hartford, CT | $70,146,578 | $134,472,081 |
Stamford Health Medical Group Inc Stamford, CT | $92,505,083 | $118,533,430 |
St Josephs Medical Pc Syracuse, NY | $40,455,825 | $136,268,897 |
Mount Sinai Health System Self Insurance Trust New York, NY | $337,636,938 | $98,428,023 |
Fenway Community Health Center Inc Boston, MA | $98,106,829 | $102,495,347 |
Lawrence Medical Associates Pc Bronxville, NY | $43,959,801 | $93,174,617 |
Thundermist Health Center Woonsocket, RI | $55,440,960 | $90,981,582 |
South Shore Medical Center Norwell, MA | $68,415,013 | $83,043,739 |