Community Medical Associates Inc
- Assets
- $3.3m
- Revenue
- $5.1m
- Investments
- $0.0
- Employees
- 108
- Location
- Lawrence, MA
- Founding
- 02/2011
- Data as of
- 09/2023
- EIN
- 27-2142635
Organization Overview
Community Medical Associates Inc is located in Lawrence, MA. The organization was established in 2011. According to its NTEE Classification (E32) the organization is classified as: Community Clinics, under the broad grouping of Health Care and related organizations. As of 09/2023, Community Medical Associates Inc employed 108 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Medical Associates 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, Community Medical Associates Inc generated $5.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $11.5m during the year ending 09/2023. While expenses have increased by 5.5% 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
COMMUNITY MEDICAL ASSOCIATES, INC. IS A MULTI-PRACTICE SPECIALTY HEALTHCARE GROUP SERVING THE MERRIMACK VALLEY AND SOUTHERN NEW HAMPSHIRE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING HEALTHCARE SERVICES CONSISTENT WITH OUR CORE VALUES BY PROVIDING ACCESS TO COMPREHENSIVE, HIGH QUALITY, COMPASSIONATE AND EFFICIENT CARE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deborah J Wilson President & CEO (end 5/23) | OfficerTrustee | 1 | $0 |
Earl Gonzalez MD Physician | 40 | $545,644 | |
Brian Kwitkin MD Physician | 40 | $446,333 | |
Robin Hynds Interim Pres. & CEO (beg 5/23) | OfficerTrustee | 1 | $0 |
Michael S Turilli Cfo/corp Asst Treas (end 5/22) | 0 | $0 | |
Torkom A Garabedianmd Physician | 40 | $323,001 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Chg Companies Inc Gen. Surgical Svcs. | 9/29/23 | $443,062 |
Daxad Llc Rent | 9/29/23 | $129,369 |
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 | $4,943,409 |
| 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 | $5,064,591 |
| 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 | $6,931,324 |
| Pension plan accruals and contributions | $81,743 |
| Other employee benefits | $298,095 |
| Payroll taxes | $477,539 |
| Fees for services: Management | $992,510 |
| Fees for services: Legal | $466 |
| 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 | $0 |
| Advertising and promotion | $604 |
| Office expenses | $135,401 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $658,686 |
| Travel | $8,564 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $18,488 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $175,768 |
| Insurance | $391,263 |
| All other expenses | $0 |
| Total functional expenses | $11,548,356 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $172,000 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $466,000 |
| 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 | $21,000 |
| Net Land, buildings, and equipment | $725,000 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,930,000 |
| Total assets | $3,314,000 |
| Accounts payable and accrued expenses | $1,131,000 |
| Grants payable | $0 |
| Deferred revenue | $2,000 |
| 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 | $2,014,000 |
| Total liabilities | $3,147,000 |
| Net assets without donor restrictions | $167,000 |
| 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 | $3,314,000 |