St Josephs Medical Pc
- Assets
- $40.5m
- Revenue
- $136.3m
- Investments
- $2.1m
- Employees
- 986
- Location
- Syracuse, NY
- Founding
- 08/2014
- Data as of
- 06/2021
- EIN
- 27-3899821
Organization Overview
St Josephs Medical Pc, operating under the name St Joseph's Physicians, is located in Syracuse, NY. 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 06/2021, St Joseph's Physicians employed 986 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. St Joseph's Physicians 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 06/2021, St Joseph's Physicians generated $136.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 23.7% each year . All expenses for the organization totaled $133.5m during the year ending 06/2021. While expenses have increased by 18.2% 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
TO PROVIDE HEALTH CARE SERVICES
Describe the Organization's Program Activity:
Part 3 - Line 4a
ST. JOSEPH'S MEDICAL, P.C. IS THE LEADING COMPREHENSIVE MEDICAL PRACTICE IN CENTRAL NEW YORK, WITH MORE THAN 70 PHYSICIANS AND ADVANCED PRACTITIONERS, IN EIGHT LOCATIONS. THE PROVIDERS AND STAFF OF ST. JOSEPH'S MEDICAL ARE DEDICATED TO BRINGING TOGETHER THE BEST POSSIBLE CARE AND EXPERIENCE FOR PATIENTS. ST. JOSEPH'S MEDICAL IS AN NCQA CERTIFIED PATIENT CENTERED MEDICAL HOME, LINKING PATIENTS AND THEIR PHYSICIAN WITH THE ST. JOSEPH'S SYSTEM OF SERVICES TO ENSURE THAT OUR PATIENTS RECEIVE THE HIGHEST QUALITY OF MEDICAL CARE - ALL UNDER ONE SYSTEM. HEADQUARTERED IN SYRACUSE, NY, ST. JOSEPH'S MEDICAL REPRESENTS MORE THAN 20 PRACTICE AREAS AND SPECIALTIES, INCLUDING: FAMILY MEDICINE, INTERNAL MEDICINE, RADIOLOGY, GENERAL SURGERY, MEDICAL ONCOLOGY AND RADIATION ONCOLOGY, CARDIOLOGY, ORTHOPEDIC SURGERY, OBSTETRICS AND GYNECOLOGY, THORACIC SURGERY, VASCULAR SURGERY, GASTROENTEROLOGY, AND IMMUNOLOGY.PLEASE VISIT OUR WEBSITE FOR ADDITIONAL INFORMATION:WWW.SJPHYSICIANS.ORG
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ahmad Nazem MD Physician | 50 | $1,398,788 | |
Zhandong Zhou MD Physician | 50 | $1,392,019 | |
Charles Lutz MD Physician | 50 | $1,385,102 | |
Ali Al-Mudamgha MD Physician | 50 | $953,183 | |
Magdy Abdel-Migeed Physician | 50 | $948,512 | |
Kara Kort MD Former Key Employee; Physician | 50 | $568,634 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sjh Cardiac Catheterization Medical Professional Fees | 6/29/21 | $6,563,858 |
Vascular Surgeons Of Cny Pllc Medical Professional Fees | 6/29/21 | $5,802,974 |
Cdl Nuclear Tech Medical Professional Fees | 6/29/21 | $768,029 |
Philips Healthcare Maintenance Services | 6/29/21 | $274,464 |
American Anesthesiology Of Syracuse Medical Professional Fees | 6/29/21 | $680,820 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $47,225,983 |
| Government grants | $3,838,196 |
| 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 | $51,064,179 |
| Total Program Service Revenue | $84,966,932 |
| Investment income | $93,741 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $9,283 |
| Net Gain/Loss on Asset Sales | $134,762 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $136,268,897 |
| 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. | $691,827 |
| Compensation of current officers, directors, key employees. | $691,827 |
| Compensation to disqualified persons | $982,098 |
| Other salaries and wages | $76,981,884 |
| Pension plan accruals and contributions | $3,059,350 |
| Other employee benefits | $5,212,390 |
| Payroll taxes | $4,406,100 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $66,920 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $16,714 |
| Fees for services: Other | $15,522,246 |
| Advertising and promotion | $38,746 |
| Office expenses | $819,132 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,940,562 |
| Travel | $59,183 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $119,493 |
| Interest | $15,145 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $832,029 |
| Insurance | $2,787,644 |
| All other expenses | $78,738 |
| Total functional expenses | $133,486,295 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,904 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,306,072 |
| 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 | $1,457,135 |
| Net Land, buildings, and equipment | $5,694,142 |
| Investments—publicly traded securities | $12,794,485 |
| Investments—other securities | $2,053,996 |
| Investments—program-related | $0 |
| Intangible assets | $856,710 |
| Other assets | $12,291,381 |
| Total assets | $40,455,825 |
| Accounts payable and accrued expenses | $7,975,986 |
| 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 | $14,823,854 |
| Total liabilities | $22,799,840 |
| Net assets without donor restrictions | $17,655,985 |
| 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 | $40,455,825 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that St Josephs Medical Pc has recieved totaling $47,061,852.
| Awarding Organization | Amount |
|---|---|
St Josephs Hospital Health Center Syracuse, NY PURPOSE: GENERAL SUPPORT | $45,519,370 |
St Josephs Hospital Health Center Foundation Inc Syracuse, NY PURPOSE: SPONSORSHIP | $964,584 |
St Josephs Health Center Properties Inc Syracuse, NY PURPOSE: GENERAL SUPPORT | $577,898 |
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 |
Pinnacle Health Medical Services Harrisburg, PA | $62,082,359 | $358,432,911 |
Main Line Healthcare Newtown Square, PA | $118,136,702 | $349,358,338 |
Physicians Of University Hospital Pc Westbury, NY | $91,787,225 | $282,594,740 |
Medical Associates Of Englewood Pc Englewood, NJ | $38,044,467 | $274,946,438 |
Clinical Care Associates Of The University Of Pennsylvania Health Bala Cynwyd, PA | $70,443,492 | $209,271,901 |
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 |