Lourdes Cardiology Services Pc
- Assets
- $770.6k
- Revenue
- $13.6m
- Investments
- $0.0
- Employees
- 60
- Location
- Marlton, NJ
- Founding
- 12/2012
- Data as of
- 12/2022
- EIN
- 27-4357794
Organization Overview
Lourdes Cardiology Services Pc is located in Marlton, NJ. The organization was established in 2012. According to its NTEE Classification (E22) the organization is classified as: General Hospitals, under the broad grouping of Health Care and related organizations. As of 12/2022, Lourdes Cardiology Services Pc employed 60 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lourdes Cardiology Services Pc 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 12/2022, Lourdes Cardiology Services Pc generated $13.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.3%) each year. All expenses for the organization totaled $13.6m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (15.3%) per year over the past 7 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO HELP THE COMMUNITY TO BE WELL, GET WELL, AND STAY WELL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LOURDES CARDIOLOGY SERVICES PROVIDES PATIENT-FOCUSED, STATE-OF-THE-ART TREATMENT OF NON INVASIVE CARDIOLOGY, INTERVENTIONAL CARDIOLOGY AND ELECTROPHYSIOLOGY CARDIOLOGY CONDITIONS. THROUGH THESE HIGHLY SPECIALIZED SERVICES, LCS TREATS CORONARY ARTERY DISEASE, HEART RHYTHM AND HEART WALL ABNORMALITIES, VALVULAR HEART DISEASE, CONGESTIVE HEART FAILURE IN THE INPATIENT AND OUTPATIENT SETTING AND THROUGH CARDIAC RESEARCH STUDIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John M Matsinger Evp/coo | Officer | 0.25 | $0 |
Robert M Segin Evp/cfo | Officer | 0.25 | $0 |
Timothy Morris Physician | 40 | $709,518 | |
Ramneet Wadehra Physician | 40 | $691,777 | |
Geoffrey Zarrella Physician | 40 | $655,610 | |
Vasu Palli Physician | 40 | $659,032 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Franklin Cardiovascular Assoc Health Care Services | 6/29/18 | $2,046,611 |
Omni Diagnostics Temporary Medical Staffing Services | 6/29/18 | $1,205,941 |
Cardiovascular Assoc Of Dv Health Care Services | 6/29/18 | $595,045 |
Scribe America Llc Med Transcription Services | 6/29/18 | $389,211 |
Heartcare Corp Of America Health Care Services | 6/29/18 | $131,612 |
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 | $13,568,746 |
| 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 | $13,568,746 |
| 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. | $1,545,665 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,364,880 |
| Pension plan accruals and contributions | $283,618 |
| Other employee benefits | $786,825 |
| Payroll taxes | $466,092 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $0 |
| Office expenses | $12,964 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,081 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $13,568,746 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $770,558 |
| Total assets | $770,558 |
| Accounts payable and accrued expenses | $725,831 |
| 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 | $23,358 |
| Total liabilities | $749,189 |
| Net assets without donor restrictions | $21,369 |
| 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 | $770,558 |