Washington Township Medical Foundation
- Assets
- $8.2m
- Revenue
- $49.9m
- Investments
- $0.0
- Employees
- 257
- Location
- Fremont, CA
- Founding
- 07/2010
- Data as of
- 06/2022
- EIN
- 30-0564526
Organization Overview
Washington Township Medical Foundation is located in Fremont, CA. The organization was established in 2010. According to its NTEE Classification (E31) the organization is classified as: Group Health Practices, under the broad grouping of Health Care and related organizations. As of 06/2022, Washington Township Medical Foundation employed 257 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Washington Township Medical Foundation 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 06/2022, Washington Township Medical Foundation generated $49.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $72.4m during the year ending 06/2022. While expenses have increased by 5.4% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF WASHINGTON TOWNSHIP MEDICAL FOUNDATION IS TO ENGAGE IN,SPONSOR, ADVANCE, ENCOURAGE, AND PROMOTE CHARITABLE HEALTH CARE,EDUCATIONAL, AND MEDICAL RESEARCH ACTIVITIES THROUGH THE OPERATION ANDMAINTENANCE OF MULTI-SPECIALTY PRIMARY CARE MEDICAL CLINICS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WASHINGTON TOWNSHIP MEDICAL FOUNDATION HAS ESTABLISHED, OPERATED AND MAINTAINED MULTI-SPECIALTY MEDICAL CLINICS, PROVIDING PRIMARY AND SPECIALTY CARE TO THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kimberly Hartz Chairperson | OfficerTrustee | 1 | $0 |
Chris Henry Treasurer | OfficerTrustee | 1 | $0 |
Christine Nunez President | Officer | 1 | $0 |
Daniel Nardoni Chief Financial Officer | Officer | 40 | $0 |
Galen Hamilton Chief Operating Officer | Officer | 40 | $0 |
Michelle Hudson Sr Director Of Operations | 40 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Washington Township Medical Group Physician Prof Serv | 6/29/22 | $43,239,486 |
Adrienne Parker Marketing & Advertising | 6/29/22 | $387,700 |
Contractors Cleaning Service Janitorial Services | 6/29/22 | $237,879 |
Vinh Ryan Tong Scribe Services | 6/29/22 | $186,422 |
Cheryl Branman Echo Tech Services | 6/29/22 | $103,850 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $211,403 |
| 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 | $211,403 |
| Total Program Service Revenue | $49,713,698 |
| 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 | $49,925,101 |
| 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. | $953,303 |
| Compensation of current officers, directors, key employees. | $953,303 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,158,143 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,699,731 |
| Payroll taxes | $1,155,457 |
| 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 | $46,459,089 |
| Advertising and promotion | $554,361 |
| Office expenses | $3,050,065 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,394,822 |
| Travel | $0 |
| 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 | $189,569 |
| Insurance | $16,919 |
| All other expenses | $1,714,245 |
| Total functional expenses | $72,354,803 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,688,034 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $397,500 |
| Prepaid expenses and deferred charges | $15,030 |
| Net Land, buildings, and equipment | $882,939 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,248,212 |
| Total assets | $8,231,715 |
| Accounts payable and accrued expenses | $2,134,305 |
| Grants payable | $0 |
| Deferred revenue | $85 |
| 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 | $226,956,980 |
| Total liabilities | $229,091,370 |
| Net assets without donor restrictions | $0 |
| 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 | -$220,859,655 |
| Total liabilities and net assets/fund balances | $8,231,715 |