Washington Township Medical Foundation
- Assets
- $11.2m
- Revenue
- $49.8m
- Investments
- $0.0
- Employees
- 192
- Location
- Fremont, CA
- Founding
- 07/2010
- Data as of
- 06/2021
- 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 06/2021, Washington Township Medical Foundation employed 192 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 06/2021, Washington Township Medical Foundation generated $49.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $70.2m during the year ending 06/2021. While expenses have increased by 5.8% 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
SEE SCHEDULE O
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 |
|---|---|---|---|
Jennifer Sheldon Director Of Revenue Cycle | 40 | $185,556 | |
Patricia Limpo Registered Nurse | 40 | $161,400 | |
Aaron Garrett Vascular Technician | 40 | $159,228 | |
Reynaldo Gomez Director Of Quality/compliance | 40 | $144,859 | |
Kimberly Hartz Chairperson | OfficerTrustee | 1 | $0 |
Chris Henry Treasurer | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kapil Nilakshi | 6/29/21 | $110,248 |
Contractors Cleaning Service Cleaning Service | 6/29/21 | $255,866 |
Washington Township Medical Group Physician Prof Serv | 6/29/21 | $39,329,966 |
Parker Avenue Parker Adrienne Marketing | 6/29/21 | $394,806 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $890,493 |
| 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 | $890,493 |
| Total Program Service Revenue | $48,911,362 |
| Investment income | $143 |
| 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 | $49,801,998 |
| 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. | $606,362 |
| Compensation of current officers, directors, key employees. | $606,362 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,162,389 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,275,276 |
| Payroll taxes | $907,871 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $147,618 |
| 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 | $549,407 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,290,247 |
| 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 | $234,192 |
| Insurance | $15,034 |
| All other expenses | $1,131,647 |
| Total functional expenses | $70,198,393 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,445,723 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,378,983 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $298,679 |
| Prepaid expenses and deferred charges | $21,919 |
| Net Land, buildings, and equipment | $728,762 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,312,522 |
| Total assets | $11,186,588 |
| Accounts payable and accrued expenses | $5,757,160 |
| Grants payable | $0 |
| Deferred revenue | $2,992 |
| 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 | $203,856,707 |
| Total liabilities | $209,616,859 |
| 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 | -$198,430,271 |
| Total liabilities and net assets/fund balances | $11,186,588 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Aspire Health Plan Monterey, CA | $18,926,964 | $76,415,009 |
Aocds Medical Benefits Trust Santa Ana, CA | $48,989,840 | $75,173,933 |
Washington Township Medical Foundation Fremont, CA | $11,186,588 | $49,801,998 |
University Of Nevada School Of Med Multispecialty Group Practice Nort Reno, NV | $4,763,933 | $16,309,444 |
Pomona Community Health Center Pomona, CA | $7,919,334 | $13,089,731 |
Waterfall Clinic Incorporated North Bend, OR | $5,984,282 | $9,513,372 |
Archstone Foundation Long Beach, CA | $122,922,827 | $56,084,348 |
Good Samaritan Medical Office Bldg Inc Los Angeles, CA | $111,631,930 | -$1,035,151 |
Harbor-Ucla Medical Foundation Inc Torrance, CA | $0 | $1,517,778 |
St Francis Healthcare Foundation Of Hawaii Honolulu, HI | $10,472,712 | $1,638,071 |
Hawaii Primary Care Association Honolulu, HI | $2,389,006 | $2,657,842 |
Kauai Region Healthcare Enterprises Waimea, HI | $540,271 | $1,415,102 |