Somc Medical Care Foundation Inc

Organization Overview

Somc Medical Care Foundation Inc is located in Portsmouth, OH. The organization was established in 2006. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. As of 06/2021, Somc Medical Care Foundation Inc employed 204 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Somc Medical Care Foundation 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 06/2021, Somc Medical Care Foundation Inc generated $44.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.4% each year . All expenses for the organization totaled $85.4m during the year ending 06/2021. While expenses have increased by 9.4% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

AT SOMC, OUR MISSION IS TO MAKE A DIFFERENCE. WE STRIVE TO LIVE OUT THAT MISSION BY PROVIDING OUR REGION WITH THE HIGHEST QUALITY OF CARE, DELIVERED BY PROFESSIONALS WHO ARE AMONG THE BEST IN THEIR FIELDS. WE EXTEND THAT CARE AND PASSION TO MAKE A DIFFERENCE IN THE COMMUNITY BY BEING A VERY GOOD NEIGHBOR, EMPLOYER, AND COMMUNITY SUPPORTER.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SOMC ANESTHESIA ASSOCIATES - MEDICAL DOCTORS TRAINED TO ADMINISTER ANESTHETICS AND MANAGE THE MEDICAL CARE OF PATIENTS BEFORE, DURING, AND AFTER SURGERY.


SOMC HEART AND VASCULAR SERVICES - MEDICAL DOCTORS WORKING TO PREVENT, DIAGNOSE, AND TREAT DISORDERS OF THE HEART AND BLOOD VESSELS.


SOMC RADIOLOGY SERVICES - MEDICAL DOCTORS TRAINED TO USE STATE-OF-THE-ART RADIANT ENERGY MEDICAL IMAGING TECHNOLOGY TO HELP PREVENT, DIAGNOSE, AND TREAT DISEASES.


VARIOUS SPECIALTIES WHICH INCLUDE, BUT NOT LIMITED TO: SOMC ORTHOPEDIC ASSOCIATES, SOMC PULMONOLOGY ASSOCIATES, SOMC SURGICAL ASSOCIATES, SOMC HOSPITALIST ASSOCIATES, SOMC NEUROLOGY ASSOCIATES.


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Board, Officers & Key Employees

Name (title)Compensation
Jay M Hamze
Physician
$1,879,197
Daniel B Jovanovich
Physician - Smd 2.2
$1,525,949
Tarun R Nagrani
Physician
$1,479,978
Jared C Bentley
Physician
$1,031,735
Marion R Hochstetler Jr
Physician - Smd 2.2
$1,009,117
Jeremiah T Martin
Physician
$973,209

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Medical Doctor Associates Inc
Locum Coverage
$136,802
Comphealth
Locum Coverage
$133,268
Apogee Medical Management
Hospitalist Coverage
$1,032,837
Nighthawk Radiology Services
Diagnostic Reading Services
$112,720
View All Vendors

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$44,477,605
Investment income $166,087
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $11,107
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $44,708,757

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