Marietta Health Care Physicians Inc
- Assets
- $16.3m
- Revenue
- $105.6m
- Investments
- $0.0
- Employees
- 348
- Location
- Marietta, OH
- Founding
- 10/1995
- Data as of
- 09/2021
- EIN
- 31-1375125
Organization Overview
Marietta Health Care Physicians Inc is located in Marietta, OH. The organization was established in 1995. According to its NTEE Classification (E32) the organization is classified as: Community Clinics, under the broad grouping of Health Care and related organizations. As of 09/2021, Marietta Health Care Physicians Inc employed 348 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Marietta Health Care Physicians 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 09/2021, Marietta Health Care Physicians Inc generated $105.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $135.8m during the year ending 09/2021. While expenses have increased by 3.6% 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
PHYSICIAN HEALTH CARE SERVICE FORMED BY MARIETTA MEMORIAL HOSPITAL TO FURTHER ITS SECTION 501(C)3 CHARITABLE PURPOSES. MHCPI LIKE MMH DOES PARTICIPATE IN MEDICARE AND MEDICAID PROGRAMS, AND SERVICES ARE PROVIDED TO PATIENTS WITHOUT DISCRIMINATION AS TO ABILITY TO PAY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CORPORATION WAS FORMED BY MARIETTA MEMORIAL HOSPITAL FOR THE PURPOSE OF PROVIDING PHYSICIAN CARE IN THE SERVICE AREA OF THE HOSPITAL SINCE THERE ARE AN INSUFFICIENT NUMBER OF PHYSICIANS TO MEET THE COMMUNITY'S NEEDS. CHARITY CARE AND COLLECTION POLICIES FOR THE CORPORATION ARE IDENTICAL TO MARIETTA MEMORIAL HOSPITAL. TOTAL CHARITY PROVIDED WAS $2,753,421. THE CORPORATION PROVIDED 46,779 PATIENT VISITS IN 2021. THE PATIENT/PAYER MIX WAS 43.3% MEDICARE, 22.4% WELFARE, AND 2.9% SELF PAY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michail Vasilakis MD Physician | 40 | $2,098,149 | |
Adbolreza Ghodsi MD Physician | 40 | $1,884,386 | |
Mark Tawil MD Physician | 40 | $1,246,653 | |
Rajendra Bhati MD Physician | 40 | $1,128,751 | |
Peter Pantelidis MD Physician | 40 | $1,118,061 | |
Dan Breece MD Vice President | Officer | 40 | $928,985 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Interim Physicians Llc Physician Staffing | 9/29/21 | $874,929 |
Weatherby Locums Inc Physician Staffing | 9/29/21 | $739,247 |
Medone Hospital Physician Physician Staffing | 9/29/21 | $527,800 |
Locumtenenscom Physician Staffing | 9/29/21 | $343,314 |
Comphealth Medical Staffing Physician Staffing | 9/29/21 | $174,673 |
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 | $105,607,609 |
| 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 | $105,607,609 |
| 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. | $2,033,946 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $105,637,274 |
| Pension plan accruals and contributions | $1,096,176 |
| Other employee benefits | $8,813,591 |
| Payroll taxes | $4,875,395 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,320 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,196 |
| Office expenses | $1,068,885 |
| Information technology | $113,129 |
| Royalties | $0 |
| Occupancy | $1,439,980 |
| Travel | $34,252 |
| 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 | $506,779 |
| Insurance | $65,662 |
| All other expenses | $0 |
| Total functional expenses | $135,830,677 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $13,378,094 |
| 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 | $2,884,706 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $16,262,800 |
| Accounts payable and accrued expenses | $0 |
| 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 | $16,265,159 |
| Other liabilities | $0 |
| Total liabilities | $16,265,159 |
| Net assets without donor restrictions | -$2,359 |
| 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 | $16,262,800 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Guthrie Medical Group Pc Sayre, PA | $139,223,295 | $387,198,695 |
Spirit Physician Services Inc Hershey, PA | $28,348,186 | $134,493,398 |
Deaconess Clinic Inc Evansville, IN | $96,808,507 | $130,480,235 |
Aria Health Physician Services Philadelphia, PA | $17,578,379 | $85,692,735 |
Cumberland Family Medical Center Inc Burkesville, KY | $65,128,853 | $114,273,656 |
Marietta Health Care Physicians Inc Marietta, OH | $16,262,800 | $105,607,609 |
Licking Memorial Professional Corporation Newark, OH | $22,762,276 | $47,650,568 |
Mclaren Health Management Group Davison, MI | $97,591,258 | $95,427,508 |
University Medical Diagnostic Associates Inc Indianapolis, IN | $57,232,311 | $87,451,887 |
Cherry Street Services Inc Grand Rapids, MI | $88,865,093 | $84,792,038 |
Greater Philadelphia Health Action Philadelphia, PA | $86,083,655 | $90,116,312 |
Community Health Associates Inc Galion, OH | $8,085,875 | $50,228,840 |