Medstar Inc
- Assets
- $40.6m
- Revenue
- $66.0m
- Investments
- $0.0
- Employees
- 1,076
- Location
- Clinton Township, MI
- Founding
- 02/1992
- Data as of
- 12/2022
- EIN
- 38-2666933
Organization Overview
Medstar Inc is located in Clinton Township, MI. The organization was established in 1992. According to its NTEE Classification (E62) the organization is classified as: Emergency Medical Services & Transport, under the broad grouping of Health Care and related organizations. As of 12/2022, Medstar Inc employed 1,076 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Medstar 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 12/2022, Medstar Inc generated $66.0m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 13.8% each year . All expenses for the organization totaled $64.8m during the year ending 12/2022. While expenses have increased by 14.7% per year over the past 8 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
MEDICAL TRANSPORTATION SERVICES
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED AMBULANCE SERVICES AND NON-EMERGENCY MEDICAL TRANSPORTATION SERVICES TO THE COMMUNITIES AND INSTITUTIONS WE SERVE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Brisse Chairmain | OfficerTrustee | 1 | $0 |
Robert Cannon Secretary | OfficerTrustee | 1 | $0 |
David Shepherd Member | Trustee | 1 | $0 |
Dr James Larkin Member | Trustee | 1 | $0 |
Kevin Grady Member | Trustee | 1 | $0 |
Charles Anderson Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $16,356 |
| Related organizations | $0 |
| Government grants | $20,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,200 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $37,556 |
| Total Program Service Revenue | $65,872,763 |
| Investment income | $146 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $52,526 |
| Net Income from Fundraising Events | $509 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $65,963,500 |
| 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. | $530,110 |
| Compensation of current officers, directors, key employees. | $397,583 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $34,558,614 |
| Pension plan accruals and contributions | $350,263 |
| Other employee benefits | $4,793,325 |
| Payroll taxes | $2,543,969 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $66,961 |
| Fees for services: Accounting | $102,625 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $588,777 |
| Advertising and promotion | $226,789 |
| Office expenses | $4,267,693 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $867,272 |
| Travel | $74,859 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $70,629 |
| Interest | $164,167 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,376,519 |
| Insurance | $670,256 |
| All other expenses | $248,818 |
| Total functional expenses | $64,822,283 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,855 |
| Savings and temporary cash investments | $11,674,681 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,478,896 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,879 |
| Prepaid expenses and deferred charges | $1,274,631 |
| Net Land, buildings, and equipment | $14,499,948 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $50,000 |
| Intangible assets | $520,000 |
| Other assets | $2,106,314 |
| Total assets | $40,641,204 |
| Accounts payable and accrued expenses | $2,447,776 |
| 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 | $4,631,293 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,340,817 |
| Total liabilities | $9,419,886 |
| Net assets without donor restrictions | $31,221,318 |
| 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 | $40,641,204 |