Vidant Medical Group Llc
- Assets
- $90.9m
- Revenue
- $301.1m
- Investments
- $0.0
- Employees
- 819
- Location
- Greenville, NC
- Founding
- 11/2007
- Data as of
- 09/2023
- EIN
- 38-3740839
Organization Overview
Vidant Medical Group Llc, operating under the name ECU Health Physicians, is located in Greenville, NC. The organization was established in 2007. According to its NTEE Classification (E12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Health Care and related organizations. As of 09/2023, ECU Health Physicians employed 819 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. ECU Health Physicians 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 09/2023, ECU Health Physicians generated $301.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.8% each year. All expenses for the organization totaled $413.7m during the year ending 09/2023. While expenses have increased by 8.3% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE MEDICAL SERVICES IN EASTERN NORTH CAROLINA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ECU HEALTH PROFESSIONALS PROVIDED EVALUATIONS, CLINICAL CARE MANAGEMENT, AND MEDICALLY NECESSARY PROCEDURES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Waldrum CEO | Officer | 2 | $0 |
Aaron Danison Physician | 40 | $1,669,061 | |
Pradeep Arumugham Physician | 40 | $1,181,070 | |
Richard Holm Physician | 40 | $1,158,561 | |
David Lingle Physician | 40 | $1,007,701 | |
David Hughes Cfo, Ecu Health (thru 12/22) | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ecu School Of Medicine Physician Services | 9/29/23 | $13,657,447 |
Medicus Surgery Services Llc Physician Services | 9/29/23 | $2,732,267 |
Weatherby Locums Inc Physician Services | 9/29/23 | $2,649,228 |
Comphealth Physician Services | 9/29/23 | $1,804,714 |
Bunn Medical Associates Physician Services | 9/29/23 | $2,795,780 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $5,990 |
| 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 | $5,990 |
| Total Program Service Revenue | $301,239,545 |
| Investment income | $6,880 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $15,187 |
| Net Gain/Loss on Asset Sales | -$207,376 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $301,060,226 |
| 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. | $1,119,657 |
| Compensation of current officers, directors, key employees. | $1,119,657 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $229,411,531 |
| Pension plan accruals and contributions | $7,243,857 |
| Other employee benefits | $13,861,274 |
| Payroll taxes | $12,054,140 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $52,068 |
| Fees for services: Accounting | $41,890 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $81,350,613 |
| Advertising and promotion | $991,620 |
| Office expenses | $922,477 |
| Information technology | $48,497 |
| Royalties | $0 |
| Occupancy | $3,846,682 |
| Travel | $1,279,383 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $863,894 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,532,429 |
| Insurance | $5,033,618 |
| All other expenses | $0 |
| Total functional expenses | $413,705,233 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,071,600 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $20,853,086 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,284,664 |
| Prepaid expenses and deferred charges | $438,298 |
| Net Land, buildings, and equipment | $41,755,254 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $12,046 |
| Other assets | $21,522,266 |
| Total assets | $90,937,214 |
| Accounts payable and accrued expenses | $74,328,927 |
| 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 | $0 |
| Other liabilities | $15,058,899 |
| Total liabilities | $89,387,826 |
| Net assets without donor restrictions | $1,549,388 |
| 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 | $90,937,214 |