St Peters Health Partners Medical Associates Pc
- Assets
- $73.4m
- Revenue
- $220.7m
- Investments
- $0.0
- Employees
- 1,503
- Location
- Albany, NY
- Founding
- 03/2015
- Data as of
- 06/2022
- EIN
- 46-1177336
Organization Overview
St Peters Health Partners Medical Associates Pc is located in Albany, NY. The organization was established in 2015. 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 06/2022, St Peters Health Partners Medical Associates Pc employed 1,503 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. St Peters Health Partners Medical Associates Pc 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 06/2022, St Peters Health Partners Medical Associates Pc generated $220.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.3% each year . All expenses for the organization totaled $235.1m during the year ending 06/2022. While expenses have increased by 7.8% per year over the past 7 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
TO PROVIDE HEALTH CARE SERVICES
Describe the Organization's Program Activity:
Part 3 - Line 4a
ST. PETER'S HEALTH PARTNERS MEDICAL ASSOCIATES, P.C., IS ONE OF THE CAPITAL REGION'S LARGEST MULTI-SPECIALTY PHYSICIAN GROUPS WITH MORE THAN 850 PHYSICIANS AND ADVANCED PRACTITIONERS, IN MORE THAN 130 PRACTICE LOCATIONS. OUR PROVIDERS AND STAFF ARE DEDICATED TO BRINGING TOGETHER THE BEST POSSIBLE CARE AND EXPERIENCE FOR OUR PATIENTS. WE OFFER PATIENTS IMPROVED COORDINATION OF CARE AMONG THEIR PRIMARY CARE PROVIDERS, SPECIALISTS, HOSPITAL AND OTHER HEALTH CARE PROVIDERS. WE WORK WITH OUR PATIENTS AND THEIR LOVED ONES TO PROVIDE HIGH-QUALITY, COMPASSIONATE CARE AND ADVANCED TREATMENT OPTIONS IN A SUPPORTIVE, HEALING ENVIRONMENT.HEADQUARTERED IN ALBANY, NY, OUR PHYSICIAN GROUP REPRESENTS MORE THAN 20 SPECIALTIES, INCLUDING: PRIMARY CARE; INTERNAL MEDICINE; PEDIATRICS; CARDIOLOGY; CLINICAL NUTRITION; ENDOCRINOLOGY; OBSTETRICS AND GYNECOLOGY; HEMATOLOGY; MEDICAL ONCOLOGY AND RADIATION ONCOLOGY; NEUROLOGY; NEUROSURGERY; PULMONARY AND CRITICAL CARE; RADIOLOGY; UROLOGY; BARIATRIC CARE AND SURGERY; GENERAL, HEPATOBILIARY, NEUROLOGICAL, ORTHOPEDIC, SPINAL, THORACIC, ESOPHAGEAL, COLON & RECTAL, VASCULAR, AND BREAST SURGERIES.OUR OFFICES AND AFFILIATES ARE LOCATED IN THE COUNTIES OF ALBANY, COLUMBIA, FULTON, MONTGOMERY, RENSSELAER, SARATOGA, SCHENECTADY, ULSTER AND WARREN.PLEASE VISIT OUR WEBSITE FOR ADDITIONAL INFORMATION:WWW.SPHPMA.COM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Reed MD Sphp President & CEO | Officer | 1 | $0 |
Dennis Rassias MD Physician | 49 | $1,115,522 | |
John Taggert MD Physician | 50 | $1,060,811 | |
Yaron Sternbach MD Physician | 50 | $1,060,260 | |
Kathleen Ozsvath MD Physician | 50 | $1,060,575 | |
Vardan Amirbekian MD Director; Chair; Physician | OfficerTrustee | 49 | $1,010,117 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Active Healthcare Receivables Billing Services | 6/29/22 | $890,750 |
Sano Rubin Construction Construction Services | 6/29/22 | $893,975 |
Virtual Radiologic Professionals Llc Image Reading Services | 6/29/22 | $320,287 |
Wainschaf Associates Inc Architectual Services | 6/29/22 | $282,082 |
Legion Building Services Janitorial Services | 6/29/22 | $615,566 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $386,734 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,890 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $390,624 |
| Total Program Service Revenue | $220,267,110 |
| 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 | $220,691,254 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $133 |
| 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. | $8,904,684 |
| Compensation of current officers, directors, key employees. | $1,093,057 |
| Compensation to disqualified persons | $3,445,658 |
| Other salaries and wages | $159,559,836 |
| Pension plan accruals and contributions | $6,205,727 |
| Other employee benefits | $5,902,838 |
| Payroll taxes | $8,423,066 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $70,562 |
| Fees for services: Other | $3,435,756 |
| Advertising and promotion | $312,050 |
| Office expenses | $1,181,285 |
| Information technology | $917,657 |
| Royalties | $0 |
| Occupancy | $9,012,451 |
| Travel | $59,698 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,084,028 |
| Interest | $29,603 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,425,912 |
| Insurance | $3,738,596 |
| All other expenses | $3,929,934 |
| Total functional expenses | $235,089,360 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $226,416 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,354,519 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $172,783 |
| Prepaid expenses and deferred charges | $1,311,765 |
| Net Land, buildings, and equipment | $19,466,644 |
| Investments—publicly traded securities | $10,420,166 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $2,957,346 |
| Other assets | $28,510,026 |
| Total assets | $73,419,665 |
| Accounts payable and accrued expenses | $24,515,363 |
| Grants payable | $0 |
| Deferred revenue | $68,750 |
| 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 | $517,779 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $150,665,037 |
| Total liabilities | $175,766,929 |
| Net assets without donor restrictions | -$102,356,798 |
| Net assets with donor restrictions | $9,534 |
| 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 | $73,419,665 |