Common Wealth Clinical Alliance Inc
- Assets
- $278.7m
- Revenue
- $63.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Boston, MA
- Founding
- 07/2004
- Data as of
- 12/2023
- EIN
- 56-2382058
Organization Overview
Common Wealth Clinical Alliance Inc is located in Boston, MA. The organization was established in 2004. According to its NTEE Classification (E31) the organization is classified as: Group Health Practices, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Common Wealth Clinical Alliance 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 12/2023, Common Wealth Clinical Alliance Inc generated $63.0m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 11.6% each year . All expenses for the organization totaled $63.1m during the year ending 12/2023. While expenses have increased by 11.2% per year over the past 9 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
SERVES AS A PRIMARY CARE SITE WITH NUMEROUS LOCATIONS IN MASSACHUSETTS, FOR THE COMMONWEALTH CARE ALLIANCE'S SENIOR CARE AND ONE CARE OPTIONS PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES CARE MANAGEMENT SERVICES TO CHRONICALLY ILL ADULTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christopher D Palmieri President & Ceo, Director | OfficerTrustee | 10 | $0 |
Hany Abdelaal Director (as Of June 2023) | Trustee | 1 | $0 |
Nazlim Hagmann Director | Trustee | 1 | $0 |
Daniel Henderson Director | Trustee | 1 | $0 |
Biljana Simikic Director | Trustee | 1 | $0 |
Kathleen Stillo Director (until July 2023) | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Delta Dental Medical Support | 12/30/17 | $666,429 |
Baystate Medical Practices Inc Medical Support | 12/30/17 | $207,917 |
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 | $63,051,921 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$44,450 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $63,007,471 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $45,864,802 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $14,459,561 |
| Payroll taxes | $0 |
| 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 | $0 |
| Fees for services: Other | $856,121 |
| Advertising and promotion | $560 |
| Office expenses | $371,021 |
| Information technology | $3,022 |
| Royalties | $0 |
| Occupancy | $802,235 |
| Travel | $536,600 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,202 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $54,937 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $63,063,935 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $27,800 |
| Net Land, buildings, and equipment | $12,291 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $278,617,137 |
| Total assets | $278,657,228 |
| Accounts payable and accrued expenses | $153,305 |
| 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 | $263,550,038 |
| Total liabilities | $263,703,343 |
| Net assets without donor restrictions | $14,953,885 |
| 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 | $278,657,228 |