Moses Cone Physician Services Inc
- Assets
- $50.6m
- Revenue
- $84.1m
- Investments
- $0.0
- Employees
- 966
- Location
- Greensboro, NC
- Founding
- 10/2011
- Data as of
- 09/2021
- EIN
- 80-0249057
Organization Overview
Moses Cone Physician Services Inc is located in Greensboro, NC. The organization was established in 2011. According to its NTEE Classification (E30) the organization is classified as: Ambulatory & Primary Health Care, under the broad grouping of Health Care and related organizations. As of 09/2021, Moses Cone Physician Services Inc employed 966 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Moses Cone Physician Services 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, Moses Cone Physician Services Inc generated $84.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.1% each year . All expenses for the organization totaled $122.9m during the year ending 09/2021. While expenses have increased by 11.7% 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
WE SERVE OUR COMMUNITIES BY PREVENTING ILLNESS, RESTORING HEALTH, AND PROVIDING COMFORT THROUGH EXCEPTIONAL PEOPLE DELIVERING EXCEPTIONAL CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVISION OF PHYSICIAN SERVICES. PHYSICIANS PROVIDED 442,085 OFFICE, HOSPITAL, AND TELEHEALTH VISITS THIS YEAR. OF THE TOTAL GROSS CHARGES BOOKED FOR THE YEAR, 62.60% WERE FOR MEDICARE OR MEDICAID PATIENTS, AND THE COMPANY PROVIDED $4,698,148 OF CHARITY CARE TO THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kowalski David Physician | 40 | $1,173,386 | |
Xu MD Naiping Physician | 40 | $1,030,938 | |
Dew MD Jason Physician | 40 | $1,027,636 | |
Blackman Christopher Physician | 40 | $926,634 | |
Duda Marcus Physician | 40 | $865,850 | |
Portillo MD Martin President | Officer | 40 | $763,514 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,572,532 |
| 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 | $5,572,532 |
| Total Program Service Revenue | $77,510,958 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $377,694 |
| Net Gain/Loss on Asset Sales | $41,282 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $84,107,412 |
| 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. | $1,343,082 |
| Compensation of current officers, directors, key employees. | $134,308 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $100,026,734 |
| Pension plan accruals and contributions | $3,563,874 |
| Other employee benefits | $8,912,078 |
| Payroll taxes | $5,124,103 |
| Fees for services: Management | $2,131,102 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $783,083 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $166,963 |
| Advertising and promotion | $179,517 |
| Office expenses | $770,484 |
| Information technology | $993,344 |
| Royalties | $0 |
| Occupancy | $3,524,114 |
| Travel | $150,444 |
| 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 | -$22,241,146 |
| Depreciation, depletion, and amortization | $1,472,311 |
| Insurance | $501,150 |
| All other expenses | $599,711 |
| Total functional expenses | $122,891,432 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,960 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,092,495 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $96,782 |
| Prepaid expenses and deferred charges | $135,843 |
| Net Land, buildings, and equipment | $8,583,505 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $2,335,355 |
| Other assets | $30,353,247 |
| Total assets | $50,601,187 |
| Accounts payable and accrued expenses | $31,780,785 |
| Grants payable | $0 |
| Deferred revenue | $1,802 |
| 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 | $257,422,646 |
| Total liabilities | $289,205,233 |
| Net assets without donor restrictions | -$238,639,864 |
| Net assets with donor restrictions | $35,818 |
| 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 | $50,601,187 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dialysis Clinic Inc Nashville, TN | $782,995,317 | $765,633,140 |
Mcv Associated Physicians Richmond, VA | $296,921,285 | $539,983,630 |
Duke University Affiliated Physicans Inc Durham, NC | $86,448,101 | $171,120,861 |
Wellmont Medical Associates Inc Johnson City, TN | $20,115,154 | $123,355,433 |
Moses Cone Physician Services Inc Greensboro, NC | $50,601,187 | $84,107,412 |
Cooperative Healthcare Services Inc Brunswick, GA | $14,369,691 | $76,135,784 |
Ut Le Bonheur Pediatric Specialists Inc Memphis, TN | $10,488,131 | $58,933,754 |
Ut Medical Group Inc Memphis, TN | $46,840,013 | $90,614,625 |
Columbus Ambulatory Healthcare Services Inc Columbus, GA | $18,745,132 | $56,730,449 |
Pediatric Specialists Of Virginia Llc Fairfax, VA | $27,579,335 | $38,520,642 |
Wellmont Cardiology Services Johnson City, TN | $7,928,390 | $49,063,818 |
Careconnect Health Inc Richland, GA | $64,016,478 | $69,742,586 |