Moses Cone Physician Services Inc
- Assets
- $46.6m
- Revenue
- $84.6m
- Investments
- $0.0
- Employees
- 1,035
- Location
- Greensboro, NC
- Founding
- 10/2011
- Data as of
- 09/2023
- 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 09/2023, Moses Cone Physician Services Inc employed 1,035 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 09/2023, Moses Cone Physician Services Inc generated $84.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.3% each year. All expenses for the organization totaled $135.1m during the year ending 09/2023. While expenses have increased by 10.0% 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
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 450,438 OFFICE, HOSPITAL, AND TELEHEALTH VISITS THIS YEAR. OF THE TOTAL GROSS CHARGES BOOKED FOR THE YEAR, 63.78% WERE FOR MEDICARE OR MEDICAID PATIENTS, AND THE COMPANY PROVIDED $5,978,549 OF CHARITY CARE TO THE COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cagle MD Mary Jo Director | Trustee | 0 | $0 |
Dew MD Jason Physician | 40 | $1,240,607 | |
Bartle MD Bryan Physician | 40 | $1,182,418 | |
Hendrickson MD Steven Physician | 40 | $1,174,685 | |
Kowalski MD David Physician | 40 | $1,174,686 | |
Xu MD Naiping Physician | 40 | $1,042,849 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $60,653 |
| All other contributions, gifts, grants, and similar amounts not included above | $93,343 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $153,996 |
| Total Program Service Revenue | $83,134,968 |
| Investment income | $2,521 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $41,581 |
| 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 | $84,578,401 |
| 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. | $1,341,413 |
| Compensation of current officers, directors, key employees. | $134,141 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $111,865,509 |
| Pension plan accruals and contributions | $3,196,487 |
| Other employee benefits | $11,361,978 |
| Payroll taxes | $5,551,667 |
| Fees for services: Management | $2,027,227 |
| Fees for services: Legal | $12,505 |
| Fees for services: Accounting | $216,440 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $350,616 |
| Advertising and promotion | $100,040 |
| Office expenses | $768,882 |
| Information technology | $533,003 |
| Royalties | $0 |
| Occupancy | $3,288,130 |
| Travel | $258,639 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $257 |
| Payments to affiliates | -$21,210,180 |
| Depreciation, depletion, and amortization | $1,705,582 |
| Insurance | $648,383 |
| All other expenses | $147,236 |
| Total functional expenses | $135,133,408 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,300 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,752,509 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $84,353 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $6,785,552 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $2,335,355 |
| Other assets | $26,683,587 |
| Total assets | $46,644,656 |
| Accounts payable and accrued expenses | $37,307,519 |
| Grants payable | $59,452 |
| Deferred revenue | $580 |
| 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 | $341,867,513 |
| Total liabilities | $379,235,064 |
| Net assets without donor restrictions | -$332,719,509 |
| Net assets with donor restrictions | $129,101 |
| 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 | $46,644,656 |