Riverbend Medical Group Inc
- Assets
- $24.6m
- Revenue
- $77.8m
- Investments
- $182.4k
- Employees
- 843
- Location
- Hartford, CT
- Founding
- 09/2017
- Data as of
- 06/2022
- EIN
- 81-1807730
Organization Overview
Riverbend Medical Group Inc, operating under the name See Schedule O, is located in Hartford, CT. The organization was established in 2017. According to its NTEE Classification (E32) the organization is classified as: Community Clinics, under the broad grouping of Health Care and related organizations. As of 06/2022, See Schedule O employed 843 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. See Schedule O 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, See Schedule O generated $77.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $96.1m during the year ending 06/2022. While expenses have increased by 2.6% 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
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
RIVERBEND MEDICAL GROUP IS A MULTISPECIALTY GROUP OF PRIMARY CARE PHYSICIANS AND SPECIALISTS PROVIDING DIRECT PATIENT CARE THROUGHOUT THE PIONEER VALLEY. RIVERBEND MEDICAL GROUP ALSO OFFERS URGENT CARE SERVICES FOR PEDIATRICS AND INTERNAL MEDICINE, WHICH MAKES PHYSICIAN SERVICES AVAILABLE TO THE PUBLIC DURING HOURS WHEN RIVERBEND MEDICAL GROUP'S OTHER OFFICES ARE NOT OPEN. RIVERBEND MEDICAL GROUP PROVIDES ESSENTIAL PHYSICIAN SERVICES TO THE MERCY HOSPITAL, AN AFFILIATED SECTION 501(C)(3) HOSPITAL, AS PART OF AN INTEGRATED DELIVERY SYSTEM THAT INCLUDES THE MERCY HOSPITAL AND TRINITY HEALTH OF NEW ENGLAND. RIVERBEND MEDICAL GROUP PARTICIPATES IN MEDICARE AND MEDICAID PLANS AND OPERATES UNDER A CHARITY CARE POLICY THAT MAKES PHYSICIAN SERVICES AVAILABLE TO INDIVIDUALS WHO DO NOT HAVE INSURANCE OR MEDICAID COVERAGE AND ARE UNABLE TO PAY FOR MEDICAL SERVICES. RIVERBEND MEDICAL GROUP PROVIDES NUMEROUS ADDITIONAL SERVICES TO THE COMMUNITY, INCLUDING PARTICIPATING IN THE EDUCATION OF HEALTH CARE PROFESSIONALS AND PARTICIPATING IN COMMUNITY WELLNESS AND HEALTH FAIRS AND PUBLIC SCREENING EVENTS. PLEASE VISIT OUR WEBSITE FOR ADDITIONAL INFORMATION: WWW.TRINITYHEALTHOFNE.ORG/MEDICALGROUP
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ugo Uwaoma MD Dir, Thofne Med Group Pres Thr 10/21 | OfficerTrustee | 20 | $0 |
Natasha Mckay MD Director Through 12/21; Physician | Trustee | 1 | $0 |
Elie Semaan MD Physician | 50 | $779,694 | |
Brian Pryor Physician | 50 | $754,445 | |
Thomas Robert Former Officer; Sphp Treas & CFO | 0 | $0 | |
Viriato Fiallo MD Physician | 48 | $693,724 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Performance Environ Services Llc Janitorial Services | 6/29/22 | $580,800 |
Crown Linen Service Inc Laundry Serices | 6/29/22 | $473,104 |
Sharecare Health Data Svcs Llc Data Services | 6/29/22 | $405,409 |
Aerotek Inc Temp Labor Services | 6/29/22 | $304,802 |
Baystate Medical Practices Inc Physician Services | 6/29/22 | $215,766 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,735,943 |
| 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 | $2,735,943 |
| Total Program Service Revenue | $73,479,721 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $86,739 |
| Net Gain/Loss on Asset Sales | -$70,382 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $77,757,403 |
| 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. | $707,105 |
| Compensation of current officers, directors, key employees. | $601,066 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $63,311,360 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,266,239 |
| Payroll taxes | $3,645,518 |
| 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 | $6,191,963 |
| Advertising and promotion | $87,438 |
| Office expenses | $683,511 |
| Information technology | $182 |
| Royalties | $0 |
| Occupancy | $7,116,405 |
| Travel | $31,521 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $114,152 |
| Interest | $1,772 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,274,437 |
| Insurance | $1,225,146 |
| All other expenses | $254,183 |
| Total functional expenses | $96,083,522 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,001 |
| Savings and temporary cash investments | $151,357 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,893,883 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $163,828 |
| Prepaid expenses and deferred charges | $36,019 |
| Net Land, buildings, and equipment | $5,865,975 |
| Investments—publicly traded securities | $273,552 |
| Investments—other securities | $182,368 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $13,015,388 |
| Total assets | $24,586,371 |
| Accounts payable and accrued expenses | $7,629,243 |
| 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 | $34,420 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $22,768,389 |
| Total liabilities | $30,432,052 |
| Net assets without donor restrictions | -$5,845,681 |
| 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 | $24,586,371 |