Presbyterian Medical Services
- Assets
- $110.3m
- Revenue
- $123.8m
- Investments
- $0.0
- Employees
- 1,334
- Location
- Santa Fe, NM
- Founding
- 07/1970
- Data as of
- 12/2021
- EIN
- 85-0206810
Organization Overview
Presbyterian Medical Services is located in Santa Fe, NM. The organization was established in 1970. 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 12/2022, Presbyterian Medical Services employed 1,334 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Presbyterian Medical Services 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 12/2021, Presbyterian Medical Services generated $123.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $113.6m during the year ending 12/2021. While expenses have increased by 3.7% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PRESBYTERIAN MEDICAL SERVICES DESIGNS AND DELIVERS QUALITY, INTEGRATED HEALTH, EDUCATION, AND HUMAN SERVICES IN RESPONSE TO IDENTIFIED COMMUNITY NEEDS OF THE MULTICULTURAL PEOPLE OF THE SOUTHWEST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUT-PATIENT COMMUNITY HEALTH CARE CENTERS PROVIDE MEDICAL, DENTAL, AND BEHAVIORAL HEALTH SERVICE THROUGHOUT THE STATE OF NEW MEXICO. 53 HEALTH CENTERS IN 19 COUNTIES PROVIDED 427,685 VISITS TO 79,678 PATIENTS.
CHILDREN'S PROGRAMS, PRIMARILY HEAD START AND EARLY HEAD START, PROVIDE CHILDCARE TO CHILDREN FROM BIRTH TO AGE 5. 552 CHILDREN WERE SERVED IN EARLY HEAD START AND 447 WERE SERVED IN HEAD START.
ROUNDTREE OFFERS HOME-BASED EARLY INTERVENTION FOR DEVELOPMENTALLY DISABLED AT RISK CHILDREN. 516 CLIENTS THROUGHOUT SAN JUAN COUNTY RECEIVED SERVICES FROM THIS PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Smith Board Chair | Trustee | 1 | $0 |
Franklin Mccasland Member | Trustee | 1 | $0 |
Scott Michlin Member | Trustee | 1 | $0 |
Brian Romkey Member | Trustee | 1 | $0 |
Cynthia Rael Vigil Member | Trustee | 1 | $0 |
Marlene Waukazoo Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Locumsmart Llc Staffing | 12/30/22 | $1,670,827 |
Alithya Ranzel Llc It Professional Services | 12/30/22 | $449,333 |
Faspsyc Llc Staffing | 12/30/22 | $423,927 |
Scorpion Healthcare Llc Marketing | 12/30/22 | $550,006 |
Roxana Raicu Psychiatry | 12/30/22 | $292,364 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $46,795,272 |
| Investment income | $257,741 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $161,143 |
| Net Gain/Loss on Asset Sales | $270,521 |
| Net Income from Fundraising Events | $15,637 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $3,033,990 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $123,771,460 |
| Statement of Expenses | |
|---|---|
| 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. | $2,279,358 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $60,815,797 |
| Pension plan accruals and contributions | $2,168,571 |
| Other employee benefits | $6,948,380 |
| Payroll taxes | $4,641,843 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $118,292 |
| Fees for services: Accounting | $116,498 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $51,600 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,943,521 |
| Advertising and promotion | $291,161 |
| Office expenses | $7,575,888 |
| Information technology | $8,683,115 |
| Royalties | $0 |
| Occupancy | $639,481 |
| Travel | $442,042 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $558,621 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,164,150 |
| Insurance | $991,111 |
| All other expenses | $0 |
| Total functional expenses | $113,583,119 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,187,688 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $25,805,939 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $215,770 |
| Prepaid expenses and deferred charges | $1,343,304 |
| Investments—publicly traded securities | $19,245,062 |
| Investments—other securities | $0 |
| Investments—program-related | $257,268 |
| Intangible assets | $0 |
| Other assets | $2,595,346 |
| Total assets | $110,320,663 |
| Accounts payable and accrued expenses | $13,518,698 |
| Grants payable | $0 |
| Deferred revenue | $1,400,913 |
| 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 | $10,104,944 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $438,600 |
| Total liabilities | $25,463,155 |
| Net assets without donor restrictions | $84,857,508 |
| 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 |
| Total liabilities and net assets/fund balances | $84,857,508 |