The Wallace Medical Concern
- Assets
- $12.4m
- Revenue
- $12.7m
- Investments
- $0.0
- Employees
- 100
- Location
- Portland, OR
- Founding
- 07/1984
- Data as of
- 06/2023
- EIN
- 93-0853709
Organization Overview
The Wallace Medical Concern is located in Portland, OR. The organization was established in 1984. 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 06/2023, Wallace Medical Concern employed 100 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wallace Medical Concern 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 06/2023, Wallace Medical Concern generated $12.7m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 11.0% each year . All expenses for the organization totaled $11.2m during the year ending 06/2023. While expenses have increased by 12.0% 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
PROVIDE HEALTH SERVICES TO THOSE IN NEED IN THE PORTLAND AND GRESHAM METROPOLITAN AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE WALLACE MEDICAL CONCERN (WALLACE) PROVIDES AN OPEN DOOR TO EXCEPTIONAL HEALTH SERVICES AND CONNECTIONS THAT SUPPORT INDIVIDUALS AND THEIR FAMILIES IN HEALTHY LIVING. WALLACE HAS A 35 YEAR RECORD OF PROVIDING MEDICAL SERVICES AND HAS DISTINGUISHED ITSELF AS A PATIENT CENTERED,INNOVATIVE HEALTH CARE ORGANIZATION. WALLACE BECAME A FEDERALLY QUALIFIED HEALTH CENTER IN JUNE OF 2012, ALLOWING FOR EXPANDED SERVICES AND IMPLEMENTATION OF PRIMARY CARE THAT OFFERS A COMPREHENSIVE MEDICAL HOME AND CONTINUITY OF CARE FOR PATIENTS AND THEIR FAMILIES. WE OFFER INTEGRATED MEDICAL, DENTAL, AND BEHAVIORAL/ MENTAL HEALTH SERVICES. MEDICAL SERVICES INCLUDE PEDIATRIC CARE, WOMEN'S HEALTH, AND CHRONIC DISEASE MANAGEMENT. OUR CARE TEAMS ADDRESS SOCIAL DETERMINANTS OF HEALTH SUCH AS FOOD SECURITY AND HOUSING.WALLACE'S INCREASING CAPACITY TO PROVIDE HIGH QUALITY HEALTH SERVICES IS DUE TO ITS SUCCESS IN ATTRACTING SKILLED AND COMMITTED MEDICAL PROFESSIONALS, ITS INNOVATIVE PARTNERSHIPS, AND ITS MULTICULTURAL, MULTILINGUAL STAFF.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lynn Ketch President | OfficerTrustee | 1 | $0 |
Edith Arriaga-Flores Secretary | OfficerTrustee | 1 | $0 |
John Engle Vice President | OfficerTrustee | 1 | $0 |
Jake Ohman Treasurer | OfficerTrustee | 1 | $0 |
Emanuel Barerra Director | Trustee | 1 | $0 |
David Mitchell Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Central Bethany Development Co Lp Rent For Rockwood Rising And Constructio | 6/29/23 | $741,396 |
Choicehealth Finance Equipment Loan Payments | 6/29/23 | $229,278 |
Ochin It And Patient Billing Services | 6/29/23 | $293,371 |
Convergence Networks It Services | 6/29/23 | $227,843 |
Hr Annie Consulting Hr Services | 6/29/23 | $162,419 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,096,796 |
| All other contributions, gifts, grants, and similar amounts not included above | $992,494 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,089,290 |
| Total Program Service Revenue | $8,300,224 |
| Investment income | $21,914 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $55,444 |
| 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 | $12,717,753 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $39,558 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $782,947 |
| Compensation of current officers, directors, key employees. | $187,907 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,354,503 |
| Pension plan accruals and contributions | $164,795 |
| Other employee benefits | $535,065 |
| Payroll taxes | $438,761 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,853 |
| Fees for services: Accounting | $91,774 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,001,887 |
| Advertising and promotion | $0 |
| Office expenses | $38,158 |
| Information technology | $142,936 |
| Royalties | $0 |
| Occupancy | $940,185 |
| Travel | $5,874 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $20,056 |
| Interest | $26,539 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $382,754 |
| Insurance | $52,315 |
| All other expenses | $207,485 |
| Total functional expenses | $11,217,400 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,927,985 |
| Savings and temporary cash investments | $1,881,368 |
| Pledges and grants receivable | $254,937 |
| Accounts receivable, net | $940,766 |
| 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 | $258,665 |
| Net Land, buildings, and equipment | $2,209,109 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,960,414 |
| Total assets | $12,433,244 |
| Accounts payable and accrued expenses | $692,018 |
| Grants payable | $0 |
| Deferred revenue | $38,658 |
| 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 | $833,987 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,195,314 |
| Total liabilities | $5,759,977 |
| Net assets without donor restrictions | $6,673,267 |
| 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 | $12,433,244 |