Riverside County Foundation For Medical Care
- Assets
- $9.9m
- Revenue
- $3.5m
- Investments
- $4.1m
- Employees
- 0
- Location
- Riverside, CA
- Founding
- 11/1983
- Data as of
- 12/2023
- EIN
- 95-2116615
Organization Overview
Riverside County Foundation For Medical Care is located in Riverside, CA. The organization was established in 1983. According to its NTEE Classification (E80) the organization is classified as: Health (General & Financing), under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Riverside County Foundation For Medical Care is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2023, Riverside County Foundation For Medical Care generated $3.5m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 14.5% each year . All expenses for the organization totaled $2.5m during the year ending 12/2023. While expenses have increased by 16.0% per year over the past 9 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
TO PROMOTE, DEVELOP AND ENCOURAGE THE DISTRIBUTION OF MEDICAL SERVICES BY ITS MEMBERS TO PEOPLE OF RIVERSIDE COUNTY AT A REASONABLE COST FOR PATIENT AND PHYSICIAN THROUGH EFFICIENT ADMINISTRATION OF HEALTH CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CFMC/MADDY/NETWORK SERVICES REIMBURSES PHYSICIANS FOR UNPAID EMERGENCY ROOM BASED CLAIMS
THE ORGANIZATION OPERATES AN ACCOUNTABLE CARE ORGANIZATION (ACO) WHICH IS PHYSICIAN DRIVEN AND CONTROLLED, AND IS DEDICATED TO TRANSPARENCY AND WORKING COLLABORATIVELY WITH OTHER PHYSICIANS TO PROVIDE HIGH-QUALITY, COST-EFFECTIVE CARE TO PATIENTS. THE ORGANIZATION ALSO PROVIDES EDUCATIONAL AND PRACTICE ASSISTANCE RESOURCES TO ASSIST PHYSICIANS PROVIDING CARE TO PATIENTS WITH MULTIPLE CHRONIC CONDITIONS WHO ARE INSURED THROUGH THE GOVERNMENT (MEDICARE AND MEDI-CAL).EDUCATIONAL PROGRAMS TO IMPROVE PRACTICE PERFORMANCE AND LEAD THE CHARGE FOR HEALTHCARE TRANSFORMATION AND OTHER PROGRAM SERVICES TO PERFORM CLAIMS ADMINISTRATION TO REIMBURSE PHYSICIANS WHO PROVIDE EMERGENCY CARE TO INDIGENT PATIENTS UNDER THE COUNTY OF RIVERSIDE'S EMS/MADDY PROGRAM AND PROVIDES MANAGEMENT SERVICES TO THE CALIFORNIA FOUNDATION FOR MEDICAL CARE.
THE ORGANIZATION CREATED A FELLOWSHIP PROGRAM WHICH SERVES AS THE FOUNDATIONAL ELEMENT OF A FIRST OF A KIND FULLY INTEGRATED POPULATION HEALTH FELLOWSHIP PROGRAM IN THE NATION. THE FELLOWSHIP PREPARES PRIMARY CARE PHYSICIANS FROM THE START TO LEAD INTERDISCIPLINARY TEAMS THAT CHALLENGE THE STATUS QUO BY DEVELOPING AND TESTING NEW STRATEGIES AND WORKFLOWS FOR OPTIMIZING THE HEALTH AND WELL-BEING OF OUR COMMUNITIES. A COMPREHENSIVE 12-MONTH CURRICULUM IS INCLUDED THAT COVERS KEY POPULATION HEALTH TOPICS AS WELL AS STRUCTURED ASSIGNMENTS WITH MEASURABLE OUTCOMES DESIGNED TO TRANSFORM PROVIDER AND PRACTICE PERFORMANCE DURING THE FELLOWSHIP YEAR. THE PROGRAM ALSO OFFERS LOAN FORGIVENESS INCENTIVES TO HELP REDUCE THE PRESSURES OF STUDENT DEBT AND ELIMINATE THE STRAIN OF LOW-PAYING FELLOWSHIP PROGRAMS.
THE ORGANIZATION ADOPTED A QUALITY IMPROVEMENT PROGRAM WHICH SUPPORTS PRIMARY CARE PHYSICIANS WHO ARE CONTRACTED DIRECTLY FOR THEIR PATIENTS. THE OBJECTIVE OF THE PROJECT IS TO HELP DOCTORS IMPROVE QUALITY MEASURES AND CLOSE GAPS IN CARE. USING A DATA ANALYTICS TOOL, THE PROVIDERS CAN ACCESS ACTIONABLE DATA TO IMPROVE PATIENT CARE COORDINATION, ADDRESS CHRONIC CONDITIONS, CONNECT DIAGNOSTIC CODING, REVIEW PHARMACY MANAGEMENT, AND ADDRESS QUALITY MEASURES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Feinberg MD Board Member | Trustee | 1 | $0 |
Calvin Patel MD Board Member | Trustee | 1 | $0 |
Sunny Uppal MD Board Member | Trustee | 1 | $0 |
Alonso Ojeda MD Board Member | Trustee | 1 | $0 |
Raj Sindher MD Board Member | Trustee | 1 | $0 |
Mahbuba Khan MD Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $3,239,317 |
| Investment income | $218,275 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $58,921 |
| Net Gain/Loss on Asset Sales | -$40,847 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,483,856 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,292,078 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $26,520 |
| 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 | $413,702 |
| Advertising and promotion | $0 |
| Office expenses | $15,076 |
| Information technology | $34,309 |
| Royalties | $0 |
| Occupancy | $62,095 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $145,723 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,332 |
| Insurance | $56,365 |
| All other expenses | $3,645 |
| Total functional expenses | $2,546,393 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,917,306 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $384,017 |
| 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 | $72,983 |
| Net Land, buildings, and equipment | $1,330,912 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $4,105,383 |
| Investments—program-related | $121,545 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $9,932,146 |
| Accounts payable and accrued expenses | $63,978 |
| Grants payable | $0 |
| Deferred revenue | $6,145 |
| 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 | $115,332 |
| Total liabilities | $185,455 |
| Net assets without donor restrictions | $9,746,691 |
| 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 | $9,932,146 |