Jordan Health Systems Inc
- Assets
- $17.5m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Plymouth, MA
- Founding
- 10/1939
- Data as of
- 09/2020
- EIN
- 04-2103805
Organization Overview
Jordan Health Systems Inc is located in Plymouth, MA. The organization was established in 1939. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, 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. Jordan Health Systems 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 09/2020, Jordan Health Systems Inc generated $3.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (6.1%) each year. All expenses for the organization totaled $2.8m during the year ending 09/2020. As we would expect to see with falling revenues, expenses have declined by (1.4%) per year over the past 6 years. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Fischer Steven Bilh Cfo, Trustee, Treasurer (ex-Officio) | OfficerTrustee | 1 | $0 |
Primavera Dennis Trustee, Vice Chair | OfficerTrustee | 1 | $0 |
Fosdick Kenneth Chair, Trustee | OfficerTrustee | 1 | $0 |
Coughlin Kevin President And Trustee Ex Officio | OfficerTrustee | 1 | $0 |
Radzevich Jason VP Of Finance, CFO & Asst Treasurer | Officer | 1 | $0 |
Tabb MD Kevin Chief Executive Officer | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $51,300 |
| Investment income | $25,178 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $5,808 |
| Net Gain/Loss on Asset Sales | $178,288 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,070,615 |
| 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. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,628,390 |
| Pension plan accruals and contributions | $60,625 |
| Other employee benefits | $0 |
| Payroll taxes | $84,177 |
| 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 | $1,019,338 |
| Advertising and promotion | $0 |
| Office expenses | $17,511 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,810,041 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $6,900,465 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $338,958 |
| Total assets | $17,453,516 |
| Accounts payable and accrued expenses | $300,441 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $953,429 |
| Total liabilities | $1,253,870 |
| Net assets without donor restrictions | $0 |
| 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 | $16,199,646 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Jordan Health Systems Inc has recieved totaling $12,000.
| Awarding Organization | Amount |
|---|---|
Saquish Foundation Boston, MA PURPOSE: MEDICAL | $12,000 |
Endowment Analysis
| Beg. Balance | $4,993,687 |
| Earnings | $926,314 |
| Net Contributions | $182,280 |
| Other Expense | $253,171 |
| Ending Balance | $5,849,110 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Boston Healthnet Corporation Boston, MA | $1,391,448 | $17,183,901 |
Albany Medical Center Saratoga Springs, NY | $17,328,223 | $18,761,699 |
Masonicare Corporation Wallingford, CT | $62,787,609 | $7,389,407 |
Metropolitan Medical Practice Plan Pc Bronx, NY | $6,076,770 | $14,643,918 |
Western Connecticut Health Network Affiliates Inc Danbury, CT | $7,022,021 | $12,529,671 |
Southcoast Health System Inc New Bedford, MA | $230,534,649 | $39,093,596 |
Mass General Brigham Incorporated Somerville, MA | $110,987,827 | $17,110,178 |
Exeter Health Resources Exeter, NH | $367,054,931 | $15,758,804 |
Buffalo Niagara Medical Campus Inc Buffalo, NY | $98,865,415 | $10,408,874 |
South Yarmouth Management Systems Inc Pittsfield, MA | $3,781,168 | $11,483,652 |
United Health Services Inc Binghamton, NY | $30,125,980 | $10,935,942 |
North Shore-Lij Cardiology At Deer Park Pc Westbury, NY | $1,851,842 | $8,492,015 |