Reliant Medical Group Inc
- Assets
- $0.0
- Revenue
- $168.1m
- Investments
- $0.0
- Employees
- 2,650
- Location
- Worcester, MA
- Founding
- Data as of
- 03/2018
- EIN
- 04-2472266
Organization Overview
Reliant Medical Group Inc is located in Worcester, MA. As of 03/2018, Reliant Medical Group Inc employed 2,650 individuals. Reliant Medical Group 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 03/2018, Reliant Medical Group Inc generated $168.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (29.1%) each year. All expenses for the organization totaled $176.4m during the year ending 03/2018. As we would expect to see with falling revenues, expenses have declined by (28.7%) per year over the past 4 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
2018
Describe the Organization's Mission:
Part 3 - Line 1
SEE STATEMENT 1 AT SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
STATEMENT 2
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tarek Elsawy MD President And CEO | Officer | 50 | $480,001 |
William Balcom MD Trustee;clerk;chair-Ortho Dept | OfficerTrustee | 50 | $225,112 |
Jeffrey Zaref Pediatrician | 50 | $212,943 | |
Paul Arcand Physician Vascular Surgery | 50 | $192,804 | |
David Kim MD Div.chief Ortho. & Plastic Surgery | 50 | $191,777 | |
Michael Kelfer MD Div. Chief Gastroenterology | 50 | $189,088 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mcdermott Will & Emery Legal Services | 3/30/18 | $209,358 |
Pricewaterhousecoopers Llp Management Consulting | 3/30/18 | $116,750 |
Aramark Healthcare Technologies It Services | 3/30/18 | $243,155 |
Aramark Healthcare Support Services Patient Services | 3/30/18 | $374,007 |
Optuminsight Management Consulting | 3/30/18 | $210,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $17,109 |
| 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 | $17,109 |
| Total Program Service Revenue | $168,324,726 |
| Investment income | $144,733 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $10,764 |
| Net Gain/Loss on Asset Sales | -$347,837 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $168,149,495 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $74,550 |
| 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. | $2,041,437 |
| Compensation of current officers, directors, key employees. | $944,166 |
| Compensation to disqualified persons | $571,505 |
| Other salaries and wages | $51,789,409 |
| Pension plan accruals and contributions | $2,407,187 |
| Other employee benefits | $5,133,417 |
| Payroll taxes | $4,096,668 |
| Fees for services: Management | $52,702 |
| Fees for services: Legal | $132,661 |
| Fees for services: Accounting | $28,700 |
| Fees for services: Lobbying | $13,609 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $23,889 |
| Fees for services: Other | $82,458,377 |
| Advertising and promotion | $164,666 |
| Office expenses | $1,911,504 |
| Information technology | $1,348,140 |
| Royalties | $0 |
| Occupancy | $9,901,142 |
| Travel | $134,443 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $84,463 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,262,355 |
| Insurance | $3,771,239 |
| All other expenses | $0 |
| Total functional expenses | $176,436,084 |
| 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 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Unrestricted restricted net Assets | $0 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $0 |
Grants Awarded
Over the last fiscal year, Reliant Medical Group Inc has awarded $45,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Worcester, MA PURPOSE: GENERAL SUPPORT | $37,500 |
Worcester, MA PURPOSE: GENERAL SUPPORT | $7,500 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Reliant Medical Group Inc has recieved totaling $250,000.
| Awarding Organization | Amount |
|---|---|
Institute For Healthcare Improvement Boston, MA PURPOSE: HEALTH CARE | $250,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
United States Fund For Unicef New York, NY | $445,451,590 | $1,061,946,827 |
Eastern Maine Medical Center Bangor, ME | $1,005,801,244 | $940,831,284 |
Lahey Clinic Hospital Inc Burlington, MA | $439,333,881 | $1,036,261,688 |
Presbyterian Medical Center Of The University Of Pennsylvania Health Philadelphia, PA | $864,132,692 | $1,007,924,819 |
Southern New Hampshire University Manchester, NH | $1,413,400,967 | $1,091,579,648 |
Elderserve Health Inc Bronx, NY | $276,950,489 | $957,027,070 |
Cape Cod Healthcare Inc Hyannis, MA | $1,256,505,571 | $986,611,618 |
Newyork-Presbyterian-Queens Flushing, NY | $898,800,022 | $913,594,490 |
New York-Presbyterian Brooklyn Methodist Brooklyn, NY | $1,733,884,296 | $932,635,722 |
Fordham University Bronx, NY | $2,430,141,698 | $953,892,663 |
St Josephs Health System Subordinate Group Return Paterson, NJ | $1,081,595,215 | $963,799,571 |
Rochester Institute Of Technology Rochester, NY | $2,526,196,996 | $1,071,324,345 |