Westfield Medical Corporation dba Noble Medical Group
- Assets
- $0.0
- Revenue
- $6.5m
- Investments
- $0.0
- Employees
- 130
- Location
- Westfield, MA
- Founding
- 10/1993
- Data as of
- 09/2019
- EIN
- 04-3127730
Organization Overview
Westfield Medical Corporation dba Noble Medical Group, operating under the name Noble Medical Group, is located in Westfield, MA. The organization was established in 1993. According to its NTEE Classification (E31) the organization is classified as: Group Health Practices, under the broad grouping of Health Care and related organizations. As of 09/2019, Noble Medical Group employed 130 individuals. Noble Medical Group 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 09/2019, Noble Medical Group generated $6.5m 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 (11.9%) each year. All expenses for the organization totaled $11.5m during the year ending 09/2019. As we would expect to see with falling revenues, expenses have declined by (8.8%) 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE ORGANIZATION IS TO IMPROVE THE HEALTH OF THE PEOPLE IN OUR COMMUNITIES EVERY DAY, WITH QUALITY AND COMPASSION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WESTFIELD MEDICAL CORPORATION (WMC), PROVIDES PHYSICIAN SERVICES AND MEDICAL EDUCATION TO PEOPLE IN THE COMMUNITY WITHIN ITS GEOGRAPHIC LOCATION. WMC'S POLICY IS TO PROVIDE CARE TO ANY PATIENT IN NEED OF MEDICAL CARE, REGARDLESS OF THE PATIENT'S ABILITY TO PAY FOR SUCH CARE. DEPENDENT UPON THE PATIENT'S FINANCIAL CAPABILITY TO PAY, WMC MAY PROVIDE SUCH CARE FREE OF CHARGE OR AT AMOUNTS BELOW ITS NORMAL CHARGES. BECAUSE WMC DOES NOT PURSUE COLLECTION OF AMOUNTS DETERMINED TO QUALIFY AS CHARITY CARE, THEY ARE NOT REPORTED AS REVENUE.IN ADDITION TO THE CHARITY CARE PROVIDED TO PATIENTS, WMC'S PHYSICIANS PARTICIPATE IN MANY AND VARIED ONGOING COMMUNITY OUTREACH INITIATIVES IN THE AREAS OF EDUCATION, SAFETY AND HEALTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin P Moriarty MD Trustee/ Chief Ped Surgery | Trustee | 1 | $702,493 |
Aleksandr Pugach MD Trustee (thru 12/31/18)/internist | Trustee | 5 | $224,520 |
David A Higgins Advanced Practitioner 57 | 50 | $156,992 | |
Anne M Paradis Trustee/ Chair (through 12/31/18) | OfficerTrustee | 1 | $0 |
John F Maybury Chair (as Of 1/1/19) | OfficerTrustee | 1 | $0 |
Robert J Bacon Vice Chair (as Of 1/1/19) | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
National Physician Services It Services | 9/29/19 | $279,374 |
Westfield Emergency Physicians Pc Medical Services | 9/29/19 | $466,336 |
Shiftwise Temporary Help Services | 9/29/19 | $176,741 |
Gbs Convergent Solutions Llc Physician Billing | 9/29/19 | $600,580 |
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 | $6,895,681 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$362,763 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,532,918 |
| 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 | $1,984,434 |
| Pension plan accruals and contributions | $27,885 |
| Other employee benefits | $299,217 |
| Payroll taxes | $145,738 |
| Fees for services: Management | $279 |
| 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 | $396,849 |
| Advertising and promotion | $0 |
| Office expenses | $120,744 |
| Information technology | $111,964 |
| Royalties | $0 |
| Occupancy | $822,017 |
| Travel | $1,552 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,358 |
| Interest | $10,961 |
| Payments to affiliates | $5,940,315 |
| Depreciation, depletion, and amortization | $149,133 |
| Insurance | $30,770 |
| All other expenses | $0 |
| Total functional expenses | $11,495,082 |
| 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 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Uphams Corner Health Committee Inc Dorchester, MA | $23,283,775 | $48,958,688 |
Faculty Practice Foundation Inc Boston, MA | $98,365,059 | $45,984,440 |
University Surgical Associates Inc Rumford, RI | $57,102,663 | $42,930,028 |
Jordan Physician Associates Inc Plymouth, MA | $15,971,092 | $31,653,632 |
Academic Medicine Services Inc Amherst, NY | $13,449,740 | $46,145,494 |
Griffin Faculty Physicians Inc Derby, CT | $13,034,587 | $29,375,664 |
University Of Buffalo Pediatric Associates P C Buffalo, NY | $15,840,260 | $40,658,673 |
Community Care Cooperative Inc Boston, MA | $58,957,905 | $48,013,134 |
Adirondack Health Institute Inc Glens Falls, NY | $33,135,931 | $28,558,628 |
Childrens Sport Medicine Foundation Inc Boston, MA | $54,618,061 | $30,327,152 |
Day Kimball Medical Group Inc Putnam, CT | $2,012,347 | $16,365,044 |
Lenox Hill Hospital Medical Pc Westbury, NY | $7,028,959 | $23,639,356 |