Optimus Health Care Inc
- Assets
- $28.9m
- Revenue
- $61.1m
- Investments
- $83.3k
- Employees
- 571
- Location
- Bridgeport, CT
- Founding
- 03/1978
- Data as of
- 06/2021
- EIN
- 06-0972166
Organization Overview
Optimus Health Care Inc is located in Bridgeport, CT. The organization was established in 1978. According to its NTEE Classification (E30) the organization is classified as: Ambulatory & Primary Health Care, under the broad grouping of Health Care and related organizations. As of 06/2022, Optimus Health Care Inc employed 571 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Optimus Health Care 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 06/2021, Optimus Health Care Inc generated $61.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $58.8m during the year ending 06/2021. While expenses have increased by 1.9% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A BROAD RANGE OF PRIMARY CARE SERVICES, INCLUDING MEDICAL, DENTAL AND BEHAVIORAL HEALTH SERVICES TO MARGINALIZED COMMUNITIES IN BRIDGEPORT, STRATFORD, MILFORD, STAMFORD AND WEST HAVEN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE A BROAD RANGE OF PRIMARY CARE SERVICES, INCLUDING MEDICAL, DENTAL AND BEHAVIORAL HEALTH SERVICES TO MARGINALIZED COMMUNITIES IN BRIDGEPORT, STRATFORD, MILFORD,STAMFORD AND WEST HAVEN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Daley Chief Executive Officer | Officer | 40 | $289,978 |
Shireen Donaldson Ramos Medical Director | 40 | $273,145 | |
Katherine A Golar Chief Medical Officer | Officer | 40 | $262,552 |
Sudha Sreenivasan Medical Director Behavioral H | 32 | $253,941 | |
Charles Rose Chief Financial Officer | Officer | 40 | $194,173 |
Giuliana Nova-Ordonez Dental Director | 40 | $193,568 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Olsen Construction Services Construction | 6/29/22 | $2,556,999 |
Dp 26 Llc Albright Properties Occupancy | 6/29/22 | $1,179,290 |
Diversified Building Services Janitorial Service | 6/29/22 | $418,183 |
Joseph Sepot Architect Services | 6/29/22 | $146,241 |
Performance Environmental Services Environmental Serv | 6/29/22 | $141,180 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $21,221,837 |
| Investment income | $60,863 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $11,800 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $61,091,096 |
| 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. | $1,429,406 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $27,789,429 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,028,435 |
| Payroll taxes | $0 |
| 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 | $0 |
| Advertising and promotion | $258,088 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,014,283 |
| Travel | $134,147 |
| 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 | $1,317,596 |
| Insurance | $313,602 |
| All other expenses | $0 |
| Total functional expenses | $58,755,489 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,498,478 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,376,703 |
| Accounts receivable, net | $1,898,020 |
| 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 | $112,472 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $83,333 |
| Investments—program-related | $4,136,959 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $28,924,090 |
| Accounts payable and accrued expenses | $4,347,544 |
| Grants payable | $0 |
| Deferred revenue | $3,532,712 |
| 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 | $3,472,343 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,798,976 |
| Total liabilities | $14,151,575 |
| 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 | $14,772,515 |