Amida Care Inc
- Assets
- $166.1m
- Revenue
- $443.9m
- Investments
- $0.0
- Employees
- 178
- Location
- New York, NY
- Founding
- 12/2001
- Data as of
- 12/2021
- EIN
- 13-4154068
Organization Overview
Amida Care Inc is located in New York, NY. The organization was established in 2001. 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 12/2021, Amida Care Inc employed 178 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Amida 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 12/2021, Amida Care Inc generated $443.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $452.7m during the year ending 12/2021. While expenses have increased by 3.2% 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
AMIDA CARE INC. IS A HEALTH MAINTENANCE ORGANIZATION FORMED TO OBTAIN A COMPREHENSIVE HIV SPECIAL NEEDS CERTIFICATE OF AUTHORITY IN ORDER TO PROVIDE OR ARRANGE FOR ALL MEDICAL ASSISTANCE SERVICES TO PERSONS ENROLLED IN THE PLAN AND FOR ASSISTING ENROLLEES IN THE PRUDENT SELECTION OF SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AMIDA CARE IS A MEDICAID MANAGED CARE PLAN THAT PROVIDES ASSISTANCE AND/OR ARRANGES FOR MEDICAL CARE AND NON-MEDICAL SUPPORT FOR PERSONS ENROLLED IN THE PLAN. STAFF ALSO ASSISTS ENROLLEES IN THE PRUDENT SELECTION OF SERVICES. THE PLAN COVERED 99,431 MEMBER MONTHS IN 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Douglas Wirth President & CEO | Officer | 40 | $398,282 |
Patrick Mcgovern Chief Operations & Strategy Officer | Officer | 40 | $291,627 |
Felice Kussoy Chief Financial Officer | Officer | 40 | $235,502 |
Jerome Ernstmd Chief Medical Officer | Officer | 40 | $227,430 |
Salvatore Giunta VP Of Information Technology | 40 | $220,738 | |
Nicholas Liguori Exec. VP - Thru Sept. 2021 | Officer | 40 | $215,651 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ropes & Gray Llp Legal Services | 12/30/21 | $414,731 |
Mp Care Solutions Management Services | 12/30/21 | $1,584,018 |
Beacon Health Strategies Llc Management Services | 12/30/21 | $2,983,076 |
Express Scripts Inc Pharmacy Adm. | 12/30/21 | $1,414,071 |
Sonnick Partners Llc Consultant & Software- Call Center | 12/30/21 | $760,530 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $194,155 |
| Related organizations | $0 |
| Government grants | $2,896,473 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,736,841 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,827,469 |
| Total Program Service Revenue | $438,570,746 |
| Investment income | $236,367 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $22,500 |
| Net Gain/Loss on Asset Sales | $276,401 |
| Net Income from Fundraising Events | -$1,712 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $443,931,771 |
| 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. | $1,549,404 |
| Compensation of current officers, directors, key employees. | $1,549,404 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,008,845 |
| Pension plan accruals and contributions | $391,648 |
| Other employee benefits | $2,706,495 |
| Payroll taxes | $1,105,187 |
| Fees for services: Management | $5,052,019 |
| Fees for services: Legal | $637,638 |
| Fees for services: Accounting | $135,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $73,737 |
| Fees for services: Other | $2,768,057 |
| Advertising and promotion | $286,726 |
| Office expenses | $1,099,142 |
| Information technology | $2,625,138 |
| Royalties | $0 |
| Occupancy | $3,374,239 |
| Travel | $83,312 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,698 |
| Interest | $704,240 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $253,350 |
| Insurance | $293,743 |
| All other expenses | $2,354,018 |
| Total functional expenses | $452,653,949 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,963,298 |
| Savings and temporary cash investments | $580,305 |
| Pledges and grants receivable | $237,048 |
| Accounts receivable, net | $114,635,236 |
| 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 | $1,119,254 |
| Net Land, buildings, and equipment | $806,613 |
| Investments—publicly traded securities | $24,721,300 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $47,228 |
| Total assets | $166,110,282 |
| Accounts payable and accrued expenses | $48,723,718 |
| Grants payable | $0 |
| Deferred revenue | $995,141 |
| 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 | $9,377,204 |
| Other liabilities | $82,261,221 |
| Total liabilities | $141,357,284 |
| Net assets without donor restrictions | $24,752,998 |
| 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 | $166,110,282 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Amida Care Inc has recieved totaling $90,990.
| Awarding Organization | Amount |
|---|---|
New York State Health Foundation New York, NY PURPOSE: IMPLEMENT A VALUE-BASED PAYMENT STRUCTURE FOR INNOVATOR ACCOUNTABLE CARE ORGANIZATION FOCUSED ON HIV POPULATION HEALTH | $65,990 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HEALTH | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Health New England & Subsidiaries Springfield, MA | $263,944,212 | $871,340,973 |
Wellspan Medical Group York, PA | $140,592,269 | $745,783,571 |
St Lukes Physician Group Inc Allentown, PA | $77,606,071 | $634,645,551 |
Lehigh Valley Physician Group Allentown, PA | $433,846,962 | $621,243,367 |
Northeast Medical Group Inc Stratford, CT | $99,889,150 | $520,118,804 |
Amida Care Inc New York, NY | $166,110,282 | $443,931,771 |
Childrens Hospital Pediatric Associates Inc Boston, MA | $604,665,745 | $336,951,533 |
Chs Physician Partners Pc Roslyn, NY | $61,423,993 | $204,939,316 |
Tufts Medical Center Physicians Organization Inc Boston, MA | $63,599,965 | $314,022,993 |
Nuvance Health Medical Practice Ct Inc Bethel, CT | $51,472,052 | $295,023,966 |
Childrens Health Care Associates Inc Philadelphia, PA | $189,904,169 | $296,151,416 |
New York Queens Medicine And Surgery Pc Flushing, NY | $27,206,982 | $238,033,722 |