Lawrence Medical Associates Pc
- Assets
- $44.0m
- Revenue
- $93.2m
- Investments
- $0.0
- Employees
- 327
- Location
- Bronxville, NY
- Founding
- 08/2012
- Data as of
- 12/2021
- EIN
- 26-4076297
Organization Overview
Lawrence Medical Associates Pc, operating under the name Nyp Medical Groupwestchester, is located in Bronxville, NY. The organization was established in 2012. 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 12/2021, Nyp Medical Groupwestchester employed 327 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nyp Medical Groupwestchester 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, Nyp Medical Groupwestchester generated $93.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.7% each year . All expenses for the organization totaled $93.2m during the year ending 12/2021. While expenses have increased by 13.4% 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
LAWRENCE MEDICAL ASSOCIATES DBA NYP MEDICAL GROUP/WESTCHESTER'S MISSION IS TO FURTHER NY PRESBYTERIAN HOSPITAL'S CHARITABLE PURPOSE OF PROMOTING HEALTH IN THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LAWRENCE MEDICAL ASSOCIATES (LMA) DBA NEW YORK PRESBYTERIAN MEDICAL GROUP/WESTCHESTER PROFESSIONAL MEDICAL SERVICES ARE PROVIDED IN ACCORDANCE WITH THE MEDICAL SERVICES AGREEMENT WITH THE NEW YORK AND PRESBYTERIAN HOSPITAL. THE HOSPITAL IS RESPONSIBLE FOR MANAGING LMA'S OPERATIONS, WHICH ARE PERFORMED BY LMA EMPLOYEES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Former Officer | 20 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Columbia University Medical Center Physician Services | 12/30/21 | $25,708,821 |
Medicus Healthcare Solutions Physician Services | 12/30/21 | $1,555,179 |
Asif Hasan Psychiatric Services | 12/30/21 | $360,750 |
Stericycle Communications Solutions Communication Services | 12/30/21 | $535,278 |
Amn Healthcare Inc Staffing | 12/30/21 | $104,168 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $51,664,366 |
| 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 | $51,664,366 |
| Total Program Service Revenue | $40,046,016 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $93,174,617 |
| 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. | $299,690 |
| Compensation of current officers, directors, key employees. | $299,690 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $39,568,901 |
| Pension plan accruals and contributions | $2,777,485 |
| Other employee benefits | $4,039,409 |
| Payroll taxes | $2,268,964 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $29,239,347 |
| Advertising and promotion | $3,420 |
| Office expenses | $1,866,668 |
| Information technology | $43,860 |
| Royalties | $0 |
| Occupancy | $4,058,611 |
| Travel | $4,111 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $40,744 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $897,817 |
| Insurance | $6,590,512 |
| All other expenses | $0 |
| Total functional expenses | $93,174,617 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,917,221 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,682,300 |
| 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 | $140,369 |
| Net Land, buildings, and equipment | $6,467,908 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $17,752,003 |
| Total assets | $43,959,801 |
| Accounts payable and accrued expenses | $28,207,753 |
| 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 | $31,728,223 |
| Total liabilities | $59,935,976 |
| Net assets without donor restrictions | -$15,976,175 |
| 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 | $43,959,801 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lawrence Medical Associates Pc has recieved totaling $51,664,366.
| Awarding Organization | Amount |
|---|---|
The New York And Presbyterian Hospital New York, NY PURPOSE: SUPPORT | $51,664,366 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Harvard Medical Faculty Phys At Beth Israel Deaconess Med Ctr Inc Boston, MA | $333,623,970 | $615,180,366 |
Lahey Clinic Inc Burlington, MA | $218,926,928 | $291,194,396 |
Pinnacle Health Medical Services Harrisburg, PA | $62,082,359 | $358,432,911 |
Main Line Healthcare Newtown Square, PA | $118,136,702 | $349,358,338 |
Physicians Of University Hospital Pc Westbury, NY | $91,787,225 | $282,594,740 |
Medical Associates Of Englewood Pc Englewood, NJ | $38,044,467 | $274,946,438 |
Clinical Care Associates Of The University Of Pennsylvania Health Bala Cynwyd, PA | $70,443,492 | $209,271,901 |
Western New York Medical Practice Pc Rochester, NY | $26,530,939 | $128,934,853 |
Trinity Health Of New England Provider Network Organization Inc Hartford, CT | $70,146,578 | $134,472,081 |
Stamford Health Medical Group Inc Stamford, CT | $92,505,083 | $118,533,430 |
St Josephs Medical Pc Syracuse, NY | $40,455,825 | $136,268,897 |
Mount Sinai Health System Self Insurance Trust New York, NY | $337,636,938 | $98,428,023 |