L&m Physician Association Inc
- Assets
- $9.2m
- Revenue
- $36.6m
- Investments
- $0.0
- Employees
- 470
- Location
- New London, CT
- Founding
- Data as of
- 09/2016
- EIN
- 27-1094375
Organization Overview
L&m Physician Association Inc is located in New London, CT. As of 09/2016, L&m Physician Association Inc employed 470 individuals. L&m Physician Association Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2016
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTES AND FURTHERS THE WELFARE, PROGRAMS AND ACTIVITIES OF LAWRENCE & MEMORIAL HOSPITAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
L&M PHYSICIAN ASSOCIATION, INC. SUPPORTS LAWRENCE & MEMORIAL HOSPITAL AND LMW HEALTHCARE'S COMMITMENT TO ADVANCE THE HEALTH AND WELL-BEING OF THE INDIVIDUALS IN THE HOSPITALS' SERVICE AREA (WHICH IS GREATER NEW LONDON, CT AND WESTERLY, RI) BY ENGAGING PHYSICIANS TO PROVIDE PHYSICIAN SERVICES TO THE HOSPITALS AND ORGANIZATIONS AFFILIATED WITH THE HOSPITALS FOR THE PURPOSE OF PRACTICING MEDICINE AND PROVIDING HEALTH CARE SERVICES AS A MEDICAL FOUNDATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patrick Doherty Physician | 40 | $1,742,255 | |
Adrian Hamburger Physician | 40 | $777,864 | |
Jon Gaudio Chairman/trustee | OfficerTrustee | 37 | $615,938 |
Sepehr Sajjad Physician | 40 | $614,368 | |
Roshanak Bagheri Physician | 40 | $568,413 | |
Michael Harwood Physician | 40 | $512,291 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Theracom Llc Data Processing | 9/29/16 | $166,867 |
Diversified Building Services Llc Cleaning Service | 9/29/16 | $149,915 |
Staff Care Inc Staffing Service | 9/29/16 | $267,230 |
Berkeley Research Group Llc Consulting Service | 9/29/16 | $995,564 |
Ipc Hospitalists Of New England Pc Medical Service | 9/29/16 | $149,910 |
View All Vendors
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 | $36,607,298 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$8,205 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $36,599,093 |
| 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. | $3,264,704 |
| Compensation of current officers, directors, key employees. | $278,202 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $33,139,040 |
| Pension plan accruals and contributions | $859,198 |
| Other employee benefits | $3,777,970 |
| Payroll taxes | $1,978,862 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $111,359 |
| Fees for services: Accounting | $27,393 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,879,330 |
| Advertising and promotion | $11,449 |
| Office expenses | $414,535 |
| Information technology | $135,795 |
| Royalties | $0 |
| Occupancy | $3,097,945 |
| Travel | $174,650 |
| 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 | $664,987 |
| Insurance | $2,692,754 |
| All other expenses | $20,678 |
| Total functional expenses | $59,120,220 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $383,055 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,516,604 |
| 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 | $51,075 |
| Net Land, buildings, and equipment | $3,618,787 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,634,645 |
| Total assets | $9,204,166 |
| Accounts payable and accrued expenses | $1,001,084 |
| 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 | $7,971,129 |
| Total liabilities | $8,972,213 |
| Unrestricted restricted net Assets | $231,953 |
| 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 | $231,953 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that L&m Physician Association Inc has recieved totaling $783.
| Awarding Organization | Amount |
|---|---|
Reach Out And Read Inc Boston, MA PURPOSE: ENCOURAGE READING | $783 |
View Grant Recipient Profile
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Center For Discovery Inc Harris, NY | $136,967,391 | $121,112,657 |
Champlain College Inc Burlington, VT | $240,784,775 | $119,718,125 |
Behavioral Health Network Inc Springfield, MA | $65,551,106 | $133,127,177 |
Point Park University Pittsburgh, PA | $213,510,842 | $122,379,566 |
Bay Cove Human Services Inc Boston, MA | $73,611,314 | $126,196,963 |
Lucent Technologies Inc Postretirment Welfare Benefits Tru Murray Hill, NJ | $233,482,578 | $187,732,247 |
Core Physicians Llc Exeter, NH | $19,371,760 | $100,280,879 |
Northwestern Medical Center Inc St Albans, VT | $180,177,619 | $138,585,936 |
William Penn Foundation Philadelphia, PA | $0 | $175,834,650 |
Museum Of Fine Arts Boston, MA | $1,234,619,782 | $175,070,799 |
Rising Ground Inc Brooklyn, NY | $83,365,345 | $129,310,965 |
Lehigh Valley Hospital - Schuykill Allentown, PA | $123,931,422 | $141,448,853 |