M E D F Physicians Corporation
- Assets
- $3.3m
- Revenue
- $9.8m
- Investments
- $0.0
- Employees
- 157
- Location
- Coldwater, OH
- Founding
- 03/2002
- Data as of
- 03/2022
- EIN
- 34-1957399
Organization Overview
M E D F Physicians Corporation is located in Coldwater, OH. The organization was established in 2002. 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 03/2022, M E D F Physicians Corporation employed 157 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. M E D F Physicians Corporation 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 03/2022, M E D F Physicians Corporation generated $9.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.8% each year. All expenses for the organization totaled $15.5m during the year ending 03/2022. While expenses have increased by 9.8% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE PROFESSIONAL MEDICAL SERVICES TO MERCER COUNTY, OHIO AND THE SURROUNDING AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE PROFESSIONAL MEDICAL SERVICES TO MERCER COUNTY, OHIO AND THE SURROUNDING AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Reichert Doctor | 40 | $848,861 | |
Venkata Neelati Doctor | 40 | $597,050 | |
Robert Seward Doctor | 40 | $429,847 | |
Jayanth Gutta Doctor | 40 | $424,367 | |
Keith E Snow Anesthesiologist | 24 | $410,502 | |
David A Rosado Doctor | 40 | $346,118 |
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 | $64 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $64 |
| Total Program Service Revenue | $8,723,601 |
| Investment income | $2,015 |
| 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 | $9,791,556 |
| 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. | $7,272,796 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,709,140 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,662,319 |
| Payroll taxes | $592,810 |
| 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 | $982,855 |
| Advertising and promotion | $0 |
| Office expenses | $43,051 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $175,695 |
| Travel | $0 |
| 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 | $49,419 |
| Insurance | $20,524 |
| All other expenses | $107,579 |
| Total functional expenses | $15,475,025 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $606,546 |
| Savings and temporary cash investments | $1,300,907 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $871,147 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $286,811 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,068 |
| Net Land, buildings, and equipment | $273,060 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,339,539 |
| Accounts payable and accrued expenses | $1,643,648 |
| 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 | $1,643,648 |
| 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 | $41,883,960 |
| Retained earnings, endowment, accumulated income, or other funds | -$40,188,069 |
| Total liabilities and net assets/fund balances | $3,339,539 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that M E D F Physicians Corporation has recieved totaling $6,110,000.
| Awarding Organization | Amount |
|---|---|
Medical Educational And Development Foundation Coldwater, OH PURPOSE: Assist in providing healthcare | $6,110,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Akron General Partners Inc Independence, OH | $5,109,980 | $50,468,917 |
Great Lakes Physician Practice Pc Pittsburgh, PA | $14,269,559 | $33,003,744 |
United Physicians Care Inc Shinnston, WV | $7,483,188 | $43,634,994 |
Promedica Northwest Ohio Cardiology Consultants Llc Toledo, OH | $2,020,933 | $21,821,375 |
Northshore Health Centers Inc Portage, IN | $50,361,240 | $46,983,168 |
My Community Dental Centers Inc Petoskey, MI | $30,739,969 | $40,313,686 |
Geisinger Community Health Services Danville, PA | $22,899,957 | $44,522,143 |
Indiana Healthcare Physician Services Inc Indiana, PA | $5,430,202 | $29,710,547 |
Baldwin Family Health Care Baldwin, MI | $30,653,117 | $43,864,544 |
Medical Center Emergency Services Detroit, MI | $12,025,195 | $41,986,890 |
Big Sandy Health Care Inc Prestonsburg, KY | $26,374,341 | $40,449,494 |
Community Dialysis Center Shaker Heights, OH | $67,057,875 | $27,784,198 |