Vidant Medical Group Llc
- Assets
- $55.6m
- Revenue
- $254.5m
- Investments
- $0.0
- Employees
- 729
- Location
- Greenville, NC
- Founding
- 11/2007
- Data as of
- 09/2021
- EIN
- 38-3740839
Organization Overview
Vidant Medical Group Llc is located in Greenville, NC. The organization was established in 2007. According to its NTEE Classification (E12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Health Care and related organizations. As of 09/2021, Vidant Medical Group Llc employed 729 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vidant Medical Group Llc 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 09/2021, Vidant Medical Group Llc generated $254.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $330.2m during the year ending 09/2021. While expenses have increased by 7.1% per year over the past 6 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 MEDICAL SERVICES IN EASTERN NORTH CAROLINA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VIDANT HEALTH PROFESSIONALS PROVIDED EVALUATIONS, CLINICAL CARE MANAGEMENT, AND MEDICALLY NECESSARY PROCEDURES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Manjunath Markandaya Physician | 40 | $1,942,879 | |
Aaron Danison Physician | 40 | $1,442,047 | |
Richard Dalyai Physician | 40 | $1,061,204 | |
Kenneth Lee Physician | 40 | $1,021,961 | |
Pradeep Arumugham Physician | 40 | $1,021,520 | |
Daniel Drake PHD President Of Vmg | Trustee | 40 | $290,416 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Center For Neuropsychiatric Services Pa Physician Services | 9/29/21 | $1,462,870 |
Eastern Nephrology Associates Physician Services | 9/29/21 | $874,208 |
Weatherby Locums Inc Physician Services | 9/29/21 | $3,072,547 |
Bunn Medical Associates Physician Services | 9/29/21 | $2,552,026 |
Ecu School Of Medicine Physician Services | 9/29/21 | $10,778,646 |
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 | $14,272 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,272 |
| Total Program Service Revenue | $254,312,185 |
| Investment income | $20,438 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $162,977 |
| Net Gain/Loss on Asset Sales | $6,300 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $254,516,172 |
| 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. | $524,249 |
| Compensation of current officers, directors, key employees. | $524,249 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $199,730,269 |
| Pension plan accruals and contributions | $4,809,404 |
| Other employee benefits | $13,374,906 |
| Payroll taxes | $10,333,395 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $23,400 |
| Fees for services: Accounting | $31,226 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $48,721,500 |
| Advertising and promotion | $573,847 |
| Office expenses | $1,000,590 |
| Information technology | $101,371 |
| Royalties | $0 |
| Occupancy | $8,886,503 |
| Travel | $869,172 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $509 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,184,653 |
| Insurance | $4,992,620 |
| All other expenses | $2,778,411 |
| Total functional expenses | $330,203,675 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,658,769 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $17,995,400 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,569,852 |
| Prepaid expenses and deferred charges | $693,178 |
| Net Land, buildings, and equipment | $20,297,377 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $12,046 |
| Other assets | $11,347,461 |
| Total assets | $55,574,083 |
| Accounts payable and accrued expenses | $43,526,278 |
| 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 | $10,441,524 |
| Total liabilities | $53,967,802 |
| Net assets without donor restrictions | $1,606,281 |
| 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 | $55,574,083 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Vidant Medical Group Llc has recieved totaling $26,454.
| Awarding Organization | Amount |
|---|---|
Reach Out And Read Inc Boston, MA PURPOSE: ENCOURAGE READING | $8,818 |
Reach Out And Read Inc Boston, MA PURPOSE: ENCOURAGE READING | $8,818 |
Reach Out And Read Inc Boston, MA PURPOSE: ENCOURAGE READING | $8,818 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Vidant Medical Group Llc Greenville, NC | $55,574,083 | $254,516,172 |
Wake Forest University Baptist Medical Center Winstonsalem, NC | $446,443,070 | $205,958,249 |
Health Sciences South Carolina Columbia, SC | $45,940,458 | $137,691,740 |
Easter Seals Ucp North Carolina & Virginia Inc Raleigh, NC | $19,056,860 | $91,808,337 |
Childrens Health Foundation Inc Norfolk, VA | $218,293,245 | $41,519,979 |
Atrium Health Foundation Charlotte, NC | $404,080,450 | $59,803,918 |
Hopeway Foundation Charlotte, NC | $32,563,344 | $14,897,275 |
Randolph Cancer Center Llc Asheboro, NC | $0 | $11,508,289 |
The Healing Trust Nashville, TN | $0 | $7,303,090 |
Medical Center Foundation Inc Gainesville, GA | $39,439,884 | $6,805,753 |
Methodist Healthcare Foundation Memphis, TN | $23,965,456 | $9,348,334 |
Archbold Foundation Inc Thomasville, GA | $120,664,372 | $4,326,190 |