Memphis Lung Physicians Foundation Inc
- Assets
- $4.7m
- Revenue
- $13.3m
- Investments
- $0.0
- Employees
- 98
- Location
- Memphis, TN
- Founding
- 07/2014
- Data as of
- 09/2021
- EIN
- 45-2832975
Organization Overview
Memphis Lung Physicians Foundation Inc is located in Memphis, TN. The organization was established in 2014. According to its NTEE Classification (E32) the organization is classified as: Community Clinics, under the broad grouping of Health Care and related organizations. As of 09/2021, Memphis Lung Physicians Foundation Inc employed 98 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Memphis Lung Physicians Foundation 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 09/2021, Memphis Lung Physicians Foundation Inc generated $13.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $17.7m during the year ending 09/2021. While expenses have increased by 5.8% 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
MEMPHIS LUNG PHYSICIANS FOUNDATION, INC. PROVIDES QUALITY MEDICAL HEALTH CARE REGARDLESS OF RACE, CREED, SEX, NATIONAL ORIGIN, HANDICAP, OR AGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMPHIS LUNG PHYSICIANS FOUNDATION, INC. PROVIDES QUALITY MEDICAL HEALTH CARE REGARDLESS OF RACE, CREED, SEX, NATIONAL ORIGIN, HANDICAP, OR AGE. MEMPHIS LUNG PHYSICIANS FOUNDATION, INC. SPECIALIZES IN PULMONARY, CRITICAL CARE AND SLEEP MEDICINE. IN ADDITION TO CRITICAL CARE, WE FOCUS ON THE DIAGNOSIS AND TREATMENT OF ACUTE RESPIRATORY DISTRESS, CHRONIC OBSTRUCTIVE PULMONARY DISEASE, ASTHMA, CYSTIC FIBROSIS, LUNG CANCER, OBSTRUCTIVE SLEEP APNEA AND OTHER PULMONARY DISEASES AND CONDITIONS. ALTHOUGH REIMBURSEMENT FOR SERVICES IS CRITICAL TO THE OPERATION AND STABILITY OF MEMPHIS LUNG PHYSICIANS FOUNDATION, INC., IT IS RECOGNIZED THAT NOT ALL INDIVIDUALS POSSESS THE ABILITY TO PURCHASE HEALTH CARE SERVICES AND HEALTH CARE EDUCATION.THEREFORE, IN KEEPING WITH ITS COMMITMENT TO SERVE ALL MEMBERS OF ITS COMMUNITY, MEMPHIS LUNG PHYSICIANS FOUNDATION, INC. PROVIDES THE FOLLOWING:- FREE CARE AND/OR SUBSIDIZED CARE WHERE THE NEED AND/OR AN INDIVIDUAL'S INABILITY TO PAY COEXIST,- CARE PROVIDED TO PERSONS COVERED BY GOVERNMENTAL PROGRAMS AT BELOW COST, AND - HEALTH ACTIVITIES AND PROGRAMS TO SUPPORT THE COMMUNITY. MEMPHIS LUNG PHYSICIANS FOUNDATION, INC. HAS HAD A LONG HISTORY OF WORKING WITH BAPTIST MEMORIAL HEALTH CARE CORPORATION AND RELATED ENTITIES. MEMPHIS LUNG PHYSICIANS FOUNDATION, INC. HAS PLAYED A MAJOR ROLE IN DEVELOPING NATIONALLY RECOGNIZED INTENSIVE CARE SERVICES AT BAPTIST MEMORIAL HOSPITALS AND DEVELOPING SLEEP MEDICINE SERVICES THAT ARE OFFERED BY THE HOSPITALS. PHYSICIANS AT MEMPHIS LUNG PHYSICIANS FOUNDATION, INC. HAVE WORKED TO IMPROVE THE OUTCOMES OF PATIENTS IN BAPTIST MEMORIAL HOSPITALS' INTENSIVE CARE UNITS BY DECREASING HOSPITAL ACQUIRED INFECTIONS COMMON TO INTENSIVE CARE PATIENTS.THE U.S. DEPARTMENT OF HEALTH AND HUMAN SERVICES (HHS) HONORS HEALTH CARE FACILITIES FOR THEIR EFFORTS TO PREVENT, AND EVENTUALLY ELIMINATE, HEALTH CARE ASSOCIATED INFECTIONS. THE PHYSICIANS AT MEMPHIS LUNG PHYSICIANS FOUNDATION, INC. HELPED BAPTIST MEMORIAL HOSPITALS RECEIVE THE U.S. DEPARTMENT OF HEALTH AND HUMAN SERVICES (HHS) SUSTAINED IMPROVEMENT AWARD, AN HONOR EARNED BY ONLY A FEW HOSPITALS IN THE COUNTRY, FOR REDUCTION OF THESE HEALTH CARE ASSOCIATED INFECTIONS. THEIR EFFORTS HAVE LED TO A SIGNIFICANT DECREASE IN MORTALITY FOR PATIENTS PRESENTING WITH SEPTIC SHOCK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Todd M Henderson MD Physician/director | Trustee | 39.77 | $765,357 |
Istvan Wollak MD Physician | 40 | $684,028 | |
Kenneth A Okpor MD Physician/director | Trustee | 40 | $655,121 |
Muhammad Sheikh MD Physician/director | Trustee | 40 | $639,443 |
Praneet Iyer MD Physician | 40 | $636,167 | |
Jeffrey Wright MD President/director | OfficerTrustee | 40 | $627,030 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Locum Leaders Physician Staffing | 9/29/15 | $225,726 |
Protech Systems It Contractor | 9/29/15 | $137,818 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $622,630 |
| 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 | $622,630 |
| Total Program Service Revenue | $12,699,322 |
| Investment income | $199 |
| 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 | $13,322,151 |
| 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. | $4,207,806 |
| Compensation of current officers, directors, key employees. | $252,468 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,352,549 |
| Pension plan accruals and contributions | $263,396 |
| Other employee benefits | $916,017 |
| Payroll taxes | $635,215 |
| 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 | $538,985 |
| Advertising and promotion | $2,791 |
| Office expenses | $197,293 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $517,741 |
| Travel | $641 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $31,094 |
| Interest | $1,408 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,638 |
| Insurance | $133,166 |
| All other expenses | $35,362 |
| Total functional expenses | $17,687,741 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $78,823 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,082,368 |
| 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 | $150,365 |
| Net Land, buildings, and equipment | $45,875 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,381,753 |
| Total assets | $4,739,184 |
| Accounts payable and accrued expenses | $691,530 |
| 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 | $19,355,320 |
| Total liabilities | $20,046,850 |
| Net assets without donor restrictions | -$15,307,666 |
| 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 | $4,739,184 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Music City Prep Clinic Nashville, TN | $24,330,641 | $46,316,294 |
Roane County Medical Center Knoxville, TN | $54,535,174 | $48,581,475 |
Maury Regional Medical Group Inc Columbia, TN | $4,063,673 | $38,290,405 |
Blue Ridge Community Health Services Inc Hendersonville, NC | $38,668,696 | $50,334,555 |
Lincoln Community Health Center Incorporated Durham, NC | $16,530,491 | $39,154,864 |
Affinia Healthcare St Louis, MO | $34,572,214 | $40,367,020 |
Neighborhood Health Alexandria, VA | $23,469,014 | $38,855,948 |
Grace Community Health Center Inc Corbin, KY | $56,663,037 | $46,753,120 |
North Mississippi Primary Health Care Inc Ashland, MS | $49,957,311 | $45,602,370 |
Central Mississippi Civic Improvement Association Inc Jackson, MS | $29,040,040 | $32,678,179 |
Carolina Family Health Centers Inc Wilson, NC | $48,116,306 | $44,586,174 |
Franklin Primary Health Center Inc Mobile, AL | $19,677,937 | $36,174,444 |