Nmg Services Inc
- Assets
- $0.0
- Revenue
- $13.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Winston Salem, NC
- Founding
- 09/1998
- Data as of
- 07/2019
- EIN
- 56-2098809
Organization Overview
Nmg Services Inc is located in Winston Salem, NC. The organization was established in 1998. According to its NTEE Classification (E31) the organization is classified as: Group Health Practices, under the broad grouping of Health Care and related organizations. Nmg Services 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 07/2019, Nmg Services Inc generated $13.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (23.0%) each year. All expenses for the organization totaled $14.0m during the year ending 07/2019. As we would expect to see with falling revenues, expenses have declined by (26.2%) per year over the past 5 years. 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
2019
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
NMG SERVICES, INC. OFFERED PHYSICIAN SUPPORT SERVICES. THE ORGANIZATION'S OPERATIONS SERVED THE COMMUNITY BY SUPPORTING PHYSICIANS WHO PROVIDE ACCESS TO MUCH NEEDED HEALTHCARE SERVICES, REGARDLESS OF THE PATIENT'S ABILITY TO PAY. THE ENTITY CONVERTED TO A LIMITED LIABILITY COMPANY IN JULY 2019. IT IS WHOLLY OWNED BY NOVANT HEALTH, INC. (NHI), A TAX EXEMPT HEALTHCARE ORGANIZATION, AND ALL CONTINUING OPERATIONS ARE REPORTED ON THE NHI FORM 990.
NMG SERVICES, INC., A SUBSIDIARY OF NOVANT HEALTH, INC., OWNED AND OPERATED THE NOVANT HEALTH SYSTEM'S AMBULATORY ELECTRONIC MEDICAL RECORD INITIATIVE. THE ENTITY CONVERTED TO A LIMITED LIABILITY COMPANY IN JULY 2019. IT IS WHOLLY OWNED BY NOVANT HEALTH, INC. (NHI), A TAX EXEMPT HEALTHCARE ORGANIZATION, AND ALL CONTINUING OPERATIONS ARE REPORTED ON THE NHI FORM 990.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barr Robert MD Chair | OfficerTrustee | 10 | $0 |
Valentine Peggy Sec/treas | OfficerTrustee | 10 | $0 |
Murphy Daniel MD Vice Chair | OfficerTrustee | 10 | $0 |
Oliver Pamela MD Evp & Pres Nhmg | OfficerTrustee | 50 | $0 |
Moore Alice Asst Sec | Officer | 2 | $0 |
Ely Joseph Trustee | Trustee | 8 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Epic Systems Corporation It Consulting/services | 12/30/18 | $4,797,178 |
Bcs Incorporated Consulting | 12/30/18 | $121,138 |
Experian Health Revenue Cycle Services | 12/30/18 | $169,734 |
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 | $13,440,108 |
| 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 | $13,440,108 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $7,424,793 |
| Advertising and promotion | $258 |
| Office expenses | $36,055 |
| Information technology | $2,280,305 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $102,189 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,243 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,022,835 |
| Insurance | $0 |
| All other expenses | $3,534 |
| Total functional expenses | $13,965,535 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| 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 | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $0 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Medical Education Assistance Corporation Mountain Home, TN | $46,494,527 | $58,785,837 |
Hamilton Physician Group Inc Dalton, GA | $5,859,770 | $25,048,912 |
Archbold Medical Group Inc Thomasville, GA | $5,272,330 | $16,475,298 |
Wake Forest Emergency Providers Winstonsalem, NC | $15,326,741 | $25,615,957 |
Dentistry Vcu Richmond, VA | $25,164,029 | $20,569,045 |
Nmg Services Inc Winston Salem, NC | $0 | $13,440,108 |
Progressive Healthcare Providers - Fern Park Llc Collierville, TN | $5,161,371 | $7,404,656 |
Virginia Primary Care Assn Inc Henrico, VA | $6,313,896 | $6,822,022 |
Medical Resource Center For Randolph County Inc Asheboro, NC | $2,443,446 | $3,543,468 |
Friends Of Guest House Inc Alexandria, VA | $2,435,545 | $2,428,969 |
Smith Medical Clinic Inc Pawleys Island, SC | $1,271,419 | $1,886,591 |
Chesapeake Medical Group Inc Kilmarnock, VA | $0 | $374,225 |