Nuvance Health Medical Practice Pc
- Assets
- $55.9m
- Revenue
- $140.2m
- Investments
- $0.0
- Employees
- 929
- Location
- Lagrangeville, NY
- Founding
- 03/2011
- Data as of
- 12/2018
- EIN
- 56-2669185
Organization Overview
Nuvance Health Medical Practice Pc is located in Lagrangeville, NY. The organization was established in 2011. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. As of 12/2018, Nuvance Health Medical Practice Pc employed 929 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nuvance Health Medical Practice Pc 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 12/2018, Nuvance Health Medical Practice Pc generated $140.2m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 13.9% each year . All expenses for the organization totaled $158.6m during the year ending 12/2018. While expenses have increased by 11.3% per year over the past 4 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
2018
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE MULTI-SPECIALTY PHYSICIAN SERVICES TO THE PATIENTS IN THE HUDSON VALLEY
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE MULTISPECIALTY RETAIL BASED HEALTH CARE INCLUDING ONCOLOGY, CRITICAL CARE, CARDIOTHORACIC SURGERY, SURGICAL SERVICES, OBGYN, NEWBORN CARE, AND PRIMARY PHYSICIAN CARE TO PATIENTS IN VARIOUS SERVICE AREAS.
TO PROVIDE MULTISPECIALTY HOSPITAL BASED HEALTH CARE INCLUDING ONCOLOGY, CRITICAL CARE, CARDIOTHORACIC SURGERY, SURGICAL SERVICES, OBGYN, NEWBORN CARE, AND PRIMARY PHYSICIAN CARE TO PATIENTS IN VARIOUS SERVICE AREAS.
AFFILIATE REVENUE IS RECOGNIZED FOR PHYSICIAN OVERSIGHT MANAGEMENT FEES FROM ITS SUPPORTED ORGANIZATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jason Sperling Physician | 40 | $1,244,179 | |
Rohit Shahani Physician | 40 | $824,579 | |
Fausto Vinces Physician | 40 | $787,595 | |
Alexander Clark Physician | 40 | $754,640 | |
Cliff Connery Physician - Thoracic Oncology | 40 | $753,399 | |
Glenn A Loomis MD President Hqmp | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $85,191 |
| 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 | $85,191 |
| Total Program Service Revenue | $136,280,570 |
| Investment income | $8,578 |
| 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 | $140,197,251 |
| 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 | $110,149,927 |
| Pension plan accruals and contributions | $2,869,782 |
| Other employee benefits | $9,211,198 |
| Payroll taxes | $5,511,754 |
| 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 | $218,477 |
| Advertising and promotion | $11,379 |
| Office expenses | $715,044 |
| Information technology | $2,484,195 |
| Royalties | $0 |
| Occupancy | $4,636,659 |
| Travel | $201,817 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $617,359 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,851,979 |
| Insurance | $3,839,634 |
| All other expenses | $703,519 |
| Total functional expenses | $158,620,290 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,518,824 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,297,673 |
| 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 | $3,378,494 |
| Net Land, buildings, and equipment | $15,281,506 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $984,700 |
| Other assets | $26,413,258 |
| Total assets | $55,874,455 |
| Accounts payable and accrued expenses | $16,924,206 |
| 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 | $27,707,690 |
| Total liabilities | $44,631,896 |
| Unrestricted restricted net Assets | $11,180,004 |
| Temporarily restricted net Assets | $62,555 |
| 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 | $11,242,559 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Nuvance Health Medical Practice Pc has recieved totaling $6,000.
| Awarding Organization | Amount |
|---|---|
Vassar Brothers Hospital Foundation Poughkeepsie, NY PURPOSE: OPERATIONAL SUPPORT | $6,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cape Cod Healthcare Inc Hyannis, MA | $1,256,505,571 | $986,611,618 |
St Josephs Health System Subordinate Group Return Paterson, NJ | $1,081,595,215 | $963,799,571 |
Atlanticare Health System Inc Egg Harbor Township, NJ | $1,893,827,880 | $909,225,575 |
Geisinger System Services Danville, PA | $1,398,222,343 | $715,016,181 |
Hartford Health Care Corporation Hartford, CT | $2,668,436,051 | $551,640,424 |
Bon Secours Charity Health System Affiliated Group Suffern, NY | $223,032,633 | $606,730,244 |
Highmark Health Pittsburgh, PA | $708,603,703 | $583,319,053 |
Hackensack Meridian Health Inc Edison, NJ | $279,460,343 | $549,822,020 |
Wellspan Health York, PA | $671,523,886 | $507,378,748 |
St Clair Health Corporation Pittsburgh, PA | $808,105,796 | $406,482,026 |
Wyckoff Heights Medical Center Brooklyn, NY | $318,132,023 | $364,136,906 |
Albany Medical Center Glens Falls, NY | $356,058,419 | $346,451,670 |