Cossma Inc
- Assets
- $107.3m
- Revenue
- $66.4m
- Investments
- $0.0
- Employees
- 399
- Location
- Cidra, PR
- Founding
- 07/1989
- Data as of
- 08/2021
- EIN
- 66-0434923
Organization Overview
Cossma Inc is located in Cidra, PR. The organization was established in 1989. 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 08/2021, Cossma Inc employed 399 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cossma 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 08/2021, Cossma Inc generated $66.4m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.1% each year . All expenses for the organization totaled $57.6m during the year ending 08/2021. While expenses have increased by 13.8% 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
TO PROVIDE PRIMARY HEALTH CARE SERVICES TO MEDICALLY UNDESERVED POPULATION, AGRICULTURAL, MIGRANT AND SEASONAL FARM WORKERS AS TO THEIR DEPENDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HEALTH SERVICES DURING THE YEAR. COSSMA, INC PROVIDE PRIMARY HEALTH SERVICES.
PHARMACY OPERATIONS
EDUCATION AND PREVENTION
ESPERANZA VILLAGEJUNCOS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Isolina Miranda Sotillo Executive Director | Officer | 40 | $154,545 |
Rosalie Candelario Ortiz Medical Director | Officer | 40 | $116,306 |
Marienaldy Berrios Clinical Service Deputy Director | Officer | 40 | $110,328 |
Claribel Lara Gonzalez Finance Director | Officer | 40 | $63,152 |
Carmen Veguilla Montanez Users Representative Caguas | Trustee | 2 | $0 |
Teofila Rios Ortiz Finance Area Representative | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bm Construction Corp Construction | 8/30/21 | $3,147,549 |
G4s Secure Solutions Pr Inc Security | 8/30/21 | $5,729,314 |
Xerox Capital Services Llc Rental Photocopiers | 8/30/21 | $2,385,041 |
Egb Air Conditioning Inc Air Conditioning | 8/30/21 | $1,350,521 |
Aireko Construction Corp Construction | 8/30/21 | $1,751,214 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $10,442,444 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,159,365 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,601,809 |
| Total Program Service Revenue | $52,554,779 |
| Investment income | $633,965 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $27,542 |
| 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 | $66,362,775 |
| 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 | $14,645,452 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $526,606 |
| Payroll taxes | $2,422,333 |
| 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 | $3,182,190 |
| Advertising and promotion | $3,472 |
| Office expenses | $242,815 |
| Information technology | $228,885 |
| Royalties | $0 |
| Occupancy | $2,388,922 |
| Travel | $126,071 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $85,468 |
| Interest | $114,838 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,508,618 |
| Insurance | $457,386 |
| All other expenses | $873,041 |
| Total functional expenses | $57,595,055 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $33,727,093 |
| Savings and temporary cash investments | $31,327,561 |
| Pledges and grants receivable | $853,439 |
| Accounts receivable, net | $4,540,229 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $646,588 |
| Prepaid expenses and deferred charges | $283,280 |
| Net Land, buildings, and equipment | $35,107,681 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $847,279 |
| Total assets | $107,333,150 |
| Accounts payable and accrued expenses | $5,974,558 |
| Grants payable | $0 |
| Deferred revenue | $158,580 |
| 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 | $2,584,322 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $8,717,460 |
| Net assets without donor restrictions | $98,615,690 |
| 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 | $107,333,150 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Cossma Inc has recieved totaling $460,203.
| Awarding Organization | Amount |
|---|---|
Direct Relief Santa Barbara, CA PURPOSE: SUPPORT TO US CLINICS & HEALTH CENTERS FOR LOW-INCOME, UNINSURED PATIENTS | $299,397 |
Americares Foundation Inc Stamford, CT PURPOSE: ONGOING | $80,403 |
Americares Foundation Inc Stamford, CT PURPOSE: ONGOING | $80,403 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Salud Integral En La Montana Inc Naranjito, PR | $119,086,273 | $106,337,219 |
Migrant Health Center Mayaguez, PR | $87,969,112 | $107,297,310 |
Cossma Inc Cidra, PR | $107,333,150 | $66,362,775 |
Hpm Foundation Inc San Juan, PR | $29,670,863 | $56,807,836 |
Integral De Loiza Conciliode Salud Loiza, PR | $61,756,784 | $54,154,090 |
Centro De Salud De Lares Inc Lares, PR | $49,390,096 | $39,866,624 |
Centro De Salud Familiar Dr Julio Palmieri Ferri Inc Arroyo, PR | $37,979,534 | $30,466,803 |
Centro De Servicios Primarios De Sa Lud Inc Florida, PR | $10,779,090 | $10,867,275 |
Comprehensive Human Services Corporation Guaynabo, PR | $22,959,941 | $4,048,725 |