St Francis Medical Associates P A
- Assets
- $104.6k
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Trenton, NJ
- Founding
- Data as of
- 06/2021
- EIN
- 83-2199054
Organization Overview
St Francis Medical Associates P A is located in Trenton, NJ. According to its NTEE Classification (E31) the organization is classified as: Group Health Practices, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. St Francis Medical Associates P A 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 06/2021, St Francis Medical Associates P A generated $1.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (9.3%) each year. All expenses for the organization totaled $5.0m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (6.4%) per year over the past 2 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HEALTH CARE SERVICES
Describe the Organization's Program Activity:
Part 3 - Line 4a
ST. FRANCIS MEDICAL ASSOCIATES IS A MEDICAL PRACTICE THAT PROVIDES OUTPATIENT PRIMARY AND SPECIALTY MEDICAL SERVICES AT SIX LOCATIONS IN CENTRAL NEW JERSEY. ST. FRANCIS MEDICAL ASSOCIATES INTEGRATES PRIMARY CARE AND SPECIALTY PHYSICIANS TO PROVIDE COMPASSIONATE MEDICAL CARE THAT IS OF THE HIGHEST QUALITY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
C James Romano MD Director & Pres.; Sfmc SVP & Cmo | OfficerTrustee | 1 | $0 |
Mark Kelly Treasurer; Sfmc VP Finance & CFO | Officer | 1 | $0 |
Rajiv Shah MD Physician | 50 | $0 | |
David Okolica MD Physician | 50 | $0 | |
Stacy Prall DO Physician | 50 | $0 | |
Louis Fares MD Physician | 50 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,380 |
| 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 | $4,380 |
| Total Program Service Revenue | $1,336,068 |
| 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 | $1,340,448 |
| 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 | $3,201,128 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $446,605 |
| Payroll taxes | $167,621 |
| 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 | $830,071 |
| Advertising and promotion | $0 |
| Office expenses | $53,288 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $186,994 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $4,960,575 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $92,480 |
| 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 | $12,093 |
| Total assets | $104,573 |
| Accounts payable and accrued expenses | $561,501 |
| Grants payable | $0 |
| Deferred revenue | $954 |
| 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 | $8,534,242 |
| Total liabilities | $9,096,697 |
| Net assets without donor restrictions | -$8,992,124 |
| 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 | $104,573 |
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| Organization Name | Assets | Revenue |
|---|---|---|
Central Jersey Behavioral Health Associates Inc Oceanport, NJ | $4,455,141 | $15,257,783 |
Centerlight Healthcare Diagnostic And Treament Center Flushing, NY | $1,185,155 | $16,151,605 |
New York Dental Affiliates Pc New York, NY | $0 | $15,517,970 |
Merakey Montgomery County Lafayette Hill, PA | $6,362,296 | $14,598,796 |
Ub Family Medicine Inc Buffalo, NY | $5,045,310 | $14,069,368 |
University Ophthalmology Services Inc Buffalo, NY | $5,863,038 | $9,615,865 |
Health Services Of Clarion Inc Butler, PA | $1,886,701 | $6,401,684 |
St Francis Medical Associates P A Trenton, NJ | $104,573 | $1,340,448 |
Touro University Medical Group New York, NY | $997,785 | $2,285,654 |
New Margaret Hague Womens Health Institute Jersey City, NJ | $1,050 | $2,306,384 |
Guildnet Inc New York, NY | $19,412,415 | $7,701,521 |
Heritage Valley-Upmc Multispecialty Group Inc Pittsburgh, PA | $208,187 | $951,370 |